Why Tenerife, Canary Islands?

Tenerife is the largest and most popular island of the Canary Islands. Holidaymakers from all over the world mostly prefer this island within the total Archipelago. Hundreds of thousands of visitors flock here to soak up its all year-round sunshine and to enjoy the buzzing atmosphere.

Tenerife plays host to a number of popular resorts around the island, and has something to offer that will suit any kind of taste. From the party resorts that are situated in Playa de Las Américas to the small typical island villages with their local ´casitas´ in the more remote areas. The island of Tenerife, apart from being popular with tourists, is also a home to a very large expat community. Life for those expats on the island is more relaxed and somewhat warmer than back home.

Property for sale in Tenerife has attracted the international buyer for decades, with British and German buyers taking up most of the market share. Property prices in some areas in Tenerife have obviously been hit by the current financial recession. Because of this, properties in Tenerife are very attractive to all potential property buyers and investors.

Our own website www.secondhometenerife.com features hundreds of properties for sale in Tenerife, as well as lots of other useful real estate information that apply on this island. Tenerife has an abundance of property types ranging from small studios, apartments, houses and of course spectacular villas.

Buying a property in Tenerife is very easy and straightforward, and costs associated with buying should be no more than 10% of any purchase price. Ask for our buyers guide for more details on the actual process!

Corné Schreuder, Sales Director

Featured properties

This amazing villa was built on four levels, has over 2250m² of interior surface and is truly unbelievable. The entire villa was built with top quality building material and finished to the last detail. The top level has over 240m², 4 huge bedrooms with 4 ensuite bathrooms, garage, all with panoramic sea views. The ground floor has 250m², 1 bedroom with bathroom, guest toilet, main lounge, sitting room, brand new modern kitchen, laundry room and store room. Again amazing sea views from this level. One floor lower there are 440m² with another huge lounge, with 2 bathrooms, large offices and a very big stock room. Just beneath this level another 540m² with again a huge lounge and large separate kitchen, 1 bathroom, sauna, BBQ with terrace, on level of the pool, again offering amazing sea views. The lowest floor is a magnificent Wine Cellar, with bathroom and machinery room, of over 770m². There is a private heated pool, several terraces and also large window panes from all different rooms offering stunning sea views. This house is unique!

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Featured properties

Mirador del Golf is a small and very quiet complex of 28 villas in 5 blocks adjacent to the Adeje Golf course. This is a residential complex with subletting authorised for periods of not less than 26 weeks. There is a communal jacuzzi and heated swimming pool. Number 27 is a townhouse in block 4 alongside the 3rd fairway with an uninterrupted view of la Gomera. No.27 has one of the largest gardens of the townhouses on the complex and has been fully extended using quality builders and materials. Purchased, new in July 2006 from builders Kurt Konrad the property had one bedroom and one bathroom but was built ready for extension. The original living space was 65m2 but with the addition of a 2nd bedroom with adjacent wet room on the first floor, an extension to the kitchen and a 100% increase in the size of the lounge, the property now totals 101m2. In addition there is a first floor terrace of 7.5m2, a patio measuring 14m2 and cactus garden of 78m2. There is a garage with electric door operation and a store room.

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Featured properties

Property with 2 bedrooms situated in a highly desirable residential complex with 2 communal pools. This 1rst floor and corner property includes 2 double bedrooms with fitted wardrobes, 2 bathrooms, a independant fitted kitchen with laundry room, lounge and roofed terrace overlooking the sea and the nice avenue with palm trees. A large parking space and a private store room with ceiling light are including in the price. For sale unfurnished. Price reduced for quick sale.

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Featured properties

Lovely apartment for sale with spacious corner garden and nice covered terrace. Splendid views over looking the sea. Apartment composed by 2 double bedrooms, 1 bathroom, open plan fitted kitchen and lounge. A very well presented apartment located in a quiet residential complex situated just a few hundred metres from the sea and built to a very high standard, including high quality kitchen with stainless steel oven, hob and fridge freezer. Large communal pool plus childrens pool, landscaped gardens. The joy of this property is the large garden of some 80 square metres, ideal for a barbecue party with your friends as you watch the sun set over La Gomera.

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Preferred features in a property

 












New research has shown that people purchasing a property in Tenerife often look for homes with balconies or terraces, in order to make the most of the better weather! Knowing that according to NASA, the climate of the Canary Islands is “the best in the world”, this results to be a very logical decision when buying a property here!

Next to that, our experience revealed that air conditioning and access to a swimming pool - either private or shared - are among the other features buyers look for in properties in Tenerife. Also the importance of being close to amenities, such as restaurants, bars and shops, and the airport, are on top of the list. And last but not least, the possibility to have a rental income is often mentioned as an important issue.

Second Home Tenerife will listen to your ideas and wishes, noting that if you are considering purchasing real estate in Tenerife, you should of course take different factors into account when you are looking for an investment compared to planning to retire here. At Second Home Tenerife, we will do everything we can to help find you the perfect property!

Corné Schreuder, Sales Director 

Featured Properties

 A large 3 bedroom townhouse in the complex of Los Girasoles in El Madroñal. The complex was recently completed and is within walking distance of the Gran Sur Mall. The property is built on two levels and comprises of a large lounge with dining room, a fully equipped kitchen with an American fridge, 2 bedrooms and a complete bathroom. 

(More info)

Featured properties

Lovely and spacious apartment in Terrazas second phase with 1 bedroom with built in wardrobes, 2 fitted bathrooms, fully fitted kitchen, separate washing room, lounge, and a huge 100m² terrace on the same level, sun from the very morning, and is situated in a very quiet area. This apartment comes fully furnished.

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Featured properties

Close to the sea: Luxury and beautiful apartment, furnished to a very high standard, with large living room, modern fitted kitchen, marble bathroom, cozy bedroom and covered terrace with sea views. Parking space & storage room included in the price.


(More info)

Featured properties

Lovely bungalow with large terrace and private pool, sunny all day. This property is composed by open plan kitchen, large living room, 3 bedrooms and 2 bathrooms. Large sun roof terrace with sea views. Very well furnished, perfect condition. Price reduced recently for quick sale. Situated in the centre of Palm-mar, close to shops and beach. Must be seen!


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Advice - Information

Each owner is expected to respect and take care of the general installations of the community and any other common elements in the property. In essence they are part of the owner´s property and if the apartment is to be sold, poor maintained installations would very much work against the owners. Owners are also expected to maintain their own property and keep it in good repair. If a repair is needed on the property, and it is the responsibility of the community, the owner has to allow the work to be carried out.

As well as paying the monthly community fees, the owner may have to pay further amounts of money to the reserve fund. The Spanish law says that the minimum fund should be at least 5% of the last ordinary budget. 

If the owner does not live within the community on a full time basis they need to notify the administrator of their residential address so any correspondence can be sent on. If they fail to notify the administrator, he only has to put communication messages on the notice board. This is considered under the law as a fair warning, as the administrator is only obliged to send registered notifications within Spain. 

And finally if you purchased your property and the community fees are not paid up to date, the debt will automatically become yours. Again an important reason to use our services to buy your dream property in Tenerife without any risks.

Corné Schreuder, Sales Director

Featured Properties

Wonderful corner house with private pool! This house was totally refurbished 2years ago, and is now a very well divided modern house, functional, modern, and very well furnished with top quality italian furniture. There are 3 bedrooms, 2 bathrooms, toilet, cloak room, very modern fitted kitchen of italian make, laundry, lounge with dining area, big garage in the complex, and a terrace around with lovely views. The property is located at only 3 mins walking distance from the El Duque beach, and all necessary amenities are found in the area. The complex is tranquil and well kept, has a lovely pool and garden area.

More info.

Featured Properties

Situated in Terrazas Del Duque, between Hotel Costa Adeje Gran and Hotel Jardines Del Teide. The penthouse apartment comes fully furnished and has 2 bedrooms and 2 bathrooms, 1 parking space included in the price and a store room. Good situation with lovely sea views from the sun roof terrace. About 300 meters from beach of Bahia del Duque, Playa del Duque.

More info.

Featured Properties

Brand new townhouse located in a small and quiet residential complex in Villas del Palm-mar with 1 bedroom, fitted wardrobes, fully equiped kitchen, modern bathroom , lounge. 3 sunny terraces including private roof terrace. Solar pannels. Spacious private garage. Residential complex Villas del Palm-mar is located 5 minutes walking distance from the beach, supermarket, shops and all the amenities.

More info.

Featured Properties

Top floor apartment with panoramic sea views! This duplex apartment offers 2 spacious bedrooms, 2 bathrooms with shower, American kitchen with breakfast bar, lounge and many fitted wardrobes. Both terraces have splendid panoramic views over looking the sea and the protected land called Punta Rasca. The residential complex has lift and pool and is located in the centre of Palm-Mar, near the sea.       

More info.

Advice Information

Community Fees

If your property is situated within a complex, you will be required to contribute towards general maintenance and running costs, such as cleaning, re-painting, swimming pool maintenance, security and so on. The amount will depend on how large the complex is, where and how large your property is, how much work and costs are required to maintain the complex and how much you and your fellow owners agree to contribute. These Fees are collected every 1, 2 or 3 months, normally by direct debit from your bank account.

Utility Bills

Electricity and water bills are paid every two months - normally by direct debit from your bank account. Rubbish bills are normally paid every six months - if you live in a residencial complex some, or all of these bills may be included in your regular Community Fees.

Local Rates, IBI (Impuesto Bienes y Muebles)

Local Rates are paid annually and, depending on where your property is situated, they are levied between May and November for the whole of the current calendar year. The authorities will send you notification of when and how much you owe. However, these notifications often do not arrive, so please make sure you find out when they are due to be paid in your area and go to the local office of the Catastro (Rates Authorities) to pay if the notification has not arrived. For example, on a typical 1 bedroom apartment in Las Americas, they are approximately €200 each year; on a 3 bedroom apartment in Los Cristianos around €350 per year; while on a 3 bedroom townhouse in Costa Adeje they are €600 per year.

Taxes
For Non Resident property owners there are two taxes payable each year:

- Wealth Tax (Impuesto Sobre el Patrimonio)

- Income Tax (Impuesto Sobre la Renta)

Wealth Tax is calculated on a sliding scale, starting at 2% (which applies to most owners) of either the property's Escritura value or its Valor Catastral (Rateable Value) whichever is highest.

Income Tax is charged at 25% of either 1.1% or 2% (depending on where the property is situated and only applying to those who do not receive any income from their property) of the higher one of either the property's Escritura value or Valor Catastral (Rateable Value). For owners renting out their property, the Tax rate is 25% of the gross rental income.


Corné Schreuder, Sales Director

Featured properties

Lovely bungalow with large terrace and private pool, sunny all day. This property is composed by open plan kitchen, large living room, 3 bedrooms and 2 bathrooms. Large sun roof terrace with sea views. Very well furnished, perfect condition. Situated in the centre of Palm-mar, close to shops and beach. Must be seen!

More info.

Featured properties

Due to his privileged location in the residential complex, this 2 bedrooms apartment has sun all day and tranquility. It is composed by 2 bathrooms, fully fitted separate kitchen, laundry room, lounge and a magnificent garden of over 130m2. It is equipped with alarm, electric sun blinds, shutters, safes and fully furnished. One parking space and storage room are included with the property. Residential complex with 3 pools, gardens and lifts, close to the shops, the beach of Palm Mar and Tenerife south airport.

More info.

Featured properties

Lovely Townhouse located in the quiet and cosy residential area of Torviscas Alto in Playa de Las Americas. The property offers 5 bedrooms with build-in wardrobes with plenty of storage, 3 bathrooms with natural marble walls, one bathroom en suite with hydro massage. Separate kitchen with ALL top brand equipment, dining area, laundry room, recycling point, wine cellar and spacious lounge and dining area.The property also has a large terrace with plenty of plants and flowers. ALL panoramic sea and pool views with both morning sun and evening sun set with breathtaking views to the west canary Islands. Three communal pools one of these pools is for children. The house is close to ALL amenities and to the beach.

More info.

Featured properties

Beautiful one bedroom apartment in a complex that is situated on the first line of the sea in the lovely village La Caleta in the south of Tenerife, the apartment has lovely sea views from the terrace, one complete bathroom with shower, its situated in a complex with 2 pools of which one is heated, 24h reception area, in house restaurant, in the vicinity are various restaurants and shops, and it is located at the main beach walk, the apartment is completely refurbished, and is sold with furniture, Ideal holiday home and investment.

More info.

Advice - Information

When you buy a new (direct from a developer) property in Tenerife, IGIC (VAT) of 5% is payable on the value declared on the Escritura (Title Deeds) and is collected by the developer when signing at Notary. In addition, Property Transfer Tax (Impuesto Sobre Transmisiones Patrimoniales) of 0.5% is payable within 30 days of signing (attended to by your Estate Agent or Solicitor).
On resale properties, Tenerife Property Transfer Tax (Impuesto Sobre Transmisiones Patrimoniales) is 6.5% and is payable within 30 days of signing (attended to by your Estate Agent or Solicitor).

Notary Fees in Tenerife
The Notary, who prepares the property's Escritura (Title Deeds), is obliged by law to carry out a full search of the property prior to signing it over to the new owner(s). In addition to explaining the process to the prospective owner(s), he will answer any queries on legal matters regarding the purchase. Before you arrive at the Notary, we at Second Home Tenerife will also have undertaken all the searches necessary (such as a mortgage, local rates - rubbish, electric & water and community fees) to ensure that there are no debts or encumbrances registered and that ‘clear title’ is transferred to you on the day of signing.
A Notary’s Fees increase according to the value of the property and the length of the deeds. For example, on a €375,000 property sale, the fee would be approximately €725 (these can vary from one Notary to another). A few days after you sign and pay his Fee, The Notary will provide you with an original copy of the Escritura (Title Deeds)


Land Registry Fees
These also increase according to value, and on the transaction mentioned earlier (€375,000 sale), amount to €600. Land Registry Fees are paid when we collect your original copy of the Title Deeds after registration (which takes at least a month and often more).
In our next Second Home Newsletter, I will give some more information on the costs of owning a property in Tenerife.


Corné Schreuder
Sales Director

Featured properties

Wonderfully well positioned luxury 2 bedroom apartment with stunning sea and pool views. The apartment has 2 spacious bedrooms with built in wardrobes, 2 luxury bathrooms, a fully fitted modern kitchen, spacious lounge, laundry, and a big terrace with great sea and pool views. There is a separate store room and garage space included in the price. The apartment comes fully furnished and equipped. Residential complex handed over in 2005, with big heated pool, in the very heart of El Duque.

More info.

Featured properties

Super villa with 4 bedrooms and 4 bathrooms, finished to a very high standard and beautifully decorated. Huge private pool with breathtaking view along the coastline, large garage for several cars and a large garden area with various terraces. Very special and spacious property, must be seen to get the right impression!

More info.

Featured properties

Lovely independent bungalow built on one level with large terraces and private sun roof terrace, sunny all day. This property is composed by 2 bedrooms with built in wardrobes, 1 spacious bathroom, open plan kitchen, large living room and huge terrace with privacy. Totally furnished with high quality furniture, property in perfect condition. Terrace with direct access to the communal heated swimming pool. Property for sale with parking space & storage room too. Must be seen!

More info.

Featured properties

Very large 3 bedrooms Townhouse located in residential Complex in Palm Mar. This 3 bedrooms property has downstairs a large fully fitted kitchen with a utility room, guest toilet, a large split level lounge and dining room which opens onto a spacious garden area. Upstairs there are 3 bedrooms all of which have built in wardrobes and each bedroom has a separate balcony, 2 bathrooms one of which is ensuite to the Master bedroom. The property has its own 2 car underground garage with direct access to the property. For sale furnished. Residential complex with communal pool, close to supermarket.

More info.

Featured Properties

Palm-mar - Opportunity: Nice duplex apartment, 2 bedrooms, fitted kitchen with breakfast bar, and direct access to the street and garage. 2 large terraces. Well furnished, with A/C and parking space. Must be seen! The residential complex is close to the beach and shops, 5 minutes driving distance to Los Palos Golf course Club in Guaza and to Las Galletas harbour, 10 minutes to los Cristianos, Playa Las Americas and 15 minutes to the Internacional South airport.

More info.

Featured Properties

 

Villas del Palm-mar - Small complex of only 29 duplex properties, with 1, 2 or 3 bedrooms. Each house has its own sun roof terrace, and a private garage. The houses with 3 bedrooms have 2 equipped bathrooms, fully fitted kitchen, lounge, terraces and garden. The development will boast a pool in a landscaped garden. Located very close to the seafront.

More info.

Featured Properties

Costa Adeje - This stunning apartment has 2 big bedrooms with built in wardrobes, 2 fully fitted bathrooms, a fully fitted luxury kitchen, spacious lounge, and a separate sitting room with amazing sea views. The apartment has a great situation, lovely stylish furniture. The complex is residential and very quiet and has a heated communal pool area. Included is a parking space and a store room. 

More info.

Featured Properties

Terrazas Del Duque, situated between Hotel Costa Adeje Gran and Hotel Jardines Del Teide. The penthouse apartment comes fully furnished and has 2 bedrooms and 2 bathrooms, 1 parking space included in the price. Good situation with lovely sea views from the sun roof terrace. About 200 meters from beach of Bahia del Duque, Playa del Duque. Decoration and finish in a more modern style. 

More info.

Advice - Information

Buying Tenerife property - or property anywhere abroad - can be a nerve-wracking experience. Those who have spent time in Tenerife before returning to their homes in Europe often spend long months dreaming about buying a home in sunny Tenerife before reaching the decision to actually make the move.
 

Decision made, hopeful buyers then arrange a trip to Tenerife and often walk in off the street to the first estate agent office that they find or the one that happens to be closest to their holiday apartment. While some property buyers will be looking to move permanently others simply want to buy a holiday home that they can use for themselves and also let out for an extra income.

The principal reason people give for choosing to buy property in Tenerife is the island’s wonderful year-round climate. Whilst, initially, the property is bought for holiday use, many people also dream that they may one day retire here.
 

Having decided to look into the purchase of a property in Tenerife, usually by studying properties for sale in various Tenerife Estate Agents’ windows, a decision ultimately has to be made about what kind of property to buy, and where to buy. Many first time buyers therefore end up with an apartment near to where they stayed on holiday simply because that’s where the Estate Agent they liked best had their office! Later, these same people often wish they had looked at other locations before 'rushing in'.
 

However, over recent years, ever-increasing numbers of people are buying their properties having first informed them via the internet, following up their initial contact visiting Tenerife to have a look at a number of ‘suitable’ properties before making a decision. This process has become more and more refined over the last 2/3 years with more, and better, sites appearing with built-in Enquiry Forms.
 

We at Secondhome Tenerife will help you to find your dream property in the South of Tenerife. Our website www.secondhometenerife.com will help you to find the property you want in the area you want. In our next newsletter I will explain more about the buying process.


Corné Schreuder
Sales Director