10 reasons to invest in a senior residence in Fuerteventura

by | Mar 8, 2023 | Blog, Builiding, Canary Islands, Fuerteventura, Real Estate, senior, senior residence

Luxury senior residence in Fuerteventura with UP2gether

Fuerteventura, one of the islands of the Canary archipelago is a destination in great demand by tourists and real estate investors due to its growing popularity as a tourist and residential destination. The place offers many interesting opportunities thanks to its privileged position, the high economic growth rate, the ever-increasing demand for real estate properties, and the influx of tourists. The mild year-round climate and pristine beaches make it an ideal place to live and work.

The demand for residential properties in Fuerteventura is increasing and they are being sold even before the property is delivered. Purchasing a home within a luxury residence for Golden Age people in Fuerteventura, given the population that has been relocating for years, is an excellent investment.

10 reasons to invest in a senior residence in Fuerteventura

Corralejo is an increasingly popular tourist destination, and with the growing demand for healthcare services and aged care, opening a senior residence in Fuerteventura could offer a unique investment opportunity for those looking to fill an important need in the local community and of visitors.

Barbara de Siena

Founder , UP2gether

1. Growing population of senior citizens

Fuerteventura is experiencing an increase in the population of over 60s, potential customers for luxury senior residences and this trend is expected to continue. It is therefore a great opportunity for investors.

2. Ideal climate

The island enjoys a warm and sunny climate for most of the year, making it an attractive destination for those seeking an outdoor life and a healthy environment as an ideal destination for a second home or permanent residence, even for seniors.

3. Modern infrastructure

The Canaries have modern infrastructures that make life easier and more comfortable for people. Modern healthcare facilities, airports, ports, roads, and many social activities are in place to keep seniors active and engaged.

4. Accessibility

Fuerteventura is easily accessible from many parts of the world thanks to the international airport and efficient public and private transport services. This makes it an ideal destination for seniors looking for a change of life or looking to spend the winter somewhere warm without being isolated too far away.

5. High quality of life

Fuerteventura offers a high quality of life, thanks to the safety of the place due to low crime and a lively community of foreign residents, an international and multicultural community has been created, ideal for those seeking a life abroad.

6. Stable value

Investing in real estate in Fuerteventura is a safe and stable way to protect your assets. The growth of tourism in recent years is leading to an increase in property prices and an increase in purchase and rental applications. Prospective buyers will also be able to earn money by renting out their apartment during the periods they are not using it.

7. Good yields

Investing in luxury residences for the elderly in Fuerteventura can bring excellent returns, both in terms of rentals and in the value of real estate properties.

8. Exclusive services

Given the average annual temperatures, the luxury residences for the elderly in Fuerteventura have the possibility of offering a wide range of exclusive services, such as swimming pools, fitness centers, restaurants, common rooms, and much more, to make life more comfortable and pleasant for the residents.

9. Possibility of customization

Investors or final purchasers of apartments also have the possibility of being able to customize their properties, adapting them to the needs and wishes of future tenants, which makes the investment more attractive and attractive. They will then be able to work with our partners to tailor the facilities to their customers.

10. Quiet lifestyle

Fuerteventura is known for its quiet and relaxed life, perfect for those looking to get away from the stress and bustle of urban life. This makes Fuerteventura an excellent choice for a second home or to fully enjoy the period of retirement.

These are some of the most important needs that should be met in aged care homes:

1.- Health care

Many self-employed people today may need medical care and support in the future, so senior residences are equipped with qualified medical personnel and adequate health services, such as:

  • Organization of home care services
  • Emergency transmitter
  • Delivery of medicines
  • Electronic entry badge
  • Coordination of the health path
  • 24-hour emergency response (unlimited)
  • Diet monitoring
  • Access to a physiotherapy space

2. Safety and comfort

Residences for people of a certain age must be safe, and welcoming for guests, with comfortable rooms that can be personalized with loved ones and well-furnished common areas.

Here are some examples of services:

  • Reception 7 days a week
  • 24-hour on-call service
  • Electronic entry badge
  • External appointments
  • Receiving shopping deliveries
  • Shipping, distribution, and storage of mail
  • Moving help
  • Carrying heavy shopping into the apartment
  • Air conditioning
  • Heating
  • Electricity
  • Wifi
  • Water
  • TV

3. Entertainment and socializing services

Golden Age residences offer entertainment and social services, recreational activities, cultural events and parties to keep guests engaged and active.

Some options:

  • Privatization of salons to receive your loved ones
  • Safe living spaces
  • Shuttle service to the restaurant
  • Gardens and terrace
  • Spa
  • Pool
  • Water aerobics lessons
  • Sauna
  • Bicycles
  • Vegetable garden
  • Projection of films on a large screen
  • Gym
  • Wellness spaces
  • Access to the beauty salon
  • Access to the gastronomic restaurant
  • Daily press
  • Shows and excursions (only tickets are paid)
  • Evenings and conferences
  • Daily animations and workshops

4. Healthy and balanced diet

Food remains a plus, room service, but also common restaurants and bars allow you to eat balanced and healthy meals, alone or with other guests, able to satisfy all guests’ nutritional needs.

Possible services:

  • Meal service in the apartment
  • Home chef
  • Diet monitoring

5. Personal assistance

Residences for the elderly should offer an adequate level of personal assistance at 360°, home shopping, accompaniment for visits or shopping, but also help services for daily activities, such as bathing and dressing if necessary.

  • Organization of home care services
  • Emergency transmitter
  • Delivery of medicines
  • Coordination of the health path
  • 24-hour emergency response (unlimited)
  • Access to a physiotherapy space

It is important to bear in mind that residents’ needs can change over time, so it is essential to be flexible and adapt to changes and residents’ personal needs with an à la carte menu of services, for example.

The phases for the construction of a residence for the elderly in Fuerteventura are as follows:

1. Analysis of supply and demand

It is necessary to verify the demand and supply of retirement homes on the island of Fuerteventura, to determine the feasibility and market opportunities. There are already residences in Gran Canaria and Tenerife, this already partially answers the first point, with the advantage of the average temperatures of Fuerteventura, definitely the best in the whole archipelago.

2. Choice of location

UP2gether, to assist potential investors in making the best choice, has partnered with the Carpe Mundi Real Estate Agency. A well-placed local partner can assist you in choosing the right place for the construction of the residence. It will be important to take into consideration the proximity to essential services, the quality of the infrastructures and safety, but also the timing for the realization of the project.

3. Architectural design

Once the site has been chosen, it will be necessary to design the residence building, considering the needs of future residents and the needs they will meet over time, accessibility, safety, and local zoning regulations. The beauty of the structure will allow for a sale and a higher return for investors.

4. Approval of the project

Once the architectural project is completed, it will be necessary to obtain the necessary approvals from the relevant authorities, such as the building office and the building commission. Barbara de Siena – founder of UP2gether – as Development Management of the Excipio project, will be at your side to obtain the documentation and advise you throughout the design process.

5. Financing

You can check the European Union and European Commission programs and funding available for this sector, as well as contact your local authorities for further information:

6. Construction

Once the necessary funding and approvals have been obtained, construction work can begin. The sales work can therefore begin once the first brick has been laid and given the important demand for residences and homes, the quality and services of this structure will further facilitate the sale.

7. Management

Once construction is completed, it will be necessary to manage the residence, considering the needs of the elderly, rates, quality of services, and safety. The choice can be to join existing groups or to do it directly.

Here are some trade associations of the healthcare sector in the Canary Islands that could be useful: