No new housing decrees on Tenerife, criticism of the Canary Islands government

The Spanish government is working on housing decrees. These do not introduce immediate legal changes on the islands. The Canary Islands government and employer organisations warn that new rules may withdraw housing from the market.

The Spanish government under Pedro Sánchez is working on new housing decrees. No new mandatory regulations on rental prices or contracts have been announced on Tenerife or in the Canary Islands. These regulations do not immediately apply to residents. Current contracts are regulated by local Canary laws. Employer organisations and the Sumar party warn that new rules may have the opposite effect. They claim the rules may increase uncertainty among owners. This may lead small landlords to withdraw properties from the residential market. If you rent or look for housing, current contracts and prices are still regulated by local laws. New regulations from Madrid do not yet have a direct, uniform impact on the rental market on the islands. The Canary Islands government plans to modify the rental law. This is to avoid situations similar to the Maricarmen Reyes case. No new rules have been introduced yet.