Are you thinking about investing in property in Tenerife, or perhaps you are thinking of finally buying your dream holiday home in the sun? The process can appear daunting, so where do you start looking?
Then you have come to the right place. our Tenerife Property pages feature a wealth of information to guide property buyers and investors safely through the potential minefield of buying property in Tenerife. Here you will find articles and information on the entire property purchase procedure, things to consider when choosing an estate agent, issues regarding renting out your new property and more.
Tenerife Guru also hosts Tenerife’s premier global property search tool, providing you with a one-stop-shop search across multiple Tenerife estate agents, thereby avoiding the need to traipse around dozens of separate estate agency sites that often feature the very same properties. Our database automatically updates every day from the websites of our estate agent partners, so the properties you are viewing are always up to date.
Buying a Property in Tenerife
Many people dream of buying a property in Tenerife. Perhaps as a holiday home for the family, to rent out as a source of income, or perhaps simply to live in once they have made a permanent move to Tenerife to work or retire here. However, procedures...
Buying or selling Property - Should I use a Lawyer?
This is perhaps one of the most important questions to ask when buying a property in Tenerife. The answer is obviously YES! You are about to make what could be the second biggest investment of your life in a foreign country and in a foreign language,...
Choosing an Estate Agent in Tenerife
This long-established profession perhaps doesn't have the glossiest reputation around the world. Sadly, Tenerife is no exception to this tarnished image. The island is not helped by the fact that the industry is entirely unregulated in Spain. Whilst there...
Renting out your Property in Tenerife
There are two distinct categories of rented properties in Tenerife, namely ‘Residential’ and ‘Touristic’, both of which are subject to different laws. ‘Touristic’ lettings are basically defined as stays of less than 3 months, whilst ‘Residential’ lettings basica...
Finding a Property to Rent - Residents & Tourists
The following article covers those looking for both Tourist and Residential rentals: A: RESIDENTIAL PROPERTIES (Long lets of 3 months minimum duration or longer) Renting, as opposed to buying, is by far the most popular (and safe) way for ne...
Buying or selling Property - The Purchase Process in Tenerife
When buying property in Tenerife, it is strongly recommended to organise your finances before proceeding, particularly if you require a mortgage. Spanish banks are notoriously slow in processing mortgage applications, by which time you may have already...
Buying or Selling Property - Should I buy via a Limited Company?
Tenerife Solicitors often get asked for advice regarding this subject. In recent years, certain unqualified firms have been advising clients to purchase or register their property in the name of a limited company in order to minimise or avoid Inheritance...
Buying or selling property - Underdeclaring the purchase price
Until quite recently, under-declaring the real sale price of a property was a national sport in Spain and was particularly popular in Tenerife. Essentially, a lower price was declared on the official paperwork and the balance typically changed hands in...
Buying or selling property - Plus Valia Tax
UPDATED: 18th February 2021 Plus Valia is a tax imposed by the local Town Hall (Ayuntamiento) upon the sale of a property. Broadly speaking, it is a tax on the notional increase in value of the relevant plot of land. The formula used to calculate the...
Buying or selling property - Buying Off Plan (New Build)
Although new building projects have slowed significantly since the late 1990's and early 2000's, there is still a fair amount of development, particularly in the luxury end of the market. For many of us dreaming of our first holiday property, buying...
Legalising Building Work in Tenerife
Whether you are considering the purchase of a resale property, or indeed refurbishing/extending a property you already own, care must be taken to ensure that the works are carried out legally. Failure to do so can lead to fines and even a demolition order...
Tourist Rental Law Update 2020 - Can you Rent your Property to Tourists?
UPDATED 6th July 2020 Those reading English language newspapers and internet blogs in Tenerife over the past few years may be familiar with articles discussing the law applicable to tourist rentals. However, many people are still confused and unclear...
BREXIT UPDATE - Restrictions on UK Nationals buying Non-Urban Land in Tenerife
BREXIT UPDATE for UK Nationals buying Property in Tenerife after January 2021 - Pitfalls and procedure when buying non-urban land. Last updated: 18th February 2021 Brits looking to purchase property or land in Tenerife that is classed...
HOME WORKING - The latest trend driving the Tenerife Property Market
Despite the negative effects of the Covid-19 pandemic on the property market as a whole, Tenerife's property market is experiencing substantially increased interest in 2021. There are various contributing factors towards this uptick in interest....