02.22.10
Posted in Canary Island property at 8:38 am by admin
The February to March 2010 issue of the Canary Island property magazine is out now. Freedom4sale magazine issue 56 covers property for sale in the Canary Islands.
In this months magazine there are articles covering:
Fuerteventura estate agent ‘Aurytur Real Estate’ – Get to know them and their views on the Fuerteventura property scene.
Other articles in this magazine cover recent Canary Island property news. There is a good feature showing the difference between schools in the UK and the Canaries. Find out how to sharpen up your negotiation skills when buying your dream apartment or house in one of the Canarian islands.
We asked estate agents in Lanzarote, Fuerteventura, Gran Canaria and Tenerife to send us their hostest properties. Take a look for yourselves at some of these amazing bargains.
This year has seen a massive rise in traffic on the Freedom4sale.com web site. January was up by over twenty five percent on any month in the last year. Throughout the Canary Islands property prices are at an all time low. As economies across the rest of Europe recover shrewd investors are realising the value in a house in the Canaries.
The best value houses currently for sale are the mid ranged apartments and villas that have been reduced. Many properties are down in price by as much as thirty per cent. Now is the time when people can really buy low and sell high.
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01.21.10
Posted in Canary Island property at 8:53 am by admin
The 55th issue of Freedom4sale magazine is out now. The January 2010 issue of the only specialist Canary Island property magazine can be ordered or downloaded from the freedom4sale.com web site.
As ever the magazine is a section for the islands of Lanzarote, Fuerteventura, Tenerife and Gran Canaria packed full of property for sale and rent.
Property articles include:
An estate agent focus on the Gran Canarian estate agency of Dream homes gives a full interview and insight into how they see the current and future market over there.
There is a case study following a couple buying a property in Costa Teguise. Find out how they got on and what they might do better next time.
A very interesting article on how to best negotiate the price of you new property. Save thousands in a few words.
‘What is cheap?’ – Find out how to spot a bargain property. What are the ingredients that go into making you new Canary Island home a cheap one.
There are the normal property sections of ‘Property News’ and ‘Hot Properties’ plus a new section called ‘Estate Agent News’. In the new section Canary Island Estate Agents keep us updated as to what they are up to and how the market is changing.
As ever there is loads of information to help you find and buy your dream home in the sun.
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11.10.09
Posted in Canary Island property at 12:36 pm by admin
Traditionally the two largest groups of overseas property investors in Europe were the British and Irish. These two groups are looking again for good returns on their money but investment styles have changed. Pre recession investment money was going to a whole host of emerging destinations across Europe. Places like Croatia and Bulgaria were at the forefront of the emerging markets.
Post recession people still bear the scars of the recent past and only want to invest in tried and tested destinations. Spain always received the bulk of property investment and it is here that investors are first returning to.
Investors are looking for a good return with a minimum of risk so are not keen to go back to high risk destinations.
Estate agents are quoting an average property price drop on pre to post recession prices of twenty five per cent. This is a very alluring figure to the shrewd investor. Many feel that resale prices cannot go any lower because of the base amounts owed on mortgages.
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Posted in Canary Island property at 12:10 pm by admin
The account for promoting and marketing the Canary Islands has been awarded to Manchester based advertising company PHD.
The media network company PHD North won the account from ‘Media Campaign’ in an open pitch process.
The campaign for promoting the Canary Islands holds a budget of £3 million.
The marketing account is for promotion work across fourteen European countries. These countries include Germany, Spain, Ireland, the Netherlands, Sweden, Norway, Denmark and Austria.
As with many holiday destinations throughout Europe during the recession the Canaries need all the marketing help they can get. It is hoped that the campaigns will be used to highlight many overlooked climactic and tourism season facts. Many potential tourists are still not aware of the wonderful year round climate available across the Canaries.
The managing director of PHD North, Jason Spencer, was quote as saying “Through using media more innovatively, we hope to showcase what the Canary Islands have to offer and grow visitors from the UK.”
This is very welcome news to all businesses especially those selling property in the Canary Islands
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10.07.09
Posted in Canary Island property at 10:21 am by admin
The latest issue of the Canary Island property magazine has just come out. Issue 53 is packed full of reputable estate agents selling some great deals. There is a full span of property related news and articles.
Topic covered are:-
Property news with stories discussing topics such as 80 per cent Spanish mortgage availability. Increasing UK property prices having a positive knock on effect for Canary Island prices. A reductions in bad loans. The general outlook is for a long awaited economic upturn.
We have a buyer case study following Dominic and Julies ten year love affair with Fuerteventura. They finally have a chance encounter with a great estate agent in Corralejo who shows them the perfect property and assists them all the way through to completions and beyond.
In these times of recession some new and more affordable ways have been found to buy property. Find out about some exciting new options to buy your dream home in the Canaries.
There is an estate agent focus on Freedom properties based in Playa Blanca, Lanzarote. They give some interesting insights into the local property market now and in the future.
When transferring your money overseas make sure you take time to look around for the best deal. The banks are tried and trusted but with a bit more effort you could save thousands of euros.
Finally there is a round up of some great property investments from other areas around the world.
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06.29.09
Posted in Canary Island property at 8:07 am by admin
On the second day of the State of the Nation debate in Congress, the Prime Minister has presented a new measure to boost a sector which is key to the Spanish economy – tourism. José Luis Rodríguez Zapatero announced that airlines which bring in more tourists to the country will be freed from airport tax.
The government will pay the tax on behalf of all passengers for airlines which carry more passengers in the second half of 2009 than their amount for the last six months of 2008. There will be increased travel assistance for residents of the Canary Islands in the form of a 30% subsidy on tickets for flights between the islands and the mainland. They currently get 15%.
In reply to a spokesman of the ‘Grupo Miixto’ during the second session of the debate of the state of the nation, Zapatero indicated that this modification in airport rates will have national reach and will be set in motion ‘immediately’. Zapatero was sure that this would be “a much more efficient and useful incentive” to increase tourism and passengers.
The CEOE employers’ organisation has meanwhile said that most of the measures announced by the Prime Minister are going in the right direction. The organisation said in a release that the tax reduction was a positive move.
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Posted in Canary Island property at 8:02 am by admin
As prices in the Spanish and Canarian property markets hit rock bottom, interest rates fall and stock markets remain volatile, a growing number of industry specialists believe that the first signs of recovery in the market are being seen. Leading the charge are high net-worth (HNW) individuals, according to the latest Wealth Report from Knight Frank, with 55% recognising present fundamentals and planning to increase their exposure to residential property over the next two years. “In turbulent times the wealthy want their investments to be both tangible and transparent,” said Liam Bailey, head of residential research at Knight Frank. HNWs are not the only ones looking for a relative safe-haven for their money at present. In spite of difficult economic conditions and significant falls in the value of Sterling, online searches for international property have increased by up to 72% month-on-month. Some analysts believe that the resurgent mortgage market in the UK is also behind the sudden rise in confidence. “Further evidence that the pick-up in buyer interest in the UK housing market is feeding through into actual activity is seen in the latest mortgage approvals data from the Bank of England,” said Simon Rubinsohn, chief economist at RICS. “The number of mortgages sanctioned last month climbed to the best level since May 2008.” Behind these fundamentals, a growing number in the industry are recording a rising level of sales. Across Spain and the Canaries there seems to be a realistic, but optimistic sense that the beginning of the end could be approaching as more buyers discover the value. “I believe that there will be enough volume of sales this year that people will start to wake up and think that they better get in now before prices rise any further after the bottom of the market has been reached,” said one agent. “This means that the beginning of a recovery can commence, with total recovery happening within three to four years.”
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Posted in Canary Island property at 7:25 am by admin
Thousands of UK holiday-home owners face losing a range of tax benefits under changes announced in the Budget.
From April next year, holiday property landlords will no longer be able to write off “trading” losses from second homes against their tax bill. Capital allowances and capital gains benefits will also go.
Tax experts say the move is likely to anger tens of thousands of people – many of whom based retirement plans on the current tax rules for second homes.
In a small silver lining, those owning homes within the EU, but outside the UK, will get the tax benefits currently enjoyed by owners of UK holiday homes until April 2010. However, these will then also be scrapped.
“You are going to see a very vocal, articulate section of society screaming blue murder about this,” said tax expert Anne Redston, Visiting Professor at King’s College, London.
“People have bought holiday properties and worked out their projections based on the tax rules as they exist at the moment.”
The Government withdrew the concession after the European Union ruled that it breached EU law by discriminating against non UK owners of second homes in other European countries.
Although the most published elements of the recent Budget concentrated on tax increases, much less published is the new opportunity for owners of holiday lets in Spain and the Canary Islands, who have been given the chance to apply retrospectively for tax repayments going back up to a full five tax years. Property owners who think they may be eligible should act quickly, as the tax breaks will cease in April 2010.
Currently a home qualifies as a holiday property if it is furnished, being run as a commercial business and available for rent to the public for at least 140 days per year. It must also be let for at least 70 days a year to attract the tax benefits.
HM Revenue and Customs said it was extending the tax benefit to those owning holiday homes inside the EU but outside the UK until next April because it feared it was unlawful to have the current discrepancy.
More than two million Britons currently own a property abroad, and a number may recently have become eligible for one of these tax breaks. Many owners who previously kept their homes for private use have been renting them out to holiday makers over the last couple of years, to generate an extra source of income during the economic downturn.
This is a one-off opportunity in the 2009/10 tax year to secure a unique tax rebate. In 2010/11 the set-off or carry back allowances which create the rebate will no longer apply. To be eligible for the allowance, properties must have been let for ten weeks a year and available to let for 140 days.
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02.19.09
Posted in Canary Island property, Canary island news at 6:55 am by admin
In a recent internet based survey of English language internet users the Canary Islands were found to be the second most looked at location after Honolulu in Hawaii.
The internet rules our lives more and more these days and statistics such as these can be found within just a few mouse clicks.
It is no surprise that the Canary Islands are attracting so much attention, where else in the world can you find a year round comfortable climate and houses that need neither air conditioning in summer nor heating in winter. The climate is a major plus and this combined with a firm and dependable governing body and infrastructure plus the strong Euro currency make it a destination for both tourism and investment that rivals anywhere in the world.
The most popular searched internet areas list in full is
1 – Hawaii
2 – Canary Islands
3 – Cancun, Mexico
4 – Las Vegas
5 – Montego Bay
So there you have it.
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12.16.08
Posted in Canary Island property at 4:49 am by admin
The Spanish government have allocated a massive budget on over one and a quarter million euros to highlight the lesser known qualities that the Canary Islands have to offer. Many visitors are aware of the great year around climate and the fact that there is no better climate to be found anywhere in Europe.
However there is much more on offer. Experts feel that the Canary Islands have been long overlooked and under promoted especially in relation to the mainland resorts of Spain. At last this problem has been addressed and the general British public will now start to see what they can experience in the very diverse Canary Island archipelago.
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