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.
Saturday, 5 July 2008
Subscribe to:
Posts (Atom)
Posts
