Project 1 (Arguineguin, Mogan): 59 VPO homes, entirely price-regulated rental (alquiler tasado), ~€10m, ready end of 2026
Project 2 (adjoining plot): 71 homes, also fully protected rental, ~€12m, ready Dec 2027
Project 3 (Bellavista, San Bartolome): the rest of the 326, ~€30m, ready end of 2028
Track record: over 30 years Lopesan has built 1,361 mostly protected homes
Sources: Lopesan (press release), elDiario.es/Canarias Ahora, Canarias7
Let's start with what makes the plan special: it is not about expensive owner-occupier flats for the open market, but largely about protected rental housing. The first stage in the Loma de Pino Seco development in Arguineguin comprises 59 homes with official protected status (VPO), all let on "alquiler tasado" — a regulated, expressly affordable rent.
Mostly three-bedroom flats with two bathrooms, garage and storeroom are planned, plus penthouse units. Investment: around ten million euros, completion end of 2026.
Three projects, staggered to 2028
On an adjoining plot in the same development comes a second complex of 71 homes, also entirely as protected rental — two-bedroom apartments with parking spaces, storerooms and penthouses, around twelve million euros, construction starting after summer 2026, completion December 2027. The third and largest venture is rising in Bellavista in San Bartolome de Tirajana, an established residential and commercial location in the south, with an investment of around thirty million euros and completion end of 2028.
Together the three projects make up the announced 326 homes.
The location is attractive for residents: Arguineguin offers good motorway links, proximity to shopping centres and amenities, and just a five-minute walk to the beach. Lopesan is no newcomer to housing — by its own account the group has built 1,361 mostly protected homes over three decades, spread across Las Palmas (266), San Bartolome de Tirajana (778) and Mogan (317).
That is exactly where its significance lies: as we showed in our analysis of the housing gap, the Canaries are short of tens of thousands of homes, and new building covers only a fraction of the households forming each year. The fact that a major private investor is now deliberately building protected rental homes is therefore notable — above all because subsidised rental is precisely the segment that is most urgently needed and least built.
Frequently asked questions
- How many homes is Lopesan building — and where?
- 326 in total, in three projects in Mogan (Arguineguin) and San Bartolome de Tirajana (Bellavista), staggered to 2028.
- Are these expensive open-market flats?
- No. At least the first two projects (59 + 71 homes) are entirely protected rental (VPO/alquiler tasado) with a regulated, affordable price.
- When will they be ready?
- Project 1 end of 2026, Project 2 December 2027, Project 3 (Bellavista) end of 2028.
- Does this solve Gran Canaria's housing crisis?
- No. It is a concrete, welcome contribution, but a small part measured against the islands' housing gap. What helps most is that it is protected rental.
- How does one get such a home?
- Through the regulated allocation procedures for protected homes, with access conditions. Details for the Lopesan projects had not yet been finalised.
Read on
- Meloneras: Lopesan 953-room hotel plan, no opening dateGran Canaria · 5 November
- 75 percent protected housing: Mogán's new general plan locks in around 3,000 subsidised homesGran Canaria · 26 September
- A Court Ruling Has Frozen Gran Canaria's Construction SectorGran Canaria · 15 May
- Gran Canaria strike 11 Nov: march 18:00, buses unconfirmedGran Canaria · 10 November
- Gran Canaria petrol from €1.345 a litre in IngenioGran Canaria · 10 November
- All events on Gran Canaria →
As of 26/06/2026. Sources include Lopesan (press release of 26/06/2026), elDiario.es/Canarias Ahora and Canarias7. Figures, investment sums and completion dates are based on company statements and may change as projects progress. This article is general information and not legal, tenancy or investment advice. Illustration (Lopesan resort), not the housing project described.