Explotación Turistica: What No One Tells You Before You Buy House in Gran Canaria
Investing in Gran Canaria is not always a bargain: beware of tourist traps.
TOURISM EXPLOTACIÒN: WHEN PRICE DOES NOT MAKE VALUE
The price not does the value
Continuous a receive reports by people which yes leave bewitch from prices Interesting, visa the market current, by apartments finely restructured located at complexes luxurious e taken care of in the zones best of south by Grand Canaria But.
…no one says them that they are buying a apartment in complex under explotaciòn turística!!
"Rogue" real estate agencies?
There are agencies real estate at South by Grand Canaria which not so if define clever o only ignoramuses!
Not can believe that in 2025, after well 30 years of explotaciòn turística On the island, still these agents real estate not any know the meaning… or do they pretend?
Ignorance is no longer an excuse
Not I can accept which people of genre continue at operate undisturbed on the island cheating unsuspecting investors which maybe have sweaty one life for put by part these money e now are fooled so…
But the consciousness these people ce have one?
Ignorance in these cases not è allowed!
There are of decrees law which regulate l’explotaciòn turística by decades e which by decades are updated e modified, e who works at sector real estate MUST know them!
Documents, laws and notaries
We want to talk about Ley de propiedad horizontal?
We want to list i documents which need for buy a property e which not you will have never when you will buy one room Of hotel?
E not give the blame to the notaries if still in 2025 are stipulated these sales:
the notary not has the obligation by ask you if you are sucker o intelligent, you ask by buy e him puts at act the procedure for Doing so… period!
What about the complicit lawyers?
E not rely a know-it-alls lawyers in cahoots with the agencies…
Ne I have hear many by agreements at shoulders of buyers for divide the loot which I could write a book!
How to recognize a hotel masquerading as an apartment
When these agents there bring a visit real estate new e glittering, with furnishings e furnishings clearly by hotel, at complexes with reception h24, sir of housekeeping with i carts, guys of animation e especially one nice license plate at view at the entrance main with one great H… possible which a doubt small small but right small not there comes which state looking at a hotel????
Watch out for "too good" prices
Not serves be experts agents real estate but have a minimum by spirit by remark e especially thinking:
why this nice apartment has a price lower at dive bars inner e by renovate which I have visited so far?
Mah Who knows… I’ll be status fortunate a meet this agent so kind e are clever a not pay almost 200.000 euro for one dive bar as those which I have visited so far!
The limit between dumb e cunning è very labile in this case…
The only one who gains is.
Very simple!
Buy a apartment of kind is equivalent a throwing i money from the window, at be fine, means which the only which there will gain è the owner which yes will le one nice cat by peel, but will be also the agent real estate which will celebrate the his nice commission thank you at chicken by shift.
The limitations of this type of investment
The agents real estate not there will say never the issues underlying at a investment of genre o for ignorance o for cunning, and è for this motif which not you must entrust i your money a anyone, but a professionals of sector which know follow you seriously e with transparency to the yours objective, helping you a realize it at best.
Why a property in explotación turística is a trap
But why a property under explotaciòn turística not è a good investment?
In first firstly because you are buying a room hotel a all the effects e obviously not you can put you the yours residence nor rent it by long term for I same reason.
Not you can however not even rent it for months o nights why there will think the company explotadora a do it for you… thanking you with a compensation monthly maximum of 400 euro, pocketing at least 10 times as much with home your own!
Here are the real numbers
In summary, when purchased a property of genre you are obligated a deliver the keys e the management at company internal which yes will occupy by locarlo at tourists a prices by their established, recognizing you a paltry amount fixed monthly.
Consider that a property of such costs 170.000 euro + taxes = about 190.000 euros.
La yours annuity by 400 euro x 12 months = 4.800 euro gross per year, at such as you will pay the taxes…
At end there will remain maybe the 2% yearly on the investment.
What if I want to resell?
Definitely there will be who says. “okay me goes good, better of banks.” But.if then I wanted to sell it a someday?
You should meet a chicken like you… difficult, but not impossible!
Beware of "hoax" gurus and luxury hotel showcases
After this explanation practice by what means buy a property at complex under explotaciòn turística, you I invite a look at yourself well from relying to agents real estate fuffa gurus who will try to win you over With:
the comfortable mattress which keeps the shape of your body for 10 years
the shower a overflow with walls made of granite illuminated
the view fantastic on the pool from a terrace furnished in rattan woven…
Of course, are rooms designed by multimillion-dollar chains hotels…
There would miss also that were miserable!
The truth: what a professional would propose to you
A professional not you would propose never of buy a property at a complex of such as this.
A professional not è “expensive” why you proposes real estate expensive by renovate at fourth plan without elevator at same price Of the hotel… but Because:
knows that restructuring it the your income will be very more higher
not you will lose the control of your property
you can take advantage of it when you want
you can resell it easily a a other investor
Contact me
If do you want deepen the topic, me are a available for a consultation free of charge in the my office o by phone.
I will I will explain in detail what e where buy a property on the island, without whether e without but.
