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…
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…
This is in effect is the same as a national insurance number in the UK. All non-residents who buy a property and therefore need to have connections with the tax system are required by law to have an N.I.E.number. You will need an N.I.E. number for all kinds of purposes; the solicitor who handles the…
We will introduce you to an English-speaking solicitor on your inspection trip, which is of course would be only if you have found a suitable property. You can if you wish select your own solicitor. We can also introduce you to a UK solicitor if you prefer. The solicitor you choose will deal with all matters…
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…
It is slightly different when purchasing a resale property, as this is normally ready to move into. The most important thing to note is that it is not the same as purchasing in the UK. In certain circumstances it has been known to complete in 15 days! Very rarely does it take any longer than…
Build times can vary enormously depending at what stage you make the purchase. Property bought off plan may have a build time of 12 -18 months however if the property is under construction this will be a lot less. Most new builds are completed on time and sometimes ahead of schedule. Delays do occur so…
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,…
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…