Fuerteventura housing agreement backs 176 public rental homes in Corralejo and Puerto del Rosario
Work is under way on 124 of the planned homes. Another 24 are due to start in December, while a 28-home project is awaiting tender.
Fuerteventura’s Cabildo and the Canary Islands Government have formalised a funding agreement for 176 public homes for social or affordable rent in Corralejo and Puerto del Rosario. Construction has already begun on 124 of them, while the remaining 52 are at different stages of planning.
The four developments have an estimated combined cost of €29,322,162. The agreement, published in the Official Gazette of the Canary Islands on 11 November, sets a 48-month period from its signature on 28 October 2026 for all four to be completed.
Where the homes are planned
The largest development is in Corralejo, in the municipality of La Oliva. Work on its 77 homes began on 13 October 2025, with an estimated construction period of 24 months. The €11,112,868 project occupies a plot at the corner of Calle Palangre, Calle Juan Sebastián Elcano and Calle Ciudad Jardín.
In Don Quijote, Puerto del Rosario, construction of 47 homes began on 1 February 2026. The project has an estimated budget of €7,110,230 and a construction period of 20 months. It is on a plot bounded by Calle Don Quijote, Calle Sorolla, Calle Dulcinea and a pedestrian route.
The other two developments are also in Puerto del Rosario:
- Rosa Vila: Work on 24 homes is scheduled to begin in December 2026. The estimated budget is €5,553,890, with a 14-month construction period.
- Bernegal, El Matorral: The 28-home project is awaiting tender, and the agreement does not give a start date. It has an estimated budget of €5,545,172 and an 18-month construction period.
How the projects will be funded
The Canary Islands Housing Institute is due to provide just over €20 million, or 68.36% of the estimated total. European funding accounts for €7,595,362, or 25.90%, through a programme supporting social rental housing in energy-efficient buildings. The programme is funded by the European Union through Next Generation EU.
Fuerteventura’s Cabildo will contribute €1,683,600, or 5.74%, as a direct grant to the housing institute. The agreement provides for the grant to be paid in full after signing, subject to the legal requirements for payment being met.