Specifically, these are homes located in Titerroy, José Antonio, Los Geranios, Tinasoria, Juan Sarazá Ortiz and Los Pitufos, which can be acquired by families under very favorable conditions. Some of these homes, such as those in Titerroy, were delivered in 1957, while others, such as those in Los Pitufos, in 1987, so their acquisition is made, in the case of the former, through the deferred access to ownership system, and in the case of the latter, through the Decree issued in 1995 by the Ministry of Infrastructure, Transport and Housing of the Government of the Canary Islands to facilitate their purchase under very favorable conditions by their awardees.
Families who take advantage of the benefits of the Access to Ownership Decree will only have to pay 50% of the final price of their apartments, a price much lower than they would have today, since the price calculated at the time they were delivered has been taken as a reference. In addition, the monthly payments that have been paid so far as rent will be deducted from the amount that each awardee has to pay. The amount remaining until its total amortization can be paid in up to 25 years.
During the act of delivery of the aforementioned deeds, Jerónimo Fregel assured that yesterday was a happy day not only for the families who received their apartments in ownership, but also for the Canary Islands Housing Institute, since "the political commitment that the Government of the Canary Islands assumed with the families awarded the housing groups is fulfilled in the sense of offering them the possibility, if they want, of having said housing in their name".
Fregel stressed that the Ministry makes a great effort to make the dream of these families a reality, while noting that "the eminently social policy carried out by the Autonomous Executive does not exist anywhere else in the Spanish State, so we are especially proud of it".
Access to housing for young people
87% of young people who acquire their first home are between 30 and 34 years old, so the average age at which young people access their first home is 32. The figure drops to 42% in the 25 to 29 age group and to only 3% in ages between 18 and 24 years.
These data are extracted from the latest study conducted by HipotecaGratis, and have been obtained through 2000 telephone requests received between the last two months in the Canary Islands. The study collects information on the purchasing habits of young people between 18 and 34 years old.
48% of young people opt for buying as a couple, compared to 7% who do so alone. The rest of the young people in the Canary Islands between 18 and 34 years old, 55%, still live in their parents' home or rent.
The most demanded housing among this group is 90 m2. The price per m2 of used housing in the capitals is around €1500, while in the provinces it is cheaper up to €1410.
In the Canary Islands, the number of young people who access their first property has increased by 9% compared to the previous year. One of the causes that have provoked this purchasing spirit has been the slight decrease in the effort that young people must make. Specifically, this effort represents 26% of the family income for those who buy as a couple and is increased by 58% for those who do so alone. The economic factors that have influenced the purchasing spirit of housing are due to the improvement in the standard of living as a result of the decrease in interest rates, adopted as a reference for setting mortgage loans, as well as the moderation of the growth of housing prices, despite having increased by 11% compared to the previous year.
