The availability of houses for sale in the province of Las Palmas, which includes Lanzarote, Fuerteventura and Gran Canaria, has decreased by 7% between April and June 2026 compared to the same period in 2025, according to idealista.
The real estate market in Lanzarote and the rest of the province of Las Palmas continues to give no respite to buyers. The supply of homes for sale has reduced by 7% during the second quarter of 2026 compared to the same period last year, according to a study by the real estate portal idealista.
This decline coincides with the national average, which also recorded a 7% drop in the number of available houses. However, while the trend in the province of Las Palmas is downward, in the neighbouring province of Santa Cruz de Tenerife the supply has increased by 1%, making it one of the only three Spanish provinces where stock is growing, alongside Madrid (16%) and Valencia (2%).
Las Palmas, going against the grain of major capitals
The idealista report reveals that only nine provincial capitals have seen an increase in their housing supply. Among them, Santa Cruz de Tenerife stands out, with a rise of 9%, while Las Palmas de Gran Canaria does not appear on that list, suggesting that the Gran Canarian capital is also experiencing a contraction. In the rest of the capitals, the supply has decreased, with particularly sharp declines in Palencia (-40%), Ourense (-36%) and Zamora (-35%).
“The lack of homes for sale continues to be the main problem in the market in the Canary Islands,” say sources from the real estate sector consulted. “Despite announcements of new developments, the reality is that the available stock keeps dwindling.”
For buyers in Lanzarote, this reduction in supply translates to fewer options and rising prices. The scarcity particularly affects municipalities such as Tías, Yaiza and Arrecife, where tourist and residential demand remains very active.
Contrast with the rest of the country
While in the province of Las Palmas the supply is falling, in Madrid the number of homes for sale has grown by 16% at the provincial level and 23% in the capital. Valencia and Barcelona also register increases in their capitals (21% and 9% respectively). However, in Bilbao the supply has decreased by 10% and in Palma de Mallorca by 3%, demonstrating that the general trend in the most pressured areas is reduction.
In the Canary archipelago, the behaviour is mixed: while Santa Cruz de Tenerife experiences a slight uptick, the eastern province continues to lose stock. This poses a challenge for local administrations, which have been announcing plans for public housing construction for months without yet translating into an increase in available supply.
According to idealista's data, the provinces with the largest drops in supply are Palencia (-32%), Zamora (-29%) and Salamanca (-24%). On the opposite side, only three provinces register increases: Madrid, Valencia and Santa Cruz de Tenerife. The province of Las Palmas is in the majority group, with a decrease of 7%.
What to expect for the next quarter?
Consulted experts point out that the trend will not change in the short term. Demand continues to far exceed supply, especially in tourist areas like Lanzarote. Unless urban planning processes are expedited and promotions increased, scarcity will continue to push prices upwards.
For those looking to buy on the island, the recommendation is to keep an eye on new promotions that may arise in municipalities like San Bartolomé or Teguise, where there is still a bit more land available. Patience and quick decision-making will be key in a market where homes are lasting less and less time for sale.
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