The price of second-hand housing in Canary Islands closed 2021 with a 0.9% annual increase and places the December price at 1,782 euros per square meter, according to data from the report from Second-hand housing in 2021 made from of Fotocasa Real Estate Index. Thus, the annual increase in 2021 (0.9%) is the first registered after the annual decrease in 2020 (-0.4%).
The cost of used housing falls in the two provincial capitals with annual variation in 2021. The most notable drop occurs in Santa Cruz of Tenerife capital with -2.5%, followed by The Gran Canarian palms with -2%.
Regarding the price, Las Palmas de Gran Canaria is the most expensive municipality with 2,089 euros / m², followed by Santa Cruz de Tenerife capital (1,590 euros / m²).
The price of second-hand housing fell in 14 of the 26 municipalities studied with annual variation in 2021. The most notable falls occurred in San Bartolomé de Tirajana, which increased by 14.6%, followed by Santiago del Teide (13 , 2%) and Icod de los Vinos (-7.4%). Regarding the increases at the end of 2021, the most notable increases were in Guía de Isora (25.3%) and San Miguel de Abona (12.7%).
Regarding the price, Mogán is the most expensive municipality with 2,673 euros / m². They are followed by Adeje (2,605 euros / m²), Guía de Isora (2,509 euros / m²), San Bartolomé de Tirajana (2,330 euros / m²), Arona (2,249 euros / m²), Candelaria (2,097 euros / m²), Las Palmas de Gran Canaria (2,089 euros / m²), San Miguel de Abona (2,049 euros / m²), Puerto de la Cruz (1,999 euros / m²) and Santiago del Teide (1,988 euros / m²). On the other hand, the municipality with the cheapest house price is Icod de los Vinos with 965 euros per square meter.
As for Las Palmas de Gran Canaria, Four of the five districts of the city do not exceed the average price of housing at the national level, established at the end of the year at 1,907 euros / m². The difference between this average price and the most expensive in Las Palmas de Gran Canaria occurs in the Isleta – Puerto – Guanarteme district, which is 46% higher than the national average, and stands at 2,783 euros / m².
The negative annual variations range from -4% in Centro to -2.4% in Tamaraceite – San Lorenzo – Tenoya. Regarding the districts with annual increases, Vegueta – Southern Cone – Tafira has risen 0.5%.
At the end of 2021, the Isleta – Puerto – Guanarteme district was the most expensive with 2,783 euros / m². They are followed by Centro (2,156 euros / m²), Ciudad Alta (1,837 euros / m²), Tamaraceite – San Lorenzo – Tenoya (1,343 euros / m²) and Vegueta – Southern Cone – Tafira (1,201 euros / m²).
The average price of second-hand housing in Spain has fluctuated throughout 2021 until reaching 1,907 euros / m² in December and returns to figures from November 2012.
At the end of 2021, La Rioja is the community that increases the price the most (5.4%), followed by Andalusia (3.9%), Balearic Islands (3.4%), Aragon (3.3%), Catalonia (2.6%), Galicia (2.5%), Madrid (2.1%), Cantabria (1.9%), Castilla y León (0.9%), Canary Islands (0.9%) and Comunitat Valenciana (0.8%). In 2017 and 2018 in the Balearic Islands the increases exceeded two digits (15.1% and 10.4%); in 2019 the annual increase did not exceed 1% (it barely reached 0.3%); and in 2020 and 2021 the maximum increases exceeded 5% annual variation.
At the other extreme, six autonomous communities close the year with negative annual rates. However, they are slight drops compared to those recorded years ago. In fact, we have left behind the double-digit falls that reigned at the end of 2012 and 2013. In this sense, the falls range from -0.3% in the Basque Country to -4.9% in Navarra.
Thus, Madrid, which has exceeded 3,000 euros / m² since 2010, ranks first in the ranking of the most expensive with 3,123 euros / m². It is followed by the Balearic Islands with an average price in December 2021 of 2,890 euros / m², the Basque Country with an average price of 2,882 euros / m² and Catalonia with an average price of 2,544 euros / m², as the four communities that lead the ranking with the highest prices since 2014.
Although the aforementioned prices are higher than the national average of 1,907 euros / m², not all of them exceed said average to the same extent. Madrid exceeds the national average by 64%, the Balearic Islands by 52%, the Basque Country by 51% and Catalonia by 33%.
At the end of 2021 (and like the last six years), four of the 17 autonomous communities exceeded the average price of second-hand housing of 2,000 euros / m², when in 2005, there were 14; in 2010 there were ten and in 2015 there were only three communities that exceeded this figure.