Tenerife Population Grows and Grows

One major reason why rental prices are on the increase is Tenerife’s growth in population.  Though many consider Tenerife to be an island of romance, the main reason for growth is not the number of babies that have been born, but the number of expats who continue to make the move.

The National Institute of Statistics have just published their 2008 figures which show that the population of Tenerife now stands at a huge 1,005,936. Previous figures published in 2006 put the population at around 850,000, a growth of about 18%. The large increase is attributed mostly to high levels of migration.

Recession is likely to increase the flow of expats to Tenerife, as workers are made redundant in the UK and the doom and gloom depresses the nation’s spirits.