Monday, 22 January 2018 05:06

Are Chinese Investors Really Buying Güi Güi Beach?

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Güi Güi beach in west Gran Canaria Güi Güi beach in west Gran Canaria photosgrancanaria.com

Rumours that Güi Güi beach is on sale in China are true, but the whole exercise is probably just an attempt to get the Gran Canaria authorities to buy it.

 

The two beaches at Güi Güi and a big chunk of the surrounding valleys are currently on sale on a Chinese real estate portal for six million euros. Chinese tourists love pristine, pollution-free destinations so the area is being marketed as a long-term investment with tourist potential. 

However, given the protected status of the area, there is more to the story than meets the eye.

The current owners of the land and beaches, not mentioned by name in the press reports, are probably trying to get the island authorities to buy the land from them: Betting that if a credible buyer emerges, the Gran Canaria government (Cabildo) would come under pressure to match the bid and buy the land. 

However, last time the area was on the market the local authorities decided against trying to buy it as it is already heavily protected from development by law. 

The beach and surrounding area are part of the Gran Canaria Biosphere Reserve and are therefore legally impossible to develop. There is no way that anyone can put hotels or any new buildings anywhere by Güi Güi beach or the valley behind it.

The Biosphere Reserve rules are so strict that it doesn't really matter who owns the actual land at Güi Güi. 

Read 7960 times Last modified on Monday, 22 January 2018 05:35
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Tip of the day

  • The Parafarmacia In Gran Canaria Is Not A Chemist!
    The Parafarmacia In Gran Canaria Is Not A Chemist!

    If there is one thing we hate it is visitors being tricked in Gran Canaria. In the past we've warned about overcharging at Gran Canaria chemists, and rip off electronics shops in resorts. 

    In this Tip Of The Day we return to the island's chemists or rather, to the island's fake chemists.

    A chemist in Gran Canaria is called a Farmacia and always has a green cross sign. Farmacias are the only place tobuy medicine in Spain, even basics like paracetamol.

    However, there is another kind of shop in Gran Canaria that looks and sounds like a chemist but doesn't sell medicine. This is the Parafarmacia and it also uses a green cross sign.

    A parafarmacia is a herbal medicine shop that is not allowed to sell any normal medicine such as paracetamol, ibuprofen or antibiotics. 

    Instead, parafarmacias sell herbal alternatives to medicine but don't have to prove that they work and they can charge whatever they want.

    We recently heard from a visitor to Gran Canaria who went into a parafarmacia and was charged 40 euros for a herbal alternative to Ibuprofen. It was only when they read the label that they realised what had happened. 

    To locate a genuine farmacia, see this website and search within your municipio (Puerto Rico is in Mogán, Playa del Inglés is in San Bartolomé de Tirajana). At weekends and on fiesta days many farmacias close but there is always one open, known as the farmacia de guardia, in each municipio.

    Search for the nearest one to you with this tool

    Lex Says: To keep costs down, see this article for the way to ask for generic medicine rather than expensive branded alternatives. 

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