Shrinking rental stock in Spain is blamed on ‘destructive’ new housing law as landords opt for tourist lets – sparking a tourism backlash on the Canary Islands and elsewhere

RISING rental pressures have been blamed on Spain’s new Housing Law 2023, which has seen landlords choose to take their properties off the market. This is according to a new report from idealista, who claim that the number of applicants for each apartment advertised on their web portal have increased on average by over half across Spain year-on-year. Unsurprisingly, the strife-ridden Canary Islands sees some of the highest number of inquiries before an ad is pulled. A flat rental advert in Santa Cruz de Tenerife sees an average of 44 applicants, a 62% increase on the same period in 2023,

Pros and cons of buying a bank repossession property in Spain, according to Idealista – as new listings hit the market from as little as €2,300

EXCLUSIVE: Ending the golden visa in Spain is a ‘big blow’ to British and US buyers, say property experts – as political leaders brand it ‘senseless’ and ‘anti-business’