What is the INE rent index for October 2026?

The INE puts the IRAV for October 2026 at 2.57%, published on 13 November. In September it was 2.54%.

Can my landlord raise the rent by 2.57%?

Only with a new agreement between landlord and tenant. Without one, annual updates are capped at 2% until 31 December 2027.

How much more will I pay on a rent of 1,000 euros?

At the 2% cap it is 20 euros a month more, or 1,020 euros. At 2.57% it would be 25.70 euros more, or 1,025.70 euros.

When does the rise fall due?

On the yearly contract anniversary, and only if the contract has an update clause. The landlord must give written notice, and the new rent can be demanded from the following month.

Does the rule also apply to holiday lets?

No information exists on this. The IRAV concerns rental contracts for homes, and the research found nothing on holiday accommodation.

Canary Islands rent rise capped at 2%, INE index 2.57%

Will my rent now rise by 2.57%?

Not automatically. Since 8 October 2026, annual rent updates have been capped at 2% until 31 December 2027, as long as landlord and tenant reach no new agreement.

With a new agreement, the IRAV figure of 2.57% becomes the only ceiling. Anyone offered such a deal gives up the 2% cap and should know that before signing.

The statistics office INE put the IRAV rent index (the reference value for rent updates) at 2.57% for October 2026 on 13 November. It is the highest reading since the series began in November 2024.

The index stood at 2.54% in September and 2.47% in August. It has now stayed above 2% for 17 months in a row.

When and how can a landlord raise the rent?

A rise is only possible on the yearly contract anniversary, and only if the contract has an update clause. The landlord must state the rise and the percentage in writing.

The new monthly rent can be demanded from the month after notice. If the rent already tops the maximum price set by the reference-index system, the special rule blocks any rise.

Take a monthly rent of 1,000 euros: 2% means 20 euros more, or 1,020 euros, and 240 euros a year. At 700 euros the rise is 14 euros to 714 euros, and at 1,200 euros it is 24 euros to 1,224 euros.

With a new agreement at 2.57%, a rent of 1,000 euros would rise by 25.70 euros to 1,025.70 euros. The difference from the cap is 5.70 euros a month.

Which rental contracts are affected?

According to the INE, the IRAV applies to contracts for a main home signed after housing law 12/2023 of 24 May 2023 came into force. The law's official name is Ley por el Derecho a la Vivienda (Right to Housing Act).

For older contracts the sources contradict each other. One account says the October 2026 rule extended the index as a ceiling to them too, another says they follow inflation.

The index is national, so state rules apply equally in the Canary Islands. No separate rule from the Canarian government is known.

No information exists on holiday lets. The IRAV concerns rental contracts for homes, not short holiday bookings.

How safe is the 2% cap?

The cap sits in Real Decreto-ley 29/2026 (an emergency decree with force of law), in effect from 8 October 2026 to 31 December 2027. The sources give different dates: one cites BOE-A-2026-20823, another cites 6 October and publication in the BOE (Spain's state gazette) on 7 October.

It is not proven that the Congreso (Spain's parliament) confirmed the decree on 12 November. One source names that day, but the research found no confirmation in the BOE or from parliament.

Its predecessor already failed: Real Decreto-ley 8/2026 of March also set 2% and a contract extension. The Congreso rejected it on 28 April by 177 votes to 166, and the BOE published the non-confirmation on 30 April.

Anyone who filed a request in the meantime might keep it if the landlord had agreed. According to Iberley, the courts decide the rest.

How expensive are Canary Islands rents, and what comes next?

According to the Observatorio del Alquiler barometer (run by the Fundación Alquiler Seguro), Canary Islands rents average 1,211 euros a month. That is the third-quarter 2026 figure, 8.81% more than at the end of 2025, while Spain averages 1,214 euros.

In the province of Las Palmas the average is 1,183 euros, in Santa Cruz de Tenerife 1,240 euros. Only Baleares, Cataluña, Madrid and País Vasco are dearer than the Canary Islands.

The barometer expects the number of homes under construction to rise by 7.33%, from 33,356 to 35,800. That alone does not guarantee falling prices.

The INE publishes the IRAV monthly. The research has not confirmed a date for the November figure, but the June figure came out on 15 July, so mid-December would be expected.