• Home
• Tenerife Blog
• Why Tenerife
• Tenerife Holidays
• Tenerife resorts
• Getting There
• Getting about
• Tenerife Property
• Tenerife Villas
• Tenerife Hotels
• Best Hotels
• Economy Hotels
• Places to Visit
• Loro Parque
• Mount Teide
• Siam Park
• Links

Tenerife property will give you a steady return on your holiday homes investment.

Many people who have have invested in Tenerife property over the years have done so for a number of reasons.

The vast majority who have invested in Tenerife property tend to purchase holiday homes initially, with a view to moving out on a permanent basis to escape the cold winters and the unpredictable summers of the UK and Ireland.

It may seem an obvious statement, but I always recommend to secure the services of a Tenerife real estate agent (inmobiliaria) when looking at property for sale, there are plenty to choose from.

Purchasing a Tenerife property is a different proposition from doing so in the UK as you might expect, so you need to have your wits about you and watch out for local conditions of sale, so always use an experienced tenerife real estate agent who knows the local market, and don't be afraid to ask questions, you are the client!

Some of the things to watch out for are things like the following:

• Any debt remains with the property rather than following the previous owner, so make sure you don't take on anyone elses unpaid power bill for example.
• 8% of the value of the property needs to be added to your purchase price to cover additional taxes and expenses.
• All of the paperwork is more likely to be written in Spanish, therefore a Tenerife real estate agent who knows their way around the system will be invaluable.

Because of the Tenerife climate your holiday home can also generate a small income ALL YEAR ROUND as a holiday let, you can rent out to friends and family when you're not using it.

Property for sale in Tenerife can be quite diverse, from studio apartments to sprawling Tenerife villas, though the rental you can demand is obviously based upon the size of property, it does not necessarily fluctuate excessively between seasons because of the Islands popularity all year round.

As a result The value of Tenerife villas and most other Tenerife property over the last number of years yielded a solid and steady 10% annual growth.

Therefore, you have a double benfit from the long term growth in value of your holiday home, but also from the on-going rental opportunies 12 months of the year that are made available through its location in Tenerife, HAPPY DAYS!

As with all places, in Tenerife you can have good and bad estate agents, so I would always advise you to be careful with who you choose, and do not just go with the first one you talk to, speak to several.

However as part of the European Community, your investment in Tenerife is protected by European laws and building regulations so I would reassure you that you are afforded the same protection here as you would receive in the UK.

And here's a thought to anyone thinking of moving out to Tenerife. Eating out, drinking and petrol are much cheaper in Tenerife than in the UK, as well as no heating bills, rates that are on average less than £150 per year and all you need is a one-climate wardrobe.

"It's a no brainer!"

Newsletter