The number of vacation homes in operation in Lanzarote (those that are actually being rented as vacation homes and not merely registered) increased by 6.34% between 2019 and the first half of 2024, which is equivalent to 445 more vacation homes up to a total of 7,465.
These data are based on the 'Experimental Statistics' of the ISTAC which, unlike the data offered by the Ministry of Tourism based on the General Tourism Registry, only considers vacation homes that are active in the vacation rental market and that have been reserved, at least once, during the reference month or the immediately preceding month.”
In fact, according to these data, the municipality of Yaiza, which proportionally has the most vacation homes on the island, closed 2023 with fewer active vacation homes (2,154) than it had before the pandemic (2,173). It was not until the first half of 2024 that Yaiza exceeded pre-pandemic figures, with 2,282 active vacation homes.
Meanwhile, the number of active vacation homes increased by 18% (6,763 more) in the entire archipelago for the same period to a total of 44,257, according to the report by the College of Economists of Las Palmas An Approach to the Economic Reality of Vacation Homes.
According to data collected in the report, El Hierro experienced the largest percentage growth in the archipelago (49.2%) compared to data from before the pandemic. That's 154 more vacation homes up to a total of 467 units in operation.
Next, Fuerteventura, with a growth of 28.5%, which is equivalent to 1,340 more vacation homes between 2019 and 2024, up to a total of 6,028.
In Tenerife, on the other hand, it grew by 22.7%, which represents 3,313 more units in operation up to a total of 17,892.
In La Palma, the growth was 16.2%, equivalent to 268 more units up to a total of 1,916 vacation homes.
For its part, Gran Canaria experienced an increase of 14% (1,190 more) up to a total of 9,659.
Only La Gomera experienced a percentage growth (6.47%) similar to that of Lanzarote since before the pandemic and (50 more vacation homes).
