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 together with the rest of Europe.
While most of Europe grinds to some halt under a blanket of snow, Tenerife remains warm with perhaps a brisk breeze to remind residents of colder climes back home. It’s no surprise then that so many people consider Estate Agent Tenerife to get one of the most desirable locations that to retire. The nice and cozy dry climate is kind to old bones in reality for quite some time Los Cristianos had been a popular destination for convalescents to recuperate and gather their strength.
For those who do harbour a notion to maneuver to Tenerife 1 day, there are certain things which need be noted about buying property on the island. For starters, although Spanish laws may look similar, they are certainly not necessarily the same as individuals in the rest of Europe.
One thing to remember is the fact that debts stick with the house; they are certainly not fixed to the previous owner. That means when the seller has run up 1000s of Euros in tax, community fees or utilities, these bills would accrue towards the new owner unless these are cleared prior to the sale experiences. To make sure that you can find no nasty surprises the house buyer must ask for a Nota Simple.
In Spain, the document which matches the Title Deed in the united kingdom is known as the Escritura. This has to be formalised by a Notary and any Withholding Tax if the seller not really resident in Tenerife must be paid at the Hacienda. As your estate agent will give you advice, Transfer Tax is 6.5% of the sale price except in the case of a new property where you will have 5% IGIC (Canarian tax) to pay for and .75% Transfer Tax.
That you have obtained a new property, you should pay 5% Canarian VAT (IGIC) and .75% Transfer Tax (ITP.AJD). Lastly, the new buyer must have his name recorded at the land registry and all sorts of the bills then must be transferred in to the name from the new property owner.
There are more things to watch out for when purchasing Tenerife property, particularly that the property you are buying is certainly legal. In some cases, houses that are on rural land may not be 100% above board. The Tenerife government will not be averse to bulldozing illegal structures to the floor and fining the owners so it is vital that anyone thinking about buying Tenerife property seeks the recommendation and support of the experienced and professional Estate Agent In Tenerife.
You can find all kinds of reasons behind moving to Tenerife however the factor to settling successfully on the island is choosing the best accommodation. Look at 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 3 years ago, why? Most homeowners in Tenerife purchased to take pleasure from an additional home under the sun, many of those buyers had a long term plan, and most looked forward to a continued growth in property prices. This will also be attributable to the Government limiting development back in 2003 so there has not been a tremendous oversupply of new properties being built in Tenerife. Also, we have seen many properties for sale withdrawn from your market during the past 12 months because those vendors do not need to market confused.
Once you know anything about Tenerife you will probably already be aware that it has one of the best climates on earth and its unique Anglo-Canarian mixture of culture makes it one of the most popular ekybpv
destinations on earth. This is the main reason why people purchase a property in Tenerife.
Nowadays there are strong signals that the property slump in Tenerife has bottomed out, so 2011 could see positive development 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 entire world recession plus they now see growth in their own individual economies. You can find no indications that Estate Agent In Tenerife are still falling, perhaps it is because the market is now supported by a broader variety of investors.