The Canary Islands government has approved a new mortgage programme allowing young people to finance up to 95% of their first home. The initiative aims to remove the main barrier to homeownership: saving for a deposit. It is expected to be operational before summer.
Canary Islands unveils 95% mortgage scheme for young buyers Read More »
The Canary Islands government has only succeeded in bringing a single empty home onto the housing market since 2015, according to new figures from the Canary Islands Housing Institute (ICAVI). The revelation comes despite an eight-million-euro budget for the scheme, which the regional housing minister himself has branded a failure.
Canary Islands government mobilises just one empty home in a decade Read More »
The Canary Islands government is demanding a fairer share of Spain’s 2026-2030 State Housing Plan, arguing that using 1991 population data short-changes the region by over 200 million euros. With 760,000 residents effectively ignored, the regional housing chief has called the situation untenable. A new mortgage programme for under-40s is also set to launch before summer.
Canary Islands demands fair share of housing billions Read More »
Property sales in Spain fell for the third consecutive month in March, with the Canary Islands among the worst-affected regions. Transactions in the archipelago dropped 8.9% year-on-year, far exceeding the national average decline of 2.2%.
Canary Islands property sales plunge 8.9% in March Read More »
Spain’s Independent Authority for Fiscal Responsibility (AIReF) has warned the Canary Islands government that it will breach the national spending rule for the third consecutive year in 2025. The watchdog’s latest report projects overshoots in 2026, 2027 and 2028, which could force further austerity plans.
Canary Islands to breach spending rule again, warns AIReF Read More »
The Canary Islands government has announced €5m in subsidies for 58 municipalities with fewer than 20,000 residents to renovate rural homes. The scheme aims to improve living conditions and combat depopulation across the archipelago, with Tenerife receiving the largest share of funding.
€5m boost for rural housing in Canary Islands Read More »
Aena has approved €7 million to soundproof 802 homes near Tenerife South Airport. Insulation works have been completed on 409 properties, with 750 more currently underway. The airport operator urges eligible homeowners who have not yet applied to come forward.
£6m plan to soundproof 802 homes near Tenerife South Airport Read More »
Canarian journalist Miguel Moreno has spoken for the first time since his release from Venezuela’s El Rodeo maximum security prison. He describes being seized in international waters, held as a political hostage, and now left in a legal and psychological limbo by European governments, including Spain’s.
Canarian journalist breaks silence on 209 days in Venezuelan prison Read More »
The Canary Islands Health Department has approved a €6.8 million investment to complete the expansion and renovation of the Tacoronte health centre in Tenerife. The long-delayed project, which stalled during the previous legislature, will be carried out in three phases and will increase the facility’s size from 2,739 to over 3,000 square metres. The local council has welcomed the move, expressing confidence that the project will finally deliver modern facilities for the community.
£5.7m investment to finish Tacoronte health centre works Read More »
Up to 105,000 jobs could be lost in the Canary Islands over the next ten years due to artificial intelligence, according to a major new report by Funcas. While AI will also create new roles, the net effect across Spain will be negative, with up to 2.3 million jobs potentially disappearing. The study warns that programmers, customer service workers and sales agents are among the most vulnerable.
AI could destroy up to 105,000 jobs in the Canary Islands Read More »
