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Get all the data you need about the real estate market in Canary Islands
We constantly update this article to reflect the current housing prices in Canary Islands, using the latest data we can verify.
As of 2026, the Canary Islands property market is expensive in the best coastal areas, but still has more affordable options in inland and local towns.
This guide explains average prices, price per square metre, neighborhood differences, extra buying costs, and what different budgets can buy.
And if you’re planning to buy a property in this place, you may want to download our pack covering the real estate market in Canary Islands.
Insights
- In 2026, Canary Islands housing prices look very different depending on the source, because official values are near €2,234/m² while portal asking prices are near €3,281/m².
- The realistic average housing price in Canary Islands in 2026 is about €255,000, but the median is lower at about €215,000.
- The Canary Islands property market in 2026 is not one single market, because Costa Adeje and Meloneras can cost two or three times more than inland commuter towns.
- A buyer with €200,000 to €350,000 can still find ordinary apartments in Canary Islands in 2026, but not usually in the best beachfront zones.
- Final sale prices in Canary Islands in 2026 are often around 8% to 12% below listing prices, but the discount is smaller in prime coastal areas.
- New-build homes in Canary Islands in 2026 usually cost around 20% more than similar resale homes, mainly because new supply is limited.
- Buying costs matter a lot in Canary Islands, because taxes, fees, and light work can easily add 10% to 15% to the headline purchase price.
- Luxury villas in Canary Islands in 2026 start around €850,000 in the main resort areas, and the best villas can go far above €2.5 million.
What is the average housing price in Canary Islands in 2026?
The median housing price in Canary Islands in 2026 is more useful than the average because luxury villas push the average up, while the median is closer to what a typical buyer actually sees.
We are writing this as of 2026, using the latest data collected from authoritative sources that we manually double checked.
The estimated median housing price in Canary Islands in 2026 is about €215,000, or $249,000, which is also €215,000 because the local currency is the euro.
The estimated average housing price in Canary Islands in 2026 is about €255,000, or $295,000, which is higher because expensive homes in Tenerife, Gran Canaria, Lanzarote, and Fuerteventura raise the average.
For 80% of residential properties in the Canary Islands market in 2026, a realistic price range is about €115,000 to €650,000, or $133,000 to $752,000.
A realistic entry range in Canary Islands in 2026 is about €95,000 to €170,000, or $110,000 to $197,000, which can buy an older 45 to 60 m² one-bedroom apartment in Vecindario or Puerto del Rosario.
A realistic price range for a typical luxury property in Canary Islands in 2026 is about €850,000 to more than €2,500,000, or $984,000 to more than $2,893,000, usually for a villa in Costa Adeje, Meloneras, Maspalomas, or Playa Blanca.
By the way, you will find much more detailed price ranges in our property pack covering the real estate market in Canary Islands.
Are Canary Islands property listing prices close to the actual sale price in 2026?
In Canary Islands in 2026, final sale prices are usually about 8% to 12% below listing prices, with 10% as a useful working estimate.
This happens because Idealista shows seller expectations, while ISTAC, MITMA, and Tinsa sit closer to valuation or completed-market levels.
The gap is smaller in Costa Adeje, Las Canteras, Meloneras, Corralejo, and Playa Blanca, but it can be larger for older inland homes or homes needing renovation.
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What is the price per sq m or per sq ft for properties in Canary Islands in 2026?
As of 2026, the median housing price in Canary Islands is about €2,250/m², or $2,604/m², which equals about €209/sq ft, or $242/sq ft.
The average housing price in Canary Islands in 2026 is about €2,450/m², or $2,835/m², which equals about €228/sq ft, or $264/sq ft.
The highest price per m² in Canary Islands in 2026 is usually found in small coastal apartments and premium villas, while the lowest price per m² is usually found in older inland homes because tourism demand is much weaker there.
The highest price per m² in Canary Islands in 2026 is usually in Costa Adeje at about €4,200 to €6,500/m², Meloneras and Maspalomas at about €3,800 to €5,800/m², and Las Canteras and Guanarteme at about €3,600 to €5,500/m².
The lowest price per m² is usually in Vecindario at about €1,300 to €1,900/m², Puerto del Rosario at about €1,500 to €2,300/m², and non-prime Arrecife at about €1,600 to €2,400/m².
How have property prices evolved in Canary Islands?
Compared with one year earlier, Canary Islands property prices in 2026 are about 10% to 14% higher, with +12% as a practical midpoint.
The main reasons are limited housing supply, strong coastal demand, and continued interest from mainland Spanish buyers and northern European buyers.
Compared with two years earlier, Canary Islands property prices in 2026 are likely about 20% to 27% higher in nominal terms.
This increase reflects two strong years of demand, especially in tourist areas, while construction has not added enough new homes to cool the market.
By the way, we’ve written a blog article detailing the latest updates on property price variations in Spain.
Finally, if you want to know whether now is a good time to buy a property there, you can check our pack covering everything there is to know about the housing market in Canary Islands.
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How do prices vary by housing type in Canary Islands in 2026?
In Canary Islands in 2026, apartments and flats make up about 52% of the market, houses and townhouses about 24%, villas and detached homes about 10%, new-build apartments about 7%, rural houses about 5%, and luxury homes about 2%.
As of 2026, a typical apartment in Canary Islands costs about €215,000, or $249,000, while a resort-style apartment costs about €285,000, or $330,000.
A townhouse costs about €330,000, or $382,000, a detached house about €430,000, or $498,000, a rural house about €360,000, or $417,000, and a villa about €950,000, or $1,100,000.
If you want to know more, you should read our dedicated analyses:
- How much should you pay for a house in Canary Islands?
- How much should you pay for an apartment in Canary Islands?
- How much should you pay for lands in Canary Islands?
How do property prices compare between existing and new homes in Canary Islands in 2026?
In Canary Islands in 2026, new-build homes usually cost about 15% to 25% more than similar existing homes, with 20% as a useful average premium.
This new-build premium exists because new homes are scarce, construction costs are higher, and many new projects include energy efficiency, parking, terraces, pools, or resort-style services.
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How do property prices vary by neighborhood in Canary Islands in 2026?
In Costa Adeje, Tenerife, buyers mostly find villas, resort apartments, and luxury condos, with typical prices from about €850,000 to €1,800,000, or $984,000 to $2,083,000.
Prices are high because south Tenerife has strong foreign demand, premium services, sea views, and strong holiday-rental appeal where rentals are legally allowed.
In Las Canteras and Guanarteme, Gran Canaria, buyers mostly find city apartments and renovated flats, with typical prices from about €300,000 to €650,000, or $347,000 to $752,000.
Prices are high because the area combines beach access, city life, restaurants, coworking, and year-round services.
In Corralejo, Fuerteventura, buyers mostly find apartments, townhouses, and villas, with typical prices from about €250,000 to €700,000, or $289,000 to $810,000.
Prices are supported by the expat community, beach lifestyle, surf and wind sports, and a lower entry point than prime Tenerife.
You will find a much more detailed analysis by areas in our property pack about Canary Islands. Meanwhile, here is a quick summary table we have made so you can understand how prices change across areas:
| Area in Canary Islands | Market label | Typical property price | Typical price per m² | Typical price per sq ft |
|---|---|---|---|---|
| Costa Adeje, Tenerife | Luxury and expat | €650k to €2.5m $752k to $2.89m |
€4,200 to €6,500/m² $4,861 to $7,522/m² |
€390 to €604/sq ft $452 to $699/sq ft |
| Los Cristianos, Tenerife | Popular and rental | €260k to €650k $301k to $752k |
€3,200 to €4,800/m² $3,703 to $5,555/m² |
€297 to €446/sq ft $344 to $516/sq ft |
| Puerto de la Cruz, Tenerife | Retiree and coastal | €190k to €480k $220k to $556k |
€2,500 to €3,700/m² $2,893 to $4,282/m² |
€232 to €344/sq ft $269 to $398/sq ft |
| La Laguna, Tenerife | Family and university | €160k to €390k $185k to $451k |
€1,900 to €2,900/m² $2,199 to $3,356/m² |
€177 to €269/sq ft $204 to $312/sq ft |
| Las Canteras and Guanarteme, Gran Canaria | City beach and expat | €300k to €900k $347k to $1.04m |
€3,600 to €5,500/m² $4,166 to $6,365/m² |
€334 to €511/sq ft $387 to $591/sq ft |
| Tafira and Santa Brígida, Gran Canaria | Family and villa | €350k to €950k $405k to $1.10m |
€2,400 to €3,500/m² $2,778 to $4,050/m² |
€223 to €325/sq ft $258 to $376/sq ft |
| Maspalomas and Meloneras, Gran Canaria | Resort and luxury | €450k to €1.8m $521k to $2.08m |
€3,800 to €5,800/m² $4,398 to $6,713/m² |
€353 to €539/sq ft $409 to $624/sq ft |
| Vecindario, Gran Canaria | Entry and commute | €100k to €260k $116k to $301k |
€1,300 to €1,900/m² $1,505 to $2,199/m² |
€121 to €177/sq ft $140 to $204/sq ft |
| Playa Blanca, Lanzarote | Premium and retiree | €280k to €1.2m $324k to $1.39m |
€3,000 to €5,200/m² $3,472 to $6,018/m² |
€279 to €483/sq ft $323 to $559/sq ft |
| Arrecife, Lanzarote | Local and value | €140k to €360k $162k to $417k |
€1,600 to €2,400/m² $1,852 to $2,778/m² |
€149 to €223/sq ft $172 to $258/sq ft |
| Corralejo, Fuerteventura | Expat and beach | €230k to €850k $266k to $984k |
€2,700 to €4,600/m² $3,125 to $5,323/m² |
€251 to €427/sq ft $290 to $494/sq ft |
| Puerto del Rosario, Fuerteventura | Entry and local | €120k to €320k $139k to $370k |
€1,500 to €2,300/m² $1,736 to $2,662/m² |
€139 to €214/sq ft $161 to $247/sq ft |
How much more do you pay for properties in Canary Islands when you include renovation work, taxes, and fees?
In Canary Islands in 2026, buyers should usually add 8% to 12% to the purchase price before renovation, and 15% to 35% if the property needs work.
If you buy a property around $200,000, that is about €173,000, and a realistic extra cost can be around €22,000 to €38,000, or $25,000 to $44,000.
This means the total cost can easily end up around €195,000 to €211,000, or $226,000 to $244,000, especially if light renovation is needed.
If you buy a property around $500,000, that is about €432,000, and the extra cost can be around €52,000 to €95,000, or $60,000 to $110,000.
This means the total cost can end up around €484,000 to €527,000, or $560,000 to $610,000, depending on the renovation level and legal fees.
If you buy a property around $1,000,000, that is about €864,000, and the extra cost can be around €104,000 to €173,000, or $120,000 to $200,000.
This means the total cost can end up around €968,000 to €1,037,000, or $1,120,000 to $1,200,000, especially for villas that need upgrades, furniture, or pool work.
By the way, we keep updated a blog article detailing the property taxes and fees to factor in the total buying cost in Spain.
Meanwhile, here is a detailed table of the additional expenses you may have to pay when buying a new property in Canary Islands
| Extra cost | Type | Estimated cost range in Canary Islands |
|---|---|---|
| ITP transfer tax on resale homes | Tax | Usually 6.5% of the purchase price. On a €300,000 resale home, this is about €19,500, or $22,600. This is one of the largest extra costs for resale buyers. |
| IGIC on new-build homes | Tax | Usually 7% of the purchase price. On a €300,000 new-build home, this is about €21,000, or $24,300. This applies instead of resale transfer tax. |
| AJD stamp duty on new-build homes | Tax | Usually about 0.75% to 1.0% of the purchase price. On a €300,000 new-build home, this is about €2,250 to €3,000, or $2,600 to $3,500. |
| Notary | Fee | Usually about €700 to €1,800, or $810 to $2,100. The amount depends on the purchase price and the paperwork involved. |
| Land registry | Fee | Usually about €400 to €1,200, or $460 to $1,400. This cost registers the new owner after completion. |
| Lawyer or conveyancer | Fee | Usually about 0.8% to 1.5% of the purchase price. A lawyer is especially useful for foreign buyers, older homes, coastal homes, and homes with rental plans. |
| Mortgage setup and valuation | Finance | Usually about 0.5% to 1.5% of the purchase price if the buyer uses financing. This can include valuation and bank-related costs. |
| Light renovation | Renovation | Usually about €300 to €600/m², or $350 to $695/m². This can cover painting, small repairs, basic kitchen work, and minor bathroom updates. |
| Full renovation | Renovation | Usually about €800 to €1,500/m², or $925 to $1,735/m². This can include plumbing, electricity, bathrooms, kitchen, flooring, and larger layout changes. |
| Furniture and equipment | Moving-in cost | Usually about €8,000 to €35,000, or $9,300 to $40,500. The final amount depends on the size of the home and whether the property will be rented out. |
We made this infographic to show you how property prices in Spain compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What properties can you buy in Canary Islands in 2026 with different budgets?
With $100,000, or about €86,000, there is not a deep mainstream market in Canary Islands in 2026, but a buyer may find an existing 35 to 45 m² studio in Puerto del Rosario, an older 35 to 45 m² apartment in inland Arrecife, or a small village house needing work inland in Gran Canaria or Tenerife.
With $200,000, or about €173,000, a buyer can look for an existing 50 to 60 m² one-bedroom apartment in Vecindario, an existing 60 to 75 m² two-bedroom apartment in Puerto del Rosario, or an older 55 to 70 m² apartment on the outskirts of La Laguna.
With $300,000, or about €259,000, a buyer can look for an existing 70 to 80 m² two-bedroom apartment in Puerto de la Cruz, an existing 65 to 80 m² apartment in Arrecife or non-prime Costa Teguise, or an existing 60 to 75 m² apartment in a non-prime district of Las Palmas.
With $500,000, or about €432,000, a buyer can look for an existing 75 to 90 m² coastal apartment in Los Cristianos, an existing 100 to 130 m² townhouse in Corralejo, or an existing 90 to 110 m² three-bedroom apartment near the edge of Guanarteme or Las Canteras.
With $1,000,000, or about €864,000, a buyer can look for an existing 180 to 230 m² villa in Playa Blanca, a premium 120 to 160 m² apartment or townhouse in Maspalomas or Meloneras, or an existing 160 to 220 m² villa or large duplex on the outskirts of Costa Adeje.
With $2,000,000, or about €1,728,000, there is a real luxury market in Canary Islands in 2026, mainly for a new or recent 250 to 350 m² villa in Costa Adeje, a large 250 to 400 m² villa in Meloneras or Maspalomas, or a renovated 220 to 320 m² high-end villa in Playa Blanca.
If you need a more detailed analysis, we have a blog article detailing what you can buy at different budget levels in Spain.
What sources have we used to write this blog article?
Whether it’s in our blog articles or the market analyses included in our property pack about Canary Islands, we always rely on the strongest methodology we can … and we don’t throw out numbers at random.
We also aim to be fully transparent, so below we’ve listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why this source is useful | How we used this source |
|---|---|---|
| ISTAC / Gobierno de Canarias | ISTAC is the official statistics body for the Canary Islands. | We used ISTAC as the main official benchmark for average appraised housing value in Canary Islands. We treated it as closer to real market value than asking prices. |
| Ministerio de Transportes y Movilidad Sostenible | This ministry publishes Spain’s national appraised housing value dataset. | We used it to cross-check the ISTAC figure. We also used it to compare Canary Islands housing values with Spain as a whole. |
| INE House Price Index | INE is Spain’s national statistics office, and its house price index is based on actual purchases. | We used INE to understand price growth in 2026. We also used it to compare new-build and resale momentum. |
| Colegio de Registradores | Spain’s registrars track completed and registered property transactions. | We used registry data as a sanity check on real market activity. We did not use it like a listing portal, because it reflects completed transactions. |
| Tinsa Canary Islands housing price data | Tinsa is one of Spain’s largest valuation companies. | We used Tinsa as an independent valuation benchmark. We used it to avoid relying only on official data or online asking prices. |
| Idealista Canary Islands price report | Idealista is one of Spain’s largest property portals. | We used Idealista to understand the prices buyers see when browsing listings. We did not treat Idealista as final sale prices. |
| Engel & Völkers Canary Islands prices | Engel & Völkers is a major international agency with strong exposure to premium property. | We used it to understand the expat and luxury side of the Canary Islands property market. We did not use it as a full-market average. |
| European Central Bank EUR/USD reference rate | The ECB is the official reference source for euro exchange rates. | We used the June 9, 2026 rate of €1 = $1.1573. We converted all euro figures into dollars with this rate. |
| Agencia Tributaria Canaria | The Canary Islands tax authority explains local tax rules and rates. | We used it to frame resale and new-build tax assumptions. We then rounded buyer-cost examples to make them easier to understand. |
| Consejo General del Notariado | Spain’s notaries are central to legal property completion. | We used notary information to estimate normal notary-related purchase costs. We kept the figures broad because the final bill depends on the property and documents. |
| Registradores de España | Registradores de España manages land registry processes in Spain. | We used it to understand registration costs and the role of the land registry. We separated this from registry market statistics to keep the method clear. |
| Banco de España | Banco de España is Spain’s central bank and a useful reference for mortgage and financing context. | We used it as background for mortgage-related buyer costs. We did not use it to estimate property prices directly. |
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