Archive for the ‘Selling & Buying’ Category

First Lanzarote raffle got stopped

Tuesday, May 12th, 2009

House raffles are still new in spain and if you speak to three different lawyers all will tell you a different truth about the spanish laws regarding house raffles.

Canariasdata.com developed a website for a german couple who wanted to raffle their property on Lanzarote and after two weeks of online presence, the police caught up and stopped the whole raffle. By spanish law, the gaming tax of 20% of the raffle value has to be paid before starting and this was what U.F. and his wife missed to do.

They where told to stop the raffle he would have to pay 200.000 Euro or even loose his house

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A new way of “selling” properties….

Thursday, February 19th, 2009

Online property raffles become more popular these days.
If you haven’t yet come across one, the idea is very simple. A private individual wanting to sell their propery set up a raffle web site where anyone can buy a ticket for say 99 Euro

While it is illegal in most european counties, it is still possible in Spain and the canary islands and our company (canariasdata.com) has been contracted already two times the last week to build web sites for online property raffles for two of our clients, one traditional real estate agency discovering the new marked and a private individual wanting to sell his own property on Lanzarote.

Involved in this work, we discovered that it is not so easy to get this kind of business running the legal way and that a lot of money must be in the sellers background for advertising his raffle on the TV and radio stations, local and nation wide Newspapers and magazines as for a 500.000

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Buying property on Canary Island

Friday, February 13th, 2009

The Canary Islands are a very attractive place to buy property. The weather is great and the lifestyle is better than most places in Europe! For those wanting to invert in real estate, however, the road can be troublesome at Best.

To help you along a bit we provide you with some advice for buying property in Canary Islands.

1. Choosing the right location

You know the famous saying about the three most important things when it comes to buying a property – location, location and location! Yes, we all know it but it’s extraordinary how many foreigners buying in the canary Islands miss this fundamental point.

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