While the long-term rental market in Spain shows signs of tension with a 3% year-on-year drop in the first quarter of 2026, Las Palmas de Gran Canaria stands out with a 7% increase in its supply. This positive behavior is notable, especially in a context where many Spanish capitals, and particularly those declared as stressed areas, are registering declines.

However, this increase in permanent rentals in the capital of Gran Canaria does not hide other worrying dynamics. The seasonal rental supply in the same city soared by 72% year-on-year, far exceeding the national average. This type of lease now constitutes 22% of all rental listings in Las Palmas de Gran Canaria.

The rise of temporary rentals, which are not strictly considered tourist housing but rather contracts for limited stays due to work, academic, or mobility reasons, is transforming the real estate market. This phenomenon may respond to increased demand from specific profiles or a strategy by owners seeking greater flexibility.

Nationally, the situation is less favorable. The permanent rental supply in Spain decreased by 3% in the first quarter of 2026, while the seasonal supply grew by 22%. This trend implies a reduction in available housing for those seeking a stable home, causing concern in cities with high residential demand.

The case of Las Palmas de Gran Canaria, with its increase in stable supply, is interpreted as positive news for residents. Nevertheless, the rapid growth of temporary rentals could reduce the actual availability of long-term housing in high-demand areas, an especially sensitive aspect in the Canary Islands due to insularity and demographic pressure.