A Guide to Buying Property in the Canary Islands
The Canary Islands are located of the north African coast cpmprising of seven main islands: Gran Canaria, Tenerife, Lanzarote, Fuerteventura, LaGomera, La Palma El Hierro. The Islands have always been extremely popular with holiday makers, so it makes sense that it has now become popular with overseas property buyers, many of which were previous holiday makers buying their summer getaway or retirement home.
There is a great range of property for sale in the Canary Islands and often less expensive its equivalent in Spain.
The Canary Islands Property Buying Process
Overseas buyers wishing to purchase need to obatin a "fiscal number" known as NIE from the state. Once obtained, your solicitor can make an offer for a property on your behalf. A deposit of 10% is the generally agreed amount to secure the deal.
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