Young people in Fuerteventura, from 18 to 40 years old, can access grants for the purchase of housing in 2026, highlighting the Hipoteca Joven Canaria (financing up to 95% with a 15% guarantee from the Government) and direct aid of up to €11,000.
The requirements: the purchase must be a first home, the price must be less than €200,000 and you must have lived on the island for at least 2 years.
The Canary Islands Youth Mortgage and ICAVI Direct Subsidies
The Government of the Canary Islands, through the Canary Islands Housing Institute (ICAVI), has reformulated its bases for the period 2025-2026. One of the most relevant measures is the direct subsidy of up to 11,000 euros for the acquisition of the first habitual residence.
This aid requires that the property be located in the archipelago and that the purchase price does not exceed certain limits that have recently been raised.
In Fuerteventura (non-capital island), the price limit for accessing this aid is 200,000 euros. In addition, the“Hipoteca Joven Canaria” offers an autonomous guarantee of 15% that allows to reach 95% financing with the collaborating banks, aimed at young people up to 40 years of age.
Novelties of Law 9/2025 of the General Budget of the Canary Islands for 2026
The Canary Islands Budget Law 9/2025, published on December 29, 2025, introduces significant changes in real estate taxation for 2026, with the aim of alleviating the tax burden on the purchase of primary residences.
Notable modifications to Destiny Home’s strategic direction include:
- Extension of the age for tax benefits: The age limit for reduced tax rates is raised from 35 to 40 years old.
- Increase in the maximum price of the property: The maximum taxable base for applying the reduced ITP rate of 5% increases from 150,000 to 200,000 euros.
- Adjustment of income thresholds: The family income limit to access these deductions is raised to 46,455 euros gross per year.
- Super-reduced IGIC: The rate of 3% is maintained for the delivery of newly built homes for the habitual residence of young people (up to 35 years of age) and large families, provided that the new income thresholds are met.
| Tax / Rate 2026 | General Type | Reduced Rate (Habitual Housing <200k) |
| ITP (Transmissions) | 6,5% | 5.0% (or 4.0% for specific groups) |
| IGIC (New Housing) | 7,0% | 3.0% (with age and income requirements) |
| AJD (Legal Acts) | 1,0% | 0.4% (for young people <35 years old) |
Source: Analysis of Law 9/2025 and BOC No. 256.
Destiny Home Opportunity Portfolio under 200,000 Euros
To capitalize on the ICAVI subsidies, Destiny Home has selected a number of assets that meet the maximum price requirement of 200,000 euros, combining new construction for immediate delivery with second-hand and refurbished bank assets.
Origo Mare: New Construction in Majanicho
The urbanization Origo Mare is presented as the most solid new build opportunity in the north of Fuerteventura. With starting prices from 169.000 euros, these properties are ideal for young people looking for a quiet environment close to Corralejo and El Cotillo.
- 1 bedroom bungalows (from 169.000 €): 42 m2 of interior with private terraces and solarium totaling 97 m2. They are delivered fully furnished and with air conditioning installed.
Second hand homes in Fuerteventura for less than 200.000 euros
As leaders in bank repossessions, Destiny Home markets refurbished apartments in the Oasis Dunas complex (Corralejo) for Oasis Dunas complex (Corralejo) for 147.870 euros. These assets are in high demand due to their central location and their potential for revaluation in the long term rental market.
Other options include apartments in Corralejo, like this one investment opportunity with tourist license for 195,000 euros:
In the area of Puerto del Rosario we have several properties that fit the price requirements, under 200.000 euros:
Apartment in Puerto del Rosario with 2 bedrooms, in a semibasement of a modern building with elevator, with parking space included, for 185.000€. The apartment is delivered fully furnished, ready to move in. It also has aluminum windows with shutters, which guarantee good insulation and comfort. An ideal opportunity both as a permanent residence and as an investment, in one of the best areas of Puerto del Rosario.
Duplex in Puerto del Rosario, 3 bedrooms, all with fitted closets, two bathrooms and a toilet. A functional, comfortable and well located property, perfect both as a permanent residence and as an investment, for 190.000€,
Apartment with 2 bedrooms and 2 complete bathrooms in Buenavista, a quiet residential area of Puerto del Rosario, surrounded by all the necessary services for your comfort, for 180.000€. The furnished kitchen is equipped with new appliances, as you can see in the picture, and integrates perfectly with the living-dining room, creating an open and cozy atmosphere ideal for sharing moments with family or friends.
Plots can also be found in Villaverde from 99,000 euros for self-construction projects, which are also eligible for specific lines of financing.
+ Homes for sale in Fuerteventura below 200.000 euros
The ICO Guarantee: The 20% State Impulse
The biggest traditional obstacle to buying a home has been the “20% down payment” that banks do not finance. Thanks to the extension of the ICO Guarantees until December 31, 2027, the State acts as your guarantor before the bank for that missing tranche.
Aimed at young people up to 35 years of age and families with dependent minors, regardless of the age of the parents. The requirement is not to exceed an income of 37,800 euros gross per person per year.
This mechanism allows the buyer to finance up to 100% of the value of the property, eliminating the need to have the 20% savings that banks traditionally require. The guarantee covers precisely this missing portion, with a standard coverage of 20%, which is increased to 25% if the property has an A, B, C or D energy rating.
| ICO Guarantee Parameter | Requirement / Detail |
| Age Limit | < 35 years old (no limit for families with minors) |
| Maximum Income | 37,800 € gross/year (4.5x IPREM) |
| Residence in Spain | 2 years of continuous accreditation |
| Maximum Equity | 100,000 per buyer |
| Application Deadline | Until December 31, 2027 (official extension) |
| Validity of the Guaranty | 10 years since signing |
Source: MIVAU guidelines and reports from member financial institutions.
This guarantee is compatible with the regional tax rebates, which means that the buyer only has to have approximately 10-12% of the price to cover notary fees and taxes, instead of the usual 30-32%.
Aid for the purchase of housing in Fuerteventura
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Sources: Ministry of Housing of the Government of the Canary Islands, MIVAU Guidelines and reports from member financial institutions.
Cover image and infographics, created with AI.
