Name: property for sale gran canaria
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August 7, 2024 Daniele Piccoli No Comments Real Estate Investments

Investing in Las Palmas or Southern Gran Canaria?

Investing in Las Palmas: the risks for real estate investors. Find out why putting real estate into income in the city may not be cost-effective.

Let me preface by saying I have nothing against Las Palmas…in fact I love it! I have all my friends who live in the North, I spend almost all my weekends there, I like walking in Las Canteras, shopping at Corte Inglès, biking on Avenida Maritima, getting lost in the little alleys of Vegueta and Triana but…my money and my investors’ money would not spend it on real estate to put into income!

Buying in Las Palmas means investing in a market that is far from rich! in what sense? in the sense that in Las Palmas tourist properties are rented mainly to young people, to people who want to get to know the city a little bit for a few weeks or months perhaps taking a Spanish course on the fly, or for those looking for a fortune …credit where credit is due!

But to make money from short- or medium-term rentals YOU NEED TO BUY IN THE SOUTH!

Have you ever seen dozens of couples over from northern Europe spending 3-4 weeks or even months in Las Palmas in winter? I really few…if any…and it is the northerners who have the highest number of winter vacation days! It is Northerners who receive government subsidies to go on vacation! It is the Nordics who are the richest retirees in Europe! (Germans, Norwegians, Swedes, Finns, Icelanders, Irish, English, etc.).

Try coming to Puerto Rico or Maspalomas in November …..i Pubs and Karaoke blow up!!! Beaches are sold out and at night for a cab you have to wait and wait …. so?

Have you ever strolled in November in Las Canteras after 10 pm? there are you and the sea…wonderful let alone but have you ever seen hordes of tourists singing , dancing, drinking late into the night? Me in 10 years never!!! A few at the famous and only pub in the area … but very few and all mainly young …

Short-term rentals are tourist rentals, and whether you love it or hate it, the TOURIST ZONE OF GRAN CANARIA IS THE SOUTH! There is little to do…

Winter bookings have already exploded and many apartments that I exclusively manage are sold out with mind-boggling prices per night….and the names of the tourists are all unintelligible !!!

I have all the bookings even from past years that prove how worthwhile and profitable an investment is in the South in the short- or medium-term rental business..and no law and no Guru will ever be able to stop winter tourism in the heat…and if we really want to put it bluntly…not even summer tourism!

In fact, this year as never before even in summer the South of the island appeals to tourists, certainly influenced by the unfortunately difficult situation in the Middle East area…but also because in Las Palmas there is panza de burro (donkey belly)!!! clouds, clouds and clouds almost every day…

SO LISTEN TO THE NUMBERS and not to the Gurus with videos on Tik Tok, Facebook, YouTube, etc., who try to convince you with strange theories about the advantages of buying a property to put income with tourism in northern Gran Canaria!

But then sorry, and I will conclude, you if you were to go on vacation to the sea, would you choose a studio apartment in a building in the middle of traffic and smog with a cool, cloudy and windy climate in the winter, or a bungalow with a garden, an apartment with a terrace overlooking the sea in quiet San Agustin or up in Puerto Rico with one of the best microclimates in the world and year-round sunshine?

Look a bit on Idealista…how many tourist apartments for sale are there in Las Palmas with photos of towels on the beds and bottles of sparkling wine on the snack top…and how many are there in the South?? very few! and ask yourself two questions no! I don’t sell if I know it makes me! (in a few cases you sell for other reasons for sure, even I have cases of apartments for sale in the south for personal reasons even serious ones of the owners..but these are exceptions)

You be the judge … I meanwhile enjoy reading and sneer to myself …

If you are interested in Investing in Gran Canaria please contact me.

Daniele Piccoli +34 635 632 009 +39 351 871 1203

July 20, 2024 Daniele Piccoli No Comments Luxury Real Estate, Real Estate Investments, Uncategorized

New Build Luxury Villas for Sale in Southern Gran Canaria: Your Dream Home from €608,000

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

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

Exclusive New Build Villas in the Prestigious Salobre Golf Resort

Our villas represent the perfect combination of modern elegance and practicality, designed to offer you a lifestyle without compromise. Located within an exclusive villa-only resort in the renowned Salobre Golf area, these homes are nestled in a luxurious and tranquil environment, perfect for those who value quality of life and golf.

The villas are already under construction and offer the unique opportunity to be purchased off-plan, with the advantage of obtaining a significantly lower purchase price than the final market value. By purchasing off-plan, you can save up to 30% compared to the market price once the villa is completed. Additionally, 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 a great investment. You can resell it in the future at a higher price, thus maximizing your profit.

The new build villas are available in various configurations to suit every need:

Villas with 2 bedrooms: With a built area of 98.33 sqm, these villas offer well-distributed spaces and a cozy environment, ideal for those looking for a functional and refined home.

Villas with 3 bedrooms: They offer a variety of sizes ranging from 111 sqm to 229 sqm, providing generous and versatile spaces, perfect for families of different sizes or those who love large, bright environments.

Villas with 4 bedrooms: With a built area of around 350 sqm, these villas offer luxurious living spaces, ideal for those seeking the ultimate in comfort and privacy.

Every detail of these villas has been designed to offer you the utmost comfort:

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

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

Spacious terrace and porch: Perfect for outdoor dining, relaxation, or hosting friends and family.

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

Fully furnished kitchen: Designed with modern, high-quality furniture, ready to be used from day one.

Already Built Villas with 5 Bedrooms: Complete Elegance and Comfort

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

Private parking: Every 5-bedroom 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

The villas, whether new or already existing, can be further enhanced with a range of optional extras that add a touch of luxury:

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

Air conditioning: Enjoy perfect climate control in every season.

Pool heating: Keep the water temperature ideal 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 doesn’t just facilitate the purchase of your villa but also offers a comprehensive management and maintenance service to ensure that your property is always in perfect condition, even when you’re not occupying it. Among the services included:

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

Garden care: Continuous maintenance of the garden, including the automatic irrigation system, to keep the green area always well-kept.

General villa maintenance: Inspection and care of the living spaces and systems to ensure everything functions perfectly.

We also offer:

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

Short-term tourist rentals: Increase your income with short-term rentals.

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

Remote purchase through power of attorney: We facilitate the purchase even if you can’t be physically present.

Income tax filing and more: We offer complete assistance for all administrative and tax needs.

Contact Us

To discover all the opportunities and services we can offer, visit our website www.propertyforsalegrancanaria.com. The owner, Daniele Piccoli, and our expert team are at your disposal to guide you through every step of the purchase process and ensure a stress-free experience.

Purchase a villa in southern Gran Canaria with the assurance of complete and personalized service, and start living 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 luxury life awaits!

Daniele Piccoli +34 635632009

info@propertyforsalegrancanaria.com

July 15, 2024 Daniele Piccoli No Comments Real Estate Investments

Investing in the Canary Islands 2024

The Canary Islands end 2023 with nearly a million more foreign tourists than before the pandemic.

The Canary Islands received a total of 14.1 million foreign tourists in 2023, confirming their tourism record, according to figures released yesterday by the Canary Islands government and based on Aena passenger figures.

The figure represents the closing of the fiscal year with nearly one million more visitors than in the pre-covid period in 2019. In percentage terms, the increase is 6.9 percent

The island of Gran Canaria, for its part, received 80,000 more people than in 2019.

With the 2023 figures, the British market emerges as the bastion of Canarian tourism, with about 5.7 million people arriving in 2023, meaning that roughly 4 out of every 10 foreigners landing in the islands are British.

Despite the complicated economic times facing most of the planet, people still consider travel a fundamental pillar of their lives and, according to hotel industry sources, prioritize it over other material goods, such as buying a new car.

This new mindset, coupled with the archipelago’s weather conditions, which have been even warmer this past year; the diversion of tourists who normally go to countries such as Egypt, Turkey or Tunisia because of the conflicts in the Middle East have allowed the Canary Islands to continue to be one of Europe’s tourism powerhouses.

Enaire, the national air navigation operator, recorded an all-time record for flight handling in 2023 with about 2.2 million flights statewide, a 10 percent increase over 2022. Of this total, 8.1 percent was handled by the Canary control center, with 380,004 flights. Of these, 180,482 flights were international, an increase of 7 percent; 159,464 were domestic, an increase of 7.7 percent; and 40,058 were overflights, an increase of 16.2 percent. It continues to be one of Europe’s tourism powerhouses.

Statistics show that the new season could bring even more tourists, further cementing the Canary Islands’ reputation as a top destination.

This steady growth in tourism creates a growing demand for accommodations, both short and long term. Investors can take advantage of this demand by purchasing properties to rent to tourists, thus ensuring a stable and profitable revenue stream. In particular, vacation homes (Viviendas Vacacionales) saw a 50 percent increase in bookings over previous years, demonstrating a robust and growing demand for this type of accommodation.

Growing Real Estate Market

That said, the Canary Islands, have been emerging for several years now as an increasingly attractive destination for international real estate investors, especially Italians. This interest is fueled by a number of significant economic advantages that the Canary Islands offer over Italy, making them a preferred choice for those seeking to diversify their real estate portfolio. Italian investors find opportunities in the Canary Islands particularly attractive due to cultural and linguistic familiarity, as well as favorable economic conditions.

Lower Costs of Real Estate Investment in the Canary Islands than in Italy

Climate and Lifestyle

In addition to the financial aspects, the Canary Islands offer a year-round temperate climate and a spectacular natural environment, making it a desirable destination not only for investment but also for those looking for a second home or a place to retire. These factors help keep the Canary real estate market dynamic and attractive to a wide range of buyers.

Purchase Costs and Taxes

One of the main advantages of the Canary Islands over Italy is lower acquisition costs and a more favorable tax burden for investors. In Italy, real estate investments are often burdened with high costs, including purchase taxes and other legal fees. The Canary Islands, on the other hand, has a more favorable tax regime, with generally lower purchase taxes than many Italian regions. In addition, property taxes and real estate income taxes can be less onerous, offering investors the opportunity to maximize net returns.

When comparing the costs of buying a home in the Canaries with those in Italy, significant differences emerge that make the Canaries a more advantageous option for many investors.

Italy: In Italy, property purchase taxes can be high and vary depending on the nature of the purchase (first home, second home, investment). The registration tax, mortgage tax and cadastral tax can add up to 10-12% of the declared purchase price.

Canary Islands: In the Canary Islands, purchase taxes are generally lower than in Italy. The property transfer tax (ITP), which corresponds to the registration tax in Italy, is usually lower and can range between 6 percent and 8 percent depending on the value of the property. In addition, the Canary Islands offer tax exemptions for first-time homebuyers and other concessions that can further reduce the tax burden.

Notary and Legal Costs

Italy: Notary and legal costs in Italy are traditionally higher than in other jurisdictions. Italian notaries charge fixed fees that can be proportional to the purchase price of the property, adding a significant cost to the overall transaction.

Canary Islands: Although notary and legal costs in the Canary Islands can vary, they tend to be lower than in Italy. This can be attributed to lower notary fees and a legal structure that can be less complex than the Italian system.

Property and Maintenance Taxes

Italy: Annual property taxes in Italy (IMU) can be significant, and must be considered as ongoing costs in addition to the initial purchase. In addition, property maintenance and management in Italy can incur higher costs due to local regulations and legislation.

Canary Islands: Annual property taxes in the Canary Islands (Impuesto sobre Bienes Inmuebles – IBI) tend to be less onerous than the Italian IMU. Property maintenance and management costs can also be lower due to the mild climate and weather conditions that require less maintenance than in more continental regions.

The quick resale of the property

Investors who purchase property on the island often see an increase in property value within a few years, allowing them to realize a significant ROI. Unlike the Italian real estate market, where sales times can be longer and price trends more stable, Gran Canaria offers a more dynamic environment that adapts quickly to global market fluctuations. Investors who choose to buy here not only enjoy potential long-term capital growth, but also the ability to resell their properties relatively quickly and with a positive financial return

Conclusions

Investing in real estate in the Canary Islands can offer a number of significant economic advantages over buying in Italy. From lower purchase costs and less burdensome taxes to lower notary and legal fees, the Canary Islands have become an attractive choice for Italian investors seeking to expand their real estate portfolio abroad. These advantages combined with a growing market and favorable environment make the Canaries a promising destination for anyone interested in international real estate investment.

Daniele Piccoli

Maspalomas July 15, 2024

July 13, 2024 Daniele Piccoli No Comments Industry Professionals, Real Estate Agency in Gran Canaria

BEST ITALIAN REAL ESTATE AGENCY IN GRAN CANARIA

If you are looking for the best Italian real estate agency in Gran Canaria, look no further. Property for Sale Gran Canaria is a leader in the industry, offering a wide range of services for those looking to buy or sell property on the island.

The owner of this renowned agency, Daniele Piccoli, is an experienced real estate consultant with a long list of successful sales. Its specialty is remote assistance, through Notarized Power of Attorney or Minutes, making the process of buying or selling a property in Gran Canaria simple and uncomplicated.

But Daniele Piccoli’s expertise does not stop there. In addition to facilitating your property purchase, he also offers Tax management services for real estate, restyling and renovation planning. Whether you want to customize your new island home or improve an existing property, Daniele will be able to help make your wishes come true.

If, on the other hand, you are interested in getting your property into income through Short Rentals to tourists, Daniele can guide you in this area as well. With accumulated experience in the real estate market in the tourist area of southern Gran Canaria, he has developed the investment method called “The Real Estate Investors Circle.” This method provides specialized advice to real estate investors who wish to earn a stable income through renting bungalows, apartments or luxury villas on the island.

Relying on Property for Sale Gran Canaria means having a team of competent and reliable professionals at your disposal, ready to meet your every real estate need. With their in-depth knowledge of the local market and extensive network of contacts, they will be able to identify the perfect property for you and guide you through every step of the buying process.

Don’t waste precious time searching for other real estate agencies in Gran Canaria. Choose Property for Sale Gran Canaria as your trusted partner and realize your dream of owning property on the enchanting island of Gran Canaria. Contact Daniele Piccoli today and begin your journey to a new life in the Canary Islands archipelago.

As of October 26, 2022, DANIELE PICCOLI has obtained the prestigious title of the first and only officially recognized Italian real estate agent in the 8 Canary Islands. Registered under the number RAIC 0000049A in the Register of Real Estate Agents, Daniele Piccoli offers a high level of service in real estate, providing clients with unparalleled expertise and experience. Learn more about how he can help you realize your dreams of buying, selling or renting property in the enchanting Canary Islands.

The privilege of being the first Italian real estate agent in the Canary Islands Since the establishment of the Register of Real Estate Agents in the Canary Islands, Daniele Piccoli has distinguished himself as the first and only Italian agent to obtain official registration. This important designation confirms the agency’s professionalism, integrity and expertise in providing high quality real estate services in the Canary Islands

Year: 2024