Purchasing a property in Tenerife has proved an excellent investment over the last few years.
Demand for property still remains high in Tenerife due to the superb all year round climate. it also offers excellent rental potential from an investment point of view.
Buying a property in another country may seem very daunting but the system in Tenerife is very easy and can be very quick especially if you are purchasing a resale property.
The Weather on Tenerife changes considerably depending on your location. The warmest climate can be found on the south and west sides of the island. But, if you go near El Teide, cold winds and snow wouldn’t be hard to find. Tenerife features the lowest temperature difference between summer and winter for anywhere in the…
Annual running costs are much less than in the UK. The following is an example of what you can expect to pay (approximately) for a typical 2 bedroom property. Urbanisation Fees £300 approx Summa /Rates £180 Property Tax £180 Insurance £150 Utilities (water / electricity) £150 – £250 per annum depending on consumption Fiscal Representation…
Please advise us when booking your inspection visit if you are intending to “buy to rent”, we can then ensure you are shown properties and locations suitable for this purpose Renting out your property is an excellent way of helping to pay some or all of the annual costs, as well as helping to cover…
Tenerife is known as the Island of Eternal Spring, and it’s not hard to figure out why. It has a perfect year-round climate, is bathed in almost continuous sunshine and possesses a natural beauty that stuns even the most seasoned traveler. The diverse landscapes of the island are a sight to behold. Long sandy beaches…
All new property built after the year 2000 has to have a 10-year structural guarantee by law. Title deeds (escritura) are guaranteed freehold and free of any debt on all new builds. New Property built in Tenerife uses the highest quality materials, modern technology, techniques and finishes. You can either purchase off plan or during construction,…
Financial obligations. It is important to have your finances in place or agreed in principle. Our associates in Tenerife offer independent financial advice and will assist or advise you of all the options available. Alternatively we do have associations with independent financial advisors here in the UK who can offer the same service. Various finance…