It is their last remaining unit and was on the market for 165,000€. They have knocked a whopping 50,000€ off!!! It is now 115,500€

BUT!!! We can also offer an exclusive discount of 4,000€ cashback upon completion. This makes it cheaper than any other estate agent offering this property and also cheaper than going direct to the developer at an amazing 111,500€

It is well situated in the popular Oasis del Sur area of Los Cristianos with the Royal Palm and El Mirador complexes a hundred yards or so away. This area is on the up and up and bars/cafes and restaurants in the area and doing a fantastic trade meaning there isn’t far to walk if you holiday here.

Many use these as their permanent residence, others stay for 3 to 6 months or more and let them out for the rest. They are well built, well finished and their is a thriving community in place.

This one will not be on the market long! First to notary secures the deal.

This is absolutely the lowest price we have seen on there at €154,950. In fact the developer sold their last remaining unit this year for €165,000 – unfurnished with no fixtures and fittings. This one comes fully and we mean fully furnished – you could literally move into it the day of the sale. Or, rent it out long term (approximately €650 per month) or short term (holiday lettings typically €350 per week).

The properties were built around about 2005-2006 so are still well within their 10 year construction guarantee. There are a few of them on the market with various agents but the prices are a lot higher – this really is a bargain!

It is an ideal rental, pefectly situated in the Oasis del Sur area of Los Cristianos next door to the Royal Palm complex with Dinastia apartments 30 or 40 metres up the road. the area has really come on in recent years and bars/cafes and restaurants in the area and doing a fantastic trade meaning there isnt far to walk if you holiday here.

There are no more new developments in this area and never will be, land is at a premium and prices here will climb steadily over the next 10 years. I would suggest anyone looking to buy on El Mirador do so now – once this is gone there are really no other options for getting into this market at such a low price. Good rental income, capital appreciation will be strong once economy recovers in early 2010, the apartments are sound with building guarantees and the sun shines on here all day long….

• Buy the this apartment for €154,950 cash (plus 10% costs, approx. €15,495)

Or

• With an 80% mortgage (€123,960) and €30,990 cash (plus 11% costs, approx. €17,050)
  Mortgage payments of approx €290 per month interest only or €510 per month capital repayment.
  
• Consult our Tenerife Mortgage Calculator for further details

A two bedroom apartment of 63m2 in the popular Canarian town of Cabo Blanco. We have said before but will say it again, your money goes so much further when you are buying from Spanish agents at “local prices”. These towns and villages are set on the periphery of the large resorts of Los Cristianos and Las Americas and a great place to pick up a cheap, well specced apartment to come here and live in.

These properties are a great purchase for those looking to relocate to Tenerife and are true credit-crunch busters. It has been a hell of a long time since you could pick up a quality 2 bed apartment in Tenerife that didn’t need completely gutted. We are talking STUDIO prices here so these represent truly outstanding value for money.

Cabo Blanco is a great base for a working family with easy access to the main resorts of Los Cristianos and Las Americas where many will be travelling into work. It also has good public transport links, bars and cafes and a large supermarket – always handy.

We have put together an exceptional mortgage deal on these apartments. Up to 40 years interest only at 65%. This means a mortgage of only 45,500€. The monthly payments will be an ultra affordable €115 per month!!! This is easily much cheaper than renting (although the rate is variable even if the Euribor shoots back up to last years high of 5.5% you will still only be paying €260 per month.

In addition to being great little family properties that wont break the bank, these will also make fantastic buy-to-lets given the ultra-low mortgage payments. Two beds of this standard in this area will bring in around €475 per month. Easy, low maintenance profit and the type of property that will make you a very decent capital return when the markets recover. Maximum lending on these is 80% and we have outlined the costs using an 80% mortgage below but for the money the 65% mortgages allow the best returns due to the full term interest only element.

• Buy the two bed for €69,990 cash (plus 10% costs, approx. €7,000)

Or

• With an 80% mortgage (€56,000) and €14,000 cash (plus 11% costs, approx. €7,700)
  Mortgage payments of approx €132 per month interest only or €230 per month capital repayment.
  
• Consult our Tenerife Mortgage Calculator for further details

Following on from our last listing which showed an amazing 3 bedroom bargain Tenerife property for 105,000€ we continue along the theme of finding the bargains outside of the touristic areas . Looking at the outlying Canarian towns such as Valle San Lorenzo and San Miguel de Abona we can find some very attractive reduced price property. Your money goes much, much further when you are buying from Spanish agents at “local prices”. Thankfully we have a number of Spanish agents who we work with so can bring these excellent prices to expatriate buyers.

These properties are ideal for families looking to relocate to Tenerife. The most common mistake people tend to make when moving to Tenerife is that they spend way too much money. The either use up far too much of their savings on a property or they take a mortgage whose monthly payments are far too high.

These Canarian towns can solve this problem – here we have a two bedroom apartment in the popular town of Cabo Blanco for only €88,000. Close to Wingate School, Cabo Blanco is ideal for a working family with easy access to the main resorts of Los Cristianos and Las Americas where many will be travelling to work. It also has good public transport links, bars and cafes and a large supermarket – always handy.

Obviously the main attraction is the low, low price which will leave you plenty of money tucked away in your savings account. Mortgage payments will be easily affordable – cheaper than renting in many cases and the properties will also make good buy-to-let investments. You can also pick up the one-bedroom apartment here for a mere €75,000 – a truly phenomenal price for a property of this quality. So what are you waiting for??!

Both of these properties are ideal for the long-term rental market. Two beds in this are will bring in around €475 per month and the one bed around about €400.

• Buy the two bed for €88,000 cash (plus 10% costs, approx. €8,800)

Or

• With an 80% mortgage (€70,400) and €17,600 cash (plus 11% costs, approx. €9,680)
  Mortgage payments of approx €170 per month interest only or €293 per month capital repayment.
  
• Consult our Tenerife Mortgage Calculator for further details

You want something even cheaper???

• Buy the one bed for €75,000 cash (plus 10% costs, approx. €7,500)

Or

• With an 80% mortgage (€60,000) and €15,000 cash (plus 11% costs, approx. €8,250)
  Mortgage payments of approx €145 per month interest only or €250 per month capital repayment.
  
• Consult our Tenerife Mortgage Calculator for further details

This will sell – and fast! Reduced property in Tenerife is what we like to focus on but this fantastic reduced price Tenerife property is in a class of its own. A snip at 105,000€. It is located in the Canarian town of San Miguel, close to Wingate school (handy if you have kids who will be going there) and a 5 minute drive from the  central hub of Las Chafiras.

This price is going to be very difficult to beat unless you want to buy a run down shack!. So whats the catch? Well we have been to see it and as far as we can see – there really isn’t one. The description is accurate, the property is spacious at 88m2.

The apartment itself is brand new, very nicely finished – the kitchen is particularly impressive. The doors and wood finishings are attractive and the area itself is peaceful yet convenient. A great example of the difference between “tourist prices” and “local prices”.

This property would be more suited to long term rental. It is low maintenance and would bring in a minimum of €550 per month. A good buy-to-let property and solid addition to any investment property portfolio.

• Buy for €105,000 cash (plus 10% costs, approx. €10,500)

Or

• With an 80% mortgage (€84,000) and €21,000 cash (plus 11% costs, approx. €11,550)
  Mortgage payments of approx €202 per month interest only or €350 per month capital repayment.
  
• Consult our Tenerife Mortgage Calculator for further details

If you thought that was a steal then this is even better. A 4 bedroom detached house on the same complex has just come up for a quick sale. The owner has knocked off another €100,000. So, what would you expect to pay for a 4 bedroom house in the middle of the south of Tenerife? €450,000? €500,000? What about €282,000!!!!

Thats a pretty unbelievable price. If you are sat waiting for the real bargains to appear and really want to pick up a distressed sale, take advantage of the credit crisis – this should be the kind of thing you are looking at.

It has been on the market previously for €450,000 so that is a massive saving of €168,000.

The villa rental market here is booming and this is well-placed and much sought after rental property on a popular complex. Long term rental is low maintenance and would bring in at least €1,400 per month for this type of house.

• Buy for €282,000 cash (plus 10% costs, approx. €28,200)

Or

• With an 80% mortgage (€225,600) and €56,400 cash (plus 11% costs, approx. €31,020)
  Mortgage of approx €560 per month interest only.
• Consult our Tenerife Mortgage Calculator for further details

You will not find an apartment of this type, at this price on any other website in Tenerife – this is a one of a kind offer!

These apartments have recently been sold for over 145,000€ and will value upwards of that figure. We thought we had found the best possible 2 bedroom apartment earlier this week with the distressed sale of the 2 bedroom apartment in San Isidro

That one is now on the market for 120,750€ – a bargain! BUT we have beaten that price and now have this one available for only 110,000€!!! This apartment is absolutely brand-spanking new and has never been lived in. The Biltmore complex in Las Chafiras is a great community and very popular with expatriates from many European countries. It has two communal swimming pools, sun lounger areas, elevators, security, controlled access and is close enough to pretty much everywhere you would want to go in the South of the island. What really sets these complexes apart though are the low community fees, they are less than a third of similar apartments and make a huge difference to your overall cost of living.

They are very popular long term rentals and given the amazingly low price of this one we are able to say once again this is “Buy-to-let positive!!!” Rental income on 2 bedroom apartments in this area varies between €550 and €750 per month, far higher than mortgage repayments:

• Buy for €110,000 cash (plus 10% costs, approx. €11,000)

Or

• With an 80% mortgage (€88,000) and €22,000 cash (plus 11% costs, approx. €12,100)
  Mortgage of approx *€238* per month interest only or €383 capital repayment.
• Consult our Tenerife Mortgage Calculator for further details

Originally reduced from 152,000€ down to 137,500€, the owner has reluctantly had to reduce the price again and really wants a quick sale. As such, it is now available at a knock-down 120,750€. Make no mistake – this really is a bargain.

Being valued upwards of €152,000 you will not find one cheaper than this, plus this is one of the sought after corner apartments. The open plan design has been well thought out, with lots of natural light and huge windows which give fantastic views in several directions.

The finishing is of a surprisingly high standard. Both bedrooms are full, double rooms and the master bedroom is en-suite with it s own jacuzzi and separate shower.

The entire area has had tens of millions pumped into it recently with a new access road leading directly to the south motorway. A brand new shopping mall has just opened in the town and there are now two large, national supermarkets present as well as plenty of bars, restaurants and other shops. Bar and restaurant prices are “local” rather than “tourist price” meaning you can live here very comfortably, eat out regularly etc without breaking the bank.

The beach resort of Medano is a 5 minute drive, straight down the road and is a nice place to visit at the weekends. The airport is a few kilometers East and Los Cristianos/Las Americas, 15 minutes to the West. The town is sizeable enough to support its own economy and continues to grow at a rapid pace giving a good 5 to 10 year exit strategy should you wish to sell on.

The apartment is fully furnished – you could move in immediately or rent it out. The rental market in this area is for long lets to young professionals, 30 somethings etc and this apartment will rent out for between 550€ and 750€ per month. This makes the apartment “Buy-to-let positive” – the rental income more than covers even an 80% repayment mortgage.

• Buy now for 120,750€ cash (plus 10% costs, approx. 12,750€)

Or

• With a 80% mortgage (96,600€) and 24,150€ cash (plus 11% costs, approx. 13,282€)
  Mortgage of approx *261€* per month interest only or 420€ per month capital and repayment.
• Consult our Tenerife Mortgage Calculator for further details

This property was valued at over €500,000, 3 years ago.

The owner is keen to sell and has reduced the price to €350,000 , a saving of €150,000.

The property is sold unfurnished – and in addition to the house there is a separate apartment which could produce Rental income.

• Buy for €350,000 cash (plus 10% costs, approx. €35,000)

Or

• With an 80% mortgage (€280,000) and €70,000 cash (plus 11% costs, approx. €38,500)
  Mortgage of approx €760 per month interest only.
• Consult our Tenerife Mortgage Calculator for further details

These apartments value at between €120,000 and €135,000 and are well worth a look. Up and coming area in a fully refurbished complex. This one is the pick of the bunch and is a real steal at only €87,500.

It is fully furnished – you could move in immediately or rent it out immediately. Rental income on 1 bedroom apartments in this area varies between €480 and €580 per month for long term and €2o0 to €350 per week  on the holiday rentals market.

• Buy for €87,500 cash (plus 10% costs, approx. €8,750)

Or

• With a 70% mortgage (€61,250) and €26,250 cash (plus 11% costs, approx. €9,625)
  Mortgage of approx *€175* per month interest only.
• Consult our Tenerife Mortgage Calculator for further details