Buying property in Tenerife 

 

Whilst in Tenerife it is inevitable that you will be made aware of the fact that there is property for sale in Tenerife. There are numerous people trying to get you to go and view timeshare and there is Tenerife property for sale in various new resorts and developments around the island.
What ever you do, don’t go and view a property after talking with them. If you are serious about finding out about property for sale in Tenerife go to a legitimate Tenerife estate agent. These people will offer incentives like free excursion tickets, trips, alcohol or other gifts. Once there you will be exposed to expert sellers who are used to getting even the most hardened tourists to sign on the dotted line. Remember you are not in your own country and the legal protection you normally expect will probably not apply. These people are experts and anything you sign will probably not include a fourteen day cooling off period, so don’t sign anything or you will probably regret it for a long time. Despite what the nice man says he is not really a nice man! Once you sign a contract it does not matter what you are told verbally by anyone.

There are numerous Tenerife properties available throughout the island and a large selection of luxury villas in Tenerife as in Gran Canaria and Lanzarote. Tenerife property sales are big business and there are lots of new developments in Tenerife and the other Canary Islands So don’t worry about missing out on the deal of a lifetime because there about to start building the next one. Pre-construction in Tenerife is also a popular way to sell property in Tenerife and in the UK. You get to see a show house or apartment and a plot of land and a lot of nice pictures and artist’s impressions.
Why not try before you buy there are a lot of long term rentals in Tenerife where you can stay for a few months to see if you actually want to move to the island or buy a holiday home here. Everything seems better when you are in the holiday mood and in vacation mode. Will you miss your friends back home, the food, the beer or Saturday football, it’s a big step moving to a different country.
If you are planning to buy to rent, make sure you pick the best place in Los Cristianos or Playa De Las Americas and not in a new complex in the middle of nowhere. Is it a family sized apartment or a smaller studio apartment you have then buy it in a family resort or an area nearer the nightlife for a smaller studio apartment. Don’t forget there is always property for sale in Tenerife and more and more people can buy to rent. You must be able to fill the apartment on a regular basis if you are to make money back on your investment. You will also need someone to manage it for you and handle cleaning and maintenance of it each time someone new wants to rent it.
The most important thing is to get YOUR own lawyer to handle all the details for you and not someone recommended by the property developer in the case of a
pre-construction in Tenerife deal and especially when the agent is only interested in a large commission cheque and not your interests.
If you see an advert at home for property for sale in Tenerife the incentives usually include cheap flights to Tenerife or even a free Tenerife flight. In return for the cheap or free flight to Tenerife you must view properties it’s not a cheap way to get a holiday. They will hassle you and give you the hard sell after all they have to cover the cost of your flight to Tenerife.
Do some research before you look for a company and make sure they are an honest reliable company before you take things any further than the initial phone call or brochure request. Try and trip them up with some awkward questions and see how they handle them. If they don’t get back to you before they have sold you something you can be sure that the after-sales service will be much worse.
Timeshare in Tenerife! What a great idea for the builders and sales people. You pay lots of money just for a weeks accommodation every year. Then you have to pay your share of the annual costs. Usually the annual costs are the same as just renting an apartment off someone else for a week, so why would you pay thousands of pounds to do this? You could end up next to the family from hell who have the apartment next to you. What happens if the airline that offers cheap flights to Tenerife that you relies on from your local airport stops flying to Tenerife or you can’t make it one year for your timeshare date? You can swap your timeshare but you can also just book somewhere different and still have saved thousands of pounds on your week in the sun!

Get a cheap flight to Tenerife book up accommodation yourself and if you like it do it again as often as you want. If you don’t get a cheap flight somewhere else don’t buy a timeshare.