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canary islands holiday rental law changes ascav criticism

Holiday Rental Association Slams Canary Islands Government Over Law Changes

The Canary Islands Holiday Rental Association (Ascav) has launched a fierce criticism of the regional government, accusing it of using a planning bill to sneak through severe new regulations for the sector. The association warns the proposed amendments could unfairly penalise landlords and affect non-tourist short-term lets. Read the full details of the contentious legal changes.

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canary islands economic diversification strategy proexca

Canaries Forge Ahead with Strategic Economic Diversification

The Canary Islands government is intensifying efforts to diversify the archipelago’s economy through strategic sectors including audiovisual, technology, aerospace, and the blue economy. Public agency Proexca is leading the charge to integrate the islands into global value chains, leveraging competitive tax incentives and a unique geographical position. Read the full article for details on the internationalisation plans and key industry events.

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canary islands 29 million crisis package war impact

Canary Islands Approve €29.8m Crisis Package Amid War Impact

The Canary Islands Government has approved a €29.8 million economic support package to shield residents and businesses from the fallout of the Middle East conflict. The measures include fuel tax cuts, zero-rated VAT on basic goods, and direct aid for key sectors. Read the full details of the regional and national requests designed to support the archipelago’s economy.

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la laguna urban plan sports complex student housing

La Laguna to Build Sports Complex and Student Housing in Major Plan

The City Council of La Laguna has approved a major modification to its General Urban Plan, paving the way for a large sports complex in Las Mantecas, new university residences, and protected housing. The move aims to address the housing crisis, modernise university campuses, and create greener, more connected urban spaces. Read on for the full details of this historic urban development.

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canary islands housing crisis multiple property owners soar

Housing Crisis Deepens as Multiple Property Ownership Soars in Canary Islands

Exclusive analysis of land registry data shows a dramatic 52.7% increase in individuals owning two or more properties in the Canary Islands since 2010, starkly contrasting with the struggles of first-time buyers. Experts warn this concentration of housing stock in fewer hands is the core of the archipelago’s escalating affordability crisis. Read the full investigation into the data and its impact on residents.

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