A harsh UK winter is predicted a big freeze in on the horizon and for many Britons who are dreaming of escaping to search to purchase their holiday home in the sun.
So where are the best destinations to buy a holiday home?
Overseas property experts, The Spain Property Guide, have uncovered the best value locations for British people to buy a holiday home in Spain. The most popular holiday home destinations in Spain that offer Britons warm and sunny weather during the winter months include Torrevieja in the most economical area of Costa Blanca, as well the Canary Islands that have a rising number of Britons heading for the trendy Spanish island.
The warm winter climate often described as ‘eternal spring’ is a key attraction of this beautiful island. Even in December and January, you’ll experience temperatures of around 25 degrees. The Canaries get over 2,800 hours of sunshine a year- that’s at least 1,400 more than the UK!
For those outside of the EU wishing to stay longer than the permitted 90 days in every 180 days then it's full steam ahead for your dream property.
Longer-term stayers will however be required to apply for Spanish residency and prove their income amongst other requirements of the Spanish non-lucrative visa.
When the investment falls at 500,000 euros or more in a single person name then the golden visa route is all it takes to gain two years (when applying in Spain) of residency, with the opportunity to extend for 5 years and apply for permanent residency and citizenship.
Property prices can be very reasonable, compared to the rest of Spain, the cost of buying property in the Canary Islands is relatively low.
There are plenty of rustic homes and renovation projects in villages for less than €100,000
The main island, Gran Canaria, has one of the highest annual rental yields in Spain, which is ideal for anyone wanting to invest in property to be used as holiday rentals.
Modern new built apartments are trendy and cost more than a small villa in coastal Fuerteventura, these new apartments sell for around €150,000.