Buying a property in Gran Canaria is not necessarily just a ‘family affair’, there is a lot of investors who look for a return on capital by investing in rental property. Property prices have been a sound long term investment, so it is a sound fananical move too. Of course, it would be a waste to have a property sitting empty, so many people buy properties, then rent them out (either long-term or holiday lets). This brings a good monthly income, as well as the property increasing in value!
Bearing in mind where you buy the property will have an effect on the type of ‘letting’ that will best suit when it comes to rental potential. Somewhere along the coast and near to Gran Canaria’s many beaches would be a good holiday let, which will bring in a high weekly rent when occupied, on the other hand, some of the larger towns where there are apartment blocks, as well as residential duplexes etc, but no views to write home about, may be more suited to long-term letting.
GRAN CANARIA PROPERTY SELECTION
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