Nomad: housing & costs · Tenerife · 14.11, 10:00
Cristina Valido proposes property purchase restrictions for non-residents
Coalición Canaria-Primero Canarias candidate Cristina Valido proposed restricting property purchases for people who do not live in the Canary Islands. The proposal aims to stop speculation and help local families access housing.
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Cristina Valido stated that Canary families cannot compete with higher-income investors. She advocated for updating construction funding. Current funding relies on 1991 demographic data. It does not include costs from the island location.
This means that property investors may face proposed regulatory changes. These changes would limit market access for people from outside the islands.
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