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Property for sale Gran Canaria

Year: 2024

explotacion turistica in gran canaria
September 12, 2024 Daniele Piccoli 2 Comments Legislation/Laws, Short Term Rentals/Tourist Rentals

Explotaciòn Turistica

Explotación Turística: What it is and What You Need to Know Before Investing

When it comes to real estate investment in Gran Canaria, many are still unfamiliar with Explotación Turística. This term, which in Italian could be translated as “binding management,” represents a reality that anyone who wants to invest on the island has to deal with. Let’s see what it is and why it is important.

What is Explotación Turística?

Explotación Turística is a company authorized by the tourism office to manage the rental of apartments located in privately owned residential complexes. This company can only obtain a tourism license if it has contracts with at least 30 percent of the apartments in the complex. In some cases, however, the company may even own 100 percent of the apartments in the complex, and in 90 percent of cases it owns most of the units.

Often it is the Explotación Turística company itself that sells the apartments in the complex it owns to meet expenses or to obtain liquidity. It may decide to sell one or more according to the economic need of the moment. However, other apartments for sale may belong to different owners, not part of the company, who may have a management contract with the Explotación company or who have not renewed the contract and now wish to sell the property.

Once the minimum threshold of required contracts is reached, the company can start promoting and renting out the short-term apartments on vacation portals.

Obligations of the Explotación Company

The company that manages these apartments, in addition to obtaining a tourist license, is obliged to comply with the statutory regulations. This implies the provision of a number of essential services to ensure the quality of the tourist offer. The main obligations of the Explotación Turística company are listed below:

  • Regular apartment cleaning service, ensuring that accommodations are kept clean and in good condition for each new guest.
  • Maintenance and upkeep of facilities, which includes continuous repair and improvement of facilities, common areas, and infrastructure of the complex.
  • Front desk service, essential for welcoming guests and providing assistance during their stay, including check-in, tourist information, and emergency management.
  • Security and surveillance, where required, the company must ensure the safety of guests and facilities with control systems, surveillance, and the management of emergency situations.
  • Adaptation to fire regulations, including installation of fire-fighting systems, emergency signs, and evacuation plans in accordance with local safety standards.
  • Emergency health services, including access to first responders or collaboration with local health services to ensure prompt response if needed.
  • Accessibility, as required by regulations, accommodations and common areas must be adequately accessible for people with disabilities or reduced mobility, ensuring adequate facilities (ramps, elevators, accessible bathrooms, etc.).
  • Transparency in contract management, the company should clearly inform landlords and clients about contractual rights and obligations, including rental terms, operating costs, and conditions of use of the property.

In addition, the company is required to comply with all local laws related to safety, hygiene and tourism services, including compliance with environmental regulations, responsible waste management and taking measures to reduce ecological impact. These services and requirements are mandatory for all companies that operate tourist complexes and must be guaranteed to customers as stipulated by current regulations. Explotación companies that fail to comply with these rules may face heavy penalties, including fines and license suspension.

Locked-in Contracts: Limited Freedom for Owners

Contracts made with Explotación Turística companies are highly armored. This means that the owners of the apartments within these complexes cannot use their homes to spend their vacations whenever they wish. The management of the apartment is completely in the hands of the company, which decides when and how to rent it out. If you have a management contract with the Explotación Turística company, you must strictly adhere to the contractual rules provided, which could severely limit your freedom to use the property. You will not be able to use it for private use or rent it independently, and you will have to abide by the contract you signed with the company, which sets out the conditions for using and renting the property

Why is it referred to as "Submission"?

If you are a property owner in a complex managed by an Explotación Turística and wish to rent your apartment to tourists, you cannot do so on your own. You will have to sign a contract with the company to avoid complaints of unfair competition. In other words, you are obliged to cede management of your property to the company, giving up control over how and when you rent it out.

Why Do Many People Fall Into This Trap?

Many people unfortunately fall into this trap, attracted by the lower price compared to market values. Often these are inexperienced investors, or cases in which thereal estate agent himself is unfamiliar with the regulations regarding Explotación Turística and does not properly inform the client. In other cases, the agent’s only goal is to take his sales commission, deceiving the buyer. Many times, you are told that the apartment is not in Explotación Turística, but here’s where the shoe drops: the apartment may not have a direct contract with the Explotación company, but if there is a management company within the complex, once you buy it, if you want to rent it, you will have to give it to the Explotación company only. So money thrown in the trash because the profits from giving it under management are really paltry.

What are the Profits?

Although the company that manages the Explotación Turística takes care of the condominium expenses and utilities, the profits for the landlord are small compared to a self-managed rental. We are talking about €4,500 per year, or about €375 per month, which is much less than what could be earned from a self-managed short rental.

Investing in Complexes under Explotación: Does it pay off?

Although the purchase prices of these properties may seem attractive (between €80,000 and €110,000, much lower than in the open market), it does not pay to invest in a complex under Explotación Turística. Restrictions and contractual constraints make it difficult to fully enjoy the property or get a satisfactory financial return. In addition, management is completely centralized, leaving very little decision-making space for the owner.

The Decline of Many Exploded Complexes.

Many complexes are now out of Explotación Turística because the companies that managed them have gone bankrupt. In my opinion, this is due to the chase for the lowest price, never making adequate renovations to the accommodations that have aged over time. As a result, they could no longer cover their operating costs, leading many of these companies to bankruptcy.

My Experience with Clients

One case I remember well involves a client who had decided to buy a property in a complex under Explotación, despite my warnings. Convinced she had found a “bargain,” she ignored my advice, only to regret it a few months later when she realized she could not rent or use the property as she wished.

What to Do to Avoid Mistakes

My advice is to rely on experienced real estate advisors who know the Gran Canaria market well. A low price may seem attractive, but it often hides constraints that could jeopardize your investment. A serious advisor will warn you and help you make informed choices, preventing you from burning your savings.

Be Wary of Agencies that Don't Know the Law

One of the most common problems is that many investors rely on real estate agencies that do not fully understand the Explotación Turística regulations. This can lead to erroneous investments, where you find yourself bound by contracts that limit your freedom of use and your profits.

Investing with those without direct experience in the short-term rental market is a mistake that can cost you dearly. Nonspecialized agencies may not know if a property is bound by Explotación Turística, or worse, they may neglect to inform you about the risks involved in buying these properties. So, be wary of those who do not know the regulations or who offer you seemingly advantageous solutions without real knowledge of the local market.

Invest With Those Who Know What To Do

My experience in Gran Canaria real estate and short rentals allows me to help you make informed and focused choices. An inspection and personalized advice are essential to assess whether a property is a real opportunity or a risky investment.

If you want to avoid nasty surprises and ensure a satisfactory financial return, contact me for advice. I am here to help you make an investment that is truly profitable and risk-free.

Investing in the tourism real estate market can be extremely profitable if done with the right knowledge and the support of those who know the area and local regulations well. Don’t let an opportunity turn into a trap. Contact me today to discuss your next investment and to arrange a site survey. Together we’ll evaluate the best options for achieving your return goals with confidence.

Daniele Piccoli +34 635632009 +39 3518711203

September 2, 2024 Daniele Piccoli No Comments Real Estate Agent / Property Finder in Gran Canaria

Property Finder in Gran Canaria

Who is a Property Finder?

A Property Finder, also known as an independent real estate consultant, is a professional who specializes in researching and purchasing real estate on behalf of a client. The role of the Property Finder is particularly relevant in high-demand areas or in complex real estate markets such as Gran Canaria, one of the Canary Islands, a popular destination for tourism and residency.

What Does a Property Finder Do?

The main task of a Property Finder is to represent the interests of the client (buyer or investor) in the search for a property. This professional acts independently from traditional real estate agencies, which means that he or she works exclusively for the buyer and not for the seller. In this way, the Property Finder makes sure to find the property best suited to the client’s needs, getting the best possible price and negotiating the most advantageous terms.

Main Tasks of the Property Finder

1. Customer Needs Analysis:

– The process begins with a detailed consultation to understand the client’s specific needs. This includes the type of property desired, location, budget, and personal preferences regarding design, amenities, and other aspects of the property.

2. Property Search:

– Once the client’s needs are understood, the Property Finder uses its network of contacts, knowledge of the local market, and access to specialized databases to identify properties that best meet the established criteria. This service is particularly useful in markets where the best opportunities may not be publicly advertised.

3. Property Assessment:

– After identifying several options, the Property Finder reviews and evaluates each property, analyzing the pros and cons, condition of the property, market value, and potential growth of the investment. This assessment is crucial to ensuring that the client makes an informed purchase.

4. Organization of Visits:

– The Property Finder arranges tours of selected properties, accompanying the client and providing expert advice during property inspection. The professional can also arrange virtual tours in case the client is not physically present.

5. Negotiation and Purchasing:

– Once the property is chosen, the Property Finder manages the entire negotiation process, seeking to obtain the best terms for the client. This includes the purchase price, terms of the contract, and any other relevant details.

6. After-Sales Support:

– Even after the purchase is finalized, the Property Finder can offer support with practical matters, such as handling any renovations, interacting with lawyers or notaries, and arranging property-related services, such as property management.

Why Use a Property Finder in Gran Canaria?

Gran Canaria is one of the most popular islands for those looking for a second home, an investment property, or a new residence in a place with a favorable year-round climate. However, the island’s real estate market can be complex for those who are not locals or do not have a thorough knowledge of the local market.

This is why a Property Finder is particularly useful:

Local Market Knowledge: A Property Finder knows the dynamics of Gran Canaria’s real estate market, the areas most in demand, and can access properties not always advertised.

Saving Time: For those who do not live on the island, searching for property can be extremely time-consuming. A Property Finder eliminates this problem by managing the entire process.

Stress Reduction: Buying a property, especially in a new area, can be stressful. A Property Finder provides expert support that alleviates this stress by making sure the purchase is safe and beneficial.

Network of Professionals: A Property Finder in Gran Canaria has already established a network of local contacts, including lawyers, notaries, architects, and builders, who can be crucial to completing the purchase smoothly.

I offer Property Finder Services in Gran Canaria

If you are looking for property in Gran Canaria, I can offer you a tailored Property Finder service. With a deep knowledge of the local real estate market and an established network of contacts, I can guide you through every step of the buying process. I work exclusively for you, ensuring that I find the perfect property that meets all your needs. Whether you are looking for a vacation home, an investment property, or a place to move to, I can make the process simple and stress-free.

Conclusion

A Property Finder is a valuable ally for anyone wishing to purchase property in Gran Canaria. Acting in the sole interest of the buyer, this professional offers a range of services from personalized research to final negotiation, making the entire buying process simpler, safer and more profitable. If you are looking for a local expert to help you find the property of your dreams in Gran Canaria, they are here to assist you every step of the way.

MY CONTACT INFORMATION

Daniele Piccoli

Tel Italian +39 3518711203 Tel Spanish +34 635632009

info@propertyforsalegrancanaria.com

August 27, 2024 Daniele Piccoli No Comments Legislation/Laws, Short Term Rentals/Tourist Rentals, vivienda vacacional

Penalties for Holiday Homes in the Canary Islands (Viviendas Vacacionales)

Compliance and Penalties: The Importance of Complying with Canary Islands Vacation Rental Regulations (Vivienda Vacacional)

In recent years, the Canary Islands have consolidated their position as one of the world’s most desirable tourist destinations, attracting millions of visitors due to their mild climate, spectacular natural beauty, and wide range of recreational activities. This growing influx of tourists has prompted many local investors and owners to turn their homes into Viviendas Vacacionales, or vacation homes, to take advantage of the high demand for short-term accommodations.

However, the expansion of this sector has raised concerns both about the impact on the housing market and the quality of life of local residents and the need to maintain high standards of safety and service for tourists. In response to these challenges, Canary Island authorities have introduced a series of regulations designed to govern the use of viviendas vacacionales. These regulations not only define the requirements necessary to operate the business, but also establish a strict penalty framework for those who do not comply.

In my article, I looked in detail at the penalties provided by law for violators of the viviendas vacacionales regulations. These penalties vary according to the severity of the violations and can result in significant consequences for owners, including heavy fines, suspension of operations and, in the most serious cases, permanent closure of the business itself. Penalties are divided into three main categories: mild penalties, severe penalties, and very severe penalties, each reflecting the nature and severity of the violation committed.

Mild penalties, which can result in fines of up to 1,500 euros, are generally applied for minor infractions such as the lack of mandatory information announcements or minor deficiencies in the services offered. Serious penalties, with fines of up to 30,000 euros, refer to more serious violations such as lack of adequate infrastructure or misleading advertising. Finally, very serious penalties, with fines of up to 300,000 euros and suspension of activities for prolonged periods, are reserved for more serious infractions, such as building facilities without a permit or falsifying documents.

This overview of sanctions highlights the importance of responsible and compliant management of viviendas vacacionales. For investors and owners, it is critical to fully understand the legal implications of their activities and take all necessary steps to comply with local laws. This is the only way to avoid the heavy penalties involved and ensure the long-term success of the tourism business.

Through a thorough knowledge of the rules and an unwavering commitment to their compliance, owners of viviendas vacacionales can not only protect themselves from legal consequences, but also contribute positively to the local economy by offering tourists a safe and high-quality experience in the beautiful Canary Islands.

MILD PENALTY OF UP TO 1,500 EUROS

1) Accessing or engaging in unregulated tourism activities in accordance with the regulations, violating the reporting requirement stipulated in Article 13.2 (a).

2) The lack of mandatory public display announcements, badges, signs or information, the refusal to provide them, or any form of concealment thereof.

3) The rude treatment of customers.

4) The behaviors deterring from requesting information.

5) Slight deficiencies in the provision of services, in the decoration of establishments and in the operation or cleanliness of premises, facilities and furnishings, or in the hygiene and decorum of personnel that cause inconvenience to users.

6) Failing to prepare invoices in accordance with regulatory requirements, or failing to keep copies of invoices issued.

7) Actions or omissions that, as part of the inspection or technical verification activity, result only in a delay in fulfilling information and reporting requirements.

8) Any other violations that, while classified as serious, would not merit this consideration due to lack of intent, nature, occasion, or circumstance, and, in particular, serious violations when it is established that the restoration of legality was immediate, without the rights of users being compromised, or when, having been established by the intervening inspection that the violations provided for in Nos. 1 and 3 of Article 76 were committed, legality is restored within the time limit established by it based on the extent and nature of the violations and the time limitation period of the violations.

9) Failure to submit the report resulting from the technical inspection of tourist establishments within the prescribed time limit

10) Failure to notify the land registry office of the actual use of the tourist farm within the stipulated time.

A warning will be adopted in cases of minor infractions when there is no recurrence and the imposition of a fine is not deemed appropriate

SEVERE PENALTY OF €1,501 TO €30,000

Temporary suspension of professional activities or practice: from one day to six months suspension in case of recidivism.

1) Not having the mandatory facilities, systems or services, according to tourism regulations, or having them in an inadequate state of preservation or operation.

2) Obvious and widespread deficiencies in the provision of services, decoration of establishments and operation or cleanliness of premises, facilities and utensils, as well as violation of the obligations set forth in Article 17.2 of this law.

3) The mishandling of words, actions or omissions towards the tourist user.

4) Missing mandatory complaint forms, failing to provide them to customers, or failing to handle them promptly and properly

5) Do not issue or fail to deliver invoices to the tourist customer for services rendered

6) The contracting of personnel who do not possess the prescribed title or qualification to provide the required services.

7) Obstructing or resisting the work of tourist inspection, as long as it does not impede it.

8) Failure of employers or their representatives to appear at summonses conducted by tourism inspectors in the manner established by this law

9) Missing or failing to provide the inspection book when a standard requires it to be available.

10) Obstruction or resistance to the verification action, which does not go so far as to prevent it, carried out by the Tourism Administration in accordance with the provisions of Articles 24.1 and 32.4, provided that it does not fall under number 6 of the previous article.

11) Misleading tourism advertising, equivocal offers or any form of suggestion that suggests a higher quality of facilities or services than the real thing.

12) The use of aggressive promotional systems that disturb the tranquility of tourist users, under the terms covered by Article 19.1 of this law.

13) Overbooking that originates an excess of reservations that cannot be handled unless it is proven that the requirements set forth in items 2 and 3 of Article 37 of this law are met and that the stay was satisfactory to the tourist user.

14) Violation of the rules regarding reservations and cancellations of seats and failure to provide an agreed service, when this results in obvious prejudice to the customer.

15) Professional practice carried out in violation of regulations on the provision of tourist services.

16) Falsehood in previous communications and responsible statements in cases not covered in Section 9 of the previous article.

17) Violation of the obligations to maintain the quality of establishments stipulated in this law.

18) Violations considered to be very serious that, for reasons of intent, nature, occasion or circumstances, should not be considered as such.

19) Failing to submit the report of the technical inspection of tourist establishments, having already suffered a penalty for committing the offense stipulated in Article 77.9 of this Law.

20) The violation of the adopted provisions on restrictions on access to the tourist accommodation facility for public health reasons.

VERY SERIOUS PENALTY OF €30,001 TO €300,000

(1) The construction, expansion, rehabilitation, reform or opening of tourist lodging facilities in disregard of the obligations stipulated in Article 13.2 (a).

2) The construction, expansion, rehabilitation, reform, or opening of tourist accommodation facilities, without a permit, when by law or regulation, limitations or restrictions are established on the creation of new tourist accommodation offerings for environmental or land-use planning reasons, particularly when such limitations are justified by land-use planning based on the carrying capacity of the islands, as stipulated in Article 24.2 of this Law.

3) Access to or exercise of regulated tourist activities by failing to comply with the reporting requirement stipulated in Article 13.2 (a); as well as failing to obtain the permits stipulated in Article 13.2 (b) and (g)

4) Fail to assume or maintain in force the liability policy in accordance with the terms established by the applicable regulations.

5) Failure to comply with tourist standards of density, infrastructure or service at places of tourist stay.

6) Failing to provide a service as agreed upon by the parties when doing so would result in serious harm to the user.

Damage will be considered serious when it affects the health or safety of tourist users or represents a significant and irreversible loss of money or value of their property.

The denial or obstruction of the action of the tourism inspection that goes so far as to prevent the exercise of the functions that are legally or regulationally assigned to it or the provision of false information or documents to it

(7) The denial or obstruction of the verification activity provided for in Articles 24.1 and 32.4, when preventing access to the establishments or making it impossible to verify all the requirements required by the regulations in force for the exercise of the activity or operation of tourist establishments or their classification and, in particular, those that concern the health and safety of tourist users

8) Attacks and actions detrimental to the tourist image of the Canary Islands or any of its tourist places, which constitute violations of tourism regulations or sectoral laws. Attacks or actions detrimental to the tourist image of the Canary Islands or any of its tourist places will be considered behaviors that falsify, damage, weaken or deteriorate such image.

9) The violation of legal regulations regarding the principle of unity of exploitation of housing establishments.

10) Falsehood in responsible statements when it relates to data that seriously affects the health and safety of tourists. It is understood that the falsehood affects the safety of tourists when it relates to or refers to compliance with the regulations on fire protection, safety of buildings and premises, and conditions of hygiene and safety of industrial, sports or entertainment facilities, causing such falsehood to result in the hidden risk situation that the violated regulations are intended to prevent.

11) Failure to comply with the duty of building renewal in the prescribed time when so stipulated in the determinations contained in the ordering and planning instruments.

12) The violation or alteration of the necessary and decisive conditions for the exercise of tourist activity that were a prerequisite for the corresponding permit or prior notice.

13) The violation of the obligation to comply with the use established by the urban development plan by allocating a tourist accommodation facility for residential purposes

14) Professional practice carried out in violation of tourism regulations

APPLY FOR VIVIENDA VACACIONAL LICENSE HERE. READY IN LESS THAN 48 HOURS

If you want to comply with the law and operate your vacation home in the Canary Islands in a compliant manner, it is essential to obtain a vivienda vacacional license. Click on the link below to start the official application process and make sure you are in compliance with all legal requirements.

https://www.propertyforsalegrancanaria.com/vivienda-vacacional/

August 14, 2024 Daniele Piccoli No Comments Legislation/Laws, Real Estate Agent / Property Finder in Gran Canaria, Real Estate Investments

Buying House in the Canary Islands

The Best Choice for Buying Home in the Canary Islands: Rely on a Real Estate Agent Enrolled in the RAIC

Buying a home in the Canary Islands can be an exciting and beneficial opportunity, but it is critical to make an informed choice about the professionals who will guide you through the process. Contacting a real estate agent registered in the RAIC (Canary Islands Register of Real Estate Agents) is the safest and most beneficial decision. This official registry, maintained by the Canary Islands government, certifies the competence and reliability of real estate agents operating in the islands. However, it is essential to beware of industry “gurus” who often show up on social media with misleading offers.

What is RAIC?

The RAIC is an official registry run by the Canary Islands government that certifies real estate agents authorized to operate in the archipelago. Being registered with the RAIC means that the agent complies with all legal and professional regulations, thus ensuring a high level of competence and reliability.

Benefits of Choosing a RAIC Enrolled Agent.

-Guarantee of Competence:

Agents registered in the RAIC have demonstrated that they have the qualifications and skills to handle real estate transactions professionally.

-Legal Protection:

Registration in the RAIC ensures that the agent follows strict ethical and regulatory standards, providing greater legal protection and reducing the risk of malpractice.

-Reliability:

Agents registered with RAIC have access to official resources and support, increasing their ability to handle transactions with transparency and professionalism.

Beware of False Professionals and Social Media "Gurus"

In the Canary Islands real estate market, it is critical to pay attention to real estate “gurus” who often use social media to attract investors’ attention. Here are some warning signs:

Fuortive Videos:

Many of these gurus post catchy videos on social media with the apparent intent of providing informational value. However, these videos often serve primarily to pre-attract investors by offering superficial and general content. The videos may look impressive, but they lack concrete and verifiable details.

Absence of Concrete Testimonies:

Gurus often do not present real testimonials from satisfied clients or verifiable case studies. Their claims may appear enticing, but without tangible evidence of real successes or customer feedback, they are not reliable.

Confusing Patterns and Statistics:

To impress and confuse investors, these gurus show complicated diagrams, calculations, and real estate statistics that may seem technically advanced but are poorly understood by those without a solid background in the field. These tools can be used to give an air of expertise without offering truly useful information.

Sale of Expensive Packages:

The real goal of many of these gurus is to sell consulting packages at outrageous prices. These packages often offer no real added value and are full of “hot air.” Investors can end up spending a lot without getting useful or practical advice.

Acquiring Information Without Cost

It is important to know that you do not need to purchase expensive consulting packages to obtain information about the Canary Islands real estate market. Real estate agents registered with the RAIC offer free consultations and can provide you with all the information you need without requiring upfront payments. Turning to certified professionals allows you to get solid data and advice without the risk of unwarranted fees.

How to Verify Registration in the RAIC

Online Verification:

Check the official website of the RAIC or contact the relevant agency directly to confirm the real estate agent’s registration.

Request Documentation:

Ask the agent to provide you with proof of his or her registration and professional certifications.

My Commitment As a Registered Professional in the RAIC.

I would like to emphasize that I am a real estate agent duly registered in the RAIC. This means that I comply with all regulations and professional standards required to operate competently and reliably in the Canary Islands real estate market. My goal is to provide a transparent and high-quality service, helping you make informed and confident decisions without the need to resort to expensive consulting packages or tempting but misleading offers from social media “gurus.”

Conclusion

Investing in real estate in the Canary Islands can be a great opportunity, but it is essential to make informed choices about real estate professionals. Turning to an RAIC-registered real estate agent offers expertise, reliability and legal protection. Be wary of expensive consulting packages and social media “gurus” who offer only talk and confusing schemes without hard evidence. Always check the credentials of professionals and choose carefully to ensure a safe and satisfying buying experience. If you have any questions or need assistance, I am here to offer professional support and advice.

Take advantage of Free Real Estate Consultation

Whether you are a first-time buyer, an experienced seller or an investor looking for new opportunities, we are here to guide you through every step of the real estate process. Take advantage of our experience and market knowledge to make informed decisions and get the best results.

Spanish Tel. +34 635632009 Italian Tel. +39 3518711203

info@propertyforsalegrancanaria.com

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August 13, 2024 Daniele Piccoli No Comments Real Estate Investments

Why Invest in Real Estate in the Canary Islands: A Detailed Guide for Investors

The Canary Islands, a volcanic archipelago located in the Atlantic Ocean off the northwest coast of Africa, represent one of the most fascinating and strategic destinations for real estate investment. These islands, which include Tenerife, Gran Canaria, Lanzarote and Fuerteventura, not only offer breathtaking views and an ideal climate, but are also a hub for international business and investment opportunities. Here is an in-depth overview of why buying a home in the Canary Islands could be a profitable choice for your real estate business.

1. Excellent Climate All Year Round

The Canary Islands are known for their extraordinary climate, which is notable for its constancy and moderation. Average annual temperatures range between 18°C and 24°C, creating ideal conditions for year-round outdoor living. This subtropical climate is influenced by ocean currents and the geographical features of the archipelago, which ensure continuous spring weather without temperature extremes.

This climatic stability has a significant impact on real estate demand. Properties in the Canary Islands are particularly in demand by those seeking a permanent residence in a temperate environment, away from the harsh winter seasons of mainland Europe. Vacation rentals enjoy steady demand, as tourists can enjoy a comfortable stay at any time of the year. In addition, the favorable climate contributes to the preservation and enhancement of properties, reducing maintenance costs associated with extreme weather conditions.

2. Sustained Tourist Demand

The Canary Islands are one of the most popular tourist destinations in Europe, welcoming more than 16 million visitors each year. This influx of tourists is bolstered by the islands’ natural beauty, their unique volcanic landscapes, golden sandy beaches and crystal clear waters. Attractions such as Teide National Park in Tenerife, with its majestic volcano, and the spectacular Maspalomas dunes in Gran Canaria, attract visitors from all over the world.

Strong tourism demand is resulting in a growing demand for temporary accommodations, from luxury resorts to vacation apartments. Short-term rental platforms, such as Airbnb and Booking.com, show high occupancy for vacation properties, with bookings extending throughout the year. Investing in a vacation rental property can generate an ongoing and significant income stream, taking advantage of the regular influx of tourists and the archipelago’s growing popularity as a travel destination.

3. Tax Advantages and Economic Incentives

The Canary Islands offer a particularly advantageous tax environment for real estate investors due to their special tax legislation. The archipelago benefits from a different tax regime than the rest of Spain and the European Union, known as the Canary Islands Special Zone (ZEC). This regime provides for a reduced VAT rate, known as IGIC (Canary Islands Indirect General Tax), which is significantly lower than the VAT charged in Spain and other European countries.

In addition, the Canary Islands offers tax breaks for investments in strategic sectors such as tourism and renewable energy. Incentives include tax breaks for businesses, financing for environmentally sustainable projects, and tax breaks for tourism-related activities. These benefits reduce overall investment costs and improve profitability. Tax relief is an important resource for investors, as it can increase the return on investment and facilitate entry into the local real estate market.

4. High Quality of Life

The Canary Islands offer a high quality of life, combining excellent services and a pristine natural environment. The islands have top-notch health facilities, with hospitals and clinics that meet European standards and offer quality health care. For families, there are international and bilingual schools that provide excellent education for children, helping to make the Canaries an ideal destination for long-term residents as well.

Life in the Canary Islands is characterized by a leisurely pace and a strong connection to nature. The islands offer a wide range of recreational activities, from hiking in nature parks to water activities such as surfing and snorkeling. Urban centers are equipped with modern infrastructure and high-quality services, while small towns and villages offer a relaxed and welcoming atmosphere. This balance between modernity and the natural environment contributes to a superior quality of life and makes the Canary Islands an ideal place to both live and invest.

5. Continued Growth of the Real Estate Market

The housing market of the Canaries has experienced steady growth in recent years, with significant increases in property values. This trend is supported by a combination of factors, including increased demand from international investors, expansion of the tourism sector, and regional economic growth.

The housing market is characterized by a variety of options, from luxury villas to more modest homes, thus catering to different market segments. New construction and renovation projects are enriching the housing supply, helping to meet growing demand. Relatively low interest rates and purchase-friendly policies are further incentivizing investment. Investing in the Canary Islands today could be particularly profitable, with the potential for substantial gains in the future due to continued property appreciation and market expansion.

6. Strategic Position for International Business

The Canary Islands are strategically located between Europe, Africa and Latin America, making them an ideal hub for international business activities. This geographic location allows companies to access global markets and take advantage of trade and investment opportunities.

The islands are well connected to the rest of the world via international airports and modern seaports. Frequent air connections to major European and global cities facilitate international trade and travel. In addition, the Canaries offer advanced digital connectivity that supports modern business operations and telecommuting. This combination of physical and digital accessibility makes the Canaries an excellent base for businesses seeking to expand their international reach and optimize their global operations.

7. Political and Economic Stability

As an autonomous community of Spain, the Canary Islands benefit from a stable political and economic environment. Local governance is characterized by efficient administration and transparent legislation that provides a safe environment for investment. The legal system is well defined and offers adequate protection of property rights, ensuring that investors can operate with confidence and security.

The Canary Islands’ economy is diversified and well-structured, with key sectors such as tourism, agriculture and services contributing to economic growth. Economic stability is supported by sound fiscal and financial policies that reduce the risks associated with investment and provide a predictable and favorable environment. This political and economic security is essential for investors seeking to establish or expand their long-term operations in the Canary Islands.

Conclusion

Investing in real estate in the Canary Islands offers a unique combination of advantages that can translate into significant real estate successes. The favorable climate, strong tourist demand, tax advantages, and continued growth in the real estate market are just some of the reasons why the Canary Islands are an excellent choice for investors. The strategic location and political and economic stability complete the picture, offering opportunities to make fruitful and sustainable investments.

If you are ready to explore real estate investment opportunities in Gran Canaria and the other islands of the archipelago, contact me for more information. You can fill out the form below or call Daniele Piccoli at

+39 3518711203 or at +34 635632009

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August 10, 2024 Daniele Piccoli No Comments Real Estate Agent / Property Finder in Gran Canaria, Real Estate Investments

Do you have a Property in Gran Canaria and want to sell it? Our Agency can handle its sale even if you are not on the island.

Fast and Stress-Free Sale: The Ideal Solution for Remote Owners

If you wish to sell a property in Gran Canaria but are not physically on the island, our agency offers a practical and secure solution to manage the distance sale through notarized power of attorney or minutes. This article is dedicated exclusively to distance selling and explains why it is essential to rely on an experienced and recognized agency to handle the sale under these conditions.

Quick Sale, Immediate Payment and Insurance Protection:

By relying on our agency, you will be assured of a quick and uncomplicated sale. Unlike other agencies, we specialize in distance selling, and thanks to our experience and network of contacts, we can guarantee an efficient and fast process. After the sale contract is signed, the funds raised from the sale will be transferred directly to your account the same day the sale is completed. In addition, all sales are protected by insurance, providing additional security for you throughout the process. This approach ensures that the sales process is quick, smooth and secure, minimizing waiting time and ensuring that you receive payment in a timely and protected manner.

Simplified and Safe Procedure:

Once you have decided to proceed, we will send you the Contrato de Arras Penitenciales, which is the equivalent of a sales compromise, to be signed through a certified and regular app. This document serves to confirm the agreement between the parties and officially reserve the property. In addition, new buyers must immediately pay 10 percent of the sale price as a deposit to secure the purchase. This partial payment confirms the buyers’ commitment and facilitates the sale process, ensuring a secure reserve for your property. We will also take care of retrieving all documents necessary for the preparation of the deed, including:

Updated Simple Note

Verification of pending loads on the property

Certificate from the condominium that there are no overdue expenses

Certificate for payment of Plusvalía Municipal, Payment of I.B.I. and BASURA throughout the year as required by law

Comprehensive Bureaucratic Management:

Daniele Piccoli will be directly involved in the final stage of the sale. On the day of the deed, Daniele will personally check and sign the sales contract, ensuring that all procedures are carried out in accordance with the law and that all documents are correct. This ensures stress-free and completely transparent handling for you, avoiding additional issues and complications.

Network of Contacts and Investors:

Our agency has an extensive network of contacts, consisting of associates and investors interested in investing in Gran Canaria. This network allows us to sell your property quickly, finding motivated buyers ready to make an investment on the island. Our established network significantly increases the likelihood of a quick and profitable sale.

Saving Time and Stress:

By relying on an experienced agency, such as ours, you avoid the hassle of handling all the paperwork and communications necessary to complete the sale. This allows you to focus on other aspects of your life without worrying about the complexities of distance selling.

The Importance of the Exclusive Sales Mandate

Many homeowners who intend to sell their home are convinced that entrusting its sale with an exclusive mandate to a single agency can reduce both the likelihood of success and the value of the property. This belief is often the result of a misunderstanding of the mechanisms of the real estate market and can lead to negative consequences, both in terms of money and time and effort expended.

To fully understand the benefits of the exclusive sales mandate, it is essential to know what it entails. It is a formal assignment, signed by contract, in which the owner entrusts a single agency with the task of selling the property. The agreements between the parties include essential aspects such as the minimum price agreed upon for the sale, the commission paid to the agency, and the non-compete agreement, which prevents the seller from selling the property alone or through other agencies without paying the commission to the exclusivist agency.

The Advantages of Relying on a Single Point of Contact

Entrusting the sale to a single real estate agency makes it possible to create a “win-win” agreement between seller, agency, and buyer. The agency, in this case, manages the entire process: from advertising the property, to managing viewings, to negotiating offers. This makes it possible to achieve a successful outcome, with the sale of the property at a fair price for both parties.

The Importance of Interagency Collaboration.

Entrusting an exclusive mandate does not mean precluding the possibility of selling the property through other agencies. On the contrary, by choosing an agency that is part of an association, such as Acegi in Gran Canaria, the property will be advertised through a network of reliable and professional agencies, greatly expanding the pool of potential buyers, but always within strict rules and with the utmost seriousness.

A Case Study: The Importance of Exclusivity

A concrete example of how a nonexclusive assignment can damage the sale concerns a property in Gran Canaria, where multiple agencies had access to the keys and offered different prices. This led to confusion among buyers, who were faced with a fragmented and unprofessional image of the property. In the end, no one bought and the property remained unsold, demonstrating how a lack of exclusivity can lead to failed negotiations.

Conclusion

Selling a property seriously and at the right price requires relying on a single agency, operating on an exclusive basis. This method avoids the scattering of offers, discordant prices and conflicting advertisements that can confuse and discourage potential buyers. This is the only way to convey an image of seriousness and professionalism, which is essential for a successful sale.

If you are thinking of selling your property in Gran Canaria and want to do so without stress and wasted time, contact us for a free inspection and valuation. Trust the experience and expertise of Daniele Piccoli, the only Italian real estate agent registered in the RAIC, with Number 0000049A and a recognized professional on the island’s real estate market.

Registered Real Estate Agent Identification in the Raic Daniele Piccoli
August 10, 2024 Daniele Piccoli No Comments Short Term Rentals/Tourist Rentals

Disadvantages of Long-Term Renting in Gran Canaria: Why Short-Term Renting is More Profitable and Advantageous: The Reasons You Need to Know

With the new law on the horizon, politicians and a few social real estate gurus want us to believe that renting a property in Gran Canaria, long term is the same in terms of income and peace of mind as renting it out to tourists…..

Renting a property for the long term has several disadvantages that can negatively affect the owner. Here is a detailed overview of these disadvantages that leads me to confirm again and again how tourist renting on the island is a great source of income for landlords and therefore always opposed by the powerful and gurus with vested interests:

Lower Yields

1. Lower Rental Rates:

- Comparison with Short Rentals:

Long-term rentals generally involve lower monthly rents than short-term rentals, especially in tourist areas such as the Canary Islands, where short-term rentals can capitalize on high seasonal demand.

- Annual Yield:

Although short rentals may have lulls, during peak seasons they can generate revenues that far exceed those of a long-term stable rental.

2. Limited Increases in Fees:

- Laws and Regulations:

In many places, rent increases are regulated by law, limiting the landlord’s ability to adjust the rent to the growing market.

Less Flexibility

1. Limited Personal Use:

- Availability of the Property:

Once rented, the owner loses the ability to use the property for personal purposes or to host friends and family.

- Sales Planning:

If the owner decides to sell the property, it may be difficult to do so without waiting for the lease to expire.

2. Contractual Binding:

- Contract Duration:

Long-term leases often have minimum durations, making it difficult for the owner to regain possession of the property before the lease expires.

- Restrictive Clauses:

Many contracts include clauses that protect tenants and limit the landlord’s ability to terminate the contract early.

Risk of Morosity

1. Morose Tenants:

- Payment Delays:

There is always a risk that tenants will not pay rent on time, or stop paying rent altogether.

- Legal Costs:

Recovery of unpaid fees may require expensive and time-consuming legal action.

2. Difficult Recovery:

- Insufficient Guarantees:

Even with deposits and guarantees, fully recovering the amounts owed can be difficult if the tenant is in financial difficulty.

- Eviction Process:

Evicting a delinquent tenant can be a long and complicated process, subject to laws and regulations that protect tenants.

Damage to the Property

1. Wear and Damage:

- Routine Maintenance:

Tenants may not take as good care of the property as a landlord would, leading to more wear and tear.

- Costly Repairs:

Damage caused by tenants can require significant, expensive, and sometimes uninsured repairs.

2. Lack of Adequate Maintenance:

- Neglected Small Repairs:

Tenants may ignore small repairs or problems, which could worsen over time if not promptly resolved

- Owner's responsibility:

Although contracts may specify tenant responsibilities, the landlord may still need to take action to keep the property in good condition.

Legislation and Regulation

1. Tenant Protection:

- Tenants' Rights:

Laws often offer strong protection to tenants by limiting the actions landlords can take against them, including for nonpayment or damages.

- Obligations of the Owner:

Landlords are required to meet housing standards and may have to invest in improvements or repairs required by law.

2. Legal Disputes:

- Disputes with Tenants:

Legal disputes can easily arise and resolving them can take time, money and resources.

Tenant Management

1. Choice of Tenants:

- Careful Selection:

Finding reliable tenants can be a long and challenging process. An error in selection can lead to significant problems.

- References and Verifications:

Conducting thorough reference and credit checks of tenants is essential, but requires time and resources.

2. Coexistence Issues:

- Conflicts with Neighbors:

Tenants may have problems with neighbors, creating tensions that may require landlord intervention.

- Respect for the Rules:

Tenants may not abide by the rules of the condominium or owners’ association, causing further problems.

Sales Difficulties

1. Real Estate Market:

- Reduced Attractiveness:

A long-term leased property may be less attractive to potential buyers than a vacant property, reducing the number of potential buyers.

- Sale Price:

The presence of tenants can negatively affect the sale price of the property, as new buyers may perceive risks or inconveniences.

2. Contractual Constraints:

- Ongoing Contracts:

Buyers may be discouraged from purchasing a property with existing tenants, especially if contracts include long terms or inflexible conditions.

- Takeover of Contracts:

Managing the takeover of leases can be complex and require additional time and resources.

Conclusion

Renting a long-term property in the Canary Islands can involve a number of disadvantages and issues that must be carefully considered.

It is important to evaluate these aspects in relation to one’s own needs, management and financial capabilities before making a decision, however, the advantage of renting to tourists who pay in advance and leave at a certain date remains unimpeachable, so I suggest not to be beguiled by promises of secure returns and zero worries because a long-term rental is far from it!

So if you really want to invest in real estate for income, you should not buy in the residential areas like Las Palmas or center island but you should invest in the South, in the tourist area where, in spite of what they want us to believe, a property in the right area and well equipped will only generate high and secure income from short or medium term rent.

August 9, 2024 Daniele Piccoli No Comments Luxury Real Estate

New Construction Villas in Southern Gran Canaria: Experience Luxury from €608,000 up to €2,300,000

Imagine waking up every day in the comfort of a luxury villa, with the Canarian sun shining on your beautiful garden and private pool. This dream can come true with newly built villas in southern Gran Canaria, available from 608,000€ up to 2,300,000€, depending on size, finishes, and customizations.

Exclusive Villas of New Construction in the Prestigious Resort of Salobre Golf

The villas represent the perfect combination of modern elegance and practicality, designed to offer you an uncompromising lifestyle. Located within an exclusive villa-only resort in the renowned Salobre Golf area, these homes are nestled in an environment of luxury and tranquility, perfect for those who enjoy quality of life and golf.

The villas are already under construction and offer the unique opportunity to be purchased on design, with the advantage of obtaining a purchase price significantly lower than the final market value. By buying on design, you can save up to 30 percent compared to the market price once the villa is completed. In addition, you have the opportunity to customize your villa according to your tastes and needs, and benefit from a potential increase in property value, making it an excellent investment. You will be able to resell it in the future at a higher price, thus maximizing your profit.

New Construction Villas in Masaplomas in Gran Canaria August 9, 2024

The newly built villas are available in different configurations to meet every need:

2-Bedroom Villas: With a built area of 98.33 square meters, these villas offer well-distributed spaces and a cozy ambiance, ideal for those seeking a functional and refined home.

3-Bedroom Villas: They offer a variety of square footage ranging from 111 sq. m. up to 229 sq. m., providing generous and versatile spaces perfect for families of different sizes or for those who like large, bright rooms.

4-Bedroom Villas: With a built area of approximately 350 square meters, these villas offer luxurious living spaces, ideal for those seeking the ultimate in comfort and privacy.

Every detail of these villas is designed to provide you with the utmost comfort:

Private pool: An oasis of peace and relaxation in your backyard, where you can enjoy the sun all year round.

Private garden with automatic irrigation: A perfectly manicured green area without the thought of maintenance. The automatic irrigation system will keep your garden lush and always in perfect condition.

Large terrace and porch: Perfect for outdoor dining, relaxing moments or hosting friends and family.

Private parking space: Direct access to your villa for maximum convenience.

Fully furnished kitchen: Designed with modern, high-quality furniture, ready for use from day one.

Newly built villas in Gran Canaria

Already Built Villas with 5 Bedrooms: Complete Elegance and Comfort

In addition to new construction, we also have villas already built within the same prestigious resort, available in various price ranges. These dwellings include options with up to 5 bedrooms, and each is equipped with:

Private parking: Each 5-room villa has ample private parking for your convenience.

Pool: Enjoy a private pool, ideal for relaxing and having fun with family and friends.

Customize Your Villa with Luxury Extras

New Villas, can be further enhanced with a range of optional extras that add a touch of luxury:

Bioclimatic pergola: An element that not only aesthetically enriches your terrace, but also allows you to regulate the temperature and protect you from the sun and wind.

Air conditioning: Enjoy a perfect climate in every season.

Pool climate control: Maintain ideal water temperature all year round for unparalleled comfort.

These extras allow you to make your new home truly unique, reflecting your personal style and needs.

Comprehensive Management and Maintenance Services

Our agency not only facilitates the purchase of your villa, but also offers full management and maintenance services to ensure that your property is always in perfect condition, even when you are not occupying it. Among the services included:

Pool maintenance: Regular maintenance of the pool to ensure its cleanliness and optimal operation.

Garden care: Continuous garden maintenance, including automatic watering system, to keep the green area well cared for.

General villa maintenance: Checking and taking care of living spaces and facilities to ensure that everything is working perfectly.

We also offer services of:

Management by mid-term rental: Optimize the use of your villa by renting it out during unoccupied periods.

Short-term rental to tourists: Increase your income with short-term rentals.

Tax management: We take care of tax payments and all tax aspects related to your property.

Remote purchasing through power of attorney: We facilitate purchasing even if you cannot be physically present.

Tax returns and more: We offer comprehensive assistance for all administrative and tax needs.

Contact us

To find out about all the opportunities and services we can offer you, visit our website www.propertyforsalegrancanaria.com. The owner, Daniele Piccoli, and our experienced team are here to guide you every step of the way and ensure a stress-free experience.

Buy a villa in southern Gran Canaria with the assurance of complete, personalized service, and start experiencing the luxury you deserve. Contact us today to find out how you can become the owner of one of the most exclusive villas in southern Gran Canaria. Your new life of luxury awaits!

August 9, 2024 Daniele Piccoli No Comments Renovations

Renovations in Gran Canaria

Property Renovation in Gran Canaria: The Key to Success for Short Term Rentals and Beyond

Buying a property in Gran Canaria for short rentals is a strategic decision that requires a focused and professional approach. Relying on local experts is essential to ensure a safe and profitable investment, from consulting during the purchase to signing the deed with power of attorney. However, true success comes with a thorough and well-designed renovation, a crucial factor in differentiating oneself in the competitive tourist rental market.

Why Renovation is Crucial for Short Rents?

Owning a property in a central and scenic location in Gran Canaria is only the beginning. Without a tailored renovation and carefully chosen furnishings, the risk is that you will attract few guests and see your investment lose value. A simple refresh is not enough; you need a strategic renovation project geared toward turning the property into a popular destination for tourists. The difference between a successful property and a mediocre one lies in the quality of the renovation.

Distinguishing Yourself in the Competitive Short-Term Rental Market

In the short-term rental sector in Gran Canaria, competition is fierce. Many vacation rentals are similarly furnished, with standard decorations that evoke sea and relaxation, but few manage to capture the tourist’s attention. A well-executed renovation, with a unique and distinctive design, is what makes an apartment irresistible and memorable. This is the way to stand out on increasingly crowded booking platforms.

Quality, Style and Skilled Labor: The Ingredients for a Successful Renovation

High-quality renovation in Gran Canaria is not limited to superficial work; it requires unique style, fine materials, and collaboration with skilled craftsmen. That’s where the following comes in. PROPERTYRENOVATIONGRANCANARIA.COM., a company formed by a team of Italian workers renowned for their excellence and attention to detail. Italian experience in renovation is synonymous with superior quality, guaranteeing a flawless and distinctive result capable of transforming your property into an architectural gem.

Not Just Short Rentals: Renovations for Residential Homes, Villas, Duplexes and Bungalows

As well as specializing in renovations for properties intended for short-term rentals, PROPERTYRENOVATIONGRANCANARIA.COM., led by Daniele Piccoli, offers general renovation services for any type of residential property in Gran Canaria. Whether it’s apartments, villas, duplexes or bungalows, with over 10 years of experience on the island, Daniele Piccoli and his Italian team are ready to turn your vision into reality, ensuring high-quality work that enhances every detail of your home.

Rely on Property Renovation Gran Canaria by Daniele Piccoli for Your Renovation

If you want to ensure maximum success for your property, whether for short or residential rentals, PROPERTYRENOVATIONGRANCANARIA.COM by Daniele Piccoli is the ideal choice. With a decade of experience in Gran Canaria, Daniele Piccoli and his team of highly skilled Italian workers offer a complete renovation and restyling service, taking care of every detail to transform your property into a true landmark on the island.

Conclusion: Invest in Quality Renovation to Enhance the Value of Your Property

In the short-term rental market and residential renovations in Gran Canaria, quality is a key element for success. Rely on experts in the field, such as the Italian team at PROPERTYRENOVATIONGRANCANARIA.COM led by Daniele Piccoli, means ensuring that your property becomes a coveted destination and a place to live with pleasure. Leave nothing to chance: invest in quality renovation and turn your property into a landmark in Gran Canaria.

Daniele Piccoli +34 635632009 +39 3518711203

info@propertyforsalegrancanaria.com

certificato energetico canarias
August 8, 2024 Daniele Piccoli No Comments Legislation/Laws

By 2030, 90 percent of homes in Spain, including the Canary Islands, will be energy obsolete.

EU energy efficiency targets aim to improve the energy efficiency rating of 23.5 million homes in Spain, including the Canary Islands, which are currently labeled E, F and G classes.

A study carried out by the Rental Observatory and Sociedad de Tasación assures that 89.7 percent of the homes that make up Spain’s housing stock, consisting of a total of 26 million units, have an energy rating of E, F or G. This reflects that 23.5 million homes need to be upgraded to meet the European Union’s (EU) 2030 energy consumption reduction targets.

Of the remaining 10 percent that fall within the energy efficiency parameters, less than 4 percent are categorized as efficient homes with labels A (0.91 percent), B (1.03 percent) or C (1.93 percent).

The remaining 6.42 percent of homes are labeled as E-class homes, which are neither within the range to be changed by 2030 nor within the ideal energy efficiency parameters.

Energy Classification System
This index measures the efficiency of energy consumption through a scale of values indicating a home’s consumption and the amount of CO2 it emits.

In order to meet the European Union’s targets for reducing energy consumption by 2030, it will be necessary to undertake a series of renovations and energy upgrades on some 23.5 million homes in Spain. These homes currently have low energy ratings (E, F or G), which means they consume more energy and emit more CO2 than the desired standards.

certificato energetico canarias

Interventions to be carried out could include:

Improved thermal insulation:

Add or improve insulation in walls, roofs, and floors to reduce heat loss in winter and heat gain in summer.

Replacement of windows and window frames:

Install double- or triple-glazed windows with high-efficiency frames to improve thermal insulation.

Upgrade of heating and cooling systems:

Replace old heating, ventilation and air conditioning (HVAC) systems with more efficient solutions, such as heat pumps or condensing boilers.

Installation of renewable energy systems:

Integrate solar panels, photovoltaic systems or other renewable energy sources to reduce dependence on traditional energy sources.

Improved lighting:

Replace traditional bulbs with LED bulbs, which consume less energy and have a longer lifespan.

Energy control and automation:

Implement home automation systems that automatically regulate energy use, such as smart thermostats and motion sensors for lighting.

These interventions are crucial not only to reduce energy consumption, but also to decrease CO2 emissions, in line with the European Union’s climate goals. Homes that are currently in energy class E, F or G need to be upgraded to at least class C, which is considered more efficient and sustainable.

It is advisable for homeowners to begin bringing their homes into compliance now to meet the European Union’s 2030 energy efficiency requirements. Waiting could pose significant risks. As the deadline approaches, demand for energy renovations will increase dramatically, leading to a saturation of renovation companies. This work overload will not only make it more difficult to find available professionals, but prices for materials and services are also likely to rise accordingly.

Acting early will enable owners to:

Choose from the best deals:

Have time to evaluate and select the remodeling company best suited to your needs, avoiding having to accept the only option available at the last minute. As a Renovation Company we suggest www.propertyrenovationgrancanaria.com

Benefit from incentives:

Take advantage of any tax incentives or rebates available to those who decide to carry out energy efficiency work before the deadline.

Avoid delays and inconvenience:

Schedule work at the most convenient times, avoiding delays caused by excess demand and lack of skilled labor.

Ensuring an improvement in property value:

A property with a good energy rating will not only reduce energy costs, but also increase its market value, making it more attractive when selling or renting.

Starting energy upgrades early is a winning strategy to avoid surprises and higher costs in the future, while making sure you are ready to comply with European regulations without stress.

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