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Overview
La Palma is the most westerly island of the Canaries and with a population of around 84,300 it’s the fifth largest island. It’s 20 minutes by air from Tenerife and covers an area of 728km2 (281mi2). The capital is Santa Cruz de la Palma, an attractive, unspoilt town which is noted for its colonial architecture. La Palma is the greenest of the islands with the most varied landscape and is renowned for its majestic mountains (reaching 2,426m/7,959ft at Roque de los Muchachos, site of one of Europe’s most important observatories); lush woodlands; terraced hillsides (where crops are grown); beautiful coastline and its huge volcanic crater (one of the world’s largest at 9km/5.5mi in diameter), the Caldera de Taburiente, which is a national park. La Palma was a latecomer to package tourism due to its thriving, self-supporting agricultural industry. The island has a small airport with flights to Tenerife, Gran Canaria, Madrid and some German destinations, but none directly to the UK, although connecting flights are available. Seats are in short supply and early booking is advisable. Ferries run from La Palma to Tenerife (7 hours) and Gran Canaria.
Property on La Palma, La Gomera and El Hierro: The property market on all three islands has grown in recent years, although resale property is in short supply and new construction is limited. Prices have risen and are expected to do so for the immediate future, and are higher on La Palma where prices have risen considerably over the last two years. A two-bedroom apartment costs from €90,000 (€125,000 on La Palma) and a country property with a large plot costs from €250,000.
© Survival Books Limited 2005
“Buying a Home in Spain 2006” 5th Edition, David Hampshire.
Reproduced with the permission of Survival Books Limited.
Further information on this topic can be found in “Buying a Home in Spain 2006” 5th edition, by David Hampshire.
For extensive, annually updated information about buying a property in Spain, you can purchase this book at www.survivalbooks.net
Holiday home insurance from intasure - Click Here UK insurance for your property overseas
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