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canary islands affordable housing applications surge

Canary Islands affordable housing applications surge to 4,047

The Canary Islands government has received 200 applications for provisional approval of 4,047 affordable homes since the current legislature began. The figures mark a significant shift after over a decade of low activity in the sector, with officials crediting a series of reforms. Minister Pablo Rodriguez says the numbers prove that removing barriers and streamlining procedures is delivering results.

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canary islands 95 percent mortgage young buyers

Canary Islands approves 95% mortgage scheme for young buyers

The Canary Islands government has approved a decree regulating the Hipoteca Joven Canaria programme, enabling young people aged 18 to 40, large families and single-parent families to access financing of up to 95% for their first home. The measure, which applies to properties costing up to 250,000 euros, has been criticised by the opposition for failing to address the underlying issue of high property prices.

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