The Minister of Public Works and Housing of the Canary Islands Government, Pablo Rodríguez, has announced that they are working to elucidate how to use the status of Outermost Region (RUP) of the Canary Islands to try to limit the purchase of housing by non-resident foreigners.
The debate on limiting the purchase of homes by non-resident foreigners in the Canary Islands continues without concrete progress. Pablo Rodríguez has pointed out that the exceptional nature of the OR could allow measures that limit these capital movements, given the market tensions due to high foreign demand. Rodríguez proposes exploring this avenue through the office in Brussels.
For his part, Bermúdez recalled that in Tenerife one in three homes is purchased by foreigners, and in tourist areas this percentage rises to one in two. Although it previously asked the EU to act against the price increase, it has not taken local measures as in Barcelona or Madrid, and a legal report commissioned by the Government of the Canary Islands four months ago is still awaited.
During the electoral campaign for the European elections, Carlos Alonso (CC) focused his message on limiting the arrival of new residents and the purchase of properties by non-residents, proposing a residence law with tax burdens for second homes. Although CC governs in the Canary Islands, these measures have not been debated in the regional Parliament, and the party has even voted against similar initiatives in the past, despite the councilor now reopening the debate.
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