Investment projects in Tenerife.
The influx of tourists to the Canary Islands is increasing every year due to the unstable political situation in the Middle East. Canary Islands with a measured and calm life have become more attractive for European citizens. Where they prefer not only to spend their free time, but also acquire real estate both for permanent residence, and for investments, which brings a stable income of up to 15 percent per annum.The housing market for renting, at present, is experiencing a shortage of premises with the corresponding requirements for living. Basically, these are housing funds built more than 20 years ago and without modern reconstruction. But nevertheless, prices for such housing remain very high.Solving the issue of purchasing real estate as an investment can purchase a plot of land for the construction of a row house. This is a very profitable investment. The construction of a residential house in such a climate as in the Canary Islands is much cheaper. The very process of turn-key construction takes from 9 to 15 months, depending on the volume of construction. The funds spent for construction not only do not exceed the funds spent on the purchase of ready-made secondary housing, but are much lower.
On the island there are many companies that can take on all the organizational and construction work. Their services will not make your project much more expensive, but in many ways will shorten the time for project preparation and construction in general. We will be happy to provide you with information on one of these sites. This site is located in the city of Icod de los Vinos, which is in the north of the island of Tenerife. In the tourist area, with a mild climate.