Canary Islands property in possible cruise boost

Wednesday, April 29th, 2009
The arrival of a large new luxury liner in the Canary Islands has been announced, something that may help bolster tourism there and thus boost the property market.

Royal Caribbean International’s Independence of the Seas, which can carry over 4,000 passengers, will be undertaking year-round sailings from 2010, the firm has revealed, with tours planned around the Mediterranean and the Canary Islands.

Such a development may interest Canary Islands property seekers, particularly if it helps grow tourism in the area.

In an article regarding the island this week, the Daily Mirror said Gran Canaria offers wild landscapes with a variety of ecosystems that those staying around a pool for two weeks would miss out on.

Property investors buying in the Canary Islands may wish to invest in areas of Gran Canaria close to the countryside, such as the mountains once inhabited by the native Guanches people.

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Canary Islands property backdrop hailed for variety

Friday, April 24th, 2009
The variety of attractions on the Canary Island of Tenerife is one of the key elements in its appeal, it has been stated, something which may interest Canary Islands property seekers.

In a feature on the island, the Derbyshire Evening Telegraph commented that the Puerto De La Cruz was a particularly notable location, as it is home to a casino, the Loro Parque zoo and stands at the foot of Spain’s highest peak, Mount Teide.

It also noted that Tenerife is the home of Siam Park, which is "the most spectacular water park in Europe".

Those keen on investing in Canary Islands property may consider such a variety of features a good reason to buy on Tenerife.

Siam Park is to celebrate the Thai New Year in a promotion run jointly with Thailand’s tourist authority, it has been noted.

Food, dance and cultural activities will all feature in the Thai Songkran commemorations over this weekend, Tenerifenews.com reports.

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New flights may boost Canary Islands property buyers

Wednesday, April 8th, 2009
A new air service to the Canary Islands has been announced by budget carrier Jet2.com.

The low-cost airline has announced the commencement of a new route from Belfast to Tenerife, which will start from October 30th and fly every Friday.

Prices start at £68.99 and boss of the firm Philip Meeson said he was sure this will be a popular service.

He stated: "It is a beautiful island, which is hugely popular with holidaymakers from the UK and we expect a huge influx of travellers on our flights."

A large number of extra visitors to Tenerife could boost the Canary Islands property scene.

Canary Islands property buyers may benefit from a new resolution in the European parliament aimed at ensuring Spain changes its planning laws to prevent excessive coastal urbanisation.

MEPs voted to suspend aid to the country unless it acted to protect those who might be buying in such areas, which could include the Canary Islands.

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New flights boost for Canary Islands property seekers

Tuesday, March 24th, 2009
There will be more flights to Tenerife from Manchester from this summer, it has been announced.

Low-cost airline easyJet has revealed that it has brought forward plans to expand its services from the airport to May 21st, having originally been pencilled in for August.

Tenerife will see more flights as a result, which may boost those seeking to invest in Canary Islands property.

UK commercial manager Carla Brear said: "Customers in the north-west can now take advantage of even more of easyJet’s famously low fares to the summer hotspots across Europe."

The airline stated that its fares will start at £22.99.

Earlier this month travel writer for the Times Peter Stothard suggested that people may enjoy visiting the San Blas area on the southern tip of the island.

Noting that this lies away from the beaten tourist track, he described the area as one full of "mysterious twisted ravines, volcanic shafts and caves".

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Carnival fun for Canary Islands property seekers

Thursday, February 26th, 2009
The Masopalomas Carnival is a feature of the Gran Canaria calendar and will take place in early March.

Visitors to the island - including those keen to buy Canary Islands property - will be able to enjoy days of festivities in fancy dress and a large party.

Features of the event include the naming of the drag queen and the fishy experience of the ‘rescue of the sardine’. Sadly, the fish invariably dies and the burial of the sardine marks the end of the festival.

The prospect of fun and food at the event may help attract visitors to the island, something that could enhance the prospects for those purchasing Canary Islands property for buy-to-let purposes.

Earlier this week Monarch Airlines delivered a possible boost to the islands by announcing a sale of cut-price fares to all its destinations, which include Lanzarote and Tenerife.

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Canary Islands property prices fall

Friday, February 13th, 2009
Canary Islands property values dropped in January, new figures have revealed.

Data compiled by Spanish surveyors Tinsa has shown that Canary Islands property prices fell by 8.2 per cent last month, the Telegraph reports.

The Index of Spanish Real Estate Markets noted that the average price drop across the country for the first month of 2009 was over ten per cent.

In fact, the property firm has predicted that values could slip by another 20 per cent during the rest of the year.

Managing director at Tinsa Luis Leirado warned that house prices could fall by between 1.2 and 1.4 per cent each month.

"(Housing) stock is going to continue to stack up because the number of homes being finished is larger than the number of homes which are successfully sold," he stated.

Recently, tax partner with chartered accountant Campbell Dallas Bruce Wilson advised those considering investing in Canary Islands property to seek good advice and research the area.

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Canary Islands property boost as tourists tipped to keep coming

Thursday, October 9th, 2008
Those keen on investing in Canary Islands property may be interested to hear that travel agents expect people to carry on taking foreign holidays despite the credit crunch.

Speaking at the Association of British Travel Agents travel convention, which was held in Gran Canaria, PricewaterhouseCoopers partner Malcolm Preston said that a recent survey by the firm had shown that less than ten per cent of people were looking to reduce holiday spending as part of their top two ways of saving money, Travel Mole reports.

He stated: "There are many things that will go before that, which backs up our feeling that the industry is pretty resilient."

This may be good news for those buying Canary Islands property who will wish to rent it out to tourists for part or all of the year.

Another piece of good news for the Canary Islands came recently with the news that a food firm based there has won a culinary award.

Queso Arico curado pimenton, a goats’ cheese produced by a co-operative in the islands, won the World Cheese Awards title of the best cheese in the world.

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Traditional destinations ‘to be boosted by airline cut-backs’

Thursday, October 2nd, 2008
The cut-back in the number of low cost airline services may have beneficial effects for the property markets of Spain, France and Portugal, it has been stated.

Such traditional markets have faced more competition in recent times, but the reduction in flights due to the economic situation will mean that more of the concentration of services will focus on established areas, Property Wire reports.

This means that those looking to buy in areas such as the Costa del Sol property market should still have plenty of flights and demand may increase due to the better accessibility of such traditional popular locations.

People looking for Canary Islands property will be among those who benefit from the trend as Monarch Airlines has said it will increase flights there in the Christmas period, reports travel weekly.

However the airline, which is also to increase its flights to mainland Spanish destinations, said it was not planning to replace all the routes flown by failed tour operator XL Airways as some of these are not currently profitable.

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Tenerife in water them park boost

Wednesday, September 24th, 2008
In news that may interest those seeking Canary Islands property, Tenerife has just opened a new attraction that could help boost tourist numbers.

Siam Park is a Thai-themed water park which is the biggest of its kind in Europe.

Rides include the Tower of Power - which sends riders hurtling down a near-vertical drop past a tank full of Mississippi alligators - as well as the Mekong Rapids and the Dragon, all of which could help attract many more families to the island.

Such a situation could boost those looking to rent out holiday properties to visitors.

Earlier this week Tenerife was pinpointed by business website Global edge as being the most popular location in Spain for overseas property buyers on the basis of Google searches.

It found that of the 60,000 searches for people looking to buy in Spain, 13,000 were centred on the island.

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Spanish hotspots outlined

Monday, September 22nd, 2008
Tenerife is the top location for Spain property, according to new research.

A study by independent overseas property business portal Globaledge has revealed the most searched-for property destinations within Spain by internet users and overseas property buyers.

Tenerife topped the list at 15.3 per cent of all searches within the top 20.

It was followed by Mallorca, which gathered 6.9 per cent of the total in July.

Specifically, the Tenerife resort of Los Cristianos made the top 20 on its own, coming in at 13th.

The Canary Islands were more popular in the searches than Costa Blanca property and Costa del Sol property, the website said.

Ashley Rigg, managing director of globaledge.co.uk, remarked: "It proves overseas buyers are increasingly looking beyond the traditional coastal resorts of old."

In related news, Russians are reportedly becoming increasingly interested in Spanish property as the stock market in the former country weakens.

Hadleigh Bolt of Spain’s Bolt Property Group said there has been a rise in the number of Russian nationals inquiring about bespoke properties.

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