0871 423-5051
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0871 423-5051
Only £25 deposit per booking
Buying a property abroad on the Canary Islands is actually quite an easy process these days, with numerous Canaries Real Estate Agents located in the main resort and property booming areas ready and waiting to help. Whilst you're browsing the Canaries looking for the ideal property for you, you'll need temporary accommodation to really get the feel of the area you're intending to move to. Browse the Iknow-Canaries accommodation listings for suitable short or long stay property across the Canaries.
Tenerife property is always a booming concern, with some superb property deals around Playa de las Americas in South Tenerife. Look to leisure golf complexes such as Golf del Sur or to some of the newers booming property suburbs such as Torviscas. Move up the west coast towards Los Gigantes and Puerto Santiago/Playa de la Arena for more great deals. On Lanzarote all three of the main resorts offer a good choice of properties, particularly Playa Blanca to the south. Fuerteventura is seeing some considerable development, particularly around Caleta de Fuste with new golf leisure complexes springing up, and also in the Jandia area. Property investment on the Canaries can be extremely lucrative, and accommodation choices ranges from 1 bedroom apartments and studios with shared pools, to rural fincas and palacial villas with pools. With all year round sunshines, having a second home on the Canaries or moving over there is becoming increasingly popular with British residents.
Lanzarote property is a little more expensive than Tenerife property. One of the key reasons for this is that 90 percent of land on Lanzarote is protected, restricing considerably new build developments (the legacy of Manrique lives on!). This can work the other way too, making investing in an existing Lanzarote property an excellent long-term investment.
There's plenty of Lanzarote property choice, particularly around the three main resort areas of Puerto del Carmen, Costa Teguise and especially Playa Blanca! Other booming areas include suburbs around these three main resorts such as Matagorda and Los Pocillos, Playa Honda near Arrecife and luxury Puerto Calero with its rather posh harbour. Whilst your looking for your property on Lanzarote look to Iknow-Canaries accommodation listings for short-term stays whilst your going through the buying process!
Fuerteventura might just be one of the best Canary Islands for property development over the next 10 years, as it's seeing some considerable development of resources around the resort areas in Jandia and around Caleta de Fuste. A number of real estate agents are located in the Caleta de Fuste area particularly, There's a few new golf courses springing up around Caleta de Fuste and the Jandia region, making both these areas potential property boom areas.
Other areas on Fuerteventura offering a good choice of properties including developing El Cotillo on the north west coast (excellent windsurfing and kitesurfing here) and well established Corralejo with its stunning sand dune backed beaches to the north of Fuerteventura.
Gran Canaria too has an excellent choice of properties from small apartments to luxury villas and houses. Playa del Ingles offers an excellent choice of good value apartments situated within this bustling resort with all the amenities you'll need plus great beaches, and nearby waterparks and golf. For more luxurious accommodation look towards Maspalomas adjacent to Playa del Ingles. Other popular Gran Canaria areas for property purchase include Puerto Rico and its suburb resorts, and Las Palmas the capital (expensive here!).
Gran Canaria's rural interior also offers a choice of beautiful rural finca properties in hotspots such as Artenara, Fataga, San Bartolome de Tirajana and El Salobre.Future and current property development areas include Gran Canaria property hotspots such as Iris in Arguineguin, Arguineguin in general, Monte Golf in Playa del Cura, Sun Club in Playa del Ingles and Bellavista in San Fernando.
Property and real estate for sale on Tenerife is booming and Tenerife remains the most popular of all the Canary Islands for Brits buying property abroad. You can see why, all year round sunshine, good value real estate prices and superb facilities and attractions around the main Tenerife resort hotspots of Los Gigantes, Costa Adeje, Playa de Las Americas and now in the rural areas of La Orotava and the suburbs of Puerto de la Cruz.
The most popular areas for Tenerife Real Estate include the south coast area from El Medano upto the south west resorts clustered around Los Gigantes. Los Gigantes and the Puerto Santiago/Playa de la Arena areas are particularly popular offering a choice of new developments. Other popular areas include the new suburbs around Playa de las Americas including areas such as San Eugenio and Torviscas.
Property for sale in Tenerife is continuing to boom, with prices starting around 60,000 pounds for a 1 bedroom apartments or studio with shared communal pool. Tenerife is the most popular island for Canary Islands properties because it's the cheapest - on Lanzarote and Fuerteventura you'll be looking at a little more. Tenerife property hotspots can be found across the island, either around established resorts or in rural areas. Popular areas for real estate on Tenerife include Playa de las americas and suburbs, Los Cristianos, Adeje and Costa Adeje, property for sale around Golf del Sur (a golfer's paradise) near Las Americas and the municipality of Santiago del Teide which includes Los Gigantes, Playa de la Arena, Playa San Juan, Puerto Santiago and Tamaimo.
Other Tenerife boom areas include rural Guia de Isora, Puerto de la Cruz, Fanabe, Torviscas, Callao Salvaje, Playa Paraiso, San Eugenio and Costa del Silencio.
Numerous real estate companies and real estate agents exist on the main Canary Islands of Tenerife, Gran Canaria, Fuerteventura and Lanzarote. Many are family run and located with specific areas, for example booming Los Gigantes on the South West Coast of Tenerife. Canary Islands real estate agents and estate agents can offer advice and guidance throughout the process, including Spanish mortgage tips, extra tax fee advice (10 percent of the property price is due in tax from the purchaser!) and hints on where to look in Tenerife and elsewhere.
Due to demand for property on the Canaries, mortgages are now easily available to non residents from Spanish banks such as La Caix and Banco Santander, and you can easily be assured 60 percent of the valuation property price. If you provide all the necessary financial information you can receive mortgage confirmation fairly quickly, in around 10 to 15 days! It's well worth looking to obtain local Spanish mortgages as these are extremely good value with low rates of interest around 4 percent variable and 5 percent fixed. The only downside is that you can't get a Spanish mortgage for the full property price - you'll need to provide the remaining 40 percent yourself. It's well worth shopping around the Spanish/Canarian banks for the best deals and real estate agents on the Canaries can help you with this.
Property type choice in the Canary Islands ranges from 1 bedroom apartments and studios to palacial villas with pools. Numerous new develpment complexes are still springing up on the Canary Islands, particularly on Fuerteventura, Tenerife and to a lesser extent Lanzarote.
Buying a property abroad on the Canary Islands is actually quite an easy process these days, with numerous Canaries Real Estate Agents located in the main resort and property booming areas ready and waiting to help (usually with both Spanish and English speaking staff), Spanish banks offer excellent mortgage deals with rates of interest as low as 4 percent. The only downside is that you can only get mortgages for around 60 percent of the property value, so you'll need to stump up the rest yourself. Holding deposits are usually around 3000 to 6000 euros and you're looking at 30 days holding.
During the 30 days you'll be organising to contract for 10 percent of the property value price as well as the holding deposit. Lawyers acting on your behalf (not a legal requirement to use lawyers in Spain, although always a good idea) will draw up the contract to purchase and you're hooked in then to obligation to buy (you'll lose your deposit if you pull out after this point). With the money and documentation in place all that left then is what's callend Notary where a local judge signs the deeds over to you and/or the bank if you're taking out a mortgage. Power of Attorney is possible if you can't get over to sign yourself. NIE numbers (essentially Spanish tax code numbers) are needed prior to the Notary stage and the majority of Canary Islands real estate agents will arrange this for you. It's all as simple as that!
Founded in 2005, The Armchair Property Investor (see weblink right) offers an alternative to pensions and share investment, helping clients to generate wealth through property investment both in the UK and overseas. Based in the North West and the Midlands, the company has developed strong relationships with a number of developers throughout the country and overseas and is able to offer unsurpassable investment opportunities along with creative ways of structuring deals so that only minimal investment is required from clients. Armchair ensure that clients are involved in every part of the process of buying, offering support, guidance, and making the buying process straightforward and easy to understand. There are no hidden charges or extras and no hard sell. Whilst Armchair provide clients with an appraisal of each opportunity, clients are encouraged to conduct their own research into any property they are considering investing in, so they can clearly determine the value of that investment for themselves.
Armchair can also recommend mortgage advisors who will help you to find the best deal to fund your purchase. Clients can register with Armchair as members via their website (linked right), and will then be notified by email of potential property investments. Armchair recognize that most of their clients lead extremely busy lives and may lack the time and/or expertise necessary to invest in property successfully by themselves. Therefore, their mission is to provide a superior level of personal service enabling clients to create substantial wealth through property investment without it using up their valuable time. For more information see Armchair's website right or telephone 0845 230 5195 or out of office hours mobile 07830 143 785.
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