Over 7,200 holiday residences have been recorded in Tenerife from January to August 2024, as stated by President Rosa Dávila, who highlighted “the adverse effects” that this practice may cause, while advocating for an amendment to the urban rental legislation.
The Socialist Group of the Cabildo, led by Pedro Martín, reminded her during the plenary session this Friday of her pledge to enforce a moratorium—implemented at the beginning of September—on the issuance of holiday home licences, and has requested evaluations following the “rejection” from the Government of the Canary Islands (CC and PP) regarding her appeal.
Dávila defended her earlier request by referencing the overall rental situation in Tenerife, which “has escalated from an average price of 467 euros a decade ago to 1,001 euros today” while stressing that the island constitutes 45% of vacation homes since the start of the regional law’s processing.
She mentioned that the Tenerife Cabildo, with the law soon to be enacted, has had the opportunity to provide its insights and elaborate on its specific situation to the regional executive, noting that “holiday housing allows citizens to obtain supplementary income, but it may also lead to some detrimental consequences.”
Nonetheless, island president Rosa Dávila concluded that, in any event, “it would also be crucial” to amend the national law on urban leases, so that this measure would offer greater security to property owners.
