Canary Island Property

In a recent study by globaledge.co.uk, using keyword analysis tool word-tracker, to analyse the most popular searches for overseas property by country, the Canary Islands proved one of the biggest shockers, with Tenerife making it into the top-ten, Fuerteventura not far behind, and even the localities of Costa Teguise (Lanzarote), Palm Mar (Tenerife), and Caleta de Fuste (Fuerteventura) all making it into the top 70.

This is a major insight into the Canary Islands growing popularity as a property investment destination. David Stanley Redfern Ltd, ever-a-finger on the pulse of overseas property investment trends have just added a new Tenerife property: the Parque don José, a fully equipped resort development, in an area perfect for holiday makers, near Las Galletas in Costa del Silencio.

Liam Bailey, head of international research for David Stanley Redfern Ltd, had this to say on the property's growth potential:
"As an investment, Parque don José has bucket loads of potential, especially for holiday home investors, i.e. who intend to make money from its rental when hot holidaying in it themselves. Though never scorching, the Canary Islands is warm all year round, and Tenerife tourism is on the rise again as Spain gets too hot, sticky and crowded, so occupancy on Tenerife property will be between 80 and 100%, allowing investors to make rental yields of between 8 and 10% depending on how much the use it themselves.

"Capital appreciation on these apartments is likely to be around 10%-15% per year. Tenerife property prices are slightly higher than some of the new emerging markets, but you are paying extra for the safety of buying an existing property that you can use/rent-out straight away, and in a secure, established market, which also has a well developed infrastructure already geared up for tourism, making it the property easy to market for holiday rentals.

Planning permission was recently passed for a new five star hotel, an artificial beach and a spa, indicating that Costa del Silencio is a new growth area. The Parque don José resort itself has just received an EU grant, to be used for making massive upgrades to the resort, which will push up prices. Now is the time to buy.

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About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey at media@davidstanleyredfern.com

The Canary Islands, is and probably always will be one of the world's biggest tourism destinations. And because of that fact it is a strong favourite on the international property investment scene. It doesn't matter what is said about people getting tired of lying on a Spanish beach year in year out causing increasing popularity of skiing and adventure holidays, because for every 1000 people who tire of sun-bathing and head for the slopes, there is another generation of people growing up that will be heading for the beaches every year from now until they get tired of it. When it comes to finding a beach to lie on, most people (ten million+ per year) head for the Canary Islands.

I remember the conversations from my childhood, when pupils would stand in front of the class after the holidays and talk about their holiday, 9-10 would be Canary Island stories. But what's the big attraction:

Well, even sun-loving beach babies don't like it to be too hot, and the Canary Islands offers the perfect temperature almost all year round. The longer period of warm weather means the holiday season is more spread out, which means sunbathers aren't as sardine-packed as they are on Spanish beaches. A catch-phrase for the all-year round climate is: the only place you can play golf in the sun on Christmas Day. In that statement lies another attraction: the wealth of excellent golf courses and facilities on offer:

None finer than the world-class Feurteventura golf course and holiday resort: David Stanley Redfern Ltd have a range of 2-3 bedroom townhouses on the resort, prices from £158,000. The La Colina complex is right above the 18th tee, so golfers can head straight out onto the course every morning, and their wife could be waiting for them when they finish, Sangria in hand optional. Each villa has 2 bathrooms, a fitted kitchen, big balcony, sea and golf views, as well as private parking and use of the communal swimming pool.

These are good for any type of investment, caital appreciation is solid at 10-15%, and while rental yields are an unspectacular 7%, the potential for all year round rental is unsurpassed by any other market in the world. Buying costs are a moderate 11%, and capital gains tax a reasonable 18%. There are a lot of taxation issues to consider when buying a Canary Island property, because of the creation of the canaries special zone Zona Especial Canaria (ZEC), which provides tax relief, but mainly only to companies, so the rule for all property purchases, to take professional advice and hire a solicitor is even more important when it comes to the Canary Islands.

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More and more overseas property investors are opting to buy into the Canaries with its reputation for being one of the world's friendliest nations. David Stanley Redfern Ltd are award winning overseas property investment specialists, who are already noticing an increase in interest they're receiving about a place that already draws 10 million tourists a year.

With 8 different developments exclusively offered on David Stanley Redfern's website alone, it seemed as good a starting point as any to investigate the standard of residencies available and the kind of capital they command when it comes to snapping one up from such a varied marketplace. Ranging from the 57,000 euro Paraiso Del Sur studios and 1 bed apartments to the 760,000 euros Country House Cruz De Tea 4-7 bedroom mansions situated on 8000s.m of land. Each is equally as impressive as the last and the serene ocean views seem to come free of charge with each accommodation!

The latest advertising campaign to come from the Canary Islands promotions team is simple, effective and cunningly clever in its delivery: Above poignantly soft, sentimental images of distant loved ones going about their day, head in the clouds dreaming of missed loved ones, comes a yearning voice over asking: "Do you really know your brother, sister, your neighbour? Do you really know them?" Then it cuts straight into breathtaking images of the Canary Islands with an emotional song to accompany them before closing with a final "The Canary Islands, do you really know them?"

Evidently the TV campaign is serving its purpose well; enticing those who hold no claims of knowing the Canaries, challenging those that do. The key underlying fact of the statement of course is the fact that the Canaries are unquestionably stunning. They're so expansive that yes, there are going to be regions out there that even the most ardent explorers haven't discovered.

To summarise then, the Canaries already attract 10 million visitors to its shores per year. Their annual average temperature of 22o is obviously inviting and the sheer quality of the property available is simply world class. Contact David Stanley Redfern Ltd today with any queries.

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