Why I would not invest in Real Estate in the Canary Islands 

Life is not only about making lots of money on everything you buy. Investing in quality of life, general safety and enjoying outdoors all year round has no equal!! Anyway, all the best!

Honestly, not offended but you are wrong in many aspects. Puerto Rico is one of the cheapest tourist places in GC, also houses are dedicated to tourism there, no one really lives there. Finally, the McDonald's that is closed its because they made a new one in the new mall upper in the same street.

For the love of god, you were there in a pandemic!

I was there last September 2022. It is booming lots of tourists. Especially in Puerto Rico

We bought in Tenerife 22 years ago. Yes we dipped, but rising reasonably fast now. My son in law owns 3 properties and lets one out on long term rent and another for holiday let. He makes a good living. We have a fabulous life style. The country has a solid agricultural base and local wines are terrific. Farmers market keeps us going together with buying other locally produced foods. Fewer tourists is good. So are fewer of the rubbish business that served them. There is a wonderful strong cultural base of music and dance, archaeology and history. We have a superb university and strong research in alternative technology. You do not understand this place at all. There are lots of Canarian traditional properties, if thats what you want. Our small communidad is superbly built and at 20+ years old is just like new.. You need to get about more on these islands. There is a thriving population of YOUNG professional people from all over Europe too. There is surfing and windsurfing world events here and thriving tennis and football clubs. You really have got the wrong idea. Retireds have left in droves, mainly because of non entitlement to health services and the 90 restriction.

You are right in many things. Economy is not great in Spain, many business have closed, but at least i can go to the supermarket and go back home alive. I can also send my kids to school and not send my DNA to identify their corpses.

Hey. There are an another mc Donald’s little further up the street! So your comment are not objective! And since it’s COVID now, there are just a few tourist here now. The normal occupancy is in winter around 93-97%! And this is another fact you are telling in your report! In the area you are average is more like 3000 euro sqm.

With all respects; To analyse the Spanish market based in a week in a tacky dated area in Gran Canaria is very poor. Research a little more virgin beaches and luxury areas where terraced houses are sold to really wealthy Asian investors for £1m plus. Yes, taxes are high for the super rich but, in comparison with Europe, they are actually low. As a Londoner with property in Tenerife I couldn’t disagree more.

The big point you're missing is how good the weather is in Gran Canaria. Still 20 degrees celsius plus average in December and January. Doesn't even get too hot in the summer.

In retrospect it's not very wise to draw any conclusions based on the pandemic. Yes, places were closed and beaches empty, but most of us knew it was very likely a temporary thing. Most that make an investment do it long term. So yeah, I don't get what the point was pointing out how empty things were etc. The Canary Islands are paradise. Perfect weather all year around and a wonder quality of life if you can afford a place there. That's what I am aiming for.

We had here in europe a thing called “corona” thats way everthing is closed and no turists mate! You should also say that!

The world is closed because c 19 hit every country. Doesn't matter where you go it's all dying. I have been to the Canary Islands and it's a busy place. With wants happening around the world the Canary Islands is a safe place with no one going to war.

I wouldn't trust the opinion of someone who is only visiting the islands. All European countries economies were devastated by the pandemic. The Canary islands were hit hard and honestly I was expecting a property price crash. This still hasn't happened. If your looking for capital gains then maybe not the best place in the world but for lifestyle choice and better standard of living with some of the best weather in the world it's not a bad choice. I personally live in and prefer Tenerife which offers everything from forest and mountain hikes to the beach goers. Cost of living is sooooo low. I went from paying £150 a month in council tax in the uk to 300 euros per year council tax.

As a Canarian myself I totally agree. But I wonder where the heck are my monthly EU paychecks? Excellent analysis though, based on a week stay ina touristy area, McDonalds and your overall laziness and lack of knowledge, together with afew drops of snobery and racism. I hope many of my countrypeople watch this video so they can understand what foreigners really think of us and what is the very nature of the tourist industry. Once we have covered the islands with concrete and asfalt so the scum of Europe can have cheap holidays, we have exhausted water and our natural resources and artifitially increased the price of real estate to the point that our citizens can't have access to a decent flat, now it turns out that foreigners don't like it. Brilliant.

I don't doubt your intention and sincerity but I'm afraid you just haven't done your homework. Spanish food & drink exports (not just high street brands) have grown >80% since 2008 and it is now the fifth largest food exporter in Europe. Spain is a world leader in alternative energy technology and production, particularly photovoltaic and eolic. Spain boasts the world's third-largest number of UNESCO World Heritage Sites. I could go on, but you get my drift... a little more homework, please. During your short visit you were absolutely correct to highlight that GC it is not a luxury destination. It never has been and likely never will be. It wasn never designed to be and in all honesty, Puerto Rico in the South could never lay claim to targeting a luxury market. It is a cheap, middle-class escape-to-the-winter-sun resort where rows and rows of ugly box houses are, or rather were prior to COVID lockdown and travel restrictions (exactly when you visited), consistently busy from November to March with Norhtern European visitors. I actually laughed out loud when you compared the ugly architecture of Puerto Rico to "historical buildings in the centre of Budapest". Would you compare Benidorm with Le Maraise in Paris, or Magaluf with Prague? I do hope not. Did you take the time to visit properties which you might actually compare, in Vegueta or Triana, the historic areas of Las Palmas, for example? While Las Palmas may "have nothing, really, to offer" you, others see it as a small but cosmopolitan city, within the EU, with the best voted city beach in Europe and with one of the best climates in the world. And then there's the surfing on the North coast, the world class windsurfing on the East coast, ... Just one comment, if you will allow me, on your rather annoying and ill-informd observations and conclusions on the nastiest of all food chains. Not that I would consider it a useful measure of any cultural enclave, but, as other have pointed out, the "closed" McDonalds you seemed keen to focus on is the old one... a big new one has opened just up the road... sadly! But again, poor research can only reach poor conclusions. That said, your conclusions, somehow, and despite the focus and content of your research, that the nasty, tiring and ugly tourist resorts of the south will not appeal to anyone seeking capital gains are spot on. They are overpriced Norhtern European ghettos where I see far more downside risk to valuations than investment opportunities. Further, your overall conclusion that the Spanish economoy is hurting right now, and the Canarian economy more than most other provinces, is also, sadly, very accurate. That's what happens when you are just far too focused on one source of foreign income... tourism. To rely on the fickle whims of low-cost airlines has again been proven a great folly. Perhaps for those "travellers" looking to own porperty on the island, and to whom I presume your vlog was intended and directed, the interior offers an amazing array of old, rustic, charming doer-uppers, either in villages or more remote locations. Given that by your own admission you spent most days hiking, why didn't you focus this wonderful vlog opportunity on the parts of the island you actually did explore and enjoy. I caveat my opinion as being wholly biased, of course, living as we do in the magnificent interior of this truly stunning island. Maybe we can look forward to another, and perhaps more useful, fair and representative report on buying property on Gran Canaria if you return to hike here again. You would be most welcome and I guarantee that in one week you hardly scratched the surface of the hiking and climbing opportunities here. It truly is an awe inspiring corner of our planet to call home.

This video didn't age well. Canaries are booming

Very informative, thanks 👍🏼

Where’s this bloke from? How’s his home country? I’m from the uk my wife is canarian and we live in Sydney. We are going to invest in the Island and hope others do the same to help them kick start the economy.

Stopped watching when you started criticising the marina for luxury occupancy, as being full of 'below average' boats. Irrelevant and pathetically snobby comment. I'm not a fan of most spots in the Canary islands for other reasons, but criticising the lack of luxury yachts? Really? Can't get off this content fast enough!

I just discovered your channel and this video brings back memories of my visits to Gran Canaria in 1994 when I would rent a condo in Puerto Rico while on leave from the U.N. Peacekeeping Troops in the Western Sahara. The buildings were new and filled with lots of tourists, like a Spanish Hawaii. If you like architecture, I would suggest Lanzarote which is more rural and has several significant sites. I'm going to watch a few of your videos as I'm thinking of moving out of the U.S. I now wonder what happened to Tony & Shiela, a British expat couple who woned Hot Fishing in that shopping center. Thanks.

Very clear and easy to understand

Great analysis as usual. Keep up the awesome work!

Great video, thanks a lot!

Spain and southern Europe in general is quite poor for real estate. I'd say for EU countries the central European countries are doing best especially Poland and Czech they are restoring their historical positions again in Europe and if the politics there levels out great potential in the major urban cities

Wow i love you content am broke but after watching i feel like i got alot of knowledge...thanks sir.....

Good job, thank you. Greetings from Czech Republic.

Excellent video. I live in Gran Canaria and all what you have said is true! Thanks for this video.

Good info thx. McDonald is not a value for me. Actually the fact that it’ closed is good for everybody’s health. The architecture is horrible but that results from greed and a lot of corrupted politicians which can be found everywhere….

It's not like that in Valencia (Spain too but continental), here, things are opened, a lot of people in restaurants, bars. I'm french, i live in Valencia since 2011, and i did invest in real estate for a living, that's my income since i'm here. Thanks for the video, i wouldn't like to invest in real estate in Canarias, lack of activity.

Just wondering, arent you a bit too harsh on the Canaries? There have to be nicer spots, for example Teneriffa

Have you had any analysis done in Açores or Madeira? Same situation for the most part? Interested in Agriculture there but seems that the real estate falls into the same trap. Thanks

Thanks for your opinion about investing in the Canary. In that case where would you buy to live in Europe? No job needed. Thanks!

9 months later - after covid-19 - you're hard up trying to find a hotel room for 2 weeks at a reasonable price. Flights are 10x what they were 2 months ago. Petter Olsen has done pretty well for himself, with the ferry connections between the islands, and mainland. He also bought about 1/6th of the island of La Gomera, built a well established hotel with a great golf course, several restaurants & a bus route from Tenerife. That's just one example. You really are displaying your ignorance by showing that you really don't know what you're talking about. Which isn't too bad - you aren't really needed here. Get a coupla appartments on Manhattan.

Because you’re filming DURING the pandemic. Jeez! You might be interested to know that Gran Canaria was the first tourist destinations to surpass pre pandemic tourist numbers. The summer (2022) has close to 100% occupancy. Puerto Rico is not one of the better resorts. In fact, it’s one of the least expensive towns. Most Millennials still live with their parents, where are they investing?

Is Ethiopia worth investing in? They have a large population.

Man, you came there on pandemic. The Canaries are usually flooded from all over Europe, especially in winter. Planes are packed and many Europeans buying flats there. Canaries may not look super luxurious, but Europeans have different mentality - they prefer simplier things!

Panda Security, Inditex, SEAT and Desigual are some of the spanish big companys you maybe have heard of .

yes i did..good luck and stay safe

Believe it or not, nowadays Spain gives more money to EU than EU to Spain.

Hey your analysis is onesided - its like to compare living on Mars with living on Earth - two worlds... People who buying real estate on Canaries - consider different things - like weather, location in the middle of nowhere - now war in Europe - so when its moves closer to EU borders it will be a verry good investment...

what country that realise on tourism isnt on its arse at the moment ?

I do like a brutal honest opinion and if people don’t get it….Oh well! I totally do get what he’s saying and if I were to move to Spain it won’t be to invest…it’ll be for the sunshine 🌞

Very well presented . Good for retire . Thanks .

after April, we are in low season.... Come back in October in high season....

I was thinking of buying a house in Fuerteventura and work remote some months of the year. Ultimate goal is to retire there some day so this video is really useful.

would never buy in puerto rico or mogan ,why did you not look at the playa del ingles and maspolomas golf area would have love the opinion about that place?

Very one sided view point. There are two sides to the islands, one is brutalist, tourism focused with low end buyers, the other is extremely high end, focused around the historial parts of the island with fabulous history, nature and food rolle into one, such as north Tenerife. The areas I refer two as high end, properties fetch for millions. The same way the islands have varied mirco climates, is the same way the property market is set out. I would sooner buy in north Tenerife than southern France.

Good video. I'd be very interested in your opinion on Maspalomas and Meloneras in 2023.

Keep em coming man. Informative and to the point, as always. What's your next stop? By the way, I appreciate that you do a city walk/tour and show the area. A lot of travel-investor content creators just shoot from their hotel rooms and I'm like.... I need to see what you're talking about dude!!

I like your video

Are you working or dealing with Canadians? I am really intersted ! Thanks

Great analysis, Spot on. One word for this.... Corruption.

Hello, Sorry about what L’m going to say but you are wrong on some aspects. For sure, Gran Canary is not the place to be to spend money for tourists but there are many places to visit and enjoy. The period you go was not representative I guess… Canarian Islands are very rich on many subjects… each island has specificities to discover. On my side, I bought an appartment in Lanzarote to rent and my booking agenda is almost full (85% rate occupation during the year). Maybe there is island better for investment, maybe Gran Canaria has suffered more than other islands, but I do not regret my real estate purchase. Thanx for your videos, always interesting.

Hi. You know those little yellow birds, look a little like a budgerigar...they are called Can air ..reeez. As are our fabulous and much loved islands. And most people do not buy as investment but more for retirement.

This is all during the pandemic. Very different now

I think you went at the wrong time, been there this summer it was packed with people/tourists everything open lots of stuff to do.

Hello Ladislas, could you do an update after the pandemic? Also some people here have mentioned that the charming places with better architectural value are supposed to be in the island center. I would really appreciate. P.S. Arent the rental yields of an Airbnb amazing, with low prices and occupacy all the year around?

Don't Canary Islands have some kind of special low taxes unlike the rest of Spain?

You are so right, it's very depressing, I won't buy a property there. I live in Fl. That looks very sad, even the cars look very old, the buildings are very ugly, sorry I don't see any progress. Thank you for sharing.

It’s a bit of a contradiction. You can’t wait to get away from the bad weather so you go to the canaries .. Tenrife is booking for next year .. booked out for this year .. flights are hard to book now - apartments get 500 a week .. not sure why grand Canaria has not taken advantage of the boom next door

(Income) taxes in western europe are wayyyy higher than on the canary islands. Wayyy higher.

If you looking for a nearby tropical climate in Europe in the European winter time, as EU - where do you go? Of course the Canary Islands. You are soooo way off with this video. Of course you can travel to Egypt, to Turkey or any other country outside the EU. But, why? For me it´s not a real choice. Sorry, I agree to disagree, so that´s it. Nuff said!

Hi . I live in valencia and it s a total different story. You should come and meet here.

I’ll give you one good reason you should invest in Iberia and it’s islands , location,location,location.

2 years ago people were just coming out of the Pandemic, more like 75 - 80% occupancy rate now.

doing research in a week after a pandemic?

We bought for kids holidays. We plan to spend at least 1m a year.

Why did you say : I completely understand why Belgian people would move to Gran Canaria'?

Actually i think the place are getting better when there is not to much wealth there with super rich People i like the vibe more People are more down to earth

I like that you do your research before going to places and give an objective evaluation.

what about belgium ? why would belgians want to leave belgium so obviously ?

You’re not wrong, not a lot of success stories coming out of Spain, save for Zara, Real Madrid, and Barcelona FC.

Real Estate in grand caneria has gone up in price it a good place to buy property

Hi everybody remember the content creator is differentiating between living there and investing there . He is the “ wondering investor “ so a place may be good to live in but not the best to invest in. I don’t think he is trying to put locations down but evaluate them from a business / profit point of view .

Cheaper than paying for natural gas during winter.

Isn't it during pandemic?

Lots of stuff left out of this analysis. For starters even though Canaries may have been open other Countries had their border closed so this means inhabitants were not allowed out of their Country depending on each Countries rules during the pandemic. Teneriefe Lanzarote, Gran Canaria open 365 and possible rental income for that period unlike other places even Florida has a winter so no income for let property during this time. Re the architecture no one only the Spanish can build into cliffs and they do it so well maxinising views, space and location. Many of us Europeans adore the Canaries, the light, the sun, the beaches and the simplicity of it. Many invest for many reasons. I agree that there is a two tier house price structure but apart from that you do a high handed analysis and based on that I get why you dont get the Canaries but i dont think they get you. Also your comment regarding the Spainish and what they have achieved is utter rubbish.

Be nice if you could pronounce the name of the islands correctly.

Thank you for your personal evaluation of real estate investment in the Canary Islands. I happen to be from Gran Canaria, living in the US for nearly 45 years, and what I noticed is that the number of foreigners that have moved from Europe (England, Germany, Italy, France, etc.), has become significant over time, that is, whereas before they came for a couple of weeks, now they want to own a piece of the Island, and the result is overly inflated property prices totally related to the local salaries and purchasing power. This artificial price jacking (or unwanted social engineering) is why we really don't want (or need) foreigners to move to the Islands), so your "evaluation" is timely, and I fully support it, I would even suggest that you please take your money and go somewhere else - we do not welcome fiscal and financial exploitation.

Funny enough he mentioned that beaches are stuck in the past, but not hiking... just because he likes hiking more...

Looks sad, it definitely peaked once; no flowers, shops closed, a mere figment of what it was. McDonalds closed too, that’s too bad.

if someone considers Zara a success then differs in values of what true success means

La casa de papel ;) Success projekt

Thank you for your honest and informative point of view.

This was a 15 minute roast of the Canaries, but truthful.

Perhaps some of your date is correct, but I dont think the video is honest, we were there a month ago and it was busy all the time.

Good morning boss....long time no hear....thank you for bringing us those informative info....please go back to the motherland AFRICA....GRACIAS BOSS....

Hi Ladislas, do you think Ukraine is much better for investing and living if you are making some money ?

I live in Gran Canaria, and you are rigth about what you say inthis video.

Even the football teams are in big big trouble , Barcelona is over 1,2 Billion Euros in debt so yeah Spain is definitely not the promise land

A success story coming out of Spain? Zara, Bershka, Desigual... 30% occupancy? You were there right after the pandemic and in the lowest season... OMG - seriously, research a bit before putting videos out there. The Canaries are not a luxury destination but a popular place for medium income travelers. And if you go to a place built in the 80s, it'll be 80s architecture. How about you go to newer areas. And if you go to the old center of the old towns you will get old architecture. How ridiculous are your comparisons? Going to an 80s complex and comparing it to modern Dubai or ancient Budapest. I mean really, this video makes no sense. Painful to watch.

Hi! Please do your homework and research topics before you make videos like that! What you are saying is a very superficial reflection, without any analysis, it is very amateurish. Hope to see more professional analysis in the coming videos. Thank you!

You walked pass my home there

I’m surprised Italians are the top foreign buyers, I would have thought it would be Germans or Brits. I wonder what the appeal is for them.

6:00 - You summarized my feeling. It peaked long ago and not in an attractive way. No architectural value.

I am from Gran Canaria. Everything is correct. Don't invest in Real Estate in there.

I disagree with you. A leaving McD is a great signal for a come back to an original lifestyle. I went to Canaries in march 2020. It was like everywhere in EU, the politicians had decided to let their countries die. I would not invest anywhere in Europe as this continent goes 3rd world and it is wanted. Have you paid your CO2 tax already? Then stop breathing!

After leaving my comment I scrolled down to other comments.Really didn't make yourself a favour.Did you?

You went to one of the cheapest parts of Gran Canaria and showed the oldest parts of the island. It is clear you want to avoid that people go to the mains european turositic destination, cause you want to sell houses who knows where....dont cheat people man!!!

Volcano 🌋