Significant Decline in Housing Sales on the Canary Islands in March

Significant Decline in Housing Sales on the Canary Islands in March

According to the latest data published yesterday by the General Council of Notaries (Consejo General del Notariado), the situation with the sale of residential properties in Spain in general and the Canary Islands in particular underwent significant changes in March.

This is partly due to the fact that during the first quarter, the number of such properties available for sale in the Canary Islands decreased significantly, leading to a drop in the number of properties sold in March (year-on-year) by a substantial 17.3%, with a total of 2,616 transactions. The average price per square meter was 1,931 euros. The increasing demand for car rental services in the region has also been noted.

Across the kingdom, residential property sales fell by 11.7% in March, amounting to 63,661 transactions, with an average price per square meter of 1,580 euros, which is 13.6% higher than the previous year. The number of mortgages issued for home purchases, however, declined by 26.4%.

Recently Ordered

See All
VW T-Roc Cabrio (Manual, 1.5 L, 4 Seats)

VW T-Roc Cabrio

Manual, 1.5 L, 4 Seats

Dacia Lodgy (Manual, 1.6 L, 7 Seats)

Dacia Lodgy

Manual, 1.6 L, 7 Seats

BMW 4-Series M440i (Automatic, 3.0 L, 4 Seats)

BMW 4-Series M440i

Automatic, 3.0 L, 4 Seats

Renault Trafic (Manual, 2.0 L, 2 Seats)

Renault Trafic

Manual, 2.0 L, 2 Seats

Skoda Kodiaq (Automatic, 2.0 L, 7 Seats)

Skoda Kodiaq

Automatic, 2.0 L, 7 Seats

Mazda CX-30 (Automatic, 2.0 L, 5 Seats)

Mazda CX-30

Automatic, 2.0 L, 5 Seats

VW Tiguan (Manual, 2.0  L, 5 Seats)

VW Tiguan

Manual, 2.0 L, 5 Seats

Renault Grand Scenic (Manual, 1.3 L, 7 Seats)

Renault Grand Scenic

Manual, 1.3 L, 7 Seats

BMW X5 (Automatic, 3.0 L, 5 Seats)

BMW X5

Automatic, 3.0 L, 5 Seats

Renault Megane E-Tech Electric (Automatic, 100 kWt, 5 Seats)

Renault Megane E-Tech Electric

Automatic, 100 kWt, 5 Seats

Mercedes-Benz CLA-Class (Automatic, 2.0 L, 5 Seats)

Mercedes-Benz CLA-Class

Automatic, 2.0 L, 5 Seats

Fiat Qubo Family (Manual, 1.4 L, 5 Seats)

Fiat Qubo Family

Manual, 1.4 L, 5 Seats

Renault Arkana (Automatic, 1.3 L, 5 Seats)

Renault Arkana

Automatic, 1.3 L, 5 Seats

Mercedes-Benz G-Class G500 (Automatic, 4.0 L, 5 Seats)

Mercedes-Benz G-Class G500

Automatic, 4.0 L, 5 Seats

Mercedes-Benz Vito (Automatic, 2.0 L, 9 Seats)

Mercedes-Benz Vito

Automatic, 2.0 L, 9 Seats

BMW M5 Competition (Automatic, 4.4 L, 5 Seats)

BMW M5 Competition

Automatic, 4.4 L, 5 Seats