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Canary Islands Property

Readings to help you start your search for property in the Canary Islands:

The Canary Islands are a group of islands in the Atlantic Ocean west of Morocco and the Western Sahara. The largest islands are Tenerife and Gran Canaria, which each belong to separate provinces with their own capital, Santa Cruz de Tenerife and Las Palmas de Gran Canaria.

With our real estate office Casaconsult we focus on the province of Las Palmas, which includes the islands of Gran Canaria, Lanzarote and Fuerteventura.

Buying property in the Canary Islands is very popular with Britons, Irish, Germans, mainland Spaniards, but also Belgians and Dutch find their way to these islands. We have lost our hearts to the island of Lanzarote, but the other islands also have assets including a subtropical climate with spring-like temperatures all year round. According to a study by Syracuse University, the capital Las Palmas in Gran Canaria has the best climate in the world.

With our website, we try to make it easier for you to buy your house or flat in the Canary Islands.

When you have found your ideal property in the Canary Islands, there are many things to consider. You have to take the following into account:

  • As a Belgian or Dutch national, you must apply for an NIE (Número de Identificación de Extranjero). You should keep this document very carefully, because you will use it for every important transaction.
  • You are required to open a Spanish bank account.
  • Debts such as basura (rubbish collection), utilities, mortgages, etc. rest on a property, not on a person. So, as a buyer, you need to be well advised to make sure that you are buying debt free or that these debts will be deducted from the sale price.
  • Paying the right taxes to the tax authorities is also important, of course. For example, when selling a property, the seller is obliged to pay the municipal capital gains tax, but if the seller is a non-resident, this obligation ultimately reverts to you as the buyer.
  • Think about the conversion and domiciliation of your utilities.

TIP: In the Canary Islands, seek the assistance of a lawyer as the notary does not have the same function as in Belgium or in the Netherlands. The Spanish notary will not investigate the correctness of the information provided.

We can guide you through these different steps and refer you to independents.