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FlashSpainOctober 20, 2026

Canary Islands Propose 10-Year Residency Requirement for Non-Resident Property Buyers

PublishedEditorial policy

The Canary Islands government is developing a bill that would require non-residents to establish 10 years of residency before being eligible to purchase property. This proposed measure aims to combat real estate speculation and rising prices, affecting both investors and individuals seeking homes in the archipelago.

SpainCanary IslandsProperty InvestmentResidencyReal Estate

Key takeaways

  • The Canary Islands are considering a new rule requiring non-residents to have 10 years of residency before purchasing property, a significant change from current regulations.
  • Even with a temporary or permanent residency permit, the proposed law would mandate 10 years of actual residence on the archipelago before property acquisition is allowed.
  • If you are planning to buy property in the Canary Islands for investment or personal use, be aware that the current, unrestricted environment may soon change.

Canary Islands Consider 10-Year Residency Rule for Property Purchases

The government of the Canary Islands is currently drafting a legislative proposal that would introduce a significant new condition for property acquisition: non-residents would only be permitted to purchase real estate after demonstrating a minimum of 10 years of residency on the archipelago.

This proposed measure aims to curb real estate speculation by foreign investors and make housing more affordable for local residents. Currently, there are no such restrictions, allowing foreigners to purchase property immediately upon arrival.

If enacted, this law would mean that even individuals holding a temporary (VNJ) or permanent (PMJ) residency permit would be unable to acquire property in the Canary Islands during their first decade of residence. This restriction would apply universally, covering both investment properties and homes for personal use.

While the bill is still in the discussion phase, it reflects a broader trend in Spain where regional governments are exploring ways to regulate foreign capital in their real estate markets. Those considering property purchases in areas like Tenerife or Gran Canaria should be aware that current regulations may change.

Sources

Based on Emigro corridor reporting. Primary links below.

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