INVESTING IN THE CANARY ISLANDS
In recent years, the Canary Islands have become a focus for thousands of Italian real estate investors looking for profitable opportunities. But why is investing in the Canary Islands so worthwhile? First of all, their proximity to Italy is a strong point, allowing investors to reach these islands in only a 4-hour flight. This proximity offers unique peace of mind to investors, as they can easily address any problems or needs that require their presence. Just think if you had purchased a property in the Caribbean and suddenly your presence was urgently required! Investing in the Canary Islands eliminates such worries by offering a convenient solution for real estate investment.
A crucial aspect to consider is safety: the islands offer an incredibly low crime rate, one of the lowest globally. This characteristic creates an atmosphere of serenity and tranquility that comes close to few other European destinations, providing residents and tourists with an unparalleled sense of security.
Last but not least, the climate of the Canary Islands is a key factor. Enjoying year-round sunshine, with light rainfall mainly concentrated in the northern areas and almost absent in the southern tourist areas, these islands offer ideal climatic conditions. Temperatures rarely fall below 18 degrees Celsius during the 12 months, reaching highs of 40 degrees Celsius during the summer. Thanks to this wonderful and pleasant climate, along with long golden beaches, fascinating mountain scenery, safety and affordable prices, the Canary Islands have become a destination of choice for thousands of tourists, especially from northern Europe. And where there is an influx of tourists, there is also a vibrant short-rental business. Therefore, real estate investors choose to purchase one or more properties in the Canaries to devote to tourist rentals.
“Renting an apartment in the Canary Islands to tourists offers numerous financial advantages. This form of investment ensures a continuous and profitable flow, protecting your funds from banking instabilities and financial market fluctuations. In addition, it is an opportunity to have an ideal vacation home or guesthouse for you and your family.
Investing in the short-term rental sector has many advantages over long-term rentals, especially in terms of payment security and control of the property. This choice gives you greater financial peace of mind and guaranteed returns over time.”
“Payment security is a key issue in apartments dedicated to short-term rentals for business purposes. In fact, only guests who make prepayment for their stay can enter such apartments and receive keys. This system provides owners with protection from possible non-payment, an unfortunately frequent situation in the long-term rental market that often results in legal proceedings to evict defaulting tenants. Tourist rental, on the other hand, offers a solution to all these problems: the contract is based on well-defined check-in and check-out dates and requires payment in advance.”
“In terms of control of the property, short-term rental does not imply a loss of control for the owner. In fact, the owner can continue to use the property and, when available, can also make improvements, monitor any issues, and maintain complete ownership without giving it up, unlike with long-term rentals. If you want to invest in a safe and risk-free business, short rentals in the Canary Islands are a great choice!”
