- You only need to scroll down the page
and look at all these pictures to realise that Tenerife is
such a wonderful diverse island where there is something for everyone and
lots of variety to enjoy.
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- Here are just some of the reasons why
Tenerife continues to maintain its status as one of the most
popular destinations for UK holidaymakers, where they can find warm
sunshine, tropical beaches, great food and drink, wonderful scenery
and friendly locals, 52 weeks of the year:
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- Tenerife is the
most popular of the Canary Islands, a sub tropical group just off
the West coast of Africa and as such it enjoys great weather all the
year round, especially on the dry South West coast.
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- Tenerife enjoys
direct flights from many UK airports and it is only a short four
hour flight to this idyllic paradise.
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- Tenerife is a Spanish
protectorate enjoying special status within the EU and is currently
benefiting from huge EU investment in the infrastructure of the island.
Another important factor to consider is that the investment is safe
within an EU protected area and European Law.
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- It's really the combination of being a whole year
round paradise and the short flight from the UK that not only makes
Tenerife so popular with holidaymakers but also with
property buyers.
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- However, Tenerife is not the place to snap up
cheap property deals in the hope of making a quick profit on a rising
market. The Tenerife property market is well established
with property prices rising consistently every year and is a great
investment over a longer term. The taxes and costs of buying and
selling (around 10 to 12% & 8% respectively) prohibit quick profits
and mean that investments need to be for at least three years to show
a good profit.
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- The great advantage of buying
property in Tenerife is that it is possible to rent it
out the whole year round, attracting those holidaymakers seeking
winter sun. This means that the income from one apartment
in Tenerife would be the same as two apartments in
Turkey, Bulgaria etc. and don't forget that, wherever you are,
community fees etc. have to be paid all year round whether the
property is being used or not. Hence it makes much more sense to buy
holiday property in Tenerife where income comes all year
round.
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- It's certainly the potential all year round rental
income that makes Tenerife a great investment and this
has enabled many to buy their own holiday paradise home by taking a Spanish
mortgage and letting the rental income pay off the instalments,
thereby getting free use of their own apartment for several weeks per
year and eventually owning their own property.
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- Buying property in Tenerife
is also a great pension alternative, taking the rental income as a
pension, but remember, unlike a normal pension this doesn't stop when you
die, there is property in Tenerife to leave to your children
and grandchildren, after a lifetimes pleasure and income.
- If you have any further questions to ask
on this subject or wish to ask any other question about Tenerife
property buying, ownership, rental etc. then please email me at:
