US EditionNearly 65% of Landlords in Canary Island Capitals Own Multiple Properties Gazette Life
8 Articles
8 Articles
Offer concentrates on large owners while prices rise and pressure on tenants increases
52.8% of the dwellings rented by individuals in Spain belong to owners with two or more properties for rent.
Owners with more than one home have greater market control and dominate it more strongly in cities such as Las Palmas de Gran Canaria, Santa Cruz de Tenerife, Palma or Barcelona, where they exceed 60%
Nearly 65% of landlords in Canary Island capitals own multiple properties Gazette Life
New data released by Spain’s Ministry of Consumer Affairs, in collaboration with the Spanish National Research Council (CSIC), reveals that the two Canary Islands capitals have the highest concentration of multi‑property landlords in the country.
The snapshot of the rental market in Spain reflects a structural change that has been consolidating in recent years. Small landlords are losing ground to multi-property owners. According to a report prepared by the Spanish National Research Council (CSIC) and published by the Ministry of Consumer Affairs, only 39% of rental properties currently belong to landlords who own a single property. This figure highlights the decline of a traditional fig…
61% of rental properties are owned by individuals with two or more rental properties, legal entities and public entities, while the rest belong to small landlords who have only one rented property, according to a report by the Ministry of Consumer Affairs, in collaboration with the CSIC, prepared from the Household Panel which integrates information from the IRPF, the Wealth Tax and demographic data from the National Institute of Statistics (INE…
Coverage Details
Bias Distribution
- 67% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
