{"id":17144,"date":"2024-02-07T14:34:16","date_gmt":"2024-02-07T14:34:16","guid":{"rendered":"https:\/\/viking-realestate.com\/?p=17144"},"modified":"2024-02-07T14:38:15","modified_gmt":"2024-02-07T14:38:15","slug":"investment-opportunities-in-the-canary-islands-exploring-diverse-avenues","status":"publish","type":"post","link":"https:\/\/viking-realestate.com\/en\/investment-opportunities-in-the-canary-islands-exploring-diverse-avenues\/","title":{"rendered":"Investment Opportunities in the Canary Islands: Exploring Diverse Avenues"},"content":{"rendered":"<p>With over 12 million tourists flocking to the Canary Islands annually, the archipelago has become a hotspot for both vacationers and investors. Beyond the picturesque landscapes and favorable climate, the Canaries present a myriad of investment opportunities, ranging from real estate to the thriving travel industry.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>WEATHER AND LIFESTYLE:<\/strong><\/p>\n<p><strong>\u00a0<\/strong>The Canaries&#8217; mild climate, constant ocean temperatures, and low humidity create an idyllic environment for both travel and living. These conditions contribute to a longer life expectancy, making it an attractive destination for those seeking a healthier lifestyle.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>TAX ADVANTAGES:<\/strong><\/p>\n<p><strong>\u00a0<\/strong>Apart from the weather, the local taxation system further enhances the appeal of the Canary Islands. With the application of IGIC (Impuesto General Indirecto Canario) at a rate of 7%, as opposed to mainland Spain&#8217;s 21% VAT, the cost of living and investing in the Canaries becomes significantly more affordable. This favorable tax structure opens up multiple investment avenues.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>INVESTMENT TYPES:<\/strong><\/p>\n<ol>\n<li>Under-construction Property:<\/li>\n<\/ol>\n<ul>\n<li>Equity participation in construction yields profitable returns, with property values increasing by 30-40% during the two-year construction period.<\/li>\n<li>A flexible payment structure allows buyers to secure a property with a reservation fee, followed by staged payments.<\/li>\n<li>Opting for a mortgage loan covers the remaining cost, making real estate ownership accessible.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"2\">\n<li>Existing Property:<\/li>\n<\/ol>\n<ul>\n<li>Purchasing existing real estate is a common and lucrative option, with a high demand for apartment rentals.<\/li>\n<li>Accessible mortgages for 70% of the property value and lower tax rates make this investment attractive.<\/li>\n<li>The Canaries offer benefits like obtaining residence, extended stay rights, and rental income potential.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"3\">\n<li>Travel Industry:<\/li>\n<\/ol>\n<ul>\n<li>Tourism contributes significantly to the local economy, accounting for approximately 30% of the <a href=\"https:\/\/en.wikipedia.org\/wiki\/Gross_domestic_product\">GDP<\/a>.<\/li>\n<li>Investing in the travel industry, including hotels, resorts, and car rentals, promises substantial returns.<\/li>\n<li>The year-round tourist season ensures a steady income for businesses in this sector.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<ol start=\"4\">\n<li>Commercial Real Estate:<\/li>\n<\/ol>\n<ul>\n<li>Purchasing retail spaces, restaurants, or bars in the Canaries is a lucrative venture due to high demand for rentals.<\/li>\n<li>Long-term investments in constructing commercial real estate respond to the increasing need for retail space, especially in key tourist areas.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>The Canary Islands not only captivate tourists with their natural beauty but also offer a diverse range of investment opportunities. Whether it&#8217;s real estate, the travel industry, or commercial ventures, the archipelago&#8217;s unique blend of favorable conditions makes it an attractive destination for savvy investors seeking both financial returns and a slice of paradise.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With over 12 million tourists flocking to the Canary Islands annually, the archipelago has become a hotspot for both vacationers and investors. Beyond the picturesque landscapes and favorable climate, the Canaries present a myriad of investment opportunities, ranging from real estate to the thriving travel industry. &nbsp; WEATHER AND LIFESTYLE: \u00a0The Canaries&#8217; mild climate, constant&#8230;<\/p>\n","protected":false},"author":1,"featured_media":17148,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[185,257,337,258,3,4,277,184,200],"tags":[347,191,267,353,352,241,285,190,274,346,342,350,349,193,223,288,192,351,348,329,345],"_links":{"self":[{"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/posts\/17144"}],"collection":[{"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/comments?post=17144"}],"version-history":[{"count":1,"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/posts\/17144\/revisions"}],"predecessor-version":[{"id":17146,"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/posts\/17144\/revisions\/17146"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/media\/17148"}],"wp:attachment":[{"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/media?parent=17144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/categories?post=17144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/viking-realestate.com\/en\/wp-json\/wp\/v2\/tags?post=17144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}