Canary Islands Real Estate ... 
Before you begin working with an agency in Canary Islands, check that their fees are acceptable and that they are a member of the Canary Islands Real-estate Assocation. In most rental agreements in Canary Islands most agencies charge a month’s rent for a twelve-month rental agreement.
Canary Islands     Italiano     Canary Islands Immobilien

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Canary Islands Real Estate Calculator

Finding a Home In Canary Islands
If you plan to rent or buy a property in Canary Islands, finding your property will be a major step in your relocation to Canary Islands. If you have not lived in Canary Islands, you should rent rather than buy your property in Canary Islands, at least for six months. If you would like to rent or buy a real-estate property in Canary Islands you may email us at webmaster@spain-travel-guide.de with your real-estate questions.

It is the best way to know not only if Canary Islands is the place you want to live or retire for the next few years, but also if Canary Islands is suited for you.

Apartments & Houses in Canary Islands
If you are planning on living in Canary Islands, it is likely that you will be living in an apartment/condo versus a house.

Please make sure that modern equipments, such as electricity and water should function to the maximum. Please double-check and make sure electrical outlets are located in every room and functioning.

Make sure you turn on the water and make sure that hot and cold water is functioning and flush the toilet, turn on the shower. Don’t count on real-estate agents in Canary Islands to point out the negatives of a place they’re trying to rent or sell you.

Canary Islands Agencies
Real-estate agencies in Canary Islands advertise in local Canary Islands newspapers and as well on their office windows.

You should be able to notice a real estate agency in Canary Islands by the window full of ads for the different apartments or houses they have available for rent or sell in Canary Islands.

Before you begin working with an agency in Canary Islands, check that their fees are acceptable and that they are a member of the Canary Islands Real-estate Assocation. In most rental agreements in Canary Islands most agencies charge a month’s rent for a twelve-month rental agreement.

When selling a property in Canary Islands, real-estate agents in Canary Islands usually charge between 2.5% and 3% of the final sales price.
Monthly rent Canary Islands:
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Expected annual inflation rate in Canary Islands:  %
Purchase price of property in Canary Islands:
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Canary Islands Mortgage's annual interest rate:  %
Discount points on purchase of home in Canary Islands:  %
Origination fees:  %
Other loan costs in Canary Islands:
Mortgage Insurance (PMI):  %
Canary Islands Homeowner's insurance rate:  %
Monthly association dues in Canary Islands:
Average monthly maintenance of Canary Islands property:
Canary Islands Annual property tax:
Canary Islands plus government income tax rate:  %
Interest rate you expect to earn on savings in Canary Islands:  %
Expected percentage your Canary Islands home will appreciate by each year:  %
Number of years you will stay in Canary Islands:#
Canary Islands Realtor commission rate:  %
Total estimated cost of renting a property in Canary Islands:
Total estimated cost of buying a property in Canary Islands:
After coming to an agreement on a rental or purchase, both parties in Canary Islands sign the contract. However, it is not a legal agreement until the appropriate seals of the city of Canary Islands with a tax stamp has been purchased and affixed to ther agreement. You have to make sure before finalising the lease or purchase that the official seal of Canary Islands will be affixed to the agreement.

Renting
Real estate agencies in Canary Islands are the safest way if you want to rent or buy a property in Canary Islands. Please make sure they are a licensed agent in Canary Islands and very familiar with the Canary Islands property market.

Local newspapers in Canary Islands also advertise apartments and houses for rent, but word of mouth is the best way in Canary Islands. If you are currently an academic in Canary Islands, you could check local at local universities in Canary Islands, where apartments or rooms for rent are commonly posted.

In general rental rates in Canary Islands, increase by a small percentage each year in accordance with the government’s annual cost of living reports in Canary Islands. You can find yearly leases in Canary Islands, and more short-term housing is available near academic institutes or around tourism areas within Canary Islands.

Short-term tourist housing in Canary Islands is fully furnished and most of the time fully equipped. If you have the budget, you could rent a serviced apartment in Canary Islands.

If you want to buy a property in Canary Islands, I would highly suggest you to have the property checked out by yourself and hire a lawyer in Canary Islands to check how much debts the property has currently registered and if those numbers matched with the seller of the property in Canary Islands.

If you are buying a brand new property, you’ll need to pay property tax in Canary Islands. If your purchase is a luxury property, you may have to pay local taxes in Canary Islands and possible stamp duty.

Even as a non-resident homeowner in Canary Islands, you may become liable for all kind of taxes in Canary Islands, including income tax.

Canary Islands Mortgages
If you plan to take a mortgage in Canary Islands you need at least a 20% downpayment of the purchase price of the property with local banks in Canary Islands. Even if you generate rental-income from renting your Canary Islands property out, it is not considered by most banks in Canary Islands as you may decide to move in, at a later time.

The Canary Islands Real Estate calculator will help you to compare the costs of renting a house or condo in Canary Islands to the costs of buying a house or condo in Canary Islands. Since there are all kinds of forces at work behind the scenes such as the current interest in Canary Islands, Canary Islands property taxes, tax savings, appreciation in general to investments in Canary Islands, comparing the cost of renting to the cost of buying in Canary Islands is a lot more complicated than just comparing the monthly mortgage payment to the monthly rent payment.

The Canary Islands Calculator attempts to forecast the net effects of all the hidden forces so you can make an informed decision before buying or renting a property in Canary Islands.

Help Buttons: For pop-up explanations of any of the entry fields, click the radio button next to the description.

NOTE: Be sure to enter "0" (zero) in any entry boxes that don't apply to you. Also be sure that only numbers and decimal points are entered into the fields.

Property Types in Canary Islands

  • Canary Islands Multi-Family
    Traditional, multi-family residential complexes located in Canary Islands and suburban markets of Canary Islands.


  • Canary Islands Mixed-Use
    Properties in Canary Islands that integrate and combine residential with different uses, including retail and office spaces.

  • Canary Islands Office
    Traditional office or office type properties in Canary Islands.


  • Canary Islands Retail
    Properties in Canary Islands with a mix of tenants that meet the convenience needs of neighborhood residents, including video stores, grocery, and financial services companies within Canary Islands.


  • Canary Islands Light Industrial
    Single- or multi-tenanted spaces in Canary Islands used for warehouse, manufacturing, distribution, or research and development in Canary Islands.

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