The Cost of Living in the Canary Islands – Including Taxes and Visa Routes for Expats
The archipelago of islands that make up the Canaries has long attracted expats from around the world, looking for beautiful beaches, a relaxed pace of life and friendly communities suited to family living. While the Canaries are an autonomous region of Spain, geographically, the islands are closer to Africa – resulting in a warm climate year-round. Whether you plan to retire to Gran Canaria, take advantage of the low house prices in Lanzarote or settle down in the rustic, peaceful settings of the smaller islands, such as El Hierro and La Gomera, creating a careful budget to ensure you have full control over your relocation and living costs, is key. Chase Buchanan’s Canary Islands team , based in Tenerife, have put this article together to explore some of the primary living costs you should consider, as well as an overview of the tax environment and potential outgoings linked with visas for foreign nationals. Canary Islands Average Living Costs One of the first aspects t