Economy

Annual prices increase by 3.5% in the Canary Islands

The Canary Islands rank as the autonomous community with the second highest inflation rate in Spain, trailing only behind Extremadura. Meanwhile, the national average inflation has climbed to 3.2%, while that of the European Union has decreased to 2.4%.

Since 2012, foreign buyers account for 33.5% of home sales in Tenerife province

The Dean’s Office of Property Registrars’ analysis by region and province reveals that foreigners purchased one in three homes in the province of Tenerife, a figure that stands out against the regional average of 26.8% and significantly higher than the 20.79% recorded in the province of Las Palmas.

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