Fuerteventura, one of the Canary Islands, bordering the Atlantic Ocean, attracts investors from all over the world with its azure beaches, lush dunes and charming towns.
In recent years, land investment in Fuerteventura has become particularly attractive, which is not surprising, since the island has rich potential for tourism and construction.
Pros of investing in land in Fuerteventura:
- High demand for real estate: Tourism is the main driving force of the island’s economy, and demand for housing, both from holidaymakers and permanent residents, is constantly growing.
- Steady price growth: Land prices in Fuerteventura have shown a steady increase over recent years, making investment in this asset attractive for those who want to preserve and increase their savings.
- Variety of options: Investors can choose from a wide range of land plots located in different areas of the island, from busy resort areas to quiet rural areas.
- Well-developed infrastructure: Fuerteventura has a well-developed infrastructure, including roads, electricity, water supply and internet.
- Favorable climate: The island has a subtropical climate with hot summers and mild winters, making it an attractive place to live and relax all year round.
- Preferential taxation: Real estate in the Canary Islands is not subject to inheritance tax, which makes it attractive for long-term investment.
However, there are also disadvantages. Now let’s look at them:
- High competition: Due to the island’s popularity among investors, competition for land can be high, especially in the most sought-after locations.
- Bureaucratic procedures: The process of purchasing and registering land in Fuerteventura can be complex and lengthy, requiring knowledge of local legislation and working with experienced lawyers.
- The need for large investments: An investment project in Fuerteventura usually requires a significant amount of capital investment, which may not be available to all investors.
- Seasonality: The tourist season in Fuerteventura lasts from May to October; during the rest of the year, demand for real estate may be lower.
- Environmental restrictions: The development of certain types of construction in Fuerteventura may be limited due to environmental considerations.
It is important to carefully weigh the pros and cons of investing in land in Fuerteventura before making a decision. It is necessary to conduct a detailed market analysis, study the legislation and enlist the support of experienced specialists in order to make an informed choice and minimize risks.
Brief comparison with Tenerife
Demand:
Fuerteventura: Popular for beach holidays and water sports. Demand for land is seasonal, with a peak in the summer months.
Tenerife: Known as an island with a more varied landscape and a year-round tourist season. Demand for land is more stable.
Prices:
Fuerteventura: On average, land prices are lower than in Tenerife, but can be comparable in popular tourist areas.
Tenerife: Land prices are higher, but the growth potential is higher, especially in the northern and western regions.
Remember that investing in real estate, like any type of investment, involves risks. Don’t get emotional and carefully consider all your options before investing.
