Buying Property in the Gran Canaria for Investment - The Facts
Buying off-plan property for sale in Spain and the Canary Islands with the clear intention of selling prior to completion is a great investment opportunity, which has huge potential for return on your capital invested. However, as you know, no investment comes without associated risk, which is why INTEREALTY, Spain's Premier Real Estate Agency in the Canary Islands offers an investment group, who are fully qualified and prepared to offer you the best properties available for your money.
The Risk:
Your property / contract is not sold, meaning that you will have to take title of the property in  the Gran Canaria. The Balance of the Property, can be mortgaged, although there are other costa involved, like purchase taxes, lawyer's and notary fees etc. on completion of your contract.
The moral of the Story:
Do not take title deeds of the property in you are not in the finanical position to hold onto the property if it is not sold on straight away.
 Always choose your agent carefully, for example, Is your agent still going to be around when you want to sell your property / contract on"? at INTEREALTY we will! Instead of talking about our customer service like most other agents, ours is prooven by being the 1st of very few estate agents in Spain to be awarded the the ISO: 9001 award for quality by lloyds of London.
If you are buying property for sale in the Canary Islands for investment and turnover, ensure that you buy your unit at the start of the promotion of the development at the starting price at first release. why?
Reason: You can choose the property that you want at the best possible price - meaning that you can maximise your profit from the sale of the property.
Purchasing property for sale in Gran Canaria is a partnership between you and your agent, you benefit from the knowledge that your agent has and they benefit from the potential to make 2 sales on the same property provided that they are committed for the long term. For this reason, at INTEREALTY we value our customers and their trust, and treat all our customers with the utmost respect and care, we are in for the Long-term!
What are the financial benefits?
As a general rule, with the right property for sale in the Gran Canaria, you should see, conservatively, a 15 to 20 % total capital growth, making a potential 50% return on capital invested! In general, you should only investing about 30% of the original purchase price of the property.
Example: Capital cost 200,000; deposit 60,000; growth 15%
2 00,000 x 15% = 30,000;
Deposit 60,000 + return 30,000 = +50% and total initial investment returned
Original investment 60,000 + 30,000 = total return to investor once sold 90,000
In the scenario above, you also need to discuss with your agent selling fees, tax liability, etc. If you would like to speak to one of our in-house FREE financial services agents, simply call INTEREALTY on 0800 328 36 25 or fill out the form below and our Gran Canaria team can guide you through the entire process.
The Timescales
How long should I expect to have my money tied up for?
Your money will usually be tied up for a minimum of 18 months to 2 years, however, this is dependant on the build programme of the developer of your property (your agent has no control over this).
If you would like some more specific details about a development for sale in Gran Canaria or would like to see what property for sale in Gran Canaria is great for investment, you can contact INTEREALTY NOW on FREEPHONE 0800 328 36 25.
Please note:
Like all investment prospects, do not do it if you cannot afford to have the money tied up for up to 2 years. There is never a free lunch, despite what people would have you believe.
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