Canary Islands News

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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canary islands magec satellite constellation 2030

Canaries to Launch Magec Satellite Constellation by 2030

The Canary Islands are embarking on a major space project, planning to launch their own secure satellite communications network named Magec by 2030. This constellation aims to provide resilient connectivity for critical services and establish the archipelago as a strategic node between Europe, Africa, and the Americas. Read on to discover how this ambitious project will transform the islands’ role in global communications.

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canary islands housing crisis split homes flats

Canary Islands’ Housing Crisis Solved by Splitting Large Homes

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.

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