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Real Estate in Gran Canaria.

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Real Estate in Gran Canaria. Your Pension Solution?

Greater numbers of people are beginning to regard property ownership as a safer option than a pension when planning for the future. A second home, which was once a rich person’s luxury, is now to being seen as a necessary safety net for middle income baby-boomers as they approach retirement.

Poorly performing pension funds have reduced the value of contributions. However, investment in a suitable property provides rental income; meanwhile, the property itself should increase in value.

Cause for concern is the pensions “black hole”. The increase in life expectancy forces managers to make adjustments, as funds of diminishing relative value have to be spread even further. UK public sector retirement dates are to be extended by 5 years, for instance. You have no control over this sort of arbitrary meddling with your future.

Property ownership gives you full control:

  • You can buy and sell when and where you want.
  • Your investment is real “bricks and mortar”, which you can see and live in.
  • You can increase the value of your property by further investment in structural or decorative improvements, as and when you wish or are financially able.
  • You will invariably find there are tax benefits in such an investment.
  • You will become master of your own financial prospects, and not subject to the whims pension fund managers.

Buying Property in Gran Canaria

Home Office demographic studies show that as baby-boomers reach retirement age (the trend begins officially in 2006) some 25% are forecast to buy real estate abroad. At the moment Gran Canaria is seen as a perfect investment opportunity. North or South, the island offers advantages to appeal to all tastes.

  • Political and social stability.
  • City or rural lifestyles.
  • Dry, warm weather with easy access to the coast.
  • Good cultural and infrastructural amenities.
  • Realistic property prices that are perceived to be below intrinsic value.
  • Good rental demand and yield.
  • Demographic migratory forecasts that would indicate fine prospects for real estate investment.

Home Sweet Home is here to help you whatever your requirements. Our services extend beyond property sales, including all matters concerning developing a serious strategy for your future security.

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