Lanzarote has recorded the strongest growth in residential mortgage signings in the Canary Islands so far this year.
According to new figures published by the Canary Islands Institute of Statistics (ISTAC), 591 residential mortgages were registered in Lanzarote between January and April 2026, compared with 365 during the same period in 2025. The increase of 61.9% is the largest among the major islands.
Across the Canary Islands, 5,532 residential mortgages were signed during the first four months of 2026. Gran Canaria and Tenerife accounted for more than 80% of the total, with 2,279 and 2,161 mortgages respectively. Gran Canaria recorded a 9.7% increase compared with the same period last year, while Tenerife saw a 14.1% decline.
Fuerteventura experienced the biggest fall in mortgage activity, dropping from 706 mortgages in the first four months of 2025 to 394 this year – a decrease of 44.2%.
Among the smaller islands, La Palma registered a decline from 88 to 76 mortgages (-13.6%), while La Gomera fell from 18 to 15 (-16.7%). El Hierro, although recording much lower overall numbers, posted the largest percentage increase in the archipelago, rising from nine to 16 mortgages, an increase of 77.8%.
The ISTAC figures come from its new Mortgage Statistics, which provides monthly mortgage data for each island using official information from the National Statistics Institute (INE) and administrative records.
In terms of the total value of mortgages granted during April 2026, Tenerife led with €95.4 million, followed by Gran Canaria (€71.9 million), Fuerteventura (€12.8 million), Lanzarote (€12.4 million), La Palma (€4.1 million), and La Gomera (€765,000). No new mortgage data was available for El Hierro for May.
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