Economic crisis hitting the Islands with cheap hotels for sale
Although there are many 'fake' stories during the pandemic, especially on social media, this image is real and highlights the sad cost and economic affect of the health crisis.
Many hotel groups, after months of being closed due to the Covid pandemic, have been forced to reassess their futures and in many cases dispose of their assets, their properties.
The non-arrival of tourists to the islands and the drop in the number of reservations, has meant many hotel owners have been unable to meet the expense of maintaining an establishment of this type, which is why some of them are resorting to real estate websites to sell them.
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There are hotels of all kinds, of all prices and on all islands, but this six apartment rural hotel in Vilaflor in Tenerife, must be the the cheapest on the market.