Investment Property in Spain

Fuerteventura is an excellent investment area, and without doubt, the jewel in the crown of the Canary Islands. Investment property in Fuerteventura is becoming more and more sought after every year.

Fuerteventura holds a multitude of profit-making possibilities for investors. Shrewd investors are taking advantage of the growing numbers of resales, off plan and new development opportunities this emerging market offers. With superb beaches and year round sunshine Fuerteventura provides almost guaranteed returns.

Why invest in Fuerteventura?
The growing numbers of visitors to the island are having a knock-on effect of pushing up property prices, providing a great return for investors.

People aren’t just coming here for the traditional two-week holiday anymore – they’re coming here to live on this island paradise. It’s becoming very popular with both Irish and English expatriates.

Fuerteventura has everything – a perfect climate; amazing beaches; delicious cuisine; a spectacular landscape; and a huge range of outdoor sports available both on land and in the sea.

There are various lucrative investment options to choose from, particularly off plan and buy to let.

With off plan investing you buy property in a new development at a low price and sell it at a profit either prior to completion or when the development is finished. You’ll pay an initial deposit, followed by installments at fixed dates until the project is completed. The advantage of this is that you only need a small mortgage.

Real estate agents often rave about the returns that can be made through off plan investing.

In buy to let situation, you purchase a property, rent it out and ideally the rent should cover the cost of your mortgage. You need to be very up to date with the local letting market as it’s very important to choose a property and location that will rent out easily. You can charge high rents during peak season (for short periods) or get a steady year round rental income from one client.

When buying a re-sale property you’ll be purchasing from the current owner. If you need a Spanish mortgage the bank will first perform a valuation on the property. If the property is less then 10 years old it will still be covered by the builder’s guarantee. In Spain mortgages are offered at 70% of the purchase price for foreigners and 80% if you hold a “Residencia” (Residence Card).

Fuerteventura Island
Located just 100 kms from Africa, Fuertevenutura enjoys over three thousand hours of sunshine a year. It’s a paradise island with wonderful beaches, dunes, and volcanoes.

Fuerteventura is most famous for its beaches. It’s has 157 in total. This is a paradise for water sports fans, windsurfers in particular, as there are constant coastal winds. With fine white sands, pristine turquoise waters and endless surfing opportunities, the beaches here are by far the best on the Canary Islands.

The climate on Fuerteventura ranges from 17°C in January to 25°C in August, making it a popular winter and sun destination.

Fuerteventura has tremendous investment potential both as a place to live and as an area to invest in. At the moment property values are escalating, so if you’re looking for investment property in Fuerteventura now is the right time to move.

There are numerous English speaking agents on the island that can help you with matters concerning investment in properties, project development, financing, buying and selling, dealing with architects and the local government.