When purchasing real estate in Gran Canaria, all buyers, but first-time buyers in particular, are plagued by a number of concerns. Here are some pointers on how to go about looking for, and ultimately purchasing, a property in the beautiful island of Gran Canaria.
Take into account the regulations governing the purchase and use of real estate in tourist areas
There are a variety of national and regional regulations that limit your freedom of action as a property owner in Gran Canaria. For instance, vacation rentals are subject to various regulations that vary by region and property type. Whether or not you are allowed to make a holiday home your permanent residence might also have an impact on the style of villa or flat you choose to retire in. Be sure you’re familiar with these guidelines, or seek out professional guidance, before making any purchases in the resort regions of Gran Canaria. To stay legally in Spain, Britons must now take into account the new regulations. Get your calculator out, because this site has one. Moreover, British nationals should know that their passports will not be accepted for entry into the European Union any later than ten years following the date of issuance.
Quality of life rather than financial gain
What we’ve learned about real estate from the events of the past two years is how crucial it is to be at ease there. Considering your needs and wants in a home is crucial when purchasing a house in Gran Canaria. Is having a private patio or more inside space more important to you than having a nice view or using the shared pool? And how may these preferences shift when your kids get older or as you enter retirement? If you’re looking for a holiday or retirement home on Gran Canaria, it’s important to locate a neighbourhood that supports your ideal way of life.
Every Little Detail Counts
Owners are well-protected under Spanish and Canary Islands law, although the process of purchasing real estate can be lengthy and involved. It’s important to know if the building or complex you intend to purchase has a functioning community of owners and if its governing documents have been recorded in the property registration. What about your rooftop garden or patio; do you own it outright or simply have the privilege of using it? Who is in charge of keeping it in good repair? These are the specifics that must be addressed for you to confidently shop. We at Cárdenas Real Estate have been in the business for over 40 years, so it’s no surprise that this is what we specialise in.
Getting the perfect home still requires much planning
Quality real estate on Gran Canaria, particularly near the popular southern shore, sells quickly, so being prepared with the necessary papers and funds in advance is crucial. A bank pre-approval is necessary to obtain a mortgage, and you should also be prepared to sign any necessary paperwork remotely. Using a reliable local real estate firm will put you in a better position to secure the ideal home without having to rush through the process.
Check out the buyer’s guide for further information that may come in handy while buying or selling a home in Gran Canaria Spain.
