This Fuerteventura forum uses cookies
This Fuerteventura forum makes use of cookies to store your login information if you are registered, and your last visit if you are not. Cookies are small text documents stored on your computer; the cookies set by this Fuerteventura forum can only be used on this website and pose no security risk. Cookies on this Fuerteventura forum also track the specific topics you have read and when you last read them. Please confirm whether you accept or reject these cookies being set.

A cookie will be stored in your browser regardless of choice to prevent you being asked this question again. You will be able to change your cookie settings at any time using the link in the footer.
Hi guest and welcome to the Fuerteventura forum.

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5

[-]
Tags
dilemma canarian holiday reality

The holiday dilemma, the new Canarian reality
#1
Noticias:

The holiday dilemma, the new Canarian reality.

Although it generates income to small (and large) owners, it becomes a terrible brake on traditional housing rentals.

The situation of rental housing in relation to families of middle-income workers is becoming an impossible task. The lack of supply in tourist and not so tourist areas is generating a serious problem of coexistence. But on the other hand it is an economic reality that seems to have come to stay.



The weight of holiday homes within the tourism sector continues to grow in the Canary Islands. Between 2020 and 2022 it added 10,000 new places. In total, last summer the offer reached 172,000 places distributed in 40,000 homes. The Archipelago is the second community with the highest percentage of this type of flats on the total number of homes, only behind the Balearic Islands, but while it has fallen there, here the opposite happens.



According to the Canarian Association of Holiday Rentals (ASCAV) this modality leaves an economic impact that in the Canary Islands "currently exceeds 2 billion euros. Economy that falls directly into the pockets of Canarian families and countless companies that add value to holiday homes, such as the rent, commerce, catering, leisure, etc. sector. Not to mention, the multitude of new companies that have been created to cover the needs of holiday home, such as managers, intermediaries, cleaning, maintenance, construction and reform companies, etc. "



In this way "this way of understanding tourism is criticized by some and praised by others, but the reality is that holiday rentals have become a valid tourist option and for which many of the visitors who come to the islands choose".



The reality is that since in 2018 the Supreme Court overturned the Government's holiday rental decree that tried to prevent holiday homes in tourist areas, it has not stopped growing.



Absolutely full for Easter



This modality, which does not stop growing, has had in the month of February "the best in history in the Canary Islands, with occupations close to 80%", say from ASCAV, "many of our customers are repeaters. In fact, we already have reserves for next winter," he says. For the next Holy Week, the forecast is that the absolute full of 2022 will be repeated.
3 users say Thank You to TamaraEnLaPlaya for this post
Reply Quote
#2
Banning Non Resident buyers seems to be the only solution to this dilemma. The Balearics are considering it and it won’t be long before Canarian Politicians will be discussing the same. Shouldn’t be too difficult to implement. That said, Governments make an absolute fortune in Property sales/purchases taxes so they’d have to put their people first and swallow the loss of income. Would take a brave Politician to have this as policy but where is the answer? During the Pandemic, when there were no tourists, there was an abundance of long term rentals available at affordable prices. Now there are a mere dribble and they want 3 times what they were asking. You have to feel for local folk unable to find a rental. Something needs to be done to help these people, especially those working. It’s not all about Tourism. There’s no balance atm.
5 users say Thank You to Joy Division for this post
Reply Quote
#3
(25-03-2023, 12:48 PM)Joy Division Wrote: Governments make an absolute fortune in Property sales/purchases taxes so they’d have to put their people first and swallow the loss of income.

The income which would be lost is (or at least should be; that's another debate entirely) spent on the same people.

If that income disappears, it is the people who will suffer.
3 users say Thank You to Ducks for this post
Reply Quote


Forum Jump: