Is Gran Canaria a good place to buy property?

The Canary Islands are one of the favourite places for expats to buy property in Spain. From the great weather on the hottest Canary Islands of Tenerife and Gran Canaria to the excellent family beaches on Lanzarote and Fuerteventura, there's no end of reasons to live in the Canaries.



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Buying Property in Gran Canaria The most popular areas of Gran Canaria with British property buyers are Puerto Rico and Playa del Ingles, both of which are found on the southern coast of the island. Properties on the island are very similar to those found on the other Canary Islands.

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Average Property Prices in Gran Canaria are valued at €1,511 per square metre, but sellers expect €2,002 per square metre. The average house prices in Gran Canaria are comprised between €1,394 per square metre (TINSA) and €2,002 per square metre (Idealista).

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The most popular areas on Gran Canaria are the coastal towns of Maspalomas and Meloneras, located on the south of the island. They are known for their resorts and touristy beaches. If you're looking for shopping opportunities, these areas have a decent shopping center called Centro Comercial Playa Meloneras.

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While international investors are holding on thinking that the real estate Canaries market prices will continue going down and there will be plenty of opportunities during 2021, real estate experts agree the time to buy is now.

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The most budget-friendly islands in the Canaries are actually the biggest and most popular islands. Tenerife, Gran Canaria , Lanzarote and Fuerteventura all offer plenty of package holiday deals and have a wider range of accommodation options than their smaller neighbours ...

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So, if you're looking for cheap homes for sale in Spain and you like the idea of living by the beach on a paradise island, check out the two cheapest Canary Islands to live on – Gran Canaria and Tenerife. It doesn't hurt that they're the islands with the best weather too!

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If you are moving to the Canary islands from another EU or EEA country, you won't need a visa to enter the islands. If you are staying permanently, you'll need to obtain a residence permit and an NIE card which will be issued by the immigration service and is needed to file taxes, open a bank account, etc.

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Relocating to the island of Gran Canaria is not any more difficult to move to than other places in Europe as long as you do not attempt to drive over. However, the more information that you have about Gran Canaria before moving there, the easier things will be for you.

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The capital Las Palmas doubles as a municipality and is where the primary immigration office is located, therefore many people moving to Gran Canaria choose to live in the capital. The capital city supports the large expat community on the island and is also home to Las Canteras Beach (Playa de las Canteras).

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The luxury of Living in Exclusive Homes The most exclusive residential areas are Tafira, Santa Brígida and Maspalomas in Gran Canaria; La Orotava, Tacoronte, Puerto de la Cruz and La Laguna in Tenerife and Puerto Calero in Lanzarote.

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Land Tax/ Impuesto de Bienes Inmuebles (IBI) The exact annual IBI tax for a property depends on it's size, which Municipality it is in and the property type. Rates can vary from 0.4% to 1.1%.

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If you are a non-EEA national (including British) and wish to stay in Spain for longer than 90 days, you will need a visa. You should apply for the visa that suits your purpose from a Spanish Consulate in your home country.

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There is still a community of around 30,000 British residents, 14,557 in Santa Cruz de Tenerife province and 14,166 in Las Palmas. They have founded not only English hospitals but also clubs, cemeteries, and Anglican churches.

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Visiting Gran Canaria as a tourist. In every 180-day span, you may stay for up to 90 days. However, if you are travelling to more EU nations, you must make sure that you don't spend more than 90 days overall in all of the nations you visit within any particular 180-day period.

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Living in the Canary Islands is affordable. It's cheaper than the UK in a heap of aspects. For example, data from Numbeo suggests rental prices in the Canary Islands are 73.28% lower than in London, on average. Groceries are kinder to the bank balance too.

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The average price is just under 2,400 euros/m2 in the better areas. Houses/villas typically cost between 220,000 and 3 million euros and two-bedroom apartments between 170,000 and 540,000 euros.

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The canaries are an EU tax haven, although not in the traditional sense: this jurisdiction, part of Spain, makes available many tools for tax planning of known companies. First, the Canaries tax system is easier and with lesser tax burden than other European countries, fully legal and authorized by European Commission.

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Anyone with a sufficient motive or connection can become a resident of the Canary Islands. However, if you have decided to spend a long time in the Canary Islands, you will need a residency permit.

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