Living

To tackle the acute housing shortage, property owners and architects in the Canary Islands are increasingly converting large, old homes into two or more smaller flats. This trend responds to shrinking family sizes and skyrocketing property prices, creating more affordable rental units. We explore the viability, legal requirements, and costs of this growing solution.

New data reveals a stark picture for the Canary Islands housing market, where the average property price has jumped by 16.5% year-on-year while the number of sales transactions has fallen by 13.6%. This deepening crisis is pricing out young people and those on lower incomes. Read the full analysis of the January figures.

Doris Borrego has been re-elected for a fourth term to lead the Canary Islands Holiday Rental Association (ASCAV). The association, representing over 2,100 members, faces significant challenges from new regional and European regulations. It is positioning itself as a key defender of small local owners against large investment funds.

The Spanish Senate will debate a crucial motion to address the severe housing crisis in the Canary Islands. The plan calls for a state-led programme to build 44,000 new affordable homes and regulate external demand. Read on for the key details of this ambitious proposal.

The Canary Islands Government has reopened a vital funding stream for municipalities to update their urban development plans, with €2.3 million activated for 2026. This support aims to unblock land, plan public facilities, and address the archipelago’s housing emergency. Read the full article for a breakdown of the funding and which municipalities have benefited most.