How much have purchase prices risen?

According to ISTAC, the average market value of a privately financed home stood at €2,279.40 per square metre in the second quarter of 2026. That was 14.2% more than in the second quarter of 2025. Nationally, the value rose by 12.5% over the same period to €2,355 per square metre.

According to Canarias Ahora, the Canary Islands housing index reached 191.5 points in 2026. Home ownership was therefore 91.5% more expensive than in 2015 and 40.5% more expensive than at the peak of the property bubble in 2008. The index stood at 136.3 points at that time.

The official INE house price index shows an annual increase of 11.0% for the Canary Islands in 2025. For Spain as a whole, the increase was 12.9%.

How are wages and prices developing?

According to Canarias Ahora, consumer prices rose by 27.2% between 2015 and 2025. Average wages increased by 26.5% over the same period. Wages therefore almost kept pace with inflation.

The price of home ownership, however, rose by 91.5%. That is almost three times as strong as wage growth. For young people and middle earners, the deposit for a mortgage is therefore becoming an ever higher hurdle.

According to Canarias Ahora, disposable household income grew by 64.6% between 2015 and 2025. This reflects a change in households: more and more adults are working under one roof to pay the bills.

What does a rented home cost?

According to BOC notice 3271, the average rent for a privately rented home stood at €1,176 per month at the end of 2025. That equalled 98.7% of the income of a young employed person. For a household, the rent burden was 45.3%.

By province, average rents stood at €1,158 in Las Palmas and €1,111 in Santa Cruz de Tenerife. The Spanish average was €1,205, an increase of 5.1% year on year compared with €1,146 in the first quarter of 2025.

A room cost a median of €400 per month. The INE rental index recorded an increase of 24% for the Canary Islands between 2015 and 2024. According to Canarias Ahora, this increase ran roughly parallel to inflation.

What support is available for tenants?

According to BOC notice 3271, the Bono Alquiler Joven is €250 per month, €6,000 in total over 24 months. Eligible applicants are people up to and including the age of 35. The monthly rent may not exceed €900, or €450 for a room.

The specific application deadline and procedure must be taken from the relevant subsidy notice. BOC notice 3271 of 17 September 2026 sets out the conditions of the youth rental subsidy.

According to Canarias Ahora, 36,950 people were registered with the ICAVI as applicants for subsidised housing by the end of 2025. In addition, there were 1,426 people or families who had gone through an eviction in the previous year.

How many homes are being built?

According to ISTAC, 10,254 mortgages for homes were registered up to July 2026. That was 0.3% more than in the same period of 2025. The number of mortgages shows the demand for home ownership, not the supply of new builds.

According to Canarias Ahora, the Canarian government stated in July 2026 the aim of having more than 4,000 public homes “in progress” by the end of the legislative term. The final number of subsidised new-build homes remains open.

Since 2024, the Canarian government has passed various regulations to speed up construction. This includes a reform to accelerate building permits. Prices nevertheless continue to mark record highs.

What remains open?

The final number of subsidised new-build homes and the concrete implementation of additional measures remain open. The application deadlines outside the cited youth rental subsidy have also not been published.

For residents and newly arriving workers, the development means higher purchase and rental costs as well as greater requirements for equity. For visitors, the cited sources indicate no new fees, entry requirements or closures.

The Canarian government has passed various regulations since 2024 to speed up construction. The market development, however, shows that the supply deficit persists.