Real Estate on Fuerteventura – Is It Timely?

Real Estate on Fuerteventura – Is It Timely?
Real Estate on Fuerteventura – Is It Timely?

Fuerteventura is the second largest island of the Canary Islands of Spain. It is an extremely popular destination for thousands of tourists from all over the world, and the season lasts for the whole year. The island can boast white sand beaches, clean warm water, beautiful cliffs around beaches. The weather is warm all year round because the island is a situation in 100 km of the north coast of Africa. So it is always warm there, and the typical trait of the weather is constant winds.

Lots of tourists come to Fuerteventura to spend their vacations on the beach, lay in the sun, and enjoy bathing in the blue waters around the island. However, water sports are also very popular and developed there. The most popular are windsurfing and surfing. So one can come here to rest, or to have some active entertainment. On Fuerteventura, everybody can find an activity to their own taste.

Considering all the above said, it is obvious that Fuerteventura is a demanded tourist destination. Canary islands are in general famous for their beauty, mild climate and high quality of service for tourists, and Fuerteventura, as the second biggest island, attracts even more people because it has more entertainments like clubs and bars, which smaller islands may lack. So, many potential investors are curious whether it makes sense to buy some property on Fuerteventura. Not for a living, of course, but for making money.

In general, it is always a good decision to purchase Fuerteventura property. Every popular tourist destination potentially promises decent profits to owners of real estate. One can open a hostel, a hotel, a restaurant, or active sports equipment rental service. However, if you consider buying a house on Fuerteventura, make sure you take into account several important issues.

Firstly, if you plan to make profits from real estate you are to buy on Fuerteventura, you have to get legal allowances for that and indicate in the documents that you are buying property exactly to earn money. You cannot buy a house for private use and then open a restaurant there.

Secondly, despite the fact that the island is the second biggest among the Canary group of islands, it is still pretty small, and at the same time very popular. So there is no high chance you will find lots of real estate options for buying.

Thirdly, the real estate on Fuerteventura will cost huge money. This is totally understandable, because this same property will, in its own turn, also bring some huge money to the next owner. Just make sure you are not shocked by the prices.

Fourthly, you will most likely to forced to bid with other potential buyers even if you find a good piece of property to buy on Fuerteventura. All real estate owners and entrepreneurs pay taxes to the government, and the government is interested in selling property only to those who can pay the highest price. That only makes sense.

And lastly, if you decide to buy land on the island and build your own building, you may not be allowed to build it in your own style. To keep the attractiveness and beauty of the island, local authorities watch all buildings to correspond to the general architecture of the city.

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