Nomad: housing & costs · Tenerife · 13.11, 15:33
Rent price increases and vacancy issues in Tenerife
Average rental prices in Tenerife have risen by over 100% in 5 years. A lack of social housing causes residents to occupy abandoned hotels and buildings under construction.
Prepared by AI from the sources below. We make sure it sticks to the facts in the sources, but AI can make mistakes - if in doubt, the source prevails. Automatically translated from Polish. How we make these texts →
Property owners choose holiday rentals more often because of higher profits. Protesters set up a camp in front of the Cabildo headquarters in Santa Cruz de Tenerife. Reports exist of a black market where groups of people illegally rent abandoned premises.
This means the rental market is very tight. Property owners often prefer tourists over permanent residents.
Sources