Property Prices by Municipals - Canary Islands

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Property Prices by Municipals
Canary Islands
2012
2012
Property Prices by Municipals - Canary Islands
Canary Islands
Since 2005, when Fotocasa.es began producing these detailed reports on resale property in Spain,
526,770 real-estate offers have been advertised from the Canary Islands. Throughout the whole
of 2012, a total of 109,318 properties have been promoted with Fotocasa.es - 9,048 for the month
of December.
For this study, Fotocasa.es has analysed data for 16 municipals on the Canary Islands.
Between December 2011 and the same month in 2012, all municipals recorded a decrease in the
value of their resale or second-hand property. The municipal of Adeje on Tenerife registered the
smallest decline in property values in the last year at -3.0%. At the bottom end of the scale, Accerife
registered the greatest drop in property value at -18.7%. Out of the 16 municipals, 6 of them have
recorded real-estate decreases of two-digit figures.
All municipals within the Canary Islands have registered average resale property values that fall
below the national average of 1,891 euro/sq m for quite a while, and the situation has not changed
in this respect. Precisely, property prices in the municipal of Las Palmas de Gran Canaria are
closest in value to the national average at 1,770 euro/sq m. At the bottom end of the scale Santa
Lucía de Tirajana is once again the municipal with the lowest average prices for resale properties
- 1,060/euro sq m at the end of December 2012.
Table 1. Canary Islands. Property prices by municipals en December 2012 (euro/sq m)
2.000
1.740
1.752
1.748
1.746
1.656
1.589
1.500
1.498
1.475
1.440
1.426
1.000
500
Tenerife
Tenerife
01/01
Las Palmas
Tenerife
Las Palmas
Tenerife
Arucas
San Cristóbal
de la Laguna
Telde
Arona
Tenerife
Santa Bartolome
de Tirajana
Santa Cruz
de Tenerife
Tenerife
Adeje
Candelaria
Las Palmas
El Rosario
Las Palmas
de Gran Canaria
0
Las Palmas