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canary islands foreign homebuyer residency rule

Canary Islands pushes for 10-year residency rule for foreign buyers

The Canary Islands government is finalising proposals to restrict property purchases by non-resident foreigners, demanding ten years of continuous residency or 15 if discontinuous. The measure, sent to Madrid after a wave of housing protests, could be approved before Spain’s 29 November elections, despite opposition from CC and PP in the regional parliament.

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