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New 5 star luxury gated development in a prime location in Hurghada city centre.
Apartments from only £19,964 to £60,000 Easy Payment Plan More »
WHERE TO BUY PROPERTY ON THE CANARY ISLANDS
The
islands of Tenerife and Gran Canaria have led the market development,
however Fuerteventura is currently experiencing the most growth.
Dozens of new developments are underway on the island, the fastest growing of which is the Caleta de Fuste 18-hole championship golfing development. Another expanding area is Corralejo in the north. Focused around a small fishing port, it’s bordered by the sand dunes and beaches of the Las Dunas National Park. The area is protected from development, with buildings limited to a maximum of three storeys, plus there are a number of restaurants, along with the ferry port to Lanzarote. Prices are excellent too – a one-bedroom apartment with sea views that sold for 73,500€ last year would now cost 108,000€.
Tenerife
Tenerife
is still the most popular destination in the islands with both
holiday-makers and second-home buyers. The two main resorts are
Los Cristianos and Playa de las Americas, where a two-bedroom
flat will cost an average of 250,000€. However if you look
towards the outskirts of the main resort, you can pick up a two-bedroom
house with a pool for 220,000€.
Gran Canaria
The biggest resorts of Gran Canaria’s are Maspalomas and Playa del Inglés. They offer luxury properties, although you can find some quieter residential areas away from the harbour. Prices here start at around 184,000€ for a two-bedroom apartment, while a two-bedroom house with a pool averages 310,000€.
Lanzarote
Lanzarote
offers a real selection of properties, with one-bedroom apartments
starting at 66,000€, and exclusive villas at 590,000€.
The most popular – and most expensive – resorts are those of Puerto
del Carmen, Playa Blanca and Costa Teguise. Less developed and
more affordable than its neighbours, apartments here start at
124,000€, while a three-bedroom villa averages 396,000€.
La Gomera
La Gomera has become popular in recent years with the onset of ecotourism. New developments include the Valle Gran Rey, while other popular areas are San Sebastián de la Gomera, Vallehermoso and Agulo. Expect to pay 146,000€ for a two-bedroom apartment, rising to 234,000€ for a four-bedroom villa.
Mortgage Calculator
How much that dream property or investment property will cost? Click here to use our handy mortgage calculator to work out your payments.
Shared Ownership
Rising prices have meant that people wanting to own a holiday home in Spain are finding it harder to raise the finance. Shared ownership could be the answer. Unlike timeshare, you actually hold Title Deeds and own a percentage of that property.... More »