Nomad: housing & costs · Canarias · 12.11, 04:00
Report identifies supply shortage and migration as main causes of housing price increases
A report from the Universidad Las Hespérides states that housing prices in the Canary Islands rose by 50% between 2018 and 2025. Urban planning restrictions and mass migration are the primary causes rather than holiday rentals.
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Researchers Daniel Fernández Méndez, Santiago Calvo López, and Gonzalo Melián Marrero from the Centro Ruth Richardson conducted the study. They showed that price increases result from a drastic reduction in housing supply and a sudden increase in the number of residents.
The report challenges the theory that short-term rentals or speculation are the main causes.
Sources