73% of Canary Islanders view their ability to access housing in the future with uncertainty - 38% declare themselves quite worried, and 35% very worried, according to the II Housing Barometer of Grupo Mutua Propietarios.
Those who show the greatest concern are young people between 18 and 24 years old -77%- and large families -75%. Only 22% say they feel calm about the evolution of this issue.
According to the study's indicators, the majority of Canary Islanders -and especially vulnerable groups: young people and those with lower incomes- are skeptical about the impact of public policies on housing and, therefore, believe that they will not drive down the price of properties.
Specifically, 38% consider them counterproductive, 34% without any effect, and only 6% admit that they can be effective and fulfill their objective.
Therefore, 73% of Canary Islanders are pessimistic and predict that the price of housing will increase during 2025: while 39% estimate that it will rise between 5% and 10%, 34% point to increases greater than 10%. In contrast, only 5% are confident that prices will remain stable.
According to the II Housing Barometer, Canary Islanders believe that this situation will affect their daily lives and that they will have to make sacrifices to cushion the prices of buying or renting their home. They highlight the decrease in savings capacity (38%); reduction of leisure and social life (35%) or change of residence (31%) are the main consequences that this tense market will have on Canary Islanders.
The report points to speculation and the purchase of properties for investment purposes (48%) as the main cause of the increase in property prices, followed by the scarcity of available housing (36%), while 31% of Canary Islanders point to insufficient government intervention to regulate prices as one of the main causes.
