Housing Vs Gold
Gold has been considered the safe haven par excellence for centuries. But in the last decade, the price of housing in the Canary Islands has followed an upward trend that has made many wonder: is it time to invest in bricks instead of gold? Let’s analyze it in a clear and entertaining way.
If we look at the numbers, gold has experienced impressive growth. According to Inversoro, its value in euros per troy ounce has increased by 148.15% in the last 10 years. This is due to its role as a safe haven asset, which gains prominence whenever there are economic crises, inflation or uncertainty in the markets.
In short, gold is like that fancy coat you always have in your closet: you may not wear it every day, but when you need it, it’s there to save you.
The New Real Estate Treasury
Meanwhile, housing in the Canary Islands has not lagged behind. The average price per square meter has risen from €1,391 in 2014 to €2,470 in 2024, an increase of 78%.Why? Easy: the Canary Islands have become a star destination for international investors and buyers looking for sun, quality of life and profitability.
In addition, with an increasingly limited supply of developable land, demand continues to grow, ensuring that prices remain buoyant. In other words, buying property in the Canaries is like booking a table at the best restaurant in town before everyone realizes how good it is.
What is the Best Option?
If we go by the numbers alone, gold has risen more than housing in the Canary Islands. But here is something key: gold is a financial asset that rises and falls with the markets, while housing is a tangible good that, in addition to revaluing, generates income if you decide to rent it.
And then there is the big question: are properties more expensive or is it the money that has lost value? Inflation has played a major role in both cases, but with the housing you have an asset that will always be useful and necessary, something that gold cannot offer.
Where Should You Put Your Money?
If you’re looking for a traditional, uncomplicated haven, gold is a safe bet. But if you want stability, long-term profitability and an asset that you can enjoy while its value increases, housing in the Canary Islands is a hard option to beat.
At Nolan Group, we help you find the best real estate investment in the Canary Islands, so that your money is not only safe, but also grows over time. Ready to find your own real estate treasure?
