He price of housing for rent in Canary Islands has fallen by 0.5% in its monthly variation and 18% in its interannual variation, placing its price at 12.83 euros/m2 per month in August, a monthly decrease (-0.5%) that represents the first fall monthly in 2023, according to data from the Fotocasa Real Estate Index.
A total of 16 communities increase the interannual price in August. In six communities the double digits are exceeded and specifically in the Balearic Islands it rises by 22.1%. They are followed by the Canary Islands (18%), the Valencian Community (15%), Cantabria (12.9%), La Rioja (12.5%), the Basque Country (10.4%), Madrid (9.5%), Andalusia (7.8%), Catalonia (6.5%), Galicia (6.4%), Castilla y León (5.4%), Navarra (5.1%), Castilla-La Mancha (5%), Asturias (5%), Aragón (1.8%) and Region of Murcia (1.2%). On the other hand, the only community that presents a decrease compared to the previous year is Extremadura with -1%.
In August three communities exceed the maximum prices of the rent per square meter per month. The areas of Spain with the highest prices in the entire historical series are: Basque Country (€15.06/m2 per month), Asturias (€9.11/m2 per month) and La Rioja (€8.90/m2 per month). month).
As for the ranking of Autonomous Communities (DC.AA.) With the most expensive housing price to rent a home in Spain, in the first places are the Balearic Islands and Madrid, with prices of €17.01/m2 per month and €16.90/m2 per month, respectively. They are followed by six more communities with prices higher than €10.00/m2 per month and they are: Catalonia (€15.88/m2 per month), the Basque Country (€15.06/m2 per month), the Canary Islands (12 €.83/m2 per month), Cantabria (€12.39/m2 per month), Comunitat Valenciana (€11.40/m2 per month) and Navarra (€10.93/m2 per month).
In the two Canary Islands provinces, the year-on-year price of rental housing increases in August 2023, according to the Fotocasa Real Estate Index. The order of the provinces with the interannual increases is: The Palms (18.6%) and Santa Cruz de Tenerife (16.9%).
Regarding prices, the order of the provinces with the highest prices is: Las Palmas with €13.24/m2 per month and Santa Cruz de Tenerife with €12.18/m2 per month.
In both cities the price of rental homes has increased compared to the previous year. The order of the cities with the interannual increases is: Santa Cruz de Tenerife capital (18.6%) and The Gran Canarian palms (17%).
Regarding the price per square meter in August, the municipalities with the highest price are: Las Palmas de Gran Canaria (€13.55/m2 per month) and Santa Cruz de Tenerife capital (€11.37/m2 per month).