{"id":41998,"date":"2022-02-23T00:20:40","date_gmt":"2022-02-23T00:20:40","guid":{"rendered":"https:\/\/www.propertyforsalegrancanaria.com\/cheap-apartments-in-gran-canaria\/"},"modified":"2025-04-16T12:29:17","modified_gmt":"2025-04-16T12:29:17","slug":"cheap-apartments-in-gran-canaria","status":"publish","type":"post","link":"https:\/\/www.propertyforsalegrancanaria.com\/en\/cheap-apartments-in-gran-canaria\/","title":{"rendered":"CHEAP APARTMENTS IN GRAN CANARIA"},"content":{"rendered":"\n

So many people contact me to report satisfied with your work better than mine, apartments seen online for a few tens of thousands, as if I’m sitting here warming my chair and don’t know there are these great deals on the island!!!<\/p>\n\n

But they are not actually business…far from it! They are real estate in Explotaci\u00f3n Turistica <\/p>\n\n

I realize that still a lot of people, interested in real estate investment, do not know about Explotaci\u00f2n Turistica which translates into Italian as submission!<\/p>\n\n

Meanwhile, let’s look at what it is and what functions it has in an apartment complex.<\/p>\n\n

LA EXPLOTACI\u00d2N TURISTICA, is nothing more than a company authorized by the tourist office to rent apartments for nights\/weeks in complexes of private owners<\/p>\n\n

Clearly, Explotaci\u00f2n Turistica with a good investment can also own an apartment lot.<\/p>\n\n

To establish such a company in a complex, Explotaci\u00f2n Turistica will have to own at least 30 percent of the apartments in the building.<\/p>\n\n

Then having obtained at least 30 percent membership he will apply for a vacation rental license, and will then be able to market and publish his apartments on any portal dedicated to vacation rentals.<\/p>\n\n

Submission why?<\/p>\n\n

First of all, the remaining 70 percent ,or whatever, of apartments will not be able to be rented out in the same way, as it would be competitive.<\/p>\n\n

So anyone who wants to make their property work in this way will by necessity have to hand it over for management to the Explotaci\u00f2n. Clearly the Explotaci\u00f2n will pay the owner an annual amount of money on the profit made, also taking charge of the comunidad (condominium) payment, light, water and whatever else. <\/p>\n\n

Some Explotaci\u00f2n grant the use of the property a week or more to the owner, even up to two months but always usually in the low season when the property is in low demand by tourists.<\/p>\n\n

Some even run it only in winter and leave it for the summer, low season, to the owner. But how much does an owner make? In many complexes the explotadores recognize about 4500\u20ac per year or 375.00\u20ac monthly clean expenses. <\/p>\n\n

The problem is, I buy a house to spend a few months of the year in it or to rent it out with the Short Rental Business and I can’t do that? That is, I buy a house that is not practically mine in the end!<\/p>\n\n

It is a well-known story that of a lady who owns a property in Puerto Rico of Gran Canaria in a complex in Explotaci\u00f2n, who upon returning from a short vacation in her home country, found the lock changed by the Explotadora Company and was unable to enter her home; she turned to the Policia but the latter could not intervene because the law protects the Company as the owner of the management of the properties in its Complex…imagine the lady’s state of mind..and this could happen to you too!<\/p>\n\n

It happened to me personally to initially follow a lady who wished to invest here on the island by purchasing a property to devote to the Short-Term Rental Business; but after several proposals and visits on my part, after a few days she informed me that she had found a very good deal and that she was going to purchase elsewhere…<\/p>\n\n

I asked where this great deal was located , what was the property so convenient that it had slipped under my radar (!) and when my ears heard the name of the Complex I jolted in my chair!<\/p>\n\n

It was a Complex notoriously (those in the trade are very familiar with all the exploted complexes on the island) under explotaci\u00f3n and I communicated this to Mrs..<\/p>\n\n

But money had already clouded her mind, and moved by the presumption typical of clueless investors who are convinced they are experts but in reality are only attracted by the low price and perhaps the aesthetics of the property (big mistake!!), she decided to rely on those who had advised her that fantastic deal by going ahead with the purchase…bottom line?<\/p>\n\n

A few months after the purchase she contacted me again crying begging me to resell the property to her…I politely invited her to go to someone else…I would never have proposed such a purchase to one of my potential investors, my clients are not chickens to be plucked and if they were not, they would never become chickens at my hands.<\/p>\n\n

It would be like making them throw tens and tens of thousands out the window for an incautious purchase, maybe even complaining about the commission!<\/p>\n\n

This is to make you understand that you have to watch your back, trusting those who warn you of a low price , even though they know very well that you would buy right away, if they are a serious consultant they must make you desist from buying by any means available! Losing maybe the commission but sleeping soundly and gaining in reliability and professionalism, values that do not have an equal monetary counter value! <\/p>\n\n

As anticipated to you then it should also be noted that obviously the purchase of an apartment where this management figure is in force, has a low market price!<\/p>\n\n

You can find apartments from 70,000\u20ac to as high as 90,000\u20ac in areas that usually have prices, for the same square footage, of at least twice as much.<\/p>\n\n

AT THE END OF IT ALL…IN YOUR OPINION…. CAN SUCH AN ANNUITY INVESTMENT BE WORTHWHILE???????????? <\/p>\n\n

In my experience in the field of real estate investment– ABSOLUTELY NO!!!<\/p>\n\n

I will NEVER advise you to buy a property in a complex with Explotaci\u00f2n Turistica!<\/p>\n\n

So watch out for ads for real estate under 90000\u20ac because in 90% of cases there will always be a big surprise behind it!<\/p>\n\n

It is precisely here that my experience, my knowledge of the complexes in Gran Canaria and my dedication to choosing the right investment in some cases even informing myself thoroughly about the state of a Complex that I may not know about takes on value.<\/p>\n\n

WE HAVE THE SAME INTEREST IN COMMON-THE MORE YOU EARN-THE MORE I EARN!<\/p>\n\n

I WILL MAKE YOU SPEND YOUR MONEY AS IF IT WERE MY OWN! THAT’S MY FORMULA! <\/p>\n\n

INFORM YOURSELF well before any kind of purchase, DON’T BURN YOUR SAVINGS IN WRONG REAL ESTATE PURCHASES!<\/p>\n\n

\"\"<\/figure>\n\n

TO INVEST BETTER, START FOLLOWING THE METHOD I CREATED FOR YOU CALLED “The Real Estate Investors’ Circle.”<\/p>\n\n

Daniele Piccoli <\/a><\/p>\n\n

\n
\"case<\/a><\/div>\n

PROPERTY FOR SALE GRAN CANARIA<\/h2>\n\n

“The Real Estate Investors Circle.”<\/h2>\n\n

Luxury and Annuity Real Estate Investments in Gran Canaria through Power of Attorney or in-house<\/p>\n\n

Avenida de Tirajana, 37 Edificio “MERCURIO” Torre 2 – Floor 2\u00ba – Door G<\/p>\n\n

P.C. 35100 Playa del Ingl\u00e8s- Maspalomas – Gran Canaria – Canary Islands – Spain<\/p>\n\n

Daniele Piccoli (Italian) +39 351 871 1203<\/p>\n\n

Daniele Piccoli (Spanish) +34 635 632 009<\/p>\n\n

Office Phone +34 674 139 054<\/p>\n\n

Skype contact: daniele piccoli<\/p>\n\n

info@propertyforsalegrancanaria.com<\/p>\n\n

www.propertyforsalegrancanaria.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

So many people contact me to report satisfied with your work better than mine, apartments seen online for a few tens of thousands, as if I’m sitting here warming my chair and don’t know there are these great deals on the island!!! But they are not actually business…far from it! They are real estate in […]<\/p>\n","protected":false},"author":1,"featured_media":27149,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1192],"tags":[643,358],"class_list":["post-41998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-investments","tag-cheap-apartments-in-gran-canaria","tag-tourist-explotacion"],"acf":[],"yoast_head":"\nProperty for sale Gran Canaria - CHEAP APARTMENTS IN GRAN CANARIA<\/title>\n<meta name=\"description\" content=\"Cheap apartments for sale in Gran Canaria. 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