Home sales in the Canary Islands saw a 2% decrease in May, according to data published by the National Statistics Institute (INE). Nationally, the drop was 7.3%, with 56,462 transactions, marking the fifth consecutive month of year-on-year declines.
This adjustment brings the year-to-date decrease to 3.4%. The market is experiencing a context of growing demand and limited supply, which is pushing prices upwards.
Both new and used home transactions decreased in May. Used home transactions, which constitute 78.9% of the total, fell by 7.6% to 44,574 units. New homes saw a 6% drop, with 11,888 operations.
The majority of operations involved free housing (almost 94%), totaling 52,831 units, a 7.2% decrease compared to May of the previous year. Sales of protected housing fell by 8.2%, to 3,631 units, representing 6.4% of the total.
Compared to the previous month, April, housing transactions showed a 6% increase month-on-month, with rises across all housing categories, both free and protected, and by property age.
In the cumulative total for the first five months of the year, the balance of home sales is negative, at -3.4%. After an 11.5% growth in 2025, the start of 2026 has been characterized by successive monthly declines.
In May, home sales decreased in fifteen autonomous communities compared to the same month last year, with double-digit drops in nine of them, such as Cantabria (–28.6%) and Murcia (–19.1%). The only regions with increases were Extremadura (2.6%) and Andalusia (2.2%).
