Buying Property in Tenerife has many advantages to buying over in Mainland Spain.
The biggest advantage is the rental income that Tenerife Properties are able to generate. Rather than having a short peak-rental period, property in Tenerife can be rented out and is in demand all year round with the busiest months of the year being December into January.
There is a healthy and mature market for “swallows”, people who wish to come over to Tenerife and rent a property for 3 or 4 months between October and March. Year round rental income from an apartment or villa in Tenerife can significantly offset Spanish Mortgage payments on a property making property purchase much cheaper.
The range of properties in Tenerife is vast, from small apartments in old Spanish towns, to penthouse apartments on upmarket complexes to luxury villas on the coast,
If you are looking for solid rental income, there are very popular holiday complexes in Los Cristianos, Torviscas and San Eugenio where 1 bedroom apartments are very common. They are rented on a weekly basis although it is not uncommon to find people rent them for up to 12 weeks over the Winter months. Expect to pay from 100,000 – 200,000 Euros for a 1 bedroom apartment on a well maintained complex generating 40 plus weeks per year rental income.,Further afield areas such as La Caleta offer 1, 2 and 3 bedroom apartments and there are often a few houses for sale in this sought after, upmarket coastal village where currently an awful lot of new money and development is pouring in. It is sat just on the outskirts of the prestigious Golf Costa Adeje where you will find million Euro villas are plentiful. Both excellent places to purchase.
If you have a specific area or complex in mind, I can ensure you are getting the best value for money by checking everything that is available via each and every agent on the island, for that specific.
If you would like to register to be notified when such a property becomes available let us know and we can contact our extensive database of Tenerife Estate Agents on your behalf and notify you as soon as what you are looking for becomes available.
This will give you the best possible chance of purchasing a great rental property which you can use yourself for your own holidays.
We own several Spanish mortgage websites that cover clients buying throughout the whole of Spain. As such our experience of Spanish mortgages is vast and we are able to offer up to 70% finance for these types of apartments by way of a Spanish Mortgage.
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