Foreigners buy half of the houses sold in the Canary Islands in 2022

The Canary Islands have become an ideal destination for people looking for a second home and investment. In fact, the sale and purchase of homes by foreigners accounted for 52% in 2022. That is, half of the houses transacted last year were for a person from outside Spain, according to data from the General Council of Notaries and the National Statistics Institute (INE) collected in a report published on Antena 3. The profile of the people who buy properties in the Canary Islands has changed: they are no longer retired people, now they are young families who see the option of investing in an autonomous community with a regular climate all year round.Operations carried out in the Canary Islands by foreigners resident in Spain stood at 1,132 between July and September alone, 43.2% more...