Buying a House Abroad: Fuerteventura

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Fuerteventura is much more relaxed than the more densely populated islands of Gran Canaria and Tenerife. There are lots of new developments springing up, but the island is relatively large so there is quite a lot of unspoilt desert like interior still left untouched.

Further south towards Jandia the beaches just get better and better. The large swathes of sand have been blow across from the Sahara Desert over time. For some authentic Spanish charm, the town of Gran Tarajal feels quite different and unassuming. Not so many foreigners here.

The `old pirate' town and fishing village of El Cotillo in the east is very pleasant. Go easy on the fried baby goat that is on many menues on this island.

It's really handy for the UK with lots and lots of flights (not dirt cheap but often reasonable). Lots of foreigners have settled on the islands, so for a more authentic way of life one may need to stray of the well-beaten tracks. Prices are quite high, but you get year round sunshine and potentially a year-long tourist season if you choose to rent out your new abode / apartment / finca.

Lonely Planet Guide to the Canary Islands

Beautiful images of the Canaries

Ask a Professional

There are investment prospects in the Canary Islands, but it is essential that you seek independent expert professional advice before undertaking any property purchase. There are lots of things to bear in mind, including local laws and regulations, taxes, surveyor's assessments of the building, financial currency exchange, dealing with interbank transfers, volatity of the housing market, etc. etc. In some European countries there are various restrictions on foreigners owning land or property, so this needs to be checked out fully. Any property purchase is a major undertaking.

It may seem obvious but it's well worth going on holiday to a country several times to see if you like it.

Surge in Interest

The interest in purchasing property abroad has increased at an amazing rate in the past five years, fuelled in the UK by a booming domestic housing market making overseas properties seem good value for money. Also, TV programmes like Channel 4's `A Place in the Sun' have made everyone realise that owning a property abroad is no longer just for the rich and famous. People are interested in purchasing a home overseas for a variety of reasons - enjoyment, investment, a new life, retirement, and more.

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