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The Canary Islands ask the Government that only those who have been living on the islands for 10 years can buy housing.

El Gobierno de Clavijo, de Coalición Canaria, propone también que los ayuntamientos puedan limitar el alquiler turístico en determinadas zonas y restringir la compra a extranjeros de fuera de la UE

Translated from Spanish Read in Spanish

The Canary Islands ask the Government that only those who have been living on the islands for 10 years can buy housing.

The Government of Canarias is pushing to limit non-resident housing purchases on the islands, citing its status as an outermost region (RUP) of the EU. They have sent two draft regulations to the central government as urgent measures to curb real estate speculation and give municipalities effective tools to regulate buying and renting.

The goal is for these measures to be approved by the Council of Ministers before the November 29 elections and ratified by the Permanent Deputation. The measures require central government approval and Brussels authorization due to Canarias' RUP status.

Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at elpais.com →

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