Do you work remotely? Do you have money in the bank? Then go save the Canary Islands!
Working remotely is the new norm — perfect if you value those extra minutes in bed. Its popularity had already been growing with every tech advancement, but with the Covid-19 pandemic, it has exploded.
Nearly a fifth of the world works remotely on a full-time basis. 99% of them want to continue. 90% would recommend it to a friend. One can save up to over $5,000 a year. The world of work is changing drastically, and doesn’t look like stopping anytime soon. Indeed, by 2028, 73% of teams will have remote workers, and nearly three quarters of companies plan to shift some of their employees to remote working. It is here to stay.
But think about it: if you can work anywhere, then the world truly is your oyster (provided you don’t forget your laptop). And why, if you live in a big city, would you stay at home, cooped up due to Covid-19 restrictions? If all you need is a computer and internet access, why not set up a new life on a coronavirus-free, secluded, Pacific island? Mind you, the WiFi speed probably wouldn’t be anything to write home about.
It’s currently a sunny 20 degree day in the Canary Islands, whose tourism industry has been utterly obliterated by the pandemic. The region’s GDP fell by a sobering 21% in September, relative to the same month in 2019. But remote work could be its saving grace, which probably explains why the regional government is investing half a million euros to try and lure more remote workers to the islands, with 30,000 the goal. It seems to be working though, with more and more people flocking to the islands — and with weather like that, why wouldn’t you? 80% of remote workers experience less stress, and I can think of worse places to do one’s work than on a sunny beach in the Canary Islands.
Even better for the Canary Islands is the fact that these workers work primarily in the tech industry, meaning they likely have a fair bit of spare dosh down the back of their sofas. Indeed, the government is targeting workers who have much higher purchasing power than the average tourist — so, if you tick all the boxes, come and play your part in the islands’ renaissance!
It’s a renaissance which is only growing. Coworking spaces are now the new traditional offices, and new ones are constantly cropping up over the island to satisfy the increasing demand. Attracting people is far easier than attracting businesses, and the communities of workers that are created attracts more workers in the process. One might call this the snowball effect.
The regional government must be rubbing its hands in glee, and the future is certainly bright for the islands.