The Canary Islands real Estate market sets itself aside from mainland Spain, canary islands golf courses and all year round sunshine

Canary Islands leading Spanish Real Estate Opportunities

18/06/2008
New research reveals the Canary Islands are becoming increasingly popular with overseas investors. In particular buy to let properties are doing exceedingly well.
According to a study by Globaledge.co.uk the popularity of the Canary Islands amongst property investors has rocketed. In the survey Tenerife appeared in the top ten, followed closely by Fuerteventura. Regions Costs Teguise in Lanzarote, Palm Mar in Tenerife and Caleta de Fuste in Fuerteventura all made the top 70 most sought after locations.
Overseas property specialists David Stanely Redfern were not surprised by the results. They claim the Canary Islands are attracting an increased number of investors due to its year round sunshine and excellent returns on rental holiday homes. Liam Bailey head of international research for David Stanley Redfern explains:
“Though never scorching, the Canary Islands is warm all year round, and Tenerife tourism is on the rise again.”
Investors make rental yields of between 8 and 10% depending on how much they use it themselves,” adds Bailey.
New developments in the region are set to encourage further interest in the Canary Island. Such developments include new five star hotels, marina’s and golf courses.