The La Oliva Council has approved the licence for the construction of 77 affordable residential rental properties in the La Bocaina area of Corralejo, addressing the ongoing challenges of the housing market in the region.
The project, led by the Canarian Housing Institute (ICV), aims to improve access to quality housing for local residents.
According to the council, the initiative is part of a broader effort to ensure that all residents have access to good quality reasonably priced housing. The project will also include 89 underground parking spaces, enhancing the facilities available to tenants.
This development is part of a wider strategy, which also includes the construction of 48 homes in Panorama Tres Islas, bringing the total number of new affordable homes in Corralejo to 119. These properties will be available at a rate not exceeding 20% of the Public Indicator of Multiple Effects Income (IPREM), ensuring affordability for local families.
A Step Towards More Accessible Housing
La Oliva’s mayor, Isaí Blanco, emphasised the urgent need for more affordable housing options:
"All residents of La Oliva are well aware of the high rental prices in our municipality. With these projects, we are not only increasing the number of homes available but also ensuring fair and reasonable rents for young people, workers, and those struggling to make ends meet or find a home that meets their needs."
The town council has reaffirmed its commitment to making affordable housing a reality, helping to provide stability for families and individuals in the area.
