Canary Islands: a unique European archipelago

Canary Islands - a brief overview

The Canary Islands are a picturesque archipelago located near the African coast of the Atlantic and belonging to Spain. They are part of the European Union, but they are quite different from mainland Europe. The islands are unique in both their climatic conditions and geographical location. Their flora and fauna are extraordinarily diverse.

Why are the Canary Islands popular among Russian investors and tourists?

Although the Canary Islands are attractive in terms of real estate investment, Russian buyers buy here not only real estate, but also time for vacation. Year-round resorts with a constantly warm ocean and stable weather combine perfectly with the European lifestyle and friendliness of the local population.

Popular islands of the archipelago

Tenerife

Tenerife is the largest island in the archipelago and is the most interesting for real estate purchases. This place attracts many investors who can buy properties priced from 120,000 to 180,000 euros for apartments ranging from 60 to 80 square meters. However, prices for villas on the front line can exceed 1 million euros, depending on the prestige of the location and the finishing quality.

Gran Canaria

Gran Canaria is the third largest island after Tenerife and Fuerteventura and is very popular with Europeans. Gran Canaria is the third largest island after Tenerife and Fuerteventura and is very popular with Europeans.

Lanzarote and Fuerteventura

The islands of Lanzarote and Fuerteventura will attract people who dream of a peaceful vacation on deserted beaches, away from the hustle and bustle of the city. On Lanzarote, the Playa Blanca resort predominates in the southern part of the island. On Fuerteventura, two popular places for purchasing real estate with the best beaches are located in the north of the country - Caleta de Fuste and Corralejo. Prices here start from 90,000 euros for apartments.

Rising real estate prices in the Canary Islands

Official data shows that the growth of average property prices across all the Canary Islands in recent years has not exceeded 6%. The Canary Islands attract many tourists with various investment goals, but primarily, it is a place to enjoy relaxation and the beauty of nature.

Madeira: Key Features and Investment Opportunities

Madeira is an archipelago consisting of the islands of Madeira and Porto Santo, surrounded by uninhabited islands of Desertas and Selvagens. It enjoys a mild climate year-round, making it attractive to investors from around the world. The Atlantic waters are rich in fish, which draws multimillionaires for marlin fishing. The presence of two airports ensures convenient communication with the mainland.

Golf and real estate

The eternal summer of Madeira, with an average temperature of +21ºC, attracts golfers year-round. The famous 27-hole golf course designed by Robert Trent Jones Jr. is just one of the appealing spots. Palheiro Estate, featuring the Casa Velha do Palheiro hotel, the Cabell Robinson golf course, and Palheiro Village, offers an attractive opportunity for investors. Properties here are available from €320,000 for apartments to €1.7 million for villas. Various residential complexes provide a wide range of housing options.

Investment opportunities

Madeira Property Finder offers investment opportunities at Edificio Centromar in Funchal. The project includes 60 apartments of various layouts and an exclusive penthouse. Prices range from 120,000 to 780,000 euros. This archipelago offers a variety of opportunities for real estate investment along the Atlantic coast.

Investment opportunities in Cape Verde

Edificio Centromar occupies a privileged beachfront location overlooking the yacht harbor, surrounded by stores, cafes and restaurants.

At the Paradise Beach Resort, designed by the great architects of Page Rutter Cahalane (PRC), you will find a variety of accommodations: two-bedroom apartments, two-level penthouses with three bedrooms, and villas with stunning views of the pristine beaches. Future owners here will be able to enjoy a four-star hotel, a conference center, numerous bars and restaurants, as well as 8 swimming pools. Absolute Estates offers apartments for €120,000, penthouses for €199,000, and beachfront houses for €299,000.

Investment opportunities on the islands of Boa Vista and Santiago

The islands of Boavista and Santiago offer great investment opportunities. On Santiago Island, Cape Verde Solutions offers apartments in the Vila Jardins Do Oceano complex with ocean views and private pools. Prices start from €252,000 for two-bedroom apartments and from €363,000 for luxury three-bedroom villas.

Residential complexes on Boa Vista Island

To the south of Sal Island lies Boavista, a quieter place where Gem Estates is developing two projects – Creola Sands and Sabi Sands, located on the first line of the coast. At Creola Sands, you can purchase studios, one, two, and three-bedroom apartments with ocean views, with prices starting from €73,500. Sabi Sands offers apartments, townhouses, and villas with panoramic ocean views, with prices for one-bedroom apartments starting at €136,000. Both projects include swimming pools, playgrounds, gyms, bars, shops, and restaurants.

The Azores are the new trend for European tourists.

The Azores are becoming increasingly popular among European tourists looking for new destinations in Portugal. The Azorean archipelago in the Atlantic consists of several islands, such as Faial, Pico, São Miguel, and others. Thanks to EU membership, the infrastructure on the islands is well-developed, and the legal system ensures the safety of real estate transactions. Crime here is minimal, and the locals always warmly welcome guests. The Azores are a great place for year-round vacations, especially from June to September when the beach season is at its best.

Conclusion

The Canary Islands and Madeira are unique destinations for real estate investment and vacationing. Each of the islands has its own advantages, attracting both tourists and potential investors. Undoubtedly, the diversity of climate, richness of nature, and opportunities for quality relaxation make these places special. According to experts, the rise in real estate prices in these archipelagos has significant potential, especially on the islands of Tenerife and Madeira. In today's world, where stable investments and comfortable vacations are key factors, these regions remain attractive and promising for all interested parties.