Statistics published by the Ministry of Housing and Urban Agenda reveal a marked divergence between the Canary Islands' provinces. In Las Palmas, the quarterly increase reached 30.4%, while the province of Santa Cruz de Tenerife recorded a 5.6% drop.
Year-on-year, land prices in the archipelago rose by 8.9% compared to the first quarter of 2025. However, this general trend masks significant provincial differences. The province of Las Palmas saw a 1.3% reduction over the past year, with an average price of 327.3 euros per square meter. Conversely, Santa Cruz de Tenerife experienced a 26% year-on-year growth, reaching 234.7 euros per square meter.
In cities with over 50,000 inhabitants, the average price per square meter of urban land stood at 321 euros, a 6.3% increase from the previous quarter. However, this represents a 10.5% decrease compared to the same period last year. Cities in Las Palmas within this category registered average prices of 400.2 euros per square meter, considerably higher than the 232.6 euros in similarly sized urban areas in Santa Cruz de Tenerife.
Regarding the number of land transactions in the archipelago during the first three months of the year, 218 operations were recorded. This figure represents a 5.6% decrease compared to the previous quarter but a 45.3% increase compared to the same period the previous year.
Broken down by province, Las Palmas saw 112 transactions, 13.2% less than the previous quarter, though 55.6% more than the previous year. In Santa Cruz de Tenerife, land transactions totaled 106, a 3.6% increase from the previous quarter and 35.9% higher than the first quarter of the prior year.
