Description of Canary Islands
The Canary Islands are officially a part of Spain but, in many respects, could not be further removed. Property investment opportunities in the Canary Islands range from super-low-budget rental studios on Tenerife to exclusive villas on Lanzarote and right through to business rental properties on Fuerteventura.
The abundance of available properties and the staggering new build-rate on most of the Canary Islands makes it difficult to score big with buy-to-sell investments. However, with a perpetual summer climate and over 350 days of sunshine every year, the islands are permanently busy with tourists from all over Europe and Russia – all of whom need short-term rental properties. The consistency regardless of the season is quite remarkable. In addition to the resilient housing markets, which withstand global economic trends, the islands' subtropical climate makes them ideal for holiday homes, with Tenerife, La Palma and Fuerteventura particularly in demand.