Canary Islands More Popular Than Balearics

Property hunters in Spain choose the Canary as opposed to the Balearics due to lower prices and a year-round mild climate.
A survey of Spanish property agents has revealed the Canary Islands, situated 60 miles off the coast of Morocco are more popular with those looking for property in Spain than the Balearics, in the Mediterranean Sea. The Canary Islands (comprising of Tenerife, Fuerteventura, Lanzarote, Gran Canaria, La Gomera, El Hierro and La Palma) may be a better option for a lot of people because of the fact that that average property prices were substantially lower on the Canary Islands compared to the Balearics, €207,000 and €451,000 respectively at the end of 2007.Tenerife, received 46 per cent of all enquiries, and appeals to northern Europeans during summer and winter months due to its mild, sunny, year-round climate. And saw an increase in property prices of around 7.5 per cent.
In second place, commanding just over a quarter (25.6%) of enquires was Fuerteventura, the second largest and closest island to the African mainland. Receiving just over 4.6 million passengers in 2007, Fuerteventura is a quieter island however with Ryanair now starting to fly direct from most UK regional airports, owning a second property here remains affordable and increasingly more accessible.
The Balearics although closer to the UK and Ireland does not benefit from the potential of a 52 week summer climate and tourist season. This makes the Canaries a far better prospect for those wanting to permanently move abroad or investors looking for an extended season in which to rent their property.