Glex & Co Guide to buy a property in the Canary Islands ​

The Canary Islands are a sought-after destination for property investment, thanks to their pleasant climate, relaxed lifestyle, and growing real estate market. No wonder why our island, Fuerteventura, has been nicknamed “The Beach of the Canary Islands”!

Whether you’re seeking a holiday retreat or a long-term residence, understanding the buying process is essential.

We’d like to extend our thanks to Glex & Co. for their comprehensive guide on purchasing property in the Canary Islands, which highlights critical steps and legal considerations. You can download the guide here: https://www.fuerteventura-realestate.com/NEW-Guide-to-buying-a-property-in-Canary-Islands.pdf

Key Steps to Buying a Property:

1. Research and Choose Wisely: Before making any decisions, understand the local market, neighbourhoods, and property types available.
2. Legal Due Diligence: Ensure the property is free of debts or restrictions. Engaging a local lawyer can help you verify property titles and legal compliance.
3. NIE Number: A Foreigners’ Identification Number (NIE) is necessary for property purchases, tax payments, and utility contracts.
4. Preliminary Contracts and Deposits: Once you find your dream property, sign a preliminary contract (contrato de arras) and make a deposit to secure it.
5. Final Contract (Escritura): The purchase is finalised before a notary, and the property is registered in your name.

Additional Tips:

• Be aware of transaction fees, taxes, and ongoing costs.
• Consider using a local estate agent to ease the process.

By following these steps, you can confidently navigate the property market in the Canary Islands and make your investment with peace of mind.

Ready to explore your options? Carmen Villazán Inmobiliaria is here to help you find the ideal property and guide you through every step of the purchase process.

Thank you again to Glex & Co. for their valuable insights.