Collaborative Effort to Develop 257 Affordable Rentals in Tenerife by 2028

The Government of the Canary Islands and Cabildo de Tenerife have formalised their partnership in housing, aiming to construct 257 social rental apartments for affordable housing and public ownership across seven municipalities on the Island over the next three years. These locations include the north, south, and metropolitan areas: Santiago del Teide, El Sauzal, Granadilla, Guímar, Los Realejos, El Rosario, and San Miguel de Abona. The regional president, Fernando Clavijo, and the island president, Rosa Dávila, signed the agreement yesterday, outlining an investment of 45 million euros from both administrations until 2028. Of this total figure, 25.7 million will be provided by the Canary Islands Housing Institute (Icavi) and 19.3 million by the island council. Construction is set to commence in 2025 at two sites, Santiago del Teide and El Sauzal, which are currently undergoing the bidding process.