The start of 2025 has been historic in numbers: the number of property sales has exceeded 181,000 transactions in just three months, the highest figure since 2007.
The main challenge is not demand: it’s supply.
The professionals in our network agree on a clear diagnosis: there are many buyers—individuals, investors, both national and international, residents and non-residents, families, young people. There is demand, and there is a lack of housing to meet it across almost all of Spain.
Our study shows that more than 92.9% of advisors state that the available stock is insufficient. As a result, prices continue to rise.
The Canary Islands are an example of extreme pressure. In just the first quarter, housing prices in the Canaries have risen by 12.8%, with no decrease in demand. In this context, selling times are shortening, competition is intensifying, and negotiation has virtually disappeared.
Foreign investment remains strong. British, German, Dutch, and French buyers continue to invest in our country, especially in coastal areas and major cities. A source of wealth, yes, but also a factor that increases pressure on a market lacking sufficient structural supply.
Record figures also in mortgage signings. The average interest rate has continued to drop, settling around 3%, and the Euribor shows a clear downward trend. In the Canary Islands, it already represents 36.5% of the average salary.
At ERA, we are clear: we need to unlock land, speed up permits, provide legal certainty, and foster real collaboration between public administrations and the private sector. Only by building more and faster can we meet housing needs.
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