Nationally, the real estate market recorded its fourth consecutive drop, with an 1.8% year-on-year decrease in April. This trend places the number of transactions at its lowest point since December 2024. Housing transactions have accumulated a 2.4% decline so far this year, amidst a context of growing demand and limited supply that is pushing prices up.
In contrast, data published by the Ministry of Housing indicates that in the Canary Islands, there are over 30,000 new unsold homes, primarily in the province of Santa Cruz de Tenerife. It is also estimated that around 200,000 homes remain vacant in the archipelago.
At the state level, new home sales were the only category to increase in April, with a modest 0.6%. Used home transactions, which account for over 78% of the total, decreased by 2.4% to 41,783 operations. The majority of transactions, nearly 94%, were for free-market housing, with a slight 1% drop.
Sales of protected housing experienced the most significant fall, down 12.3%, representing 6.2% of the total. Compared to the previous month, March, total housing transactions fell by 13.1% month-on-month, with double-digit declines across all categories.
In the cumulative figures for the first four months of the year, the balance of housing sales is negative (-2.4%). After an 11.5% growth in 2025, the start of 2026 has been marked by successive declines. The largest accumulated decreases are observed in new homes (-4%), compared to a 1.9% drop in second-hand properties.
The decline in housing sales affected seven autonomous communities in April, with notable decreases in Navarra and Madrid. Conversely, transactions increased in ten communities, with Cantabria standing out with a 22.5% rise.
