Constructors from Lanzarote, Gran Canaria, and Fuerteventura: with 450 million from the State, 12,000 homes could be built per year

The **Association of Construction and Development Entrepreneurs of Las Palmas** (AECP) estimates that if the **Spanish Government allocated 450 million euros per year**, 12,000 homes could be built on the islands every twelve months, as this public investment would **mobilize over 1.7 billion in private investment**. The employers' association rejects "more plans, announcements, photos, excuses, ineptitude, and unfulfilled promises" and emphasizes that **Canary Islands needs to build 12,000 homes per year** "to end the housing emergency." "Time is pressing, and political instability at the state level cannot and should not paralyze the strategic objectives that the Canary Islands is setting on its housing policy agenda, which is why **an immediate state budgetary commitment is urgent** and the parliamentary process for the pending housing bill must be completed" on the islands, the AECP stated in a press release. The employers' association for the sector assures that **between 2007 and the third quarter of 2025, real estate transactions have fallen by 33.08%**, from 40,000 to 19,000, and regrets that in the last ten years, between 2014 and 2024, "only 1,055 subsidized housing units have been started and 660 have been completed, compared to 28,000 market-rate units started and 22,200 completed." In the third quarter of 2025, "the trend in **official protected housing** changes, as after four years of zero production, 379 homes of this type were started, and it is noted in the bulletins, though not in official statistics, that 1,036 public housing units have been put out to tender, of which **the works for 759 have been awarded**, with 277 remaining deserted." All this while between 2015 and 2025, **households** in the Canary Islands have increased by 5.8%, with **45,730 more** being added, it explains in a statement. "The reality we face is that young people, the elderly, nascent families, workers who have to move to a place different from their usual residence, police officers, healthcare professionals, civil guards, teachers, or students see their attempts frustrated by the clear lack of affordable housing, which affects the provision of services in general and public services in particular," the employers' association underlines. The AECP warns that **the Canary Islands will register 1,022,430 households (17% more) by 2039**, which represents almost 150,000 new households in absolute terms by that year, so, in its opinion, "in the next 13 years, 12,000 homes will have to be built per year."