What real estate is profitable to buy in the Canary Islands

Canary Islands, which are the possessions of Spain, are a hundred kilometers from the coast of Africa. The profitability of the geographical location allows you to develop a resort business in this territory, since the beach season lasts all year round.

If we talk about the features of the real estate market, it should be noted that the procedure for the purchase and sale transactions is as simplified as possible. So, the real estate seller must provide only a few documents that describe the object and states that the owner has no debt. At the same time, a buyer who cannot buy real estate can take a profitable mortgage loan in an amount that should not exceed sixty percent of the price of the object.

To date, real estate of the city of Las Palmas de Gran-Canarius is considered the most expensive throughout the Canary Islands. This city has a significant number of luxurious houses, villas and townhouses that can cost several hundred thousand euros. At the same time, duplexes that have an area of ​​275 square meters can be purchased for four hundred thousand euros, while a seven -room house can be bought for 680 thousand euros. As statistics show, a square meter in a multi -storey building can cost as much as in a separate house. For example, an apartment of eighty -four square meters can cost about 160 thousand euros.