Fuerteventura &Gran Canaria &Lanzarote &Tenerife 02 Jul 2007 04:55 am
Property for Sale Online
Nowadays, one of the fastest and easiest ways to find property is to go online. Freedom4sale deals with property for sale in the Canary Islands, Lanzarote, Tenerife, Fuerteventura and Gran Canaria, in particular. It’s a free magazine and website that works with some of the best English-speaking estate agents on the archipelago.
Online you can search through a wide range of properties throughout mainland Spain and the Canary Islands. You can also search properties via a certain estate agent.
Other online feature include; a property Forum – where you can discuss property issues with other website members; information on investment property; a newsletter; property articles; local information; property statistics; and mortgage & finance information.
Featured Article – Buy-To-Let Investments
A recent article by Lee Grandin of Landlord Mortgages, comments that in the UK, “People looking to make a success of buy-to-let will have to be in it for the long term, with rental yield the bottom line and the possibility of capital appreciation an extra something special”.
Buy-to-let has been a popular and successful investment option (both in the UK and Spain) over the past few years. Basically it involve buying a property and renting it out as soon as possible, letting the rent cover the cost of your mortgage.
Nowadays however, new developments can be saturated with buy-to-let investors, and when the properties do eventually come on the market (at the same time) they often drive the rental yields down.
What buy-to-let investors need to determine before they take “the plunge” is how much rental income can this property is likely to guarantee and for what period of time.
Handy tips
Nowadays, research is the only way to try and ascertain whether a buy to let investment in a particular area will succeed. It’s absolutely essential for any buy-to-let investor to keep a keen eye on the locations that they are interested in.
If you’re investing abroad it might be impractical to go and live there just to get to know the place. You can however go online and access a wealth of information from most community websites about your chosen location.
Asking the seller for information about the property and surrounding area is often pointless, as they’ll invariably point out the good points and conveniently forget the bad.
The same goes for letting agents. Don’t pay to much attention to promises of high rental yields. Try and speak to the tenants and find out how much people generally pay in that area.
Freedom4sale Online Account
If you’re considering buying a property anywhere on Tenerife, Fuerteventura, Lanzarote or Gran Canaria or want information about upcoming markets, you should set up your own freedom property account.
With this you can keep track of the properties you are most interested in, stay updated with the latest properties coming on to the market and much more.