If you are going to get involved in investment property, then Tenerife is one of the most stable environments to start with. Tenerife villas and apartments for sale, especially if they are newly-built or off plan, are proving to be highly profitable. Fañabe and Calleo Salvaje are outstanding areas in Tenerife for investment property.
Few investors know about these affluent areas. If you are interested in Tenerife investment property, then you have come to the right place. We have a wide selection of villas and apartments and for sale throughout the island as well as a top class choice of newly-built and off plan properties.
Buying an apartment or house in Tenerife has proven to be for many people a sound investment. Although being part of the Sovereignty of Spain, Tenerife has an expanding economy and its own stable government. Spain is a member of the E.E.C., which makes it very attractive to foreign investors. A twelvemonth holiday season and the stability of the economy make Tenerife property a perfect choice to invest in. Currently, Tenerife continues to be more attractive to property buyers than ever before.
The Tenerife’s massive tourism industry has continued to increase at a rapid rate each year, resulting in a high demand for holiday houses and rental accommodation. This provides the investors with the maximum potential capital growth and twelve months of income from the holiday rental sector, especially on the warmer shores of the south of Tenerife, where most tourists choose to stay.
Many people enjoy their homes in the sun and probably periodically allow their friends and families the same benefits. However, alongside the capital growth of the value of their holiday houses, some people get profit by renting out their properties to tourists. Rental returns from holiday houses in Tenerife can be considerable.
If you are seeking an income from your apartment or house, then make sure that the property you are letting is within a community that permits “letting to tourists.” Consider letting your property for tourists, especially if you have taken a mortgage and need some money to assist the financing of the mortgage repayments.
In addition to yield from rental income and capital growth, much money can be made from buying an off plan property. Generally speaking, the buyer is speculating on future property price inflation.
For example, when a developer sells the property, which is at an early building stage, its price is significantly lower than the normal market value price. In such a case, a buyer pays a deposit, which is normally 10% or 20% of the selling price, which is fixed for the duration of the contract. The money paid by the buyer provides the developer with capital, thereby, reducing the amount of bank borrowing needed by the building company to finance the project.
Investing in off plan property in Tenerife has proven to be very lucrative for many investors in recent years, however, in order to minimize, you should use a reputable state agent and buy from a reputable developer.
Investing in Property Overseas: Choose Tenerife Real Estate
Investment property in Tenerife has become extremely viable over the years and with lots of newly-built and off plan properties springing up all over the island, there is no wonder that property investors flock here. More and more people in Europe are beginning to understand the benefits of investing in Tenerife property.
The weather in Tenerife is one of the main attractions. As other holiday destinations throughout the world are affected by high levels of humidity, extremes of temperature, and tropical storms, Tenerife has one of the best climates in the world with average temperatures ranging between 23-28 degrees and no earthquakes or hurricanes!
Another advantage of investing in Tenerife property is its investment value. There are many places which experience cycles of fluctuating property prices. This means that you may purchase a property now and find that in one year it is worth less, instead of more! This is not the case in Tenerife. For the past two decades, Tenerife property prices have increased year on year.
When buying a property, everybody takes into account travelling time. A common concern of most people who are going to live abroad is the distance from their family and friends. If you own a property in the Caribbean, then your flight home will take much time, often with stopovers. But you can fly from virtually any airport in Europe to Tenerife’s modern International airport in several hours.
Although Spanish language is the official language in Tenerife, English is also spoken extensively and on the southern part of the island, it is as prevalent as Spanish. In general, Tenerife is head and shoulders above other options for buying a property for investment.
It features not only favorable climate conditions, good investment opportunities, and a secure environment for families, but also fabulous mountain ranges, beautiful beaches, cosmopolitan cities, beautiful villages, 6 championship golf courses, diving and water sports, superb sea, low living costs, and much more!