A significant proportion of rental demand in the Canary Islands originates from abroad. According to a report published by the real estate portal Idealista, almost one in every five people searching for a home to rent in the archipelago is a foreigner.
The Canary Islands Among the Top Five in Spain
The analysis highlights that in Santa Cruz de Tenerife, 21.9% of rental demand originates outside Spain, while in Las Palmas, the percentage reaches 19.2%. These figures place both provinces in fourth and fifth place nationwide, only surpassed by the Balearic Islands (29.1%), Alicante (27.4%), and Málaga (25.7%).
This ranking indicates that the Canary Islands remain one of the country’s most attractive destinations for international residents, reinforcing their position as a hub for rental demand alongside other highly sought-after coastal provinces.
Germans Lead the Search for Housing
In the Canary Islands, Germans account for the largest share of international searches, followed by Italians and British citizens. This aligns with the islands’ long-standing reputation as a favourite destination for German tourists and retirees, many of whom seek medium- to long-term rentals.
In contrast, other Spanish cities exhibit a different pattern. For instance, in Valencia, Madrid, and Seville, the majority of visits to rental listings come from the United States (13–14%), while in Barcelona, Americans occupy second place (10%) just behind the French (11%).
Regional Patterns in the Rest of Spain
The report also notes distinctive foreign interest in other provinces:
- Portuguese visitors dominate searches in border regions, accounting for 40% in Badajoz, 27% in Huelva, 22% in Pontevedra, and 15% in Ourense.
- Andorra leads demand in Lleida (18%).
- Brazilians show strong interest in Valladolid (10%).
- In the Spanish interior, visits are predominantly made by Latin American nationals—particularly from Argentina, Venezuela, Colombia, and Cuba—who lead searches in provinces such as Guadalajara, Toledo, Segovia, and Ávila.
Broader Context: Pressure on Local Housing
This growing international demand is adding pressure to local rental markets. In the Canary Islands, the increasing foreign interest coincides with another trend: the rising number of Canarians forced to share flats, a situation linked to soaring rental prices. Concurrently, the archipelago is home to some of the most expensive streets in Spain, with properties valued at over €6 million.
