CANARY ISLANDS
EARNERS ISLAND
Anyone looking for a buy-to-let holiday home should consider the Canary Islands, a long-term favourite for both British and continental holidaymakers, with solid year-round returns. We check out the main options
WORDS LIZ ROWLINSON O
ffering the most accessible year-round sun available to the British – and at the end of just a four-hour fl ight –
the Canary Islands have long been one of our favourite second-home locations. With average temperatures in the
mid-twenties they consistently feature amongst the highest performers for holiday lettings websites too. They are fi rmly established markets for many Europeans, and well-supplied with fl ights – unlike the Cape Verde Islands for example – making them ideal for buy-to-let investors. Yet the Canaries have not been especially fashionable of late. Slightly overshadowed in the last couple of years by the emerging non-euro “cheap sun” nations such as Egypt, Tunisia and Morocco, they are now benefi ting from the unrest in the North African region. Visitor levels to the Canaries soared by 20 per cent in
Lettable holiday homes
February as holiday makers shunned Egypt in particular, preferring to avoid political uncertainty and the risk of suspended fl ights. The islands have not escaped the Spanish property downturn, but reduced purchase prices combined with a buoyant rentals market adds up to some healthy potential yields. So if you want to buy a property and rental income is your main priority, where do you look? Well forget love at fi rst sight, you need a very hard-headed approach to research and number crunching. A romantic little house miles from anywhere might be your dream holiday home, but the computer says that paying guests want major resorts with facilities on tap, a short walk from the nearest beach. In terms of tourist volumes, it’s a
question of Tenerife, Lanzarote and Fuerteventura, but how do they weigh up?
LANZAROTE CANARY ISLANDS ARRECIFE LA PALMA TENERIFE LA GOMERA EL HIERRO
LOS CRISTIANOS SANTA CRUZ
GRAN CANARIA PLAYA BLANCA
PUERTO DEL ROSARIO CALETA DEL FUSTE
LAS PALMAS FUERTEVENTURA MASPALOMAS
JUNE 2011 A PLACE IN THE SUN 27
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