How far is rental supply falling in the Canary Islands?

Active rental listings in the Canary Islands fell by 15%, according to the portal idealista, between 25 September and 25 October 2026. The headline figure of 19% describes Spain as a whole.

Across the country, idealista says 26,531 ads vanished in 30 days. The portal counted long-term and seasonal lets together.

In Santa Cruz de Tenerife, idealista reports a drop of 10% in the capital and 14% in the province. The report has no figures for the province of Las Palmas or its capital.

That puts the Canary Islands below the Spanish average. According to idealista, Madrid and Cantabria each lost 26%, Andalucía 16% and the Comunidad Valenciana (the Valencia region) 17%, while the Balearic Islands stayed at 0%.

The coastal resorts in the south get no figures of their own. Anyone searching there can read the 15% only as a rough guide.

What do the housing decrees have to do with it?

The government passed two housing decrees on 29 September 2026, but Congress did not ratify them on 2 October. They lapsed.

On 6 October 2026 the government passed two new decrees. One of them has applied since 7 October as RDL 29/2026, according to idealista, while the number of the second is not confirmed.

According to summaries, the decrees cover the automatic extension of expiring tenancies, fixed-term leases, tax deductions and 10,000 million euros for loans. We have not checked the full text.

Idealista points to the decrees as the moment of the fall, but the report offers no proof of the cause. It also quotes no authority and no spokesperson for the portal.

The PP party blames the national housing law for the fall on the islands, the broadcaster RTVC reports. That is a political claim, not a measured figure.

Why should the figure be read with caution?

On 1 October idealista said on X that its method does not measure supply over very short periods. The Observatorio del Alquiler counted 4,290 fewer rental homes across Spain between 28 and 30 September and could not put it all down to the measures.

Some owners are putting off signing contracts, it says there. So supply can return without the homes ever having left the market.

Other portals see much smaller falls: pisos.com measures only 2.3% for long-term rents and Fotocasa 5.9%, as reported on 18 October. According to that report, no portal sees a mass exit and the brake is only temporary.

Idealista itself calls its data an exception “for reasons of social and media interest”. Whether the fall holds will only be clear with the fourth-quarter figures, due in early 2027.

The idealista text contradicts itself on the time span. The lead says October 2026, while the method gives 25 September to 25 October.

What does it mean for tenants and newcomers?

Fewer listings mean more competition for homes and, in general, rising prices, according to the sources. There is no evidence of that for the Canary Islands.

Rents in the Canary Islands rose by 8.2% in 2025, idealista says, to a record €15.30 per square metre a month. The portal names tight supply as the main problem.

Around 20% of people looking to rent in the Canary Islands are foreigners, according to idealista (as of August 2025). Germans are the largest group.

Whether tenancies are extended automatically depends on the vote on the new decrees. We found no exemption or application rule for tenants in the Canary Islands, and no advice from authorities either.

Anyone with an expiring contract should wait for the result of the vote. If in doubt, take legal advice or ask the landlord.

What happens next with the decrees?

The Cortes (the Spanish parliament) have been dissolved, and new elections are set for 29 November 2026. So the Diputación Permanente, the standing committee of Congress, votes on the decrees instead of the full chamber.

Idealista writes only of mid-November or the first half of November, and 12 November 2026 is also named. No result was available by 6 November.

The extension decree would take effect on 15 November, but only if ratified. Reports contradict each other on the stance of the Basque party PNV, and that remains unresolved.

There is a precedent: Congress did not ratify RDL 8/2026 of 20 March. That ended the two-year special extension and the 2% cap on rent rises.