The landscape of holiday rentals has transformed significantly over the past decade, with platforms like Airbnb and Vrbo revolutionizing the market. However, alongside this growth, issues related to illegal holiday rentals have surfaced, prompting authorities to take action. Recently, the Ministry of Social Rights and Consumer Affairs announced an investigation into the online advertising of unlicensed...
If you're considering real estate investment, you've probably heard of Tenerife. As the largest of the Canary Islands, Tenerife has long been a reliable destination for property investment, offering stability and growth potential. As we approach 2024, the Tenerife real estate market shows resilience and promise for both investors and buyers. In this blog post, we'll delve into the economic climate, market...
ย The new Law for the Right to Housing that recently came into effect in Spain marks a significant shift in the regulation of rental commissions and fees charged by real estate agencies. This law explicitly prohibits charging these fees to tenants, which was a common practice in many regions, where tenants were typically required to pay a monthly fee plus VAT to the agencies. While most agencies have...
Introduction: Lanzarote has initiated the process of officially designating the island as "touristically saturated." This designation will significantly impact the real estate market in Tenerife as well. It is worth examining how this will affect property prices, the availability of properties for sale, and the rental apartment market. Under the "touristically saturated" status of Lanzarote, there will...
In recent years, the Canary Islands have become a top tourist destination, attracting millions of visitors every year. The archipelago, located in the Atlantic Ocean, boasts a warm climate, beautiful beaches, stunning landscapes, and a rich culture and history. As a result of its popularity, the local tourism industry has seen a significant boost in recent years, with private holiday homes registering...
Tenerife is a popular destination for tourists, and the southern part of the island is no exception. With its warm climate, beautiful beaches, and diverse range of activities and attractions, it's no wonder that many people choose to invest in real estate in this area. 1, Research the market: Understand the current real estate market conditions in South Tenerife, including prices, rental demand, and...
Property sales in the Canary Islands saw a significant increase of 18% in October compared to the same month in 2021, according to data published by the College of Property Registrars. This increase is higher than the national average, which saw a 9.7% increase in property sales in October. Additionally, mortgages on homes in the Canary Islands also saw a 13% increase year-on-year. In terms of...
The number of foreigners buying apartments in the Canary Islands increased significantly in the first six months of 2022, reaching an unprecedented record number. Are you looking for a new vacation home in the sun? Look no further than the Canary Islands! According to recent data from the General Council of Notaries and the National Institute of Statistics, foreign buyers, both residents and...