Sunday, 22 October 2017

Why Should You Buy A Property In Tenerife?

The 2008 downturn in the worldwide property market had negative consequences for a majority of countries across the globe. The United States saw some of their properties reduce by almost 50% of the original asking price during this period. The real estate market in Tenerife also saw a slight decrease in the asking prices for properties. But the market didn't significantly slow down like in most of the other places in the world. That was because different nationalities from across the globe invested in properties in Tenerife during that time.

The beautiful sunny climate makes Tenerife a unique place to reside. There is very little rainfall with the temperatures ranging from an average of 23 degrees during the day. Many tourists come here during the winter season to get some sunshine since it is just a short 4-5 hour journey from most parts of Europe. In fact, Tenerife attracts clients from Britain, Germany, Belgium, France, Russia, and Scandinavia. Many people coming from these countries usually end up buying a property in Tenerife.

If you plan to visit Tenerife on a regular basis, it is a good idea to invest in a property here. You will get a good rental income as well as property appreciation benefits over time. If you invest in ne of the popular complexes, your return is even higher in the long run. But these properties are a bit expensive compared to other properties in Tenerife. You can rent them for a higher amount and have more occupancy too.

Property prices fluctuate, but let's face the facts. The property prices in Tenerife have been appreciating on a continuous basis. For example, I purchased my first property in Tenerife for €60,000 in 1995. By the year 2006, the same property was sold for €175,000. But the prices fell to €130,000 during the credit crisis - which created a loss for people investing in property from 2005 onwards. The loss amounted to an average of €50,000 in this short time period. That is why you need to consider investing in Tenerife for the long term. It is one of the best decisions you can make considering the long-term benefits of owning property.

For more information, visit an established estate agency based in the south of the island in the popular resort of Los Cristianos.

Some more articles that might interest you:

Pricing your Property for an Effective and Efficient Sale
The Cost Of Purchasing A Spanish Property
8 Secrets To Selling Your Home That Only Real Estate Agents Know
Is Sunshine Returning To The Property Market In Tenerife?
The Three Golden Experts Needed When Purchasing Property In Spain

Wednesday, 4 October 2017

Tenerife Property Still In High Demand

Tenerife Is Hot Bed For Foreign Buyers of Property

You may already know about the high volume of tourists that goes through Tenerife. Millions of people have visited, but there’s something that you may not know, and it’s that people from all over the world are buying apartments and villas on the island.

The reason for this is simple, the weather is warm year-round, and it’s one of the most incredible opportunity for those that want to get more “bang” for their buck.
Going back to the statistics across the past few years, you’ll find that upwards of 50% of homes on the island of Tenerife has been swooped up by foreign buyers, and not Spanish citizens.
That’s a big increase, and it’s continually growing.

The Attraction of Tenerife Property

Tenerife opens up a great deal of options for those that are looking for opportunities to purchase homes on a sun kissed island. Specialists in sales on the island like Lupain have stated that Tenerife is a perfect choice for those looking to buy a slice of paradise because it’s not saturated like other locations. Unlike other exotic locations, there’s a restraint to the new properties being built due to stringent plannig permission and care for the natural environment.

The market has been growing with investors from the UK, Russia, Belgium, Germany, Italy, and many more. Foreign buyers that have a strong currency exchange rate are receiving a great deal on property purchases. For instance, the British buyers have found that when the Pound is strong, they get more return on their investment compared to the UK where property is a lot more expensive.

Prices Are Still Below Expectations

Perhaps the biggest thing that you should know is that the price of property on the island are still considered competitive. They are still below pre-recession levels and continue to hover in that rejoin. New construction came to a halt during the recession, and has not picked up nearly as fast as some analysts thought.

The properties people are looking for are coastal villas and apartments in the popular resor areas which you cannot find for the same price in other popular tourist destinations.
For those that are looking at perhaps buying property in Tenerife, it's still a good time to invest in property on the island, especially with such good rental returns and the potential for continued price appreciation.
One thing that is always important is knowing which location on the island is best to invest in property.

Buying and Selling Property In Tenerife

Thinking about buying or selling property in Tenerife? Then you’ll no doubt want to look into a few quick tips. The easiest thing to remember is to get a helping hand through the assistance of an established estate agent. An agent can help you find the right property with a commission rate of about 5%. If you’re not a resident, you can sell, but expect to pay Spanish tax, and declare a percentage of the overall value.

Visit Lupain at and they can assist you with your property investment in paradise.