Property in Spain, Tenerife

These are the key economic projections for Spain 2008

• GNP growth 2,6%
• Inflation 2,4%
• GNP (2008) 1,1 billion €
• Population 45,7 million

In the world context with such uncertainty in the financial sector and impending elections in various key countries including the US, Russia and, of course, Spain itself these stats reflect a year of consolidation and stable growth.

The Canary Islands, that have a combined populationof 2 million, are on the same trajectory. Tenerife, has that extra bit of magic created by Mount Teide (at 3700M) the highest in Spain.
Once again, property investment in Tenerife and the Canary Islands generally will prove to be a wise decision. With it's magical all year round climate, it's special status - fiscal and otherwise - within the EC we at PCI consider it an unmatcheable destination for investment funds!
Happy 2008 to everybody.
www.pci-international.com