Of all the things which 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 within a blanket of snow, Tenerife remains warm with perhaps a brisk breeze to remind residents of colder climes home. It’s unsurprising then that so many individuals consider Estate Agent In Tenerife to be one of the most desirable locations which to retire. The nice and cozy dry weather conditions are kind to old bones in fact for quite some time Los Cristianos was a popular destination for convalescents to recuperate and gather their strength.
For those who do harbour a notion to move 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 not necessarily exactly like individuals in the remainder of Europe.
Something to remember is that debts stay with the home; they are not fixed towards the previous owner. Which means when the seller has run up thousands of Euros in tax, community fees or utilities, these bills would accrue towards the new owner unless they are cleared before 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 matches the Title Deed in the UK is known as the Escritura. This has to be formalised with a Notary and then any Withholding Tax if the seller not be resident in Tenerife needs to be paid in the Hacienda. As the estate agent will give you advice, Transfer Tax is 6.5% in the sale price except with regards to a new property where there will be 5% IGIC (Canarian tax) to pay and .75% Transfer Tax.
That you have purchased a new property, you should 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 the bills then must be transferred into the name of the new property owner.
There are more things to take into consideration when choosing Tenerife property, particularly that the property you happen to be buying is actually legal. In some cases, houses that are on rural land might not be 100% above board. The Tenerife government will not be averse to bulldozing illegal structures to the ground and fining the owners so it is vital that anyone interested in buying Tenerife property seeks the recommendation and support of the experienced and professional Estate Agent In Tenerife.
You can find all types of factors behind moving to Tenerife nevertheless the factor to settling successfully on the island is choosing the best accommodation. View the latest updated Tenerife houses for sale on The Tenerife Property Guide.
You can find far fewer properties on the market in Tenerife than there was 3 years ago, why? Most homeowners in Tenerife purchased to enjoy another home in the sun, a lot of those buyers had a long term plan, and a lot looked to a continued growth in property prices. This will also be attributable to the Government limiting development way back in 2003 so there has not been a tremendous oversupply of the latest properties being integrated Tenerife. Also, we have now seen many houses for sale withdrawn through the market in the past twelve months because those vendors do not require to promote at a loss.
Once you learn anything about Tenerife you will likely already be aware that it provides one of the better climates in the world and its unique Anglo-Canarian combination of culture makes it probably the most popular ekybpv
destinations on the planet. This is the primary reason why people buy 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 fast becoming a Mecca for property buyers from Scandinavia, Russia, Eastern Europe and other countries which were less affected the planet recession plus they now see growth in their economies. There are no indications that Estate Agent Tenerife continue to be falling, perhaps it is because the marketplace has become supported by a broader variety of investors.