Canary Island Property

Canary Islands: Booming tourism and Bargain property

2008-07-05T00:34:00.001-07:00

Capital appreciation is around 8-10 percent in the Canary Islands, not bad for an established tourist destination where rental yields can reach up to 12 percent and will always be above the 6 percent mark.

The Islands economy is primarily based on tourism; around 10 million tourists visit the Canaries each year and tourism makes up 32 percent of GDP. Growth has been fuelled by huge amounts of Foreign Direct Investment mostly to develop tourism real estate and the Canaries have also received over 11 billion euro from the EU since 2000.

David Stanley Redfern Ltd has three properties on the Spanish archipelago flourishing from all-year-round-warmth and all-year-round tourism.
Parque Don José is a fully equipped resort complex in the Canary Island's Costa del Silencio, near the quaint fishing village of Las Galletas and surrounded by restaurants, cafes, shops, bars and of course fantastic beaches. The resort includes a huge walk-in swimming pool; tennis courts; children’s pool and play area, bar and other amenities. Prices start at £63,000 and the apartments are likely to appreciate anywhere from 10 percent to 15 percent per year.

The overseas property specialists also have a selection of studios and one bedroom apartments in a refurbished complex in Playa Paraiso situated on Tenerife's south west coast. The apartments come with fully fitted kitchens (including cooker; hob; fridge) and brand new bathrooms; large communal pool and pool bar; landscaped communal gardens; secure owners parking and 24 hour security. Offering spectacular views across the Atlantic Ocean to La Gomera and other Canary Islands; prices are from just £50,000, well below the official valuations enabling 100% mortgages to be arranged if required.

The Orlando Complex is in the heart of one of the main tourist areas in the South of Tenerife, just a few minutes walk from the beaches of Torviscas, Fanabe and Puerto Colon. Just ten minutes away is the Water Park and 15 minutes drive is Reina Sofia Airport. The complex has two beautiful pools; children’s pool, and security card entry and exit for extra security. Prices start at £66,000.

Find out more about Canary Islands property.

About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com.

Canary Islands Property Growing in Popularity

2008-05-25T01:53:00.001-07:00

In a recent study by globaledge.co.uk, using keyword analysis tool word-tracker, to analyse the most popular searches for overseas property by country, the Canary Islands proved one of the biggest shockers, with Tenerife making it into the top-ten, Fuerteventura not far behind, and even the localities of Costa Teguise (Lanzarote), Palm Mar (Tenerife), and Caleta de Fuste (Fuerteventura) all making it into the top 70.

This is a major insight into the Canary Islands growing popularity as a property investment destination. David Stanley Redfern Ltd, ever-a-finger on the pulse of overseas property investment trends have just added a new Tenerife property: the Parque don José, a fully equipped resort development, in an area perfect for holiday makers, near Las Galletas in Costa del Silencio.

Liam Bailey, head of international research for David Stanley Redfern Ltd, had this to say on the property's growth potential:
"As an investment, Parque don José has bucket loads of potential, especially for holiday home investors, i.e. who intend to make money from its rental when hot holidaying in it themselves. Though never scorching, the Canary Islands is warm all year round, and Tenerife tourism is on the rise again as Spain gets too hot, sticky and crowded, so occupancy on Tenerife property will be between 80 and 100%, allowing investors to make rental yields of between 8 and 10% depending on how much the use it themselves.

"Capital appreciation on these apartments is likely to be around 10%-15% per year. Tenerife property prices are slightly higher than some of the new emerging markets, but you are paying extra for the safety of buying an existing property that you can use/rent-out straight away, and in a secure, established market, which also has a well developed infrastructure already geared up for tourism, making it the property easy to market for holiday rentals.

Planning permission was recently passed for a new five star hotel, an artificial beach and a spa, indicating that Costa del Silencio is a new growth area. The Parque don José resort itself has just received an EU grant, to be used for making massive upgrades to the resort, which will push up prices. Now is the time to buy.

Find out more about Canary Islands property

About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey at media@davidstanleyredfern.com

Canary Island Tourism Recovery Boosts Property Market

2008-04-03T02:29:00.000-07:00

The Canary Island of Tenerife attracted 1-1.5 million tourists in 2007, from Britain and Ireland alone. And rightly so, from a British perspective it is the only place you can fly to within five hours and have a t-shirt and shorts holiday in January, or any time of the year for that matter. Liam Bailey, head of international research for overseas property specialist David Stanley Redfern explained the Islas Canarias attraction:
"It has always amused me how us Brits complain about the cold in winter, but in summer when we enjoy heat-waves we are running about complaining that we are too hot and you can never get a happy medium. The Canary Islands are the happy medium we are all looking for. Tenerife's strong tourism sector accounts for around 60% of its GDP, and in a joint effort the Canary Islands are doing everything in their power to maintain high levels of tourism. Alongside hosting the Association of British Travel Agents seminar in January, Tenerife's popularity over the year, and the economy's reliance on its tourism sector, means the infrastructure is well developed and a wide range of activities are on offer."

Surfing, snorkelling, scuba-diving, fishing, sailing, ab-sailing, para-gliding, golf, and horse-riding to name but a few of the activities tourists to Tenerife can take part in. All the above gave Tenerife a lot to promote itself on when it hosted the Annual meeting of the Association for British Travel Agents in January. According to Tenerife Based news portal tenerifenews.com the meeting was very good for the island:
"Guests were told that “Tenerife is much more than year-round sunshine, beautiful beaches, a rich and varied landscape, friendly vibrant bars, great food, wine and stylish clubs. It has a sparkling cultural background and an amazing choice of attractions.”
After being shown glimpses of them during the four-day event, delegates said they just had to agree."

Most of David Stanley Redfern's Canary Island investment properties are on Tenerife and you can view them all as well as reading more info on the Canary Islands as a whole at:
http://www.davidstanleyredfern.com/investment-property/canary-islands/
About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey at media@davidstanleyredfern.com

Canary Islands Investment Property will Continue to Soar

2008-02-01T10:26:00.000-08:00

The Canary Islands, is and probably always will be one of the world's biggest tourism destinations. And because of that fact it is a strong favourite on the international property investment scene. It doesn't matter what is said about people getting tired of lying on a Spanish beach year in year out causing increasing popularity of skiing and adventure holidays, because for every 1000 people who tire of sun-bathing and head for the slopes, there is another generation of people growing up that will be heading for the beaches every year from now until they get tired of it. When it comes to finding a beach to lie on, most people (ten million+ per year) head for the Canary Islands.

I remember the conversations from my childhood, when pupils would stand in front of the class after the holidays and talk about their holiday, 9-10 would be Canary Island stories. But what's the big attraction:

Well, even sun-loving beach babies don't like it to be too hot, and the Canary Islands offers the perfect temperature almost all year round. The longer period of warm weather means the holiday season is more spread out, which means sunbathers aren't as sardine-packed as they are on Spanish beaches. A catch-phrase for the all-year round climate is: the only place you can play golf in the sun on Christmas Day. In that statement lies another attraction: the wealth of excellent golf courses and facilities on offer:

None finer than the world-class Feurteventura golf course and holiday resort: David Stanley Redfern Ltd have a range of 2-3 bedroom townhouses on the resort, prices from £158,000. The La Colina complex is right above the 18th tee, so golfers can head straight out onto the course every morning, and their wife could be waiting for them when they finish, Sangria in hand optional. Each villa has 2 bathrooms, a fitted kitchen, big balcony, sea and golf views, as well as private parking and use of the communal swimming pool.

These are good for any type of investment, caital appreciation is solid at 10-15%, and while rental yields are an unspectacular 7%, the potential for all year round rental is unsurpassed by any other market in the world. Buying costs are a moderate 11%, and capital gains tax a reasonable 18%. There are a lot of taxation issues to consider when buying a Canary Island property, because of the creation of the canaries special zone Zona Especial Canaria (ZEC), which provides tax relief, but mainly only to companies, so the rule for all property purchases, to take professional advice and hire a solicitor is even more important when it comes to the Canary Islands.

Find out more about Canary Islands investment property at: http://www.davidstanleyredfern.com/investment-property/canary-islands/

About David Stanley Redfern

David Stanley Redfern Ltd is one of the U.K.'s leading overseas property investment specialists. The reasons for this are an incomparable range of international properties spanning 40 destinations worldwide, and unrivalled customer care, which lasts long after the purchase has been completed. Experienced, professional staff and membership to the overseas property market's regulatory body: the Association for International Property Professionals, as well as their stringent due diligence procedures gives buyers the confidence that any purchase with David Stanley Redfern is a safe one.

Media enquiries should be directed to Liam Bailey: media@davidstanleyredfern.com

Canary Islands Campaign Stirs Fresh Foreign Investment

2008-02-01T10:22:00.000-08:00

More and more overseas property investors are opting to buy into the Canaries with its reputation for being one of the world's friendliest nations. David Stanley Redfern Ltd are award winning overseas property investment specialists, who are already noticing an increase in interest they're receiving about a place that already draws 10 million tourists a year.

With 8 different developments exclusively offered on David Stanley Redfern's website alone, it seemed as good a starting point as any to investigate the standard of residencies available and the kind of capital they command when it comes to snapping one up from such a varied marketplace. Ranging from the 57,000 euro Paraiso Del Sur studios and 1 bed apartments to the 760,000 euros Country House Cruz De Tea 4-7 bedroom mansions situated on 8000s.m of land. Each is equally as impressive as the last and the serene ocean views seem to come free of charge with each accommodation!

The latest advertising campaign to come from the Canary Islands promotions team is simple, effective and cunningly clever in its delivery: Above poignantly soft, sentimental images of distant loved ones going about their day, head in the clouds dreaming of missed loved ones, comes a yearning voice over asking: "Do you really know your brother, sister, your neighbour? Do you really know them?" Then it cuts straight into breathtaking images of the Canary Islands with an emotional song to accompany them before closing with a final "The Canary Islands, do you really know them?"

Evidently the TV campaign is serving its purpose well; enticing those who hold no claims of knowing the Canaries, challenging those that do. The key underlying fact of the statement of course is the fact that the Canaries are unquestionably stunning. They're so expansive that yes, there are going to be regions out there that even the most ardent explorers haven't discovered.

To summarise then, the Canaries already attract 10 million visitors to its shores per year. Their annual average temperature of 22o is obviously inviting and the sheer quality of the property available is simply world class. Contact David Stanley Redfern Ltd today with any queries.

Find out more at http://www.davidstanleyredfern.com.

Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com.

About David Stanley Redfern Ltd

David Stanley Redfern Ltd is an overseas property specialist, working directly with developers in more than forty countries. Most properties are exclusive to David Stanley Redfern Ltd, giving an unparalleled selection of resale and new builds. David Stanley Redfern Ltd is AIPP accredited.