The Bank of Spain has found that properties entering the rental market for the first time command rents 16.6% higher than existing ones, fuelling price growth. The Canary Islands, with 55 consecutive months of increases, now ranks fifth among Spain’s most expensive regions for renting.
Canary Islands rents continue upward spiral as Bank of Spain sounds alarm Read More »
Property prices in the Canary Islands continue to rise sharply, with Santa Cruz de Tenerife now the most expensive province for buyers in the archipelago. The latest figures show both provinces are closing in on the national average, with prices up by as much as 15.7% year-on-year.
Canary Islands property prices surge as demand outstrips supply Read More »
A Tenerife offroad community is fighting to keep two historic routes in Teide National Park open. The group argues that regulated use can aid fire prevention and conservation, and is meeting island officials to discuss the issue.
Offroad group fights to keep historic Teide routes open Read More »
The company at the heart of one of the Canary Islands’ biggest corruption scandals has revealed a negative net worth of €109.4 million. Inversiones Las Teresitas owes €64.3 million to the tax agency and €80.6 million in civil liability to Santa Cruz de Tenerife Council. The firm, which entered bankruptcy proceedings in 2019, continues to grapple with the fallout from the landmark Las Teresitas case.
Las Teresitas scandal: company records €109m deficit Read More »
The price of housing in the Canary Islands continues to climb, with new-build properties rising 12% and second-hand homes up 10.6% in the first quarter of 2026, according to new data from the Canary Islands Institute of Statistics (Istac). The figures show the archipelago is experiencing a sharper price increase than the national average for new homes. Find out how each region compares.
Canary Islands housing prices surge 12% in first quarter of 2026 Read More »
The Canary Islands attracted a record €329 million in foreign investment in 2025, double the previous year’s figure. Hotel transactions and tourism-related activity drove the surge, with the archipelago accounting for 24% of all Spanish hotel investment. The first quarter of 2026 also saw strong figures, though distorted by the Baleària-Armas shipping deal.
Foreign investment in Canary Islands surges in 2025 Read More »
The Cabildo de Tenerife has invested £3.5 million to transform the Malpaso transfer plant in Arona into a full logistics hub. The project includes a new bulky waste treatment area, a clean point, and a pioneering service area for caravans to empty tanks and access drinking water.
£3.5m transformation for Tenerife’s Malpaso waste plant Read More »
New figures from the Notaries’ Statistical Information Centre reveal that property sales in the Canary Islands dropped 7.5% in April compared to the same month last year, with 2,095 transactions completed. Meanwhile, the average price per square metre climbed 9.3% to €2,418, reflecting ongoing upward pressure on housing costs across the archipelago.
Canary Islands property sales drop 7.5% in April as prices rise Read More »
News anchor Vicente Vallés has revealed his secret refuge in Tenerife. In an interview, he says the coastal village of Abades is where he plans to retire when he leaves Atresmedia. He has already bought a home there.
Vicente Vallés reveals his secret retirement haven in Tenerife Read More »
A meeting to present the draft of Anaga’s Sustainable Mobility Strategy turned heated as residents challenged whether investment is reaching those who live there. The councillor for the Natural Environment defended the record, citing 17 million euros in spending, but locals demanded to see more tangible benefits.
Anaga residents clash with council over sustainability Read More »
