The cost of leasing on the islands has experienced an increase of 3.68% compared to the same period last year. This rise places the Canary Islands only behind the Balearic Islands, Catalonia, Madrid, and the Basque Country in terms of high prices.
By province, Las Palmas records an average rent of 1,176 euros, while in Santa Cruz de Tenerife the figure stands at 1,131 euros. Both provinces have shown an upward trend in recent months, consolidating pressure on the local real estate market.
Although forecasts point to an increase in the housing stock under development, which will rise from 33,356 to 34,166 properties across the archipelago, supply remains insufficient to meet demand. The Rental Observatory highlights that the regional average is 120 interested parties for every advertised property.
Competition to access a property is particularly intense in Las Palmas, where there are 123 interested parties per property. In Santa Cruz de Tenerife, the figure reaches 116 contacts in the first ten days of listing, reflecting a significant increase compared to the data recorded at the end of 2025.
