Apartments in the Canary Islands, Spain
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If you are looking for affordable apartments for sale in Spain, then it is worth considering the Canary Islands. Apartment units on these islands are fairly cheap and the islands offer the best weather in the country and excellent family beaches. No seasonality means that you can enjoy warm weather with plenty of sunny days almost all year round. In addition, the cost of living in the Canary Islands is considerably lower than for instance in the UK. That is why they are a great destination for expats and retired people.
The Canary Islands were also awarded as one of the safest destinations for summer 2021 according to the European Best Destinations website. Here not only can you find popular tourist resorts, but also plenty of secluded villages where you can enjoy peace and quiet along with breathtaking sceneries.
Apartments for sale in the Canary Islands
The islands are one of the most popular destinations among foreign property hunters and expats from many countries, as Tenerife and Grand Canaria, the most visited islands, offer cheaper living and housing costs. The local real estate market offers a wide choice of various property options, including apartments of all types and sizes. From studio units to spacious penthouses or from off-plan options to ready-to-move-in and pre-owned apartments, here you will find everything you are looking for whether you are buying a second home or investing in a buy-to-let option.
When it comes to location, the most expensive options are sold in Costa Adeje, Guia de Isora and Adeje. The cheapest apartments in the Canary Islands are located in Nuevo Horizonte, Betancuria and Guaza. The cities that offer the most apartments for sale include Costa Adeje, Adeje and Los Cristianos.
Apartment prices in the Canary Islands
While apartments in most of the popular European resorts are quite pricey options, the Canary Islands are much friendlier in this term and offer a great choice of affordable flats for sale. Here you can buy a cozy studio unit for €50,000. The minimum price of a one-bedroom apartment starts from €73,000. An option with two bedrooms can be purchased at €80,000. A slightly more spacious option with three bedrooms and an area of 84 square metres costs €87,000 while a non-furnished four-bedroom apartment with two bathrooms and living space of 245 square metres in a distance from the sea can be bought at €129,000.
Apartments for investment in the Canary Islands
If you are looking for an affordable property in Spain to invest in, the Canary Island is the perfect choice. These islands are extremely popular with expats and holidaymakers, therefore the demand for property rentals is always high. This ensures property investors considerably high rental yields.
Another reason to consider the Canary Islands for investing in apartments is their affordable prices and opportunity to enhance the quality of your life by spending your holidays on these islands or moving there and enjoying the sun and seas all year round.
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