The perennial popularity of the Canary Islands as a tourist destination comes as no surprise. The islands offer a pleasant climate, outstanding beaches, natural beauty, and idyllic culture and architecture.
Thanks to affordable air passenger service tying the Canary Islands closer to Europe, the tourist economy is booming like never before. UK investors have grown particularly fond of buying Canary Island property for permanent relocation, holiday residence, or rental income. (Talk to us if you’re buying Canary Islands property and need help with holiday home insurance).
Are you just getting started with your island property search? Let us give you a handy rundown on some of the best destinations to consider in the Canaries.
Largest of the Canary Islands, Tenerife is also probably the most accessible. Multiple flights from every part of the UK arrive regularly on Tenerife. This is a superb place to buy a holiday home, as your personal retreat can also turn into a very profitable rental property when you’re not using it.
Playa de las Americas
This resort community is positively bursting with bars, nightlife, restaurants, and water sports, making it ideal for visitors who crave excitement on their holidays. If you’re looking for a slightly calmer ‘compromise’ sort of neighbourhood, consider San Eugenio Bajo. Located on the periphery of Playa de las Americas, this area is peaceful enough to unwind in but still conveniently located to all of the region’s attractions.
Just a little south of Las Americas, you’ll find this community packed with beachfront holiday apartment complexes. The extensive supply of nearby amenities makes this a superb area for holiday rental property. Los Cristianos is an extensive sheltered bay with two excellent beaches flanking its harbour. Watersports needs are met by the nearby Playa de las Vistas, and volcanic Mount Gauza is visible in the distance.
There are a few reputable Los Cristianos estate agents who can provide you with expert advice about the location and the many complexes you can purchase a property from so do your research and utilise their services.
Spanning the stretch between Playa Paraiso and Playa Fanabe, Adeje is a popular destination offering both high-rise apartment blocks and low-rise townhouses. Accommodations are affordable and the community is noted for both its beaches and its nightlife.
Playa de las Teresitas / San Adres
These always-bustling destinations are definitely worth considering if you want to invest in rental property with plenty of guest demand. Prices are generally affordable, making these tourist hotspots quite profitable for canny property owners.
The most volcanically-active of the Canary Islands, Lanzarote is famous all over the world for its beautiful, exotic black sand beaches. Lanzarote has a long-running and carefully-protected reputation as the most exclusive of the Canaries. Thanks to restrictive building regulations, Lanzarote has far less high-density development than neighbouring islands. Residential properties on Lanzarote tend to follow the same simple style of unadorned white cubism, and buildings rising more than three floors are rare.
Puerto del Carmen
As the oldest and most fashionable resort on the island, Puerto del Carmen boasts a number of historic attractions. It has a beautiful old town, a picturesque fishing harbour, and six kilometres of beautiful beaches. Located just ten minutes from the nearest airport, Puerto del Carmen is a superb place to find some of Lanzarote’s most prestigious investment properties. Property values tend to be uniformly high and offer long-term stability, but bargains are available for sharp-eyed buyers.
Located on Lanzarote’s eastern side, Costa Teguise offers facilities like windsurfing schools, a water park, and an excellent golf course. There are plenty of bars, clubs, and restaurants, though overall the community’s nightlife is somewhat more subdued than that of Puerto del Carmen. Costa Teguise is especially popular for expatriates looking for a full-time residence in the Canaries or for those looking to purchase a rental apartment or villa.
A half-hour’s drive from the airport, on the island’s southern tip, the fully-featured tourist community of Playa Blanca offers many attractions. It has outstanding beaches and restaurants, and the Papgayo Beach resort lies just a few minutes outside the town. Just isolated enough to be exclusive, Playa Blanca has more than enough amenities to satisfy even the most demanding visitor.
Fuerteventura boasts some of the very finest seaside terrain in the Canary Islands. Its pristine white beaches are lapped by clear turquoise seas. Fuerteventura is also attractive because it is one of the Canaries’ least-commercialised destinations. Expatriates tend to concentration on resort communities like Corralejo’s Caleta de Fuste. Investors will find no shortage of property opportunities, running the gamut from luxury villas to studio apartments.
At the north end of the island, Corralejo is well known for its strong rental prospects. The Caleta de Fuste resort is particularly popular with investors. It’s located no more than ten minutes away from outstanding beaches and shopping districts. The resort includes tennis courts, a pool, and a gym in order to make it more attractive for holiday rentals. The nearby Fuerteventura Golf Resort is also an excellent investment target. Corralejo is an outstanding holiday community, so this area is particularly well-suited to purchasing rental property.
Don’t be misled by the island’s name; Gran Canaria is actually the Canaries’ third-largest island. Where it reigns supreme is in terms of population. Almost 50 percent of the Islands’ population lives on Gran Canaria. The island features surprisingly diverse terrain from the verdant north to the desert south and the mountainous interior in between. Gran Canaria offers an enormous variety of activities to go along with its settings, covering attractions like hiking and riding as well as the common water sports and beach-going.
A thriving commercial centre, Las Palmas includes many different neighbourhoods. Holiday and investment properties are available at every size and level of luxury. The sheer variety and vitality of the city is its greatest attraction, but the beaches at Playa de las Canteras are also always popular. Nicely-located property anywhere in Las Palmas presents excellent profit potential, and the city is equally attractive for relocation, rental ownership, or holiday residence.
Known as Gran Canaria’s version of Beverly Hills, Meloneras is an extremely luxurious community. It’s conveniently located near Playa del Ingles and Maspalomas, and there are also tons of high-end options for shopping, dining, and drinking in the vicinity. Meloneras’s gorgeous 18-hole golf course with its spectacular views also makes the area especially attractive to golf-minded visitors. It takes a significant amount of money to invest in Meloneras property, but the returns are also greater than normal.
Puerto de las Nieves
Puerto de las Nieves, clinging tight to the northern end of the island, is one of Gran Canaria’s less-developed communities. The town has a harbour, but the population is low and the coastline is wild and natural. This is the perfect area for nature-minded visitors. The surrounding highlands offer countless superb hiking trails. For investors the area’s affordable property prices are particularly attractive; it’s one of the best parts of the island for budget-conscious buyers.