Sareb has about a hundred homes in Lanzarote

In total, the province of Las Palmas has 200 empty homes. In this case, a third of them are being renovated, others are pending some procedure and only 25 are for sale

February 24 2025 (20:04 WET)
Updated in February 25 2025 (14:33 WET)
Arrecife Homes. Photo: José Luis Carrasco.
Arrecife Homes. Photo: José Luis Carrasco.

The Company for the Management of Assets Proceeding from Restructuring Banking (Sareb), which was created in 2012 with the aim of rescuing several banks affected by the financial and real estate crisis of 2008, owns about a hundred homes in Lanzarote.

Since 2022, Sareb has incorporated a principle of "sustainability" and "social utility", which has led to agreements throughout the country to put housing for affordable rent. According to the data accessed by La Voz, the so-called bad bank has properties in five municipalities of Lanzarote. In addition, it has about thirty annexes, a dozen plots, 21 tertiary units and a work in several parts of the island.

Where Sareb concentrates the most properties is in Arrecife. In the capital of Lanzarote it has 67 homes, 26 annexes and eight tertiary units. Followed by it, it has nine homes, four plots and 13 tertiary units in Teguise. In addition, ten homes and three plots in San Bartolomé. According to these figures, Sareb has four homes, two annexes and a work in Yaiza. Finally, in the municipality of Tías it has two homes and five plots.

At the provincial level, Sareb has 470 homes in Las Palmas, but "not all are empty", according to the company. Of these, 180 are rented with subrogated leases, social rentals for vulnerable people and transferred to the administration through Visocan.

Of these 470 homes, 80 are in legal proceedings to be recovered because they are occupied by "conflictive people or who have not proven vulnerability".

Also, about half of the homes (200) are empty. In this case, a third of them are being renovated, others are pending some procedure and only 25 are for sale.

Sareb puts the homes for sale to individual clients through different portals such as Servihabitat, Anticipa Aliseda, Idealista or Hipoges.

Sareb homes on Chimia street in Arrecife. Photo: Aliseda real estate agency
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