The Canary Islands are exploring measures to address the rapidly increasing housing prices, which officials describe as “unsustainable.” ASG leader Casimiro Curbelo, who heads the parliamentary committee on demographic challenges and population balance, stated on Friday that limiting property purchases by non-residents is necessary. However, he emphasized that any restrictions should align with European Union regulations and be implemented thoughtfully.
This potential policy change has been discussed in the parliamentary committee, which is currently preparing its report on conclusions, as well as within the working group on the demographic challenges facing the Canary Islands. This group was created following the Canary Islands Conference of Presidents and held its final meeting recently, with conclusions expected to be released next week.
Addressing the Housing Crisis
Alfonso Cabello, the spokesperson for the Canary Islands Government and a participant in the working group, echoed concerns about rising housing costs. He called for “courageous decisions” to tackle the issue and ensure that housing remains accessible for residents. Cabello noted that the group has been considering methods to curb property acquisitions by non-residents within the constraints of European law, aiming to maximize the islands’ potential without further escalating prices.
On islands like Fuerteventura and Lanzarote, where population growth has surged, the number of residents from outside the region now surpasses native Canarians. Curbelo highlighted that this trend “does not seem reasonable,” and policies must reflect a European context while addressing local concerns.
Regional Planning and Coordinated Growth
One of the key topics discussed was the need for the Canary Islands Government to regain responsibility for regional planning. Curbelo argued that each island should not have unchecked growth capabilities, and there should be a regional approach to sustainable development. He noted that while local cabildos control tourism growth, a unified strategy led by the Autonomous Community Government would foster a coordinated vision across all islands.
“We need to build a Canary Islands that improves residents’ quality of life, rather than one focused solely on administrative autonomy,” Curbelo stated, advocating for a collective approach to housing, training, and employment opportunities based on future economic needs rather than improvised policies.
Tailoring Solutions to Diverse Demographic Needs
The Canary Islands face different demographic challenges across the islands, with eastern islands experiencing population growth and others, such as the greener islands, seeing population decline and aging concerns. The working group on demographic challenges, one of five groups created in April, has been developing strategies to promote sustainable growth, fair wealth distribution from tourism, and controlled population expansion.
These working groups will make their conclusions available for public consultation, allowing for community input. In November, a second Conference of Presidents will convene to discuss concrete actions and funding allocations based on the findings.
Cabello mentioned that specific financial support would be outlined for municipalities with populations under 10,000. Additionally, recommendations will include legislative and administrative simplifications to enable the release of more affordable housing into the market, aligning with the overall goal of a balanced and sustainable future for the Canary Islands.
