Of all the things that 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 most of Europe grinds to a halt under a blanket of snow, Tenerife remains warm with perhaps a brisk breeze to remind residents of colder climes back home. It’s unsurprising then that so many people consider Estate Agent Tenerife to get one of the most desirable locations to which to retire. The warm dry climate is kind to old bones in fact for many years Los Cristianos was actually a popular place to go for convalescents to recuperate and gather their strength.
For individuals who do harbour a notion to maneuver to Tenerife 1 day, there are some things which need be noted about buying property on the island. For one thing, although Spanish laws may look similar, they are not necessarily just like individuals in the rest of Europe.
Something to remember is the fact debts stick with the home; they are certainly not fixed for the previous owner. Which means in the event the seller has run up thousands of Euros in tax, community fees or utilities, these bills would accrue towards the new owner unless these are cleared ahead of the sale experiences. To ensure that there are no nasty surprises the house buyer must ask for a Nota Simple.
In Spain, the document which corresponds to the Title Deed throughout the uk is referred to as the Escritura. This has to be formalised by a Notary and any Withholding Tax should the seller not really resident in Tenerife needs to be paid in the Hacienda. When your estate agent will advise you, Transfer Tax is 6.5% from the sale price except in the case of a new property where you will see 5% IGIC (Canarian tax) to pay for and .75% Transfer Tax.
That you have purchased a new property, you will have to pay 5% Canarian VAT (IGIC) and .75% Transfer Tax (ITP.AJD). Lastly, the brand new buyer must have his name recorded at the land registry and all sorts of the bills then have to be transferred into the name in the new home owner.
There are other things to take into consideration when purchasing Tenerife property, particularly that this property you might be buying is actually legal. In some instances, houses which are on rural land will not be 100% above board. The Tenerife government is not really averse to bulldozing illegal structures to the ground and fining the owners so it is very important that anyone interested in buying Tenerife property seeks the advice and support of the experienced and professional Estate Agent In Tenerife.
You can find all kinds of reasons behind moving to Tenerife but the factor to settling successfully on the island is finding the right accommodation. View the latest up-to-date Tenerife houses for sale on The Tenerife Property Guide.
You can find far fewer properties on the market in Tenerife than there have been three years ago, why? Most home owners in Tenerife purchased to experience a second home under the sun, a lot of those buyers had a long term plan, and many looked toward a continued development in property prices. This will also be attributable to the Government limiting development in 2003 so there is not a tremendous oversupply of new properties being built in Tenerife. Also, we have seen many properties for sale withdrawn from your market in the past one year because those vendors do not require to promote confused.
If you know anything about Tenerife you will probably already remember that it offers one of the better climates in the world and its unique Anglo-Canarian blend of culture makes it probably the most popular ekybpv
destinations in the world. Which is the major reason why people purchase a house in Tenerife.
Now there are strong signals the property slump in Tenerife has bottomed out, so 2011 could see positive growth in property prices, why? Tenerife is quickly becoming a Mecca for property buyers from Scandinavia, Russia, Eastern Europe as well as other countries which have been less affected the world recession plus they now see growth in their own economies. You will find no indications that Estate Agent Tenerife remain falling, perhaps the reason being the market has become maintained by a broader variety of investors.