If you are thinking of buying an island holiday property, the Canary Islands are well worth considering. They have excellent infrastructure and everything you need for a quiet and relaxed life. When considering how to choose a property in the Canary Islands for the holidays, you should take into account many factors. For example, location plays an important role. You have to decide whether you wish to own property in the north or south, in a city or a village, whether it should be a new or a second home.
Why is property in the Canary Islands a bargain?
Owning your own property on one of the paradise islands offers many advantages. Firstly, you can without any difficulties and unnecessary hassle to rest there whenever you want. Secondly, having a house or flat in the Canaries, the owner and his family members can get a tourist multi visa under a simplified scheme.
Property in this region – an excellent investment, because then the flat can be rented out. The picturesque archipelago in the Atlantic Ocean is popular with tourists due to its unique climate. And if you choose to rent a villa near the sea, then you don’t have to worry about your own money.
A flat or house in a well-developed area is a great way to start a business and earn a steady income all year round.
Features of the Islands
The property market in the Canary Islands is considered to be one of the most developed and stable in Spain. How do prices here show a steady rise? All due to the lack of available land for construction and, therefore, demand always exceeds supply. Real estate is cheaper here than in Catalonia.
The most popular among foreign tourists and buyers of real estate is Tenerife. This is the main island of the Canary archipelago. The cost per square meter there is traditionally high, because the land given for construction, not so much. Choosing an area to live and relax can be difficult. The biggest resorts and most famous beaches are on the south coast, while the north is home to more traditional villages that boast a variety of attractions and an unbelievable atmosphere.
The choice of where to stay doesn’t end there. Here are other islands worth checking out:
- Gran Canaria has a warmer climate. In demand from foreigners is real estate in the south of the island – the resorts of San Agustin, Maspalomas, Meloneras. There, the bathing season is open throughout the year, perfectly developed infrastructure for the rest. The range of properties is impressive: apartments, cottages, houses, villas.
- La Gomera is ideal for those in search of a peaceful retreat. These properties are usually bought here for leisure rather than for investment.
- Lanzarote is often chosen for unforgettable journeys because of the island’s stunning scenery and luxurious architecture. Lanzarote, with its more than 300 volcanoes, has been dubbed the “Island of Fire”.
- Fuerteventura – The island’s highlight is its many kilometres of beaches where you can find fine, light-coloured sand. You can windsurf, stay in luxury hotels or buy a townhouse to rent out.
Thoroughly examine the peculiarities of life and recreation on each island, you can stop at a suitable option for yourself.
How to make a profit from real estate?
To do this, it is necessary to rent it out. In the Canary Islands, it is profitable to rent by the day.
Is it worth it to rent a flat in Tenerife in 2023?
Yes, but you have to choose the right time to buy, the location, the environment, the layout, the condition of the housing stock.