The Canary Islands‘ second-most populated city and Gran Canaria’s third-biggest. Here you’ll find both black lava and white sand beaches on a busy island.
Las Palmas, the capital, is a major cruise ship port and duty-free shopping mecca. Despite the island’s bustling coastline, its agricultural and hilly interior provides a serene contrast.
Tourists from the United Kingdom flock to the island in big numbers, therefore it’s not surprising that the island is home to a sizable immigrant population. Gran Canaria is a popular destination for folks who are not fluent in Spanish because English is commonly spoken there
“Very enjoyable. A pleasant place to hang out; it’s not too noisy or dirty, and the crowds are manageable. Someone who uses TripAdvisor.
The Market for Gran Canaria Real Estate
British property purchasers go to the southern shore of Gran Canaria, specifically to Puerto Rico and Playa del Ingles. Real estate on the island is remarkably comparable to that on the other Canary Islands. The going rate for a three-bedroom flat in Puerto Rico is €250,000, with a similar unit in Playa del Ingles going for about €40,000 more. Three-bedroom villas in Las Palmas go for a modest €310,000, giving you a bit extra square footage for your money.
The average cost of a home on Gran Canaria is similar to that in the United Kingdom, and if you look about you might be able to locate a hidden gem at a bargain price.
Installments in the Spanish island of Gran Canaria
Those moving to Gran Canaria with children won’t have to worry about their education if they don’t speak Spanish well because the island is home to a large number of British and international schools catering to students of varying ages.
Gran Canaria’s Healthcare System
In the event of a medical emergency, the island is adequately prepared thanks to the presence of two big medical centres affiliated with the main University hospital group. Two hospitals may be found in the island’s tourism hub, with a third facility situated on the island’s southern tip.
Although there are several medical professionals available on the island, the local pharmacy is still the best option for most people with non-emergency medical needs, just as it is on the Spanish mainland.
Gran Canaria’s Positives
The island features affordable real estate and all the services and conveniences you’ll need to start a new life. As an added bonus, the expat community is well-established and English is extensively spoken. Excellent for groups of people or those planning to retire overseas.
Gran Canaria has a higher population density than the other Canary Islands, which might be an issue if you’re seeking isolation. During the peak seasons, it may also be crowded with tourists and passengers from passing cruise ships.
Gran Canaria is a popular holiday destination in the Canary Islands, and it is also a popular destination for property investment. There are a number of reasons why Gran Canaria is a good place to invest in property, including:
- Strong tourist demand: Gran Canaria attracts millions of tourists each year, which creates a strong demand for holiday accommodation. This means that there is good potential for rental income for property investors.
- Favorable climate: Gran Canaria has a mild climate year-round, with average temperatures ranging from 20 to 25 degrees Celsius. This makes it a popular destination for tourists and retirees alike.
- Good infrastructure: Gran Canaria has a well-developed infrastructure, including good roads, airports, and hospitals. This makes it a good place to live and work.
- Stable political environment: Gran Canaria is part of Spain, which is a stable democracy with a strong economy. This makes it a safe place to invest in property.
There are a number of different types of property available to invest in Gran Canaria, including:
- Holiday apartments and villas: Holiday apartments and villas are a popular choice for property investors in Gran Canaria, as they can generate a good rental income.
- City center apartments: City center apartments can also be a good investment, as they are in high demand from both locals and tourists.
- Land: Land can be a good investment if you are planning to build your own property or if you believe that the value of land in Gran Canaria will continue to rise.
When investing in property in Gran Canaria, it is important to do your research and choose a reputable real estate agent. It is also important to consider the location of the property and the type of property that you are investing in.
Here are some tips for investing in property in Gran Canaria:
- Choose a good location: The location of the property is one of the most important factors to consider when investing in property. Choose a location that is popular with tourists and locals, and that has good infrastructure.
- Choose the right type of property: There are a number of different types of property available to invest in Gran Canaria. Choose a type of property that is in high demand and that will generate a good rental income.
- Do your research: Before you invest in any property, it is important to do your research. This includes researching the market, the property itself, and the real estate agent.
- Get professional advice: It is a good idea to get professional advice from a lawyer and accountant before you invest in property. This will help you to make informed decisions and to protect your investment.
Investing in property in Gran Canaria can be a good way to generate income and build wealth. However, it is important to do your research and choose a reputable real estate agent before you invest.
