Spain’s tourism industry is flying, but it’s not just filling beaches, it’s putting pressure on housing too. Sunshine buyers In the Balearics during 2024, more than 25% of homes were snapped up by non-resident foreigners. Along the coast it was much the same...20% in the Canaries and Valencia, 15% in Murcia, 10% in Andalusia. Nationally, on average, about 8% of all property purchases are...
What You Need to Know... Buying a property in Spain is a significant investment, and recent headlines about a proposed 100% tax on property purchases by non-EU nationals have raised concerns among many potential buyers. While the announcement has stirred up debate, it’s important to look beyond the sensationalism and understand the context, implications, and feasibility of this...
The English version is here…la versión inglés está aquí. Oh, Tenerife es un lugar lleno de jóvenes emborrachándose y teniendo sexo en la playa, NO... ¡NO ES ASÍ! Desafortunadamente, así es como piensan muchas personas que consideran Tenerife como un destino de vacaciones en la isla. Es lo que ha provocado que muchos visitantes potenciales se abstengan de venir aquí para...
El enlace para la version español está aquí...The Spanish version is here Oh, Tenerife is all youngsters getting drunk and having sex on the beach, NO…IT’S…NOT! Unfortunately, this is the way that many people who consider Tenerife as a holiday destination think of the island. It’s what’s caused many potential visitors to shy away from coming here for a break. Listen,...
Tenerife Property Market Analysis: July 2024 In this article, we’ll explore the changes in the Tenerife property market, focusing on comparisons between July 2024 and July 2023, as well as a month-on-month comparison between June 2024 and July 2024. By examining these trends, we aim to provide a comprehensive overview of how the market has evolved over the past year and within the last...
The Canary Islands are at a crossroads. Trying to balance the need for tourism with the preservation of local quality of life and sustainability of the Islands themselves. New laws and regulations will aim to manage tourist accommodation more effectively but recent local protests and official statements are highlighting the ongoing debate over the future of tourism here in Tenerife and the...
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