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The Canary Islands Will Build 6,000 Social Housing Properties Over the Next 5 Years

The island government wants to build 6,000 subsidised homes over the next five years, which will require an investment of more than 660 million euros.

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The government of the Canary Islands is planning to build 6,000 subsidised homes over the next five years. The Canary Islands Housing Plan 2020-2025 aims to solve the lack of residential supply in the region. Business leaders from the construction sector and unions have approved the measure, according to Cinco Días.

In total, the Canarian executive is planning to invest 664 million euros in the plan. Its initial execution will involve the construction of 3,600 homes, of which 66% will be for public rental and the rest for private rental. In addition, it will build 600 homes in sparsely populated municipalities, renovate 10,000 homes and put 600 vacant homes on the rental market.

Read the full article in Spanish.

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