Canary Islands Housing Market Rebounds in Early 2025
The Canary Islands housing market is showing signs of recovery in the first half of 2025, following a slowdown earlier in the year. Between January and June, property transactions rose by nearly 7%, with 13,118 homes changing hands across the archipelago. While national figures reached a record high of nearly 360,000 sales—the strongest since 2018—the Canary Islands’ numbers remain slightly below 2023 levels. However, June saw a dramatic surge, with sales nearly doubling the annual average.
June Sales Spike by 13.8%
According to data released by Spain’s National Statistics Institute (INE), June 2025 marked a significant uptick in housing sales, with a 13.8% increase compared to the same month in 2024. A total of 2,236 transactions were recorded, up from 2,115 in May—a monthly rise of 5.72%. Nationally, June sales soared by 17.9%, reaching 59,021 transactions. Despite this growth, the Canary Islands’ year-on-year increase was 22 percentage points lower than May’s figures, though the region has now seen twelve consecutive months of annual growth.
New and Used Homes Drive Growth
The June surge was fueled by both new and resale properties. New home sales jumped 25.3% year-on-year, totaling 12,570 transactions, while used homes saw a 16% increase, accounting for 46,451 sales. Free-market properties made up 92.7% of transactions, with protected housing representing the remaining 7.3%. Free-market sales rose by 18% annually (54,688 transactions), while protected housing transactions grew by 16.3% (4,333 sales).
Monthly Decline but Strong Half-Year Performance
Despite the annual growth, June saw a 3.3% monthly decline in housing sales. New home transactions dipped by 1.7%, while resales fell by 3.8%. However, the first half of 2025 overall posted a 19.7% increase in sales, driven by a 30.6% rise in new home purchases and a 17% uptick in used properties.
