Of all the things which Tenerife offers its expatriate residents, the dependably good weather is right up there at the top of the list. Elsewhere in Spain might offer similar cultural charm, but mainland Spain can shiver through the winter right combined with the rest of Europe.
While the remainder of Europe grinds to some halt within blanket of snow, Tenerife remains warm with perhaps a brisk breeze to remind residents of colder climes back home. It’s no surprise then that so many people consider Estate Agent Tenerife to get probably the most desirable locations that to retire. The warm dry weather conditions are kind to old bones in fact for many years Los Cristianos was a popular place to go for convalescents to recuperate and gather their strength.
For people who do harbour a notion to maneuver to Tenerife 1 day, there are certain things that need be noted about buying property on the island. To begin with, although Spanish laws may look similar, they are certainly not necessarily exactly like those in the remainder of Europe.
One important thing to remember is that debts stick with the house; they are certainly not fixed to the previous owner. This means if the seller has run up 1000s of Euros in tax, community fees or utilities, these bills would accrue for the new owner unless they may be cleared before the sale undergoes. To ensure there are no nasty surprises the property buyer must request a Nota Simple.
In Spain, the document which corresponds to the Title Deed in the UK is known as the Escritura. This must be formalised by way of a Notary and then any Withholding Tax in case the seller not really resident in Tenerife must be paid in the Hacienda. As the estate agent will counsel you, Transfer Tax is 6.5% in the sale price except in the case of a whole new property where there will be 5% IGIC (Canarian tax) to cover and .75% Transfer Tax.
In which you have obtained a new property, you should pay 5% Canarian VAT (IGIC) and .75% Transfer Tax (ITP.AJD). Lastly, the newest buyer must have his name recorded at the land registry and all sorts of the bills then need to be transferred in to the name of the new house owner.
There are many things to watch out for when choosing Tenerife property, particularly that the property you might be buying is in fact legal. In some instances, houses that are on rural land may not be 100% above board. The Tenerife government is not averse to bulldozing illegal structures to the ground and fining the owners so it is very important that anyone thinking about buying Tenerife property seeks the recommendations and support of an experienced and professional Estate Agent Tenerife.
You will find all types of factors behind moving to Tenerife however the answer to settling successfully on the island is choosing the best accommodation. View the latest up-to-date Tenerife properties for sale on The Tenerife Property Guide.
There are far fewer properties on the market in Tenerife than there have been 3 years ago, why? Most property owners in Tenerife purchased to enjoy another home under the sun, a lot of those buyers had a lasting plan, and a lot looked forward to a continued development in property prices. This can also be attributable towards the Government limiting development way back in 2003 so there has not been an enormous oversupply of the latest properties being built in Tenerife. Also, we have seen many properties for sale withdrawn from your market in the past 12 months because those vendors do not need to market confused.
Once you learn anything about Tenerife you will likely already bear in mind that it provides one of the better climates on the planet and its unique Anglo-Canarian blend of culture makes it probably the most popular ekybpv
destinations on earth. Which is the main reason why people purchase a home in Tenerife.
Nowadays there are strong signals the property slump in Tenerife has bottomed out, so 2011 could see positive increase in property prices, why? Tenerife is fast becoming a Mecca for property buyers from Scandinavia, Russia, Eastern Europe along with other countries that have been less affected the world recession and they now see growth in their own individual economies. You will find no indications that Estate Agent Tenerife continue to be falling, perhaps it is because the marketplace has become maintained by a broader range of investors.