No doubt about it, the Canary Islands rank high among Spain’s most visited destinations with 12m visitors per annum. It is not surprising when the climate, considered among the best in the world, is a constant warm ranging from an average 19C in winter to a pleasant 23C in summer.
The Canary Islands are made up of eight islands: Tenerife, the largest in terms of size (2,034 sq km) and population (906,850), Gran Canaria, Lanzarote, Fuertaventura, La Palma, La Gomera, El Hierro and La Graciosa with an overall population of 2.1m. They are located off the coast of northwestern Africa, and part of the autonomous community of Spain.
Getting to the Canary Islands is simple and relatively cost efficient given the number of charter and scheduled flights flying from major UK destinations to Tenerife and Gran Canaria. British Airways this winter launches new routes to Tenerife from Heathrow, to add to its six-weekly flights from Gatwick.
The Canary Islands are the perfect place for any type of person: singles, couples, families.
In terms of property, the market is most active between €200,000 and €300,000.
In Gran Canaria this buys a two- or three-bedroom bungalow in a residential complex, or a highly specified apartment.
On Fuerteventura this buys a detached villa.
On La Palma this would buy a ‘Canarian’ villa for renovation.
Generally, if you are looking for a high quality detached house, three or more bedrooms, on a 1,000m2 plot with pool, expect to pay over €400,000 across any island.
The general Canarian architectural style is of stone buildings but Lanzarote lays claim to a Cubist whitewashed style with green paintwork and
onion-domed chimney pots, thanks to its famous resident architect, Cesar Manrique.
The question is, which island is right for me?
All round action
The largest of the islands, Tenerife seems to have it all: 15 Blue Flag beaches and marinas, two UNESCO World Heritage Sites: Mount Teide National Park which is also an active volcano (last eruption 1909) and the islands’ highest peak, as well as the 15th century San Cristobal de la Laguna, whose colonial buildings are seen as an architectural link between Europe and the Americas. The capital Santa Cruz is a year-round bustle and hosts one of the world’s largest street festivals, second to Rio.
Film sets and botany
Gran Canaria has been been the backdrop for Moby Dick, Fistful of Dollars, Clash of the Titans and Wild Oats among others. 40% is a dedicated UNESCO Biosphere Reserve, and nurtures about 100 plant species that don’t grow anywhere else in the world. Head to the north of the island for the cooler mountainous region, while warm beaches are on the south and east.
Back to nature
For those wanting a less touristy and unspoilt idyll, head to La Gomera, La Palma, and El Hierro.
La Gomera’s national park, Garajonay covers 11% of the island and is a UNESCO World Heritage Site due to its luscious rainforest, the only tertiary ecosystem remaining in Europe. Uniquely La Gomera has a special whistling language, also UNESCO-protected, and is hailed as a stopover point for Columbus en route to the Americas.
La Palma is known locally as La Isla Bonita. The island’s clear skies coupled with 2,267-metre peak has made it home to the Great Canary Telescope which has been hosting scientific observations for nearly a decade. Its crystal clear waters, fine black sand, and volcanic seabed make it a heaven for scuba diving while above ground is a 1000 km network of paths for cycling and hiking. It is also home to theatre, opera, art and culture and has long shipbuilding legacy.
All of El Hierro, the westernmost Canary, is a UNESCO Biosphere Reserve and was the first island to produce 100% of its energy from renewables. It was once home to the smallest hotel on Earth. Accessible only by ferry or small connecting plane from one of the islands, El Hierro is the youngest of the Canaries formed 1m years ago rather than 12-20mya. It is a walkers’ paradise with ancient tracks through lava fields.
For those seeking remote privacy, La Graciosa is the smallest with only 700 residents and all vehicles banned except those used for essential services. It is accessibly by ferry from Lanzarote, only 2km away to the south.
Fuerteventura has among some of the best beaches in Europe, six of them Blue Flag, with turquoise waters and sand dunes. Often referred to as Europe’s Caribbean island, it is excellent for various watersports and diving, and hard-ground activities such as horse-riding, golf, tennis and mountain biking. Keep a watchful eye for Star Wars’ cast, which is being filmed on the island this summer.
The rain in Spain does not fall on Lanzarote:
Since modern records began no rainfall in July has ever been recorded on Lanzarote. It is the Canaries lunar landscape, with black volcanic rock and cones contrasting with white sand and clear water. Its Timanfaya National Park was home to the largest and longest-lasting (six months) volcanic eruption in 1730 but there have been no eruptions since 1824.
Excellent for water sports and cycling thanks to its quiet roads, it also hosts the annual Iron Man endurance test.
Text supplied by Natalia.
With interest rates in Australia at a record historical low, most migrants wish to move quickly in securing their property.
We answer some key questions and explain the process.
Step 1: Can I buy a property in Australia?
Before starting the home buying process however, foreign buyers need to apply to the Foreign Investment Review Board (FIRB) for permission to buy property in Australia. http://firb.gov.au/.
Step 2: Will I qualify for a mortgage?
Arranging mortgage pre-approval is the obvious next step and means you know up front how much you have to spend. The amount you may be able to borrow will largely depend upon the visa you’re on and your credit rating. So make sure you leave the UK knowing your credit rating. There are a number of UK websites which provide you with your latest credit rating, like https://ukcreditratings.com.
Step 3: Are there any hidden costs?
In Australia, home buyers are required to pay Stamp Duty on the purchase price, along with a number of other fees and insurances, so it’s important you factor these in when calculating affordability.
Because the home buying process varies from state to state, you can check out the stamp duty on this website: http://stampduty.calculatorsaustralia.com.au/.
Step 5: Are their limitations on the amount of money I can move from UK to OZ?
There is no limit on the amount of funds you move between countries. However with money laundering being a global problems for governments, we recommend you speak to your currency exchange expert in the UK before you migrant down under. Foremost Currency Group have a specialist Down Under FX team and they can help you open your bank account and move funds to OZ, smoothly, quickly and securely as well as provide better rates than high street banks. www.foremostcurrencygroup.co.uk.
Step 5: Mortgage brokers – should I use one?
Most people now use a mortgage broker when securing a property in Australia, particularly first time round. A mortgage broker can help you secure the best type of mortgage for your budget and lifestyle and minimize the hassles in securing the property of your dreams as well as give you guidance on insurance options.
We recommend its worthwhile securing the services of a local Australian mortgage broker such as http://www.mortgage-express.com.au. They work directly with leading property agents in Australia like Harcourts www.harcourts.com.au.
Tee is a regular speaker at the Down Under Live shows and her seminars cover renting and buying property process in Australia and New Zealand.
1. Ready to move into 3 bedroom house in Magnac Laval, Limousin for €82,500
Close to the town of Magnac Laval is this ready to move into detached house with 1913m2 of gardens.
2. Gorgeous 2 bedroom detached village house in Limousin for €46,200
Situated in a peaceful village, making it ideal for a holiday home or full time living.
3. Unique 3 bedroom house near Dijon, Burgundy for €300,000
Newly renovated to a high standard and in a great location, this detached property is ready to move into right away.
4. Large 5 bedroom detached house with swimming pool in Rohan, Brittany for €300,000
Set at the end of the lane with 6.7 acres of countryside, you won’t be worrying about any neighbours disturbing you.
5. Lovely 2 bedroom cottage in Plourac’h, Brittany for €67,500
With beautiful views of the garden and paddocks, it is no wonder that this detached property is currently a British-owned second home.
6. Beautiful and contemporary 4 bedroom house in Tarbes, Midi-Pyrenees for €296,000
Located 5 minutes south of Tarbes, this house offers comfort and functionality in volumes. With the added bonus of being located at the end of a dead-end street, what is not to love about this detached property?
7. Ensemble of 3 detached properties in Chaleix, Aquitaine for €296,800
Located at the end of a single track, this property occupies a secluded and private position. With the barn and pig sty also converted into living quarters, there is plenty of room for a large family looking to make their move to France.
Wellington is famous for having mountain bike trails from your office door, so take on the challenge after a long day in the office.
Wellington bike trails
Melbourne provides you with unlimited cycle routes across the city and beyond – these are mostly scenic and flat.
Melbourne bike trails
Maybe Brexit did stagnate the overseas property market initially, but 12 months on, and everyone a year older, the desire to own a property abroad either for a holiday or permanent home has not gone away.
This year British Airways, Ryan Air and Easyjet increased the number of flights into fantastic European destinations, giving more choices of places, such as the ones below, to discover to buy your dream home:
Turin – Italy
Pula – Croatia
– Istria (50mins away)
Dubrovnik – Croatia
Girona – Spain
– Barcelona (1h 30m away)
Granada – Spain
Stockholm – Sweden
With it’s stunning golden beaches, wild countryside and heady mix of resorts, it’s the sort of place that people come back to year after year.
Many loyal Gran Canaria visitors decide that just coming on holiday to Gran Canaria isn’t enough. Instead, they opt to buy a property on the island, either as a holiday home, rental investment or a permanent home.
There are almost 4,000 full-time British residents on the island, plus thousands more who spend the winter.
Gran Canaria’s capital city is officially the city with the world’s most pleasant climate but on the island itself it has a reputation for being cloudy.
It’s actually the south of Gran Canaria that gets the best weather.
And it really is spectacular – with blue skies for over 300 days per year and temperatures in the pleasant zone of 24-28ºC almost every day. Rain and strong wind is rare and storms are so infrequent that they make the headlines.
At just four hours flight from Great Britain, and with dozens of flights every day, south Gran Canaria is the closest destination for buyers looking for a year-round place in the sun.
Gran Canaria’s resort areas cater to foreign visitors and offer a full range of leisure and health services to both residents and tourists. The island has over 80 beaches, ranging from resort beaches with a vibrant atmosphere to quiet bays where the seagulls outnumber the sunbathers.
But there’s more to Gran Canaria than the resorts and the beaches. Most of the island remains untouched by tourism and the hill towns and central highlands are pristine and local.
You’re only ever a few minutes away from tranquility even if you’re based in a busy town or resort.
South Gran Canaria property varies from one bedroom apartments on resort complexes with pools, bungalows shaded by native palms trees, all the way up to seafront villas and modern houses right on the golf course.
With this variety comes an excellent range of prices that suit almost all budgets. Quality one-bed apartments in resort areas close to the beach start at £60,000 and you can buy a two bedroom bungalow for around £100,000.
Property prices in Gran Canaria, as with the rest of Spain, fell after the 2008 crisis. However, they are now stable and starting to rise in desireable areas.
Right now, they are at historic levels of value and the future looks bright due to a buoyant tourism market and rising local business confidence. The Canary Islands are a safe destination with European standards of living and security.
And that’s before you even factor in the year-round use of a Gran Canaria property. The island doesn’t have a winter so the island is mild and sunny every month of the year.
There’s no close season for Gran Canaria property owners who want to escape from the British climate and spend a week in the sunshine. In terms of lifestyle return on investment, it doesn’t get much better than that.
With prices at a decade low and tourism booming, south Gran Canaria property is an enticing investment. The cost of owning a Gran Canaria property is reasonable compared to other similar places due to low level of property ownership tax.
Buy the right property in the right area, and you can also earn a rental income all-year-round, and you can buy safe in the knowledge that property rights in the Canary Islands are firmly established and protected.
As with all property purchases abroad, it pays to get quality local advice from a professional estate agency.
In Gran Canaria there is an additional bonus for buyers. All agency commissions are paid by the seller and included in the sale price. This means that foreign buyers get quality service and advice from the best local estate agencies without it adding to their costs.
Article supplied by Cárdenas Real Estate Gran Canaria.
For more information on buying in Gran Canaria or for their property portfolio, please visit http://www.cardenas-grancanaria.com/en
I’ve been with Alpine Property from the beginning. My wife and I left the Police Service in West Yorkshire and headed out to the Alps to follow our dream of living in the mountains. As a youth I had an interest in computing and thankfully kept that up until 2000 when I met the boss of Alpine Property in Morzine. He had just started the business with Claudia Buttet and needed someone to help out with the website and email enquiries. It was very much the case of “right time, right place”.
Since 1999, 12 agents at the moment, covering all the ski areas of the Northern Alps (Haute Savoie) and quite a few of the villages too.
It’s the closest ski areas to Geneva airport. When we started out we had some very good value opportunities when compared to the more famous Chamonix and Megeve. Morzine/Les Gets and Chatel are where the core of the business and in the early 2000’s offered “undiscovered family skiing”, it’s now been well and truly “discovered”! It’s special because our main areas are towns and villages attached to skiing, not purpose built resorts created for skiing. That gives a very different feel.
Our typical sale is a 450,000€ chalet about 10-20min from the skiing. Our buyers range from people looking to spend 100,000€ on a 1 bedroom apartment up to between 1-2m€ on a James Bond style alpine retreat. Our customers are 50% French and 50% Anglophone.
Both and to live in all year around.
It’s been a solid investment over the years, both in providing rental returns and capital appreciation. It’s more than that though. It’s important to remember that many of the purchases are made from the heart, fulfilling a dream. If a customer is focused on rental returns then they might be better off buying a rentable property in the UK, the returns are often higher.
It depends on the property and area; some properties are more rentable in the summer than others. For instance, a well-placed property with bike storage (a garage) in Morzine or Les Gets will rent to mountain bikers all summer. On average you will get 70% of your rental from the winter and 30% in the summer. Returns? 2 to 5%
If you ask one of the many full time residents “if you had to choose to keep one season which would it be?” 9/10 the answer is summer. The summers are beautiful, with quite settled weather and a vast array of activities, such as: walking; hanging out on the lakes (swimming/sailing etc); road or mountain biking; climbing; paragliding; horse riding to name a few.
There are Chalets/Apartments/Chalet d’Alpage (mountain chalets) but also some properties that are closer to houses or villas by the lakes.
We are getting a higher percentage of serious enquiries at the moment. More skewed at under 1m€ than over.
It’s cut back on the speculative/window shopping type of enquiry. It has made some people more determined than ever to put down some roots in Europe too.
Culturally the Haute Savoie should be considered as part of the old “Savoy”; pretty much a country in its own right with strong links to Italy. When compared to the rest of France, the Haute Savoie is an economic powerhouse with low unemployment. Tourism boosted its income significantly but it has a strong manufacturing base too and benefits economically from its Swiss neighbour Geneva.
Come to the Alps if you love the mountains. The more people that fall in love with the mountains, the more will want to have roots in the Alps!
For more information on the Alps or what properties Alpine Property have available, please contact Gareth or visit their website.
Minors need their parent or legal guardian to fill out an application form for them; the parent must either be a Canadian citizen or applying to become one at the same time
Canada has a fast-track system for immigration called Express Entry, it’s how skilled workers transition into a role in the country.
All applicants into Express Entry are given specific scores based on their specific skills and job prospects and then ranked with other applicants. Those at the top of the rankings are invited to become permanent residents.
If you are lucky to own a property already in Canada you maybe able to apply for Canadian citizenship. You can apply through the province of your choice, go down a special entrepreneur route, get help from a family member or spouse who lives in Canada, or go through Quebec, which has special immigration requirements.
Permanent residents are entitled to healthcare coverage and can work, study, and travel anywhere in Canada. You just can’t vote, run for office, or hold some jobs with high security clearance.
If you’re invited to become a permanent resident, you must confirm your plans to stay Canadian. The government defines permanent residence as living in Canada for at least two years in a five-year period. If you don’t spend that much time in Canda, you could lose your permanent residence status.
Permanent residents don’t always become citizens. The bar for citizenship is higher. If you’re living in Canada, you must have been a permanent resident and physically present in Canada for at least 1,460 days (four 365-day periods) in the six years immediately before the date of your application.
You must also be present for 183 days (half a year) during each of the four calendar years that are fully or partially resident within the six years before the application date.
Be aware your time in Canada needs to stay relatively consistent.
Like the residence requirement, you must be able to provide four years’ worth of tax returns in the six-year period leading up to the date of your application.
Not sure if you want to live on the English or French side of Canada? As Canada has two official languages: English and French, to become a citizen, you need to know just one. You don’t need to be fluent, just conversational enough to make small talk, give directions, use basic grammar, and know your vocab well enough to describe yourself.
You’ll send along written documents with your application, but a citizenship officer will determine if your language is acceptable
You should probably brush up on your Canadian history anyway, but the government also issues a formal quiz to applicants on the history, values, institutions, and symbols of Canada.
You take the test if you’re between 16 and 64 years old. Typically, it’s a written test, but the citizenship officer may also ask questions orally.
There are no real surprises, but test yourself today to see how knowledgeable you are: http://citizenshipcounts.ca/quiz
There could be a number of reasons you may be prohibited from becoming a Canadian citizen. For instance, the government looks down upon granting citizenship to people who have committed a crime within four years of submitting their application or are on trial for a crime.
It also specifies that people in prison can’t use their sentence toward becoming a permanent residence. (That doesn’t quite fit with the “intent to reside.”)
Make sure you download our “Essential Guide to Buying and Renting in Canada.”
FNZC started life over 55 years ago as R.A. Jarden & Co in Wellington. Ron Jarden was not only a highly successful stock broker and businessman, but also played for New Zealand’s world champion rugby team, the All Blacks in the early 1950s. The company has grown significantly since then to become NZ’s largest stock broking firm. Being the largest firm allows us to invest heavily in research so as to identify sound investment ideas. Our research team which focuses on NZ investment opportunities includes a NZ economist, eleven analysts and four assistant analysts. In addition, in a global context we have a long standing strategic alliance with Credit Suisse Group.
The three major benefits or advantages we have in the NZ market are:
Yes, we have a number of clients based offshore who are either NZ expats, NZ residents for a part of the year only or those going through the Immigration NZ Investor Category/Parent Retirement Resident Visa process.
Yes, we are finding that our Discretionary Investment Management Service (DIMS) is becoming more and more popular. FNZC is one of a small number of DIMS licence holders which enables us to professionally manage a client’s investment portfolio in accordance with an agreed investment strategies and parameters.
In our team, three FNZC advisers are responsible for a client’s account, providing continuous coverage, constant peer review and complementary skill sets.
Advisers are able to be agile in responding to opportunities or threats.
Clients remain up to date, through online portfolio access and comprehensive quarterly reporting.
We are often toward the backend of the immigration process once a client has moved to NZ, but it doesn’t need to be that late in the process. Having a client account in place with an agreed ‘Investment Proposal’ in advance of the big move is prudent with something as important as wealth management.
Yes, firstly we are getting more offshore interest from immigration clients under the Investor Category Visa. Secondly we are seeing more interest from clients who traditionally have invested only in property. As the property market has climbed to levels which are concerning organisations such as the IMF (International Monetary Fund), investors have begun to look at investment portfolios to spread their risk – “diversification is the only free lunch in investing”.
No not at all. The only difference may be the need for a QROPs service for their UK pensions but investment objectives and levels of risk tolerance are the same on average.
Yes, like the Trump affect in the US, Brexit has acted as a catalyst for those in the UK who may have been considering migration to actually press the green button. The number of enquiries has risen as NZ is viewed as a beautiful, safe, welcoming English speaking country who share a lot in common with the ‘motherland’.
Our team of advisers specialise in immigration portfolios and are the sole point of contact for the firm with Immigration NZ. We have all lived in the UK and worked in financial markets there (in my case for 13-years). We also look after a number of DIMS clients which as mentioned above is a fantastic service which has produced some great outcomes for clients.