… so here is our sequel to Buy-to-Let in the Canary Islands - Part 1

The following is a summary of perhaps the three most widely known Islands in the Canaries and also what a buy-to-let property in the Canary Islands might yield up to a property investor.

Tenerife

Tenerife is the largest Canary Island. It is also one of the more developed of the Canaries having good travel and tourist infrastructure in place.

Tenerife has great beaches and consequently a thriving tourist industry. The island caters to those seeking night life in bustling resorts and also has one or two more quiet spots that would be more likely to appeal to families or those seeking rest and relaxation. Indeed as an investor it may well be the quieter locations just inland from the coastal areas that you may wish to consider. Such locations straddle the worlds of the active and the passive: your residents will be able to sample the busy nightlife and yet be close enough to catch a cab or bus back to their nice quiet lodgings. 

Lanzarote

Lanzarote is a beautiful island that is also somewhat quieter and smaller than Tenerife. It has been protected from over development and so you will find that none of the buildings are higher than two stories. Also most of Lanzarote’s properties are colored white (like many of the stunning white villages od Andalusia). Lanzarote’s planners have also dictated that the skyline be free from advertising hordings and monstrously high rooftop aeriels. These factors make Lanzarote a great propostion for buy-to-let investors… or for people who want to relocate to sunnier climes: Lanzarote has an average annual temperature of 22 degrees.

Lanzarote has been awarded the status of Biosphere Reserve by UNESCO and was selected by the World Tourism Organization as one of only six locations that provide univeral models of sustainable development.

Of course, all this comes at a price, as Lanzarote has become quite a popular place for buy-to-let investors in the Canary Islands.

Gran Canaria

As one of the first of the Canary Islands to embrace tourism, Gran Canaria has a well developed infrastructure. As it was one of the pioneer tourist islands some parts are in need of upgrading, and this could be an investors dream. Of course, as Gran Canaria is a very popular destination for holiday makers there is good quality rental property and so those not looking to refurbish needn’t be overly concerned.

Tourism is well established on Gran Canaria: it has lovely long sandy beaches, tropical vegetatation and stunninlgy beautiful desert/dune areas. There is also a some very high quality property development currently ocurring on the island, which should be of interest to property investors.

As with all the Canary Islands, Gran Canaria’ weather is excellent providing year round sunshine. If you are seriously considering a buy-to-let in the Canary Islands you will be spoilt for choice.

For more information about the Canary Islands, read our site pages here.