The supply of rental properties has fallen by 22% in the Canary Islands in the last four years, if we compare the stock data for the first quarter of 2019 with that of the same period in 2023, according to a study published by idealista.
Nationally, the supply of rentals has fallen by 28%, with Cuenca being the capital in which the supply has fallen the most over these four years, falling by 59%. It is followed by the city of Barcelona, where it has also been reduced by more than half during this legislature (-51%). This is followed by reductions in stock in Pontevedra (-48%), Valencia (-45%), Madrid (-44%), Ceuta (-41%), Ciudad Real and Guadalajara (-39% in both cases).
Among the most demanded markets, after Madrid, Barcelona and Valencia, there was a reduction in supply in San Sebastian (-35%), followed by Alicante (-33%), Malaga (-33%), Seville (-28%) and Bilbao (-24%).
In contrast, in the city of Castellón de la Plana the market has remained the same as it was 4 years ago, and in 10 other capitals the supply has grown during this municipal mandate. The biggest increases have taken place in the city of Huesca (122%) and Cordoba (101%), which have doubled their stock. They are followed by increases in Palencia (83%), Jaén (56%), Teruel (34%), Valladolid (21%), Salamanca (8%), Pamplona (6%) and Lugo (2%).
RENTAL OFFER FALLS IN ALL SPAIN’S REGIONS
The greatest reduction in stock in this legislature has occurred in the communities of Madrid and Catalonia, with a fall of 41% in both. They are followed by Cantabria with a fall of 31%, Galicia (-29%), Castilla-La Mancha and Euskadi (-25%). Below these are the falls in supply in the Canary Islands (-22%), Valencia (-21%) and Extremadura (-20%).
Below this figure are the Balearic Islands (-16%), Murcia (-15%), Andalusia (-13%) and Asturias (-12%). With single-digit falls are La Rioja (-8%), Aragon (-7%), Castile and Leon and Navarre (which are the communities where it has fallen the least, only 3%).
The province of Barcelona is the one that has recorded the greatest decrease in supply over the last four years, with a drop of 43%. It is followed by Madrid (-41%), Cuenca (-38%), Guadalajara (-35%), A Coruña (-35%), Valencia (-32%) and Cantabria (-31%). The provinces of Ciudad Real, Lleida, Guipúzcoa, Girona, Zamora and Seville share a decrease in supply of 30%. The province of Las Palmas has registered a drop of 20%, while the province of Santa Cruz de Tenerife suffers a drop of 26%.
On the opposite side is Cordoba, where the stock has increased by 88%; followed by Palencia (49%), Jaén (32%) and Valladolid (21%). With single digit increases are the provinces of Salamanca (3%), Lugo (2%) and Huesca (1%).