casa Quest (www.casaquest.com) displays thousands of properties for sale in the Canary Islands and deals with some of the most reputable estate agents on the archipelago.
By clicking on your chosen island, you can search through a vast array of properties with descriptions, locations, photos and prices.
You can then build up your own portfolio of preferred properties and decide which ones you really want to see before contacting the agent representing the property. This saves time for both you and the agent.
The site also provides local information about the Canary Islands, property and investment related articles, links to legal advice and information about mortgages and finance.
The Canary Islands
Also known as the “Happy Islands”, the Canary Islands are famous for their perfect year round climate, spectacular landscapes, excellent beaches and amazing nightlife. They’re located beneath Spain, about 97 kilometers off the northwest coast of Africa.
The islands cover 7,242 square kilometers and have 1,007 kilometers of coastline. Seven are inhabited.
The Spanish Property Market
A recent article from www.tenerifecapitalbusiness.info (3 July 2007), points out that Spanish property market is in good shape and hints at which of the two archipelagos is the best value for money.
Despite the recent market slump, it appears that the Spanish market is looking a lot healthier than most had expected.
In Malaga province for example, property prices have not fallen as expected but in fact have risen by over 1.5% from €310,000 to €315,000. Similarly, in Seville prices increased by €20,000 in the last month, from €160,000 in June 07 to €180,000 in July 07.
In Alicante province average property prices have remained stable at around €250,000, the same as they were in May 2007. All in all, national average property prices in Spain remain static at €250,000.
According to the latest Kyero.com Spanish House Price Index, property for sale in the Canary Islands is significantly cheaper than Balearic Islands.
On the Balearic Islands of Mallorca and Menorca the average property price is €402,000, whereas on the Canary Islands of Tenerife, Fuerteventura and Gran Canaria the average property price is just €230,333. Add this to year round sunshine and the possibility to rent at “tourist prices” all throughout the year and it seems obvious which one is the investor’s choice.
The website
Casa Quest is basically an information site. It’s not there to sell properties. It was set up back in 2003 by Dr Paul Johnson, a retired British medical practitioner, in collaboration with Sorted Sites, (http://www.sortedsites.com). Its aim is simple – to make buying and selling property on the Canary Islands easier.