Canary Island property is still much sought after. At the moment there are some amazing value apartments, villas and land for sale across all of the islands.
The recession has slowed things down but keen investors are keeping an eye out for the right priced property in the perfect location for them.
The good news is that mortgage repayments are very low. Most mortgages are calculated on the Euribor rates that are currently around two per cent. This means that a 60,000 euro mortgage will have monthly repayments in the region of 270 euros. A modest rental income on any kind of apartment would easily cover this allowing free accommodation for holidays and a modest profit.