Young people under 35 in the Canary Islands have only 48 hours left to submit their application for the Government of the Canary Islands subsidy program for the purchase of habitual residence. The deadline definitively ends this Monday, May 18, 2026.

This call for applications, managed by the Canarian Institute of Housing (ICAVI), has a budget of 3 million euros and aims to facilitate youth emancipation. The direct aid can reach up to 11,000 euros per beneficiary, an amount that is applied directly to the acquisition cost and is not counted towards expenses or taxes.

To access these funds, applicants must strictly meet several requirements: be 35 years old or younger on the date of the deed, have acquired the property between January 1, 2025, and May 18, 2026, and commit to it being their habitual residence for at least five years. Price limits vary by island: up to 170,000 euros in Tenerife and Gran Canaria, and up to 200,000 euros in non-capital islands or for large families. Furthermore, it is mandatory to have secured a mortgage covering at least 50% of the purchase cost.

The annual income of the household members must not exceed 3, 4, or 5 times the IPREM, depending on whether they fall under general, disability, or large family (general or special) categories. If the property is purchased by a couple, each individual must submit their own application.

Given the tight deadline, essential documentation includes a copy of the acquisition deed, the mortgage deed (if not detailed in the purchase deed), a collective and historical residency certificate, and the signing of the relevant annexes. Submissions are preferably recommended to be made electronically through the regional government's virtual office, using a digital certificate or the Cl@ve system.