Dominated by the imposing vision of Mount Teide, Spain’s tallest peak, Tenerife in the Canary Islands is a hugely popular tourist spot thanks to its year-round sunshine, myriad of sandy beaches, and bustling nightlife. Thanks to the highly desirable quality of life it offers, the island is also the foreign destination of choice for many people seeking a retirement home, apartment, villa, plot of land or investment property.
A picturesque view in a Tenerife town (Photo: Marc Veraart via Flickr / CC BY-ND 2.0)
One of the major advantages of Tenerife is that no matter where you reside you’re pretty much guaranteed 12 months of sunshine. This makes the island particularly attractive to northern Europeans whose summers are short and winters cold. The bustling south is the most popular choice to buy as this is the area that gets the hottest weather, but if you’re happier with slightly cooler temperatures and – crucially – are keen to avoid the tourist crowds, then the quitter and less developed northern expanses may have a greater lure.
For anyone wanting to purchase property on Tenerife, the good news is that there’s a huge amount of resources out there to help you navigate the process. One of the most important factors to bear in mind that is that on top of a property’s asking price, you’ll also be required to pay taxes and legal fees for the purchase. As a rule of thumb, you should budget for an additional 10 per cent of the property purchase price to cover these additional fees. Another essential is to instruct an independent, local-based English-speaking Spanish lawyer – preferably one with experience of assisting UK clients with property purchases. Below are three recommended companies for helping you find houses and villas for sale in Tenerife.
TPN Tenerife
First launched in 1998, TPN Tenerife rapidly grew to become one of the island’s most reputable property agencies. They offer a vast portfolio of residential premises, along with a comprehensive suite of services, all underpinned by expert knowledge, professionalism and personal integrity to help buyers complete one of their most significant financial investments. Customers are guided through the process from ‘A to Z’, including searching for suitable properties, pre-selection of visits, negotiations with the seller, multi-lingual preparation of all document and the presence in signing the deed with the notary. They also offer a full after-sales service, giving you peace of mind even after your purchase is complete.
Astliz Estate Agents
Another highly regarded locally-based agency, over more than three decades Astliz have gained a strong reputation for their honest and reliable service in helping customers navigate the entire property buying & selling process. Their dedicated English and Spanish-speaking staff are incredibly well versed in the workings of the Tenerife property market. The company has an extensive database of villas, houses, apartments and land for sale across Tenerife, both in the popular south west reaches of the island and beyond. Their wide range of services also include mortgage brokering, property insurance, legal and conveyance as well as car hire.
Tenerife Luxury Residences
Specialising in high-end properties located all across the island, Tenerife Luxury Residences work closely with Tenerife’s biggest construction developers. Their team of experienced and multi-lingual staff accompany clients from the very first day by offering expert financial and legal consultancy services, as well as any other intermediary help, guidance or support they require. What’s more, they also manage projects of redesign, redecoration, and refurbishment.