Mashup of example properties.
Mashup of example properties.
INVEST IN HIGH-RETUN
HOLIDAY HOMES
in the Canary Islands, Spain
WHY HOLIDAY HOMES
Holiday homes in the vacation rental industry generate one of the highest rates of return in the real estate market. Platforms like Airbnb have revolutionized the industry, enabling very high returns, specially in tourism destinations. In summary, the reasons are that:
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professionally managed holiday homes generate cash-on-cash returns of 12% to 22% (20% to 38% ROI).
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since 2008, 90% of the increase of new tourist stays in the Canary Islands are attributed to holiday homes, not traditional accommodations.
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although 2020 was tough, surprisingly, upper segment rentals achieved revenue levels barely below 2019's.
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2021 was the year of recover and the Canaries enjoyed a steady influx compared to most other tourism destinations in and out of Europe
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the islands enjoy a healthy seasonal and long-term rental market that is the perfect alternative if ever needed.
WHY THE CANARY ISLANDS
Buying holiday homes for vacation rentals in the Canary Islands combines high returns, lower costs, and low risk. This combination makes it a top real estate investment destination, and one of the best inside the EU. Other reasons why are:
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a year-round tourism industry gnerates a constant demand for holiday accommodation
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foreigners own around 1/3 of all residential properties in the Canary Islands (according to local official statistics)
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property purchase taxes in the Canary Islands are 6.5%, compared to 10% in mainland Spain.
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as an EU citizen, you only pay 19% taxes on the rental's net income.
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in general, services in the Canary Islands are taxed at 7%, compared to 21% in mainland Spain.
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the real estate market is fully recovered from 2008's crisis, and while the pandemic drove prices down an average of 10%, the current global economic recession has barely slowed down the recovery
WHY US
TRUST ACCURATE DATA, NOT JUST WORDS
We go a step beyond the competition and analyze data from the local industry to identify the gems in the market, and generate realistic return scenarios to help you make the right decision. Request a 15 minute demo.
TRUST EXPERIENCE, NOT JUST KNOWLEDGE
We have bought and rented properties in different countries to realize the potential of vacation homes in the Canary Islands. We are also locals who have worked in tourism and property management since the 80s. And we make use of our local network of trusted contacts to find you the best deals and support.
TRUST RESULTS, NOT JUST PROMISES
At the moment we manage four properties that are reaching a monthly average cash-on-cash return of 15% (+20 ROI). Also, we have done +10 scouting assignments for real estate investors that will increase our Airbnb management services to 14 properties.
TEAM
Canary Home Invest's team is experienced in real estate and vacation rentals. The team is located in Helsinki and Gran Canaria. We make use of real estate and vacation rental technology to identify high-return properties, and a local network of experienced partners to provide a profitable and trouble-free experience.
VICTORIANO BENÍTEZ
FOUNDER
Fuerteventura, Spain
FITO BENÍTEZ
REAL ESTATE
Gran Canaria / Remote
CRISTINA GALVÁN
PROPERTY MANAGEMENT
Gran Canaria, Spain
SERVICES
Canary Home Invest provides all services below. Make sure to click on each individual service to access all the details. If there is a service you need that is not below, please contact us to check if we can help.
Assessing opportunities requires financial calculations based on local knowledge. We personally guide you through the numbers for a proper evaluation.
Finding property candidates in the market is easier with local insights. We present you with five options based on on your preferences, including ROI projections.
With a real estate lawyer, we assist you in the negotiation of the property's price/terms. Then, we assist you with the purchasing process, parties involved and schedule.
Designing an improvement project that increases the value of the property requires insights, knowing local contractors, and time to coordinate and do quality control.
If you keep your property closed or rent it while not there, maintenance will keep your property problem-free. Our services cover cleaning, maintenance, and security.
The property's monthly costs can mount up without properly evaluating all service providers. We find you the best option according to your needs.
Through our local network of trusted partners, we can provide access and active assistance to legal and tax experts.
Vacation rentals generate the highest extra income. We take care of all online and property tasks, and you get access to real-time reports.
Long-term rental are a safe option in times of uncertainty. We take care of all aspects of finding a tenant, and providing assistance during the rental.
ARTICLES
Insightful articles on real estate market and vacation rental industry in the Canary Islands from our team of experts.
CONTACT US
Use the form for any questions, or call us at +34 666 254 681 / +358 46 888 9519. If you prefer to email directly, please use
info (a) canaryhomeinvest.com.