Canary Islands Real Estate - Good For Investment In 2008

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by: Honor Arriciefe
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If you are considering buying a holiday home, you may be surprised that prices for apartments and villas on Spain's Canary Islands are looking good for investors in the coming year.

The latest statistics show that prices on the islands of Tenerife and Gran Canaria have never been more appealing for those seeking a permanent home or just a home away from home. Can you imagine living in a lush tropical paradise, permanently, with a price tag that is within reach?

Experts have stated that the tourism industry for this area dropped slightly in 2007. There were nearly 250,000 fewer tourists to the islands than anticipated. This drop, as slight as it may be, has created an excellent opportunity for the potential property owner.

Tenerife is the largest of the islands and offers full amenities for both visitors and residents. Many are shocked that prices for property on this beautiful island remain well below the national average. The property values are increasing on Tenerife, as is the popularity of this vacation island, but Tenerife is still a viable option for potential residents.

Whether you're looking to buy or just want to visit a tropical locale, consider another of the Canary Islands - Lanzarote.

The island is unique from any other in the world. The volcanic activity that swept the island through the 18th and 19th centuries created a vast island that has almost lunar qualities. The volcanic surface of the island may appear strange and lifeless, at first, but the visitor quickly discovers the power of residents ingenuity.

A vineyard would be the last thing many people would expect to see on an island seemingly covered with volcanic residue, however, La Geria offers an inspiring look at how nature can triumph over the harshest circumstances. The workers of the vineyards learned to dig deep, below the volcanic ash, and plant their vines within the soil below.

Lanzarote was an incredibly fertile and productive island until the volcanic activity began. The enriched soil below the crust of ash helps roots develop, and the unique soil content gives Le Geria wines a distinctively delicate taste. Visitors are welcome at the wineries of the island and can taste and purchase the wares.

Lanzarote also offers many facilities for both residents and visitors. The Contemporary Art Museum celebrates the more traditional history of the island. Residents are also delighted to see a lack of commercialism on the island, but benefit from low cost flights to Lanzarote from airports throughout Europe.

Teguise in Lanzarote is the former capital city, and remains one of the oldest cities along these archipelagos. Visitors and residents alike will enjoy the Sunday markets and the shops offering a variety of unique goods and products.

If you are interested in purchasing property on any of these islands, the Internet provides an impressive platform for learning more about the islands, their customs and culture and just how affordable life can be on the island.

About the Author

Tribune Properties provide travel guides for both Lanzarote and Tenerife on the Canary Islands, along with villa holidays in Cyprus

The Lanzarote guide offers airport and airline information, a weather forecast and a map of Lanzarote

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