Canary Islands mortgage market shows uneven growth across islands

ISTAC publishes the first detailed monthly data on mortgage constitution in the archipelago during 2026.

Generic image of financial documents and coins on an office desk.
IA

Generic image of financial documents and coins on an office desk.

Between January and April 2026, the Canary Islands formalized 5,532 housing mortgages, according to the new ISTAC statistics that allow for detailed monthly tracking by island.

The report reveals an uneven trend in the sector. While Gran Canaria has experienced a 9.7% growth in the number of mortgage loans, Tenerife has recorded a 14.1% decline compared to the same period last year.
Regionally, Lanzarote stands out as the island with the most momentum, recording a 61.9% increase. Conversely, Fuerteventura shows the sharpest decline, with a 44.2% drop in the volume of mortgages constituted compared to the first four months of 2025.
Regarding the economic value of the operations, Tenerife led the total amount in April 2026 with 95.3 million euros, followed by Gran Canaria with 71.8 million. The other islands maintain lower figures, with Fuerteventura at 12.8 million and Lanzarote at 12.4 million.
This new statistical tool from the Government of the Canary Islands integrates information from the National Statistics Institute and administrative records, allowing for the first time a comparison of the historical evolution of mortgages, cancellations, and modifications on each island.
Based on information from the official source: ISTAC — Instituto Canario de Estadística (07/07/2026)