01 February 08

Features, Property

PROPERTY

view the gallery

	CALIFORNIA GOLF RESORT, GOLF DEL SUR, TENERIFE Price: from €290,000 Details: a stylish mix of two- and threebedroom apartments and penthouses, set in a 16,000m2 site, with a three-level cascading pool. The properties are located 200m from the sea. Contact: CLC Estates, www.clcestates.com
MAGNOLIA GOLF RESORT, LA CALETA, TENERIFE Price: from €389,760 Details: a complex of 120 two- and three-bedroom apartments, with garage spaces, storage rooms, a spa, gymnasium, swimming pool and sauna. The properties are located close to the La Caleta Natural Protected Area and the Costa Adeje golf course. Contact: Horizon Property Group, www.horizonpropertygroup.com
	SANTA CLARA DUNAS SUITES & VILLAS RESORT, FUERTEVENTURA Price: from €186,000 Details: a five-star hotel and luxury resort situated within the nature reserve surrounding the dunes of Corralejo, the complex consists of five-storey buildings and bungalows set around a luxury hotel. Contact: Ocean Properties, www.oceanproperties.ie
CALETON BLANCO, PUERTO DEL CARMEN, LANZAROTE Price: from €205,000 Details: frontline gated complex of 38 apartments with two communal pools, landscaped gardens and large terraces and balconies. Contact: AquariusProperties, www.aquariusproperties.com
	SUNSET GOLF VILLAS II, TENERIFE Price: from €655,000 Details: 28 linked two- and three-bedroom villas, each with their own private garden and either a private pool or use of a large communal one. Located above the 27-hole Adeje golf course. Contact: Horizon Property Group, www.horizonpropertygroup.com

Canary Islands: where’s hot & where’s not
Holiday-Rentals.co.uk reports that the Canary Islands are consistently in demand as year-round destinations, and attracted 18% more inquiries per property per month than the site average. The most popular island resort was Playa de las Americas in Tenerife. Similar site HolidayLettings.co.uk found that the most popular months for travel to the Canaries are December, October then August. After Tenerife, Lanzarote and Fuerteventura were most popular.

Investing in land
The general rules are the earlier you get in the market and the higher up the property chain you are, the more money you will make. So the first point of entry is investing in land, and at a meeting of the 14 biggest property companies in Spain and the Canaries, the leaders lobbied for more land to be made available a lot quicker for development or the price of housing would rise. Over the last five years, land prices have risen faster than property prices, for instance around Las Palmas de Gran Canaria, the price of apartments grew by 25% while land prices rose by up to 200%.