Investment Property Abroad

The Canary Islands (Atlantic) and the Balearic Islands (Mediterranean) are famous throughout the world for their amazing beaches and climate, excellent club scenes and spectacularly diverse natural landscapes.

The two archipelagos are vastly different from each other. While the Canaries offer year round sunshine and warmth, the Balearic Islands get the same kind of climate as the mainland. The Canary Islands are known for their surreal volcanic landscapes, endless sandy beaches, lush green forests and warm Atlantic waters.

Think of the Balearics and you’ll probably immediately think of Ibiza’s legendary club scene, the island’s rugged Mediterranean beauty, Formentera’s paradise beaches along with endless yachts, glamour and wealth. As you can imagine, property Prices are significantly lower in the Canaries.

The Balearic Islands
The Balearic Islands are located off the East coast of Spain, across from Valencia and are characterised by many pretty bays, caves and capes. There’s four islands in total – Mallorca, Ibiza, Menorca and Formentera.

Formentera, one of the smaller islands has some of the best beaches in Spain; idyllic stretches of fine white sand with crystal clear blue waters.

Northern Mallorca has a rugged beauty unmatched anywhere else in the archipelago, while Ibiza has matured from the clubbing capital of Europe to one of the world’s hottest festival venues and chilled-out Menorca provides families with a small and gentle island enclave.

Ibiza is probably the best known of the Balearic Islands – famous for its frenzied and decadent club scene, which exploded during the nineties, attracting some of the world’s top DJ’s to the island’s mega clubs like Pacha, Maumission, Space and Es Paradis. The most vibrant nightlife can be found in San Antonia and Ibiza town.

It’s not all just clubbing though. Apart from having a thriving gay scene, Ibiza is a great place to go during the deserted winter months. It’s the perfect getaway – Isolated and peaceful with plenty of space and light; a vast contrast to the hectic summer months.

Menorca, located close by, produces an excellent gin, which locals drink with bitter lemon. The capital, called “Maó” is where they originally created Mayonnaise.

Ibiza and the rest of the Balearics have had a well-established property market for many years, attracting countless affluent Northern European and Spanish investors. This is where you’ll find some of the most extravagant villas in Spain – some of which run into the millions.

The Canary Islands
The Canary Islands, most notably Tenerife, Lanzarote and Gran Canaria, are equally as known and popular as the Balearics – although for different reasons.

Apart from their vastly diverse natural landscapes, the Canaries are Europe’s only real tropical paradise, offering guaranteed sunshine and a warm balmy climate all year long.

Volcanic in nature, they boast some truly Spectacular scenery with massive craters, huge volcanic rocks, formidable cliffs (Los Gigantes) and Spain’s tallest mountain peak (Mount Teide).

The average air temperature on the Canary Islands ranges from a comfortable 18ºC to a cosy 24º C all throughout the year. Even the water stays warm, – hovering between 22º C in summer and 19º C in winter. It’s a true sun and sea-worshiper’s paradise.

Canary V Balearic Property Prices
If you’re looking for an apartment on say Menorca, expect to pay at least €200,000. In Ibiza and Mallorca, prices start at least €300,000. Villas start at €400,000 and go very much upwards. (www.timesonline.co.uk)

The Canaries are a different story. Apartments start at around €90,000. A small detached property can be had for just €240,000-ish.

For buy-to-let investors, the Canaries offer year round rental yields because of the consistently hot and sunny climate.

Tenerife New Developments
Here’s a few examples of what you’re likely to find online…

Caleta Palms, La Caleta
Sales Price From : €445.000
Sales Price To : €890.000
Sales Price From : £313.377
Sales Price To : £626.755
Location : La Caleta, Tenerife

Island Golf Villas, Amarilla
Sales Price From : €472.000
Sales Price To : €657.000
Sales Price From : £332.391
Sales Price To : £462.672
Location : Amarilla Golf, Tenerife

One of the easiest ways to realize a good return on investment in Fuerteventura is to purchase land or buy into a new development property.

Mirador de Lobos Golf, from Montaña Roja Estate Agents, is one of the latest new developments on the island and has excellent potential. It consists of 150 top quality semi-detached villas and duplexes, all of which are surrounded by a private golf course.
Every villa has 3 spacious double bedrooms, 2 bathrooms and a guest room.

Montaña Roja work both as a real estate agent and developer. This way they can offer their clients some very generous price reductions. They deal with various new development properties throughout Fuerteventura and Morocco.

Investment Property Abroad
Despite the recent property scare, investment property in Fuerteventura is still a popular option and one of the most secure ways of seeing a guaranteed return on investment.

Although traditionally it was the more mature investor that you’d normally see investing in property or land overseas, nowadays we’re seeing a significantly large number of young British investors doing so.

As well as investing overseas, many Britons are making the permanent move to sunnier climes. Even back in 2004, over two hundred Britons moved abroad.
Two very popular up-and-coming areas are Fuerteventura and Morocco, both of which have undergone massive beneficial growth with many new property development schemes already constructed.

In order to cope with the demand, the authorities have greatly improved the infrastructure and there are now plenty of cheap and available flights flying to and from each of these destinations from most UK airports.

Mirador de Lobos Golf
Mirador de Lobos is scheduled for completion in January 2008. It’s one of the highest quality developments on the island and is very much sought after. Just think, in a few months you could be enjoying a few rounds of golf on your own private course, overlooking the Atlantic Ocean, at any stage of the year in just shorts and a t-shirt.

As well as the 3 double bedrooms and 2 bathrooms, each property also has a guest bathroom, a spacious lounge/dining room and a separate kitchen with a choice of single storey or two storey layouts.

You also get a private garden, which has both covered and open terraces. Then there’s the huge roof terrace, where you can really get to appreciate the fabulous light and climate.
Mirador de Lobos is located in the exclusive Parque Natural area of Corralejo, in northern Fuerteventura.

This is one of the most desirable parts of the island to own a property, either solely as an investment or as a place to live with an excellent standard of life.

Montaña Roja
Montaña Roja are involved with nearly all of the latest property development schemes in both Fuerteventura and Morocco.

They work both as an estate agent and a developer. By doing so, they effectively “cut out the middleman”. The savings gained from not using any intermediaries is passed onto clients. Montaña Roja is undoubtedly where you’ll find the best value for money in either of the locations.

With such exceptionally priced off plan development property available you can easily make an excellent return on investment.

Contact details
If you have any questions regarding this or any other
development/property you can contact them at the following address…

Montaña Roja
Gestión Inmobiliaria Montaña Roja. S.L.
C/. Nuestra Sra del Carmen, 40
35660 Corralejo
Fuerteventura, Canary Islands, Spain
Sales Office New Developments
Phone: 00 34 928 537 301
Phone: 00 34 928 866 337
Fax: 00 34 928 867 614
Fax: 00 34 928 867 481
Email: info@Montañaroja.com