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Property Investments On The Canary Islands |
Buying a house before it's even been built?
Not as ludicrous as it may sound. 'Off plan' property purchase is becoming more and more popular as investors seek to maximise their returns. This method of buying has seen spectacular profits for purchasers over the past couple of years in Canary Islands. But what does it mean and how does it work?
Basically, buying 'off plans' means just that. You reserve a property on a new development before the construction is completed, often before it has even started, and in some cases even before the developer has been granted the Licencia de obra (licence to build).
Bargain basement prices
Because you're being asked to buy an architect's drawing and an empty plot of land, the prices are tagged accordingly. In addition, normally you only have to pay approximately 30 per cent of the purchase price as a deposit and then nothing more until completion of the construction, which can then be financed by a 70 per cent mortgage.
Pick of the crop
Buying off plans affords the purchaser to have the first choice of individual properties on a development. Normally when a development is sold, the penthouses, corner units and ground floor apartments with private gardens go first.
Up, up and away
As construction begins and the development begins to take shape or a show home is completed, the price is increased substantially as other prospective purchasers with less imagination than your good selves can see what the homes will look like.
Gift wrapped
Once the development is completely finished, other purchasers are naturally willing to pay more for the finished product decorated with gardens and pool rather than an empty plot of cement and rubble.
Would you buy a property that you couldn't use for 18 months? Yes, if you're a wise investor.
Be gone, Mr Taxman!
An additional bonus is that if you sell the property on or before completion, i.e. before you take possession of the escritura (title deeds), there is no Capital Gains Tax to be paid no matter how big a profit you make.
What's in it for the developer?
At the time of pre-construction the developer is eager to sell as many units as possible to minimise his risk and to negotiate lower interest rates from their investors thus the properties are priced extremely competitively at this stage.
Remember, a 30 per cent deposit is often all you need to invest off plans. Many raise this money by releasing equity in property they already own by remortgaging. A case of borrowing money at a relatively low interest rate and investing it into an investment paying a substantially higher rate. You do the maths!
Property Investments in Canary Islands
Your Choice Canries deal with numerous new developments from one-bedroom apartment complexes to multi million pound luxury villas. We offer professional, friendly advice on all aspects of buying 'off plan'. Please select any of the 'off plan' developments featured here and email us for more information . We specialise in promoting the best off plan investment opportunities to help you maximise the return on your investment.
| New Developments |
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| Title Dinastia |
| Location Los Cristianos |
| Island Tenerife |
| Property Type Apartment |
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| Property Code KPT 003 |
| Bedrooms 1/2/3 |
| Price €141,000 - €194,000 For sale |
| Add to property list |
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Brief Description
Be part of the last exclusive development to be constructed in Tenerife’s most sought after area. Only three minutes from the new beach of Los Cristianos and five minutes from the town center, the new complex consists of a wide selection of one, two and three bedroom apartments – with penthouses also available for early purchasers.
An ideal opportunity for property investment!!!
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| New Developments |
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| Title Bellamar |
| Location Costa Adeje |
| Island Tenerife |
| Property Type Apartment |
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| Property Code KPT 005 |
| Bedrooms 1/2/3 |
| Price €143,170 - €271,920 For sale |
| Add to property list |
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Brief Description
This prestigious complex overlooks Tenerife’s finest residential area and is constructed, to very high standards, by one of Spain’s foremost developers. With architecture that elegantly complements the beautiful surroundings; this is one of the most exceptional purchases on the market today and really must been seen to be appreciated.
An ideal opportunity for property investment!!! |
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| New Developments |
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| Title El Mirrador |
| Location Corralejo |
| Island Fuerteventura |
| Property Type Apartment |
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| Property Code KPF 001 |
| Bedrooms 1-2 |
| Price €160,000 - €200,000 For sale |
| Add to property list |
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Brief Description
El MIRADOR, superb and luxury new development(only 50 on development) of 1 and 2 bed apartments in Corralejo close to water park shops bars and restaurants, large communal pools and spacious gardens.
An ideal opportunity for property investment!!! |
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| New Developments |
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| Title Los Abanicos |
| Location Corralejo |
| Island Fuerteventura |
| Property Type Apartment |
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| Property Code KPF 003 |
| Bedrooms 2 |
| Price €220,872 For sale |
| Add to property list |
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Brief Description
Los Abanicos is a unique design of 2 bed properties in Corralejo, very close to the beach and all other amenities and comes fully furnished down to the salt and pepper!
The inside court yard has a 4 berth Spa also included in the price.
An ideal opportunity for property investment!!! |
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| New Developments |
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| Title Apartment |
| Location Arona |
| Island Tenerife |
| Property Type Apartment |
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| Property Code LP5000 |
| Bedrooms 1-2 |
| Price €127,000 |
| Add to property list |
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Brief Description
PRE CONSTRUCTION APARTMENTS - GREAT INVESTMENT |
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| Residential Properties |
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| Title 50 Apartment in Las Cucharas |
| Location Costa Teguise |
| Island Lanzarote |
| Property Type Apartment |
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| Property Code Los Carmenes |
| Bedrooms 1 |
| Price €94,500 For sale |
| Add to property list |
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Brief Description
50 1 bedroom apartment for sale in Costa Teguise, area Las Cucharas |
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| New Developments |
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| Title Balcon del Los Gigantes |
| Location Los Gigantes |
| Island Tenerife |
| Property Type Apartment |
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| Property Code YCC_A-BLGT |
| Bedrooms 1,2,3 |
| Price Please enquiry |
| Add to property list |
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Brief Description
The BALCÓN DE LOS GIGANTES apartment complex is located at Puerto de Santiago, in front of the cliffs called Los Gigantes. The build is maximum quality and careful design and is in a perfectly developed location, with fully installed amenities and a large variety of services.A luxury new development in a prize position within Puerto de Santiago. Situated next to the well sought after residential complexes, Sansofe and Sansofe Puerto. The complex comprises of 1, 2 and 3 bedroom apartments and penthouses built to the highest standard, with fully fitted amenities and a large variety of services. It is being built by the well known Spanish developer, H10 Domus.
All apartments have an outdoor terrace, with exceptional views over the cliffs, the ocean and the Island of La Gomera. Prices start from 117,800€ for the one bedroom apartments |
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| Residential Properties |
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| Title Atlantic Gardens |
| Location Corralejo |
| Island Fuerteventura |
| Property Type Apartment |
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| Property Code YCC_HF |
| Bedrooms 1 |
| Price €117,000 - €124,000 For sale |
| Add to property list |
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Brief Description
The complex is set in clean and well maintained gardens, with 2 pools, games areas, recreation spaces, bar, restaurant and reception area, combined with entertainment lounge (a novel and unique “marquee”!).
Like its close neighbour, Oasis Dunas, the Atlantic Gardens complex of fully refurbished one bedroomed apartments is situated close to the National Park, an ecologically protected area, with its miles of white sand dunes and quality beaches, and just 3 minutes walk from the newly developed water park and leisure complex, close to the bustling town centre of Correlejo.
An excellent investment opportunity!!
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| New Developments |
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| Title Cape Salema |
| Location |
| Island Tenerife |
| Property Type Apartment |
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| Property Code YCC_HT |
| Bedrooms 1 |
| Price €92,500 - €130,065 For sale |
| Add to property list |
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Brief Description
Cape Salema is situated in the up and coming urbanisation of Palm Mar,which is only 10 minutes out of Los Cristianos.
The complex is situated only 150 meters from the sea and the new promenade and offers an excellent opportunity to invest in the area.
The complex will include a beautiful swimming pool area,all day sun and is finished to the highest standards.This complex must be viewed to appreciate its excellent location.
Prices vary from € 92,500 for pool and Mount Teide views, up to € 130,065 for sea views, are all 1 bed apartments. |
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| Residential Properties |
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| Title Fuente Park |
| Location Corralejo |
| Island Fuerteventura |
| Property Type Apartment |
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| Property Code YCC_HF-Fuente |
| Bedrooms 1 |
| Price 135,000 For sale |
| Add to property list |
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Brief Description
Your Choice Canaries is pleased to bring to market a charming development of 76 one bedroom apartments located in the heart of Corralejo. Each apartment if offered for sale fully furnished including fully fitted kitchen, bedroom and bathroom. All properties have their own private sun terrace overlooking large sub tropical gardens and pool area. Each apartment also benefits from individual air-conditioning units and satellite TV. There are two swimming pools, one for adults the other for children, both of which are heated during the winter months. One site facilities will include pool-side bar and restaurant. The complex is situated 200 metres from the beach.
135,000 euros (reduced from 156,500 euros)
*60-70% mortgages available to non residents over 10, 15, 20 or 30 years.
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| Residential Properties |
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| Title Excellent Investment !!! |
| Location Caleta del Fuste |
| Island Fuerteventura |
| Property Type Villa/Bungalow |
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| Property Code DM_FV_MC010307 |
| Bedrooms 1-2 |
| Price €108,000 For sale |
| Add to property list |
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Brief Description
These single storey, fully furnished and equipped bungalows are open-plan with a lounge, dining area and kitchen. There is a choice of tastefully decorated one or two bedroom bungalows. The one bedroom bungalows have twin beds and a double sofa bed in the living area, sleeping up to four. The two bedroom bungalows each have twin beds as well as a double sofa bed in the lounge and will sleep up to six, there are ceiling fans in the lounge and bedroom. The kitchens come fully equipped with electric hob, microwave, fridge, kettle, coffee maker and toaster. |
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| Residential Properties |
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.jpg "Lupain Properties") |
| Title 4 bedroom House in San Isidro |
| Location San Isidro |
| Island Tenerife |
| Property Type Townhouse |
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| Property Code LP4042 |
| Bedrooms 4 |
| Price €178,500 For sale |
| Add to property list |
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Brief Description
Good bargain for quick sale. 4 bed house in San Isidro, expanding area due to the new port. Quiet area, fairly near to communications and school. |
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| Residential Properties |
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| Title 2 bedroom Apartment in Playa |
| Location Playa de Las Americas |
| Island Tenerife |
| Property Type |
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| Property Code LP2322 |
| Bedrooms 2 |
| Price €251,500 For sale |
| Add to property list |
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Brief Description
Very large 2 bed in this centrally located complex in Las Americas. There are lots of shops, restaurants and bars around and the beach is 5 mins away walking. The complex has a comunity pool, laundry and pool bar. The price includes a parking space. |
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| Residential Properties |
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| Title Finca in Granadilla |
| Location Granadilla |
| Island Tenerife |
| Property Type |
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| Property Code LP5008 |
| Bedrooms 0 |
| Price €169,050 For sale |
| Add to property list |
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Brief Description
House in ruins, with fantastic potential, in beautiful mountain area. Near to town with good communications. Very unusual and unique opportunity. Has electricity, water y telephone installed. |
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| Residential Properties |
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| Title 8 bedroom Finca in San Miguel |
| Location San Miguel |
| Island Tenerife |
| Property Type |
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| Property Code LP5009 |
| Bedrooms 8 |
| Price €1,102,500 For sale |
| Add to property list |
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Brief Description
Beautiful 200 year old farmhouse in large grounds. Massive cave with billiard table and table tennis, sound system and bar. Private pool. Views down to coast. Fabulous potential in this very unusual property. |
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| Residential Properties |
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| Title Apartment in Playa de Las Ame |
| Location Playa de Las Americas |
| Island Tenerife |
| Property Type |
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| Property Code LP0075 |
| Bedrooms 0 |
| Price €100,000 For sale |
| Add to property list |
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Brief Description
Excellent opportunity to invest in studios in the centre of Las Americas. The complex has a pool and bar. It is right near the beach, the night clubs, shops, bars and restaurants. |
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| Residential Properties |
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| Title Studio in Playa de Las Americ |
| Location Playa de Las Americas |
| Island Tenerife |
| Property Type Apartment |
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| Property Code LP0073 |
| Bedrooms 0 |
| Price €139,000 For sale |
| Add to property list |
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Brief Description
Lovely studio in complex near sea front in Las Americas. 3 mins to beach and surrounded by shops, restaurants and bars, but the studio in a very quiet spot. Suitable for the physically impeeded, Good rents for this property in a very popular complex. |
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| Residential Properties |
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| Title Studio in Playa de Las Americ |
| Location Playa de Las Americas |
| Island Tenerife |
| Property Type Apartment |
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| Property Code LP0074 |
| Bedrooms 0 |
| Price €94,000 For sale |
| Add to property list |
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Brief Description
Large studio in Las Americas, 3 mins to the sea, all amenities close by and good rental income. The studio is offered well furnished and the monthly comunity fees are fully inclusive. |
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| Residential Properties |
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| Title Apartment in Playa de Las Ame |
| Location Playa de Las Americas |
| Island Tenerife |
| Property Type |
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| Property Code LP0076 |
| Bedrooms 0 |
| Price €162,750 For sale |
| Add to property list |
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Brief Description
Studio in very sought after complex in Las Amercias. Surrounded by shops, bars and restaurants near to the beach. Rentals all year round. Possibility to buy garage. |
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