www.islandconnections.eu
1984-2019
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July 25 – August 7, 2019 Granadilla de Abona
Officially the largest foreign language newspaper in the Canary Islands
La Tejita
Honey production
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Credit cards
Holiday fun
Protests continue
Drought disaster
Banks to pay?
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Largest operation in the Canary Islands
Blow against the brand pirates
In July, national police succeeded in the biggest ever strike against counterfeiting in the Canary Islands. A total of around 200,000 counterfeit articles and extensive evidence were seized during the operation. The value of the forged products amounts to over €16 million, though the exact worth still has to be determined by experts. Seven people, five Moroccans, one Indian and one Nepalese, were arrested. Continued on page two
Electronic material from China was part of the inventory
Unaffordable living
Price explosion The rising number of apartments rented out as holiday homes, combined with too weak a subsidy for social housing, means that rents in the Canary Islands have reached a historic record high, above the level at the time of the 2007 real estate bubble. Sadly, many apartments, especially in coastal tourist areas, are no longer affordable for the locals. While the purchase prices are high, but relatively stable, rents are almost immeasurable. For a long time now, it’s not only been Germans and Britons who want to rent apartments, but Russians, Italians and Belgians are also increasingly pushing their way onto the market. As a result, rents are skyrocketing in a region where salaries are among the lowest in the country. For instance, a 100m2 rented apartment in tourist areas such as Adeje, Arona, San Bartolomé de Tirajana and Mogán costs around €1,500 per month.
Prices for rental apartments in Santa Cruz are climbing above the €10 per square metre mark
Continued on page two