The average rent prices in the Canary Islands exceed 1,100 euros in the second quarter of the year, making it the fifth autonomous community with the most expensive rentals in Spain, according to the latest barometer from the Rental Observatory (Rey Juan Carlos University and Fundación Alquiler Seguro).
The pressure is greater in the province of Las Palmas (1,128 euros), where each offer has 141 interested parties.
Meanwhile, in the province of Santa Cruz de Tenerife, up to 114 people compete for each house, with the average price being 1,083 euros, informs Radio Club Tenerife.
In the sales sector, during the first quarter of the year, the price increase was 12.4% in the Archipelago compared to the same quarter of 2024.
Regarding protected housing, over 30,000 people remain registered in the demand registry, awaiting a home.
This has been confirmed by María Isabel Santana, the director of the Canary Islands Housing Institute, who emphasises that this is one of the largest social demands in the Archipelago.
In statements to the media, Santana has acknowledged that the current market “does not respond” to the needs of the citizens, and that rental has become a structural problem, with prices frequently exceeding 900 euros monthly in the capital islands.
The head of the Institute has insisted that the situation is particularly serious in tourist areas, where the pressure from holiday rentals has skyrocketed prices and makes access to decent housing even more difficult.
In response, the regional government is committed to expanding the public housing stock by building new protected homes, although Santana admits that the process is slow and does not resolve the immediate urgency.
