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 property Canary Islands and buying property in Canary Islands.
About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property
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