Canary Islands real estate can give the best all year round holiday rental return of property anywhere in the world. Any Canary Island estate agent will confirm that a Canary Island property in the right position can generate bookings of 80 per cent occupancy. Compared to holiday letting property in mainland Europe or the United Kingdom the annual income can support a far higher level of investment, indeed many buyers discover that the income from a well sited Canary Island property can support a relatively high percentage mortgage.
The wonderful climate gives Canary Island real estate a big advantage, with its warm winters and idyllic summer temperatures, tempered by the Atlantic Ocean and its sea breezes, Canary Islands properties attract visitors all year round. Canary Islands estate agents cannot copy the lifestyle of many mainland agents and close up shop for the ‘off season.’ Obviously there are a few short quieter periods for estate agents in the Canary Islands but these never last for long. Canary Islands properties are always in demand.
Not everyone buys Canary Islands real estate to let out to holiday makers for an income although it certainly helps to pay for the property. Many Canary Islands real estate buyers purchase their properties as an extension of the family home and retain them exclusively for the use as these are of family and close friends. These properties are well sought after by Canary Islands estate agents looking for good quality resale properties, these are often sold fully furnished and present the opportunity for buyers of Canary Islands real estate to take possession and put the property into use immediately. This gives a decided bonus to buyers of Canary Island property trying to complete everything during a short holiday break.
Canary Islands estate agents are not just from the indigenous people but from many different nationalities; as much of the Canary Islands property in the touristic areas is sold to foreigners it follows that many of those contemplating buying Canary Islands real estate will be drawn towards someone speaking their own language. The daunting task of buying Canary Islands property is bad enough without having to do it in a foreign language.
It’s not unusual for estate agents in the Canaries to speak three, four or five languages, something that seems phenomenal to the average British citizen; take a trip down the high street of any tourist resort and check out the Canary Islands real estate agents premises to see how many are owned by ‘foreigners.’
As with all major purchases in life care must be taken to evaluate the authenticity of the vendors; Canary Islands estate agents used to be required to be qualified, this has now changed and many of the better Canary Islands estate agents are applying to affiliate to recognized trade authorities. One good example is Tenerife Property Shop in Tenerife who have won many awards for the quality of their service as a top Canary Islands estate agent.
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