Leaner deals will feed the hunger for Canarian property

Maybe it’s best to start off with the tough questions, as the words “credit crunch” scream out at everyone from the media. Where does Canary Island property investment stand on the current shaky World stage? And while we are in a pondering mood, what difference will environmental concerns make to the property market in the Canary Islands?

The two subjects are strongly interwoven, but the short answer is that the Canary Islands are in a good position to cope, provided that sellers recognise that it’s a buyers market out there. Times are changing and people are going to be cautious with their money, but they still want the good life of sun, sea and sand. Some things will never change in the Canary Islands, the wonderful all year round climate, the beaches, the laid back lifestyle, they will all endure no matter how the euro and world finances fluctuate,

The U.K is certainly bracing itself for the worse, but the doom and gloom, and the ever grimmer face of Gordon Brown, are helping to remind people how good life could be with an escape route to the sun. Tourism figures so far this year in the Canary Islands are defying all the cynics, take this recent front page from The Tenerife News, showing a 21% rise in Tenerife tourism this May, over last year.

Fuel price hikes and the need to conserve energy, are focussing peoples minds on just where they should fly to for holidays, or on a regular basis to visit their holiday homes. That’s a big plus for the Canary Islands, they are right on the threshold of guaranteed sun with the least possible air miles, as a compromise to American flights, the Canary Islands are a very warm and welcoming destination. There is a lot to shout about in the Canary Islands, it may be a cold economic climate out there but over here the sun is still shining.