Buying Guide Details

Buying Property in the Canary Islands

Overview

The Canary Islands have been very popular with overseas property buyers since the early days of the package holiday in the 1960s. Having had a taste of the terrific climate, stunning beaches and spectacular scenery that these two island groups have to offer, holidaymakers became property owners with their own summer getaway or retirement property.

Property buyers and investors are attracted to the Canary Islands by a fantastic year-round climate and a great range of property for sale in the Canary Islands that are generally less expensive than the equivalent on some of Spain’s most popular costas. Though prices are generally on the high side for Spain as a whole, there’s a huge choice of properties in the Canary Islands for most budgets.

Where to buy property in the Canary Islands (Islas Canarias)

Located off the coast of northern Africa, seven major islands comprise the Canaries: Gran Canaria, Tenerife, Lanzarote, Fuerteventura, La Palma, La Gomera and El Hierro. Flights to this island group, the most southerly point of Europe, take around four hours from the UK, though some of the islands can only be reached by connecting air and sea services.

Prices of property in the Canary Islands have been dictated by the region’s desirability as a tourist destination and growing restrictions on new developments – a limited supply of properties and high demand pushing up the value of existing properties. Most of the islands benefit from decent facilities in health and education, including international schools, and English is widely spoken.

Golf property in the Canary Islands is very popular due to the year-round playing conditions provided by the excellent weather – even in winter, temperatures rarely fall below 18°C. There’s a healthy re-sale market of traditional and modern properties. As is often the case, prices of property in the Canary Islands are generally cheaper inland than they are on the coasts – but all the islands are small enough that the beach is never far away.

There's also a range of articles for you to read about buying property in Spain:

• Buying property on the Spanish Islands
• Buying property on Spain's islands

as well as overseas news stories affecting the property market in Spain or view our range of property for sale in Canary Islands.