Morro Jable and Jandía
Ideal for those looking for sea, tourism, international clients and properties close to the beach. Very interesting for holiday rentals and second homes.
Canary Inmobiliaria · Fuerteventura
Are you planning to buy a property in Fuerteventura or in the Canary Islands? In this guide, you will find the key information about areas, taxes, NIE, documents, costs, investment, holiday rentals and renovations.
A guide created for international buyers who want to purchase property in Fuerteventura in a safe and clear way.
Fuerteventura is one of the most interesting islands in the Canary Islands for those looking for a second home by the sea, a real estate investment, a holiday rental property or a new life in a mild climate all year round.
The island offers unique beaches, international tourism, a real estate market highly requested by foreign buyers and several areas suitable both for daily living and for tourism investment.
Use this page as your main guide. Each section takes you to the most important topics for buying property in Fuerteventura.
Yes. Foreigners can buy property in Spain and therefore also in the Canary Islands. The process takes place before a notary and the property is registered in the Land Registry.
To buy a property, it is normally necessary to have a NIE, which is the foreigner identification number. It is also important to correctly prepare personal, banking and tax documentation.
Taxes and expenses
In addition to the price of the property, you need to consider taxes, notary fees, registry costs, possible mortgage expenses, advice and other costs related to the purchase.
For a second-hand property in the Canary Islands, the ITP is normally considered, which is the property transfer tax.
For new properties purchased from a developer, IGIC normally applies in the Canary Islands, together with other expected costs.
Notary, registry, administration, possible legal advice, bank and related expenses should be calculated before making an offer.
Before buying, it is important to know the total cost, not only the property price.
Best areas
Choosing the right area is one of the most important decisions. Each location has different characteristics for living, investing or renting as a holiday home.
Ideal for those looking for sea, tourism, international clients and properties close to the beach. Very interesting for holiday rentals and second homes.
A well-known area among German and foreign buyers, interesting for holidays, investment and tourist apartments.
An international, dynamic and highly requested location. Suitable for those looking for movement, tourism and an active real estate market.
A central area, convenient for the airport, families and short stays. Interesting for those who want a practical location.
Many clients prefer to stay in Fuerteventura for a few days before choosing where to buy. You can do this through Tropic Booking, our platform dedicated to tourist apartments.
Live or invest
Buying to live and buying as an investment are two different decisions. Those buying to live should evaluate comfort, services, tranquillity, parking, community and proximity to the sea.
Those buying as an investment should instead analyse the location, tourist demand, VV licence, management costs, condition of the property and the possibility of increasing its value with a renovation.
Holiday Rental
A well-chosen property can become an interesting holiday rental, but it is essential to analyse location, licence, furniture, guest management, cleaning and booking channels.
Profitability depends on the area, property quality, views, distance from the beach, season, services, reviews and professional management.
Before buying a property intended for tourist rental, it is important to verify whether the property is suitable, whether the community allows it and which management strategy is the most convenient.
Renovation
Buying a property to renovate can be a good opportunity if the purchase price is correct and the renovation work is evaluated before the purchase.
With a well-planned renovation, you can increase the value of the property, improve the quality of the spaces and make it more attractive for sale, rental or personal use.
Through Fuerte Reforma we can help you understand the potential of a property, the necessary works and the possible final result.
Buying process
The buying process should be clear from the beginning. These are the main steps to follow.
1
Define your real budget and purchase goal
2
Choose the area and type of property
3
Visit the selected properties
4
Check the Nota Simple and documents
5
Verify debts, community fees and urban situation
6
Make an offer and negotiate the price
7
Sign the arras contract
8
Prepare NIE, bank account and funds
9
Sign before the notary
10
Register the property and manage utilities, taxes and community
Attention
Buying property abroad can be simple if the process is followed correctly. The most common mistakes happen when people buy too quickly, without checking documents, costs and the real situation of the property.
Alternative investment
For some investors, in addition to the Canary Islands, it can also be interesting to evaluate emerging tourist markets. Through Cabo Casas, we follow real estate opportunities in Boa Vista, Cape Verde, for those who want to diversify their investment in another Atlantic destination.
Discover real estate opportunities in Boa Vista and in the Cape Verde tourist market.
Further reading
This page is the main guide. Below you will find specific articles to explore each topic in more detail.
Taxes, notary, registry and real expenses.
NIE, bank, arras, notary and registry.
Comparison between south, north and main areas.
Profitability, management, location and property quality.
When it makes sense and which mistakes to avoid.
What to check before buying.
Documents, bank and financing.
Why it is essential before buying.
FAQ
Yes. Foreigners can buy property in Spain and therefore also in Fuerteventura. It is normally necessary to have a NIE and to prepare the documentation correctly.
It depends on the type of property. For resale properties, ITP is normally considered. For new builds in the Canary Islands, IGIC applies instead of mainland VAT, together with other costs such as notary and registry.
It can be worthwhile if the property is located in a demanded area, has good characteristics, sustainable costs and rental or value growth potential. It is important to analyse each property before buying.
Not automatically. Before buying, you need to verify regulations, VV licence, community rules, property characteristics and operational management.
Yes. We can help you with the search, negotiation, checks, notarial signing and, through our projects and partners, also with renovation and property management/promotion.
Canary Inmobiliaria supports you throughout the entire process: property search, visits, negotiation, document checks, notary, renovation and investment strategy.