The Canary Islands want to require 10 years of registration to be able to buy a house on the islands

The Canary Islands Executive (CC-PP) has submitted to the Government of Spain a proposal for a royal decree law to prohibit the purchase of a home on the islands by any person, whether Spanish or foreign, who does not prove ten years of registration in their territory (or 15, if it is discontinuous).

This legislative proposal, to which EFE has had access, also establishes that the same citizen will only be able to buy two homes in the Canary Islands - and as long as they are in different municipalities -, while it provides that legal entities (companies or investment companies) will only be able to purchase homes on the islands if their social purpose is to sell or rent them to natural persons.