Tenerife

Canary Islands seeks EU review on restricting property sales to foreigners

The Canary Islands Minister of Public Works, Transport and Housing, Pablo Rodríguez, announced on Tuesday that his government has tasked the Canary Islands office in Brussels with preparing a "work agenda" to explore the feasibility of restricting property purchases by foreigners within the European
port of the cross

What to see in Puerto de la Cruz: history and nature in Tenerife

Puerto de la Cruz, situated in the north of Tenerife, is one of the most enchanting tourist destinations on the island and across the Canary Islands. This picturesque haven offers a distinctive blend of history, culture and natural beauty, making it the perfect place to explore during your holiday.
Formentera

Visit Spain's lesser-known islands

When you think of Spanish islands, the popular Canary and Balearic favourites spring to mind; Tenerife, Lanzarote, Mallorca, Menorca and others traditionally attract tourists and expats from around the world to enjoy their beautiful coastline and nightlife.
Garachico, Tenerife

The 10 best towns and villages to visit in Tenerife

Within a small territory, the island of Tenerife has a wide variety of landscapes and temperatures, making it ideal for many during summer, as it offers a wide range of activities and options. Both the island's south and north, with their very different climates and vegetation, are worth visiting f
Sea view property Spain

Properties for sale on Spain's coast: from €38,000 to €3 million

The Balearic Islands top the price ranking with dream properties from €3 million. Murcia is the most affordable region for home buyers on the Spanish coast, from €38,000, followed by Almeria starting at €65,000, according to the latest report from the consulting firm Activum.
Tenerife

"The islands and Madrid to lead economic growth this year," BBVA Research

The financial institution's research service has revised upward the growth estimates in 2024 in all the autonomous communities, except in the Basque Country, which remains stable. According to BBVA Research, seven regions will grow above what is estimated for the country as a whole (2.5%), with the Balearic Islands, the Canary Islands and Madrid, followed by Navarra, Aragon, Castile and Leon and Catalonia.
Spanish house prices

Spanish house prices to rise in summer affecting the coast, islands and province capitals

Property transactions tend to rise during summer, according to the experts consulted, which is why a slight increase in prices is also predicted. Prices have generally increased so far this year, but only moderately, by between 1% and 2%, a figure lower than inflation, which is expected to remain above 3%. According to Alfa Inmobiliaria, new builds could experience a greater increase in price due to their scarcity and more modern construction standards, which justify a higher price.
Limiting or prohibiting the sale of homes to foreigners: pros, cons and possible consequences

Limiting or banning selling homes to foreigners: pros, cons and possible consequences

The Canary Islands Government is considering requesting a restriction on the purchase of homes by foreign capital on the islands. This is the result of the demographic saturation in tourist areas and the lack of housing stock for Canary Islanders. There are other EU areas that have these limitations, but their regulation is prior to joining the European Union. Is this measure feasible in Spain? What does the legislation say? What consequences could this measure have for the real estate sector?
Lanzarote

Living on Lanzarote: advantages, cost of living and why choose it

The island of Lanzarote emerges from the Atlantic Ocean as a unique enclave, a land of contrasts where volcanic nature combines with serene beaches and an excellent climate. Deciding to live on Lanzarote is opting for a particular lifestyle, in which the environment's calm and beauty play a leading role.
Canary Islands

Spain records best first quarter with 16.1 million tourists until March

Spain received more than 16.1 million international tourists in the first quarter of the year, which is 17.7% more than the same period in 2023, according to National Institute of Statistics (INE) data. Tourists spent €21.948 billion between January and March, 27.2% more, ending the first quarter of the year as a "historic" period for tourism, according to the government. Specifically, each tourist spent an average of €1,363 in March during a stay of an average of 7.6 days. The Canary Islands accounted for 26.7% of the total until March, where the British, Germans and French stood out.
Fuerteventura

The Canaries reopen the debate on mass tourism with record visitors

More than 57,200 people attended last Saturday's protests in the islands against the tourism model under the slogan ‘Canarias tiene un límite’ (‘The Canary Islands have a limit’). According to data from the Government Delegation in the Canary Islands provided to the Europa Press agency, the largest
Promotion of Aedas Homes

Aedas: "Tenerife new on-trend residential destination for foreigners"

The developer sold more than 600 homes to international clients last year, 13% more than the year before. Although the Costa del Sol and Levante are the most in-demand areas with the most transactions, Aedas assures that Tenerife South has made its way as a new on-trend residential destination for foreign buyers, after capturing 6.4% of its operations. It is the fifth most prominent location, behind Malaga, Alicante, Valencia and Madrid.
A stretch of Canary Islands shoreline

The Canaries and the Balearics, the happiest best-valued regions to buy

When buying a home, many factors are considered before deciding on a location, but generally quality of life and weather conditions are valued. In this sense, the Canary Islands would be the best-valued in Spain, followed by the Balearic Islands, according to the Spain Happy Index, prepared by Sonneil, the Spanish technology marketer specialising in second-hand home sales.
Archive - Hotel RIU Oliva Beach, in Corralejo (Fuerteventura)

Riu attacks government for ordering Fuerteventura hotel demolition

The Mallorcan hotel lashes out against the Ministry of Ecological Transition for deciding to expire the Oliva Beach hotel's concession in Fuerteventura to occupy and use of a public maritime-terrestrial domain and order its demolition. The company states it is an "arbitrary and unjustified" action and confirms it will defend its legitimate rights against what it considers "a hostile strategy by this central government department." It also warns of the potential economic and social damage that the closure would cause for the island, affirming that it has the support of local social agents.