- The Canary Islands have more than 2,800 housing units under development.
- Currently, a 122 square metre house costs an average of €299,710.
- Gran Canaria accounts for almost 80% of all new-build housing on the islands.
Currently, more than 2,820 new-build homes in the Canary Islands with an average price of 299.710€ for 122 square metres.
Promoters such as Metrovacesa and Habitat Inmobiliaria are putting the spotlight on the islands. At the moment, Metrovacesa is building seven developments (of about 500 dwellings) and Habitat Inmobiliaria four more (almost 400 homes). For its part, Avantespacia plans to develop 240 new homes, Sol Canario 175 homes and Construcciones Acosta Matos 143 homes.
Source: Activum.co.uk a 01/2022. The ranking is based on developments advertised on real estate portals and on the websites of the developers studied.
Gran Canaria: the favourite island for developers
Gran Canariawhich accounts for 80% of the current new-build supply, is the star destination for investment in new housing developments: 2,110 homes are marketed on this island with a total of 44 developments.
