Canary Islands housing budget 2027: 24.6% rise

What changes for renters and visitors?

For renters, residents and visitors, nothing tangible changes in 2027 for now. The draft creates no entitlements until parliament says yes, and the government's announcement names no new rules, deadlines or application routes.

The housing institute, the Instituto Canario de la Vivienda (ICAVI), plans 84.7 million euros for rent and purchase subsidies, according to Pablo Rodríguez's department. The government has not yet published a call for 2027, nor any dates or conditions.

Nobody has said how the money splits between the islands, whether Tenerife, Gran Canaria or Fuerteventura. So it is impossible to say whether any of it will reach the southern holiday resorts.

Public transport stays in the budget, with 99.6 million euros to support it, including free fares on the local bus (guagua). Whether the conditions for free travel will change, the documents do not say.

Where do the 551 million euros go?

The department receives 551,082,944 euros in 2027, the government announced on 3 November 2026. Pablo Rodríguez heads it as Consejero (minister) for Obras Públicas, Vivienda y Movilidad.

ICAVI gets 249,052,938 euros, 26% more than in 2026. It is the institute's highest budget for the fourth year running.

Public homes take the biggest single slice: 93.3 million euros for building them and 51 million for refurbishment and upkeep. The government says 3,963 public homes are at various stages of planning and construction.

Roads receive 227.4 million euros, of which 215 million come from the Convenio de Carreteras 2018-2027, the roads agreement between the state and the Canaries. Transport and mobility as a whole gets 147.3 million euros.

Puertos Canarios (the Canary Islands ports authority) receive 30.4 million euros. The Viceconsejería de Infraestructuras gets 10.6 million for the blue economy and innovation, and the coastal administration 3.6 million for the Canarian coastal law.

How big is the rise in the overall budget?

Housing grows fastest, by 48.6 million euros or 24.6%, in a draft budget of 13,209 million euros. On 26 October 2026 the Consejo de Gobierno (regional cabinet) approved that total, which is 717.6 million, or 5.7%, more than in 2026.

Health adds the most money, 409 million euros, and passes 5,000 million for the first time. Education grows by 217 million and social affairs by 197 million, so housing still leads in percentage terms.

Matilde Asián, Consejera de Hacienda (finance), expects 1.1% growth, 3.1% inflation and 12.4% unemployment in 2027. About 500 million euros of EU recovery funds fall away, and the budget must also cover a 4.5% public-sector pay rise.

The draft breaks the government's own limit. In July 2026 the government set the spending ceiling at 12,912 million euros, and the documents give no explanation for the gap.

The 2026 budget, for comparison, was 12,491.4 million euros. That makes the new draft a clear step up.

What is behind the roads agreement with the state?

The Convenio de Carreteras governs road funding between the state and the Canaries and runs from 2018 to 2027. An addendum extends it to 2030, and a draft was approved on 19 March 2025.

Both sides signed the third addendum in September 2025. The state pays and the Canarian government carries out the works, the government says.

The Consejo de Ministros (Spanish cabinet) approved 407.4 million euros of future state spending for the addendum, about 273 million of it for 2026 and 2027. According to the Canarian government, the whole agreement now comes to 1,607.4 million euros.

Pablo Rodríguez calls housing and mobility the islands' biggest challenges. Building roads alone will not solve traffic problems, the Consejero says.

When does parliament vote?

The finance department handed the draft to the Parlamento de Canarias on 30 October 2026, ahead of the legal deadline of 1 November. The government says it has managed this for the fourth year running.

The documents give no timetable for amendments, committees or the final vote. Anyone interested should check the calendar on parcan.es.

Last year's budget offers a rough guide. Parliament passed the 2026 budget on 16 December 2025, after committee sessions on 3, 4 and 11 December, but whether 2027 follows a similar path is open.