The median income of landlords in the Canary Islands doubles that of their tenants, with €50,310 for the former compared to €25,523 for the latter, placing the islands among the communities with the largest wealth gap in this area, according to data from the Ministry of Social Rights and Consumer Affairs.
In Spain as a whole, this government department puts the **wealth gap** between tenants and landlords at 82%, with €28,810 versus €52,449 (€23,638 difference).
This is the main conclusion of a report being worked on by the ministry headed by Pablo Bustinduy, a member of Sumar, who already announced his rejection of the Prime Minister Pedro Sánchez's announcement to tax-deduct 100% of personal income tax for landlords who do not raise rent prices in 2026
This tax bonus will compensate for what landlords would earn if they increased that rent in the 632,369 contracts that are due for renewal in 2026, affecting some 1.6 million people, Sánchez explained this Monday
Sumar opposes the 100% bonus for landlords
However, sources from Sumar highlight the existing inequality between tenant and landlord, according to this report, to condemn aid that would benefit landlordsAccording to this report preview, which is based on the 2024 Survey of Living Conditions and the Household Panel, Consumo states that in the Valencian Community, Extremadura, Murcia, Castilla-la Mancha, Galicia, **Canary Islands**, Cantabria, and Asturias, landlords' income is already double that of tenants.Likewise, it emphasizes that if the contracts expiring in 2026 and 2027 are renewed at market prices, the income gap between landlords and tenants affected by the renewal would increase by an average of 2,216 euros in Spain, raising the median rent for these landlords to 54,665 euros
The report excludes data from the Basque Country and Navarre, given that their situation is not included in the Household Panel as they are communities with a special fiscal regime, as well as data relating to Catalonia due to its tense areas covering 80% of its population.
Sumar rejected this Monday this proposal for tax incentives presented in the form of a royal decree-law, considering it an ineffective measure to tackle the housing problem and unfair given the income disparity between tenants and landlords.
Similarly, sources from Sumar emphasize that the data show the need for urgent intervention in the housing and rental market to guarantee the right to housing for tenants, "and not an optional measure to which some landlords can adhere and others cannot."