August 28, 2007
Buy-to-Let in the Canary Islands - Part 1
If you are considering a buy-to-let property in Spain, the Canary Islands could be just the location you are dreaming of.
Located off the north-west coast of Africa, the Canary Islands are extremely temperate receiving sunshine throughout the entire year. The principal islands for tourists are Gran Canaria, Lanzarote, Fuerteventura and Tenerife so searching any one of these islands for a buy-to-let should yield something for everyone.
The Canary Islands have been described by many as tropical paradises. Around ten million holidaymakers each year tend to agree with this view, and with this volume of visitors you can see how a Canary Islands buy-to-let in this beautiful part of Spain might work out well for you.
There is a very high demand for rental properties on the Canary Islands, particularly if the property is comfortable and well maintained as the quality of some of the Islands’ accommodation has been criticized by Spain’s head of tourism.
Another reason you might want to consider purchasing a Canary Islands property is that Spain itself has been massively promoting the Canaries for the last two years or so: in 2005 almost 25% of Spain’s external tourist promotion funds were spent on advertising the Canaries alone, and investment into promoting the islands has yet to wane. Such promotion can only serve to create more demand for rental properties in the future.
Aside from these facts the Canary Islands offer an inviting mixture of stunning beaches, warm seas, incredible volcanic scenery and good nightlife… they really have all the things you’d like to have on the doorstep of your buy-to-let!