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 together with the rest of Europe.
While the remainder of Europe grinds to your halt under a blanket of snow, Tenerife remains warm with maybe a brisk breeze to remind residents of colder climes home. It’s no surprise then that a lot of people consider Estate Agent Tenerife to be just about 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 was a popular place to go for convalescents to recuperate and gather their strength.
For those who do harbour a notion to maneuver to Tenerife one day, there is something that need be noted about buying property on the island. For one thing, although Spanish laws may look similar, they are certainly not necessarily exactly like those who work in most of Europe.
Something to bear in mind is the fact that debts stick with the house; they are not fixed towards the previous owner. That means in the event the seller has run up 1000s of Euros in tax, community fees or utilities, these bills would accrue for the new owner unless they may be cleared prior to the sale undergoes. To ensure there are no nasty surprises the house buyer must request a Nota Simple.
In Spain, the document which matches the Title Deed throughout the uk is known as the Escritura. This has to be formalised with a Notary and then any Withholding Tax in case the seller not really resident in Tenerife must be paid on the Hacienda. As your estate agent will give you advice, Transfer Tax is 6.5% in the sale price except with regards to a brand new property where there will be 5% IGIC (Canarian tax) to pay for and .75% Transfer Tax.
In which 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 has to have his name recorded in the land registry and all the bills then have to be transferred into the name in the new home owner.
There are other things to take into consideration when buying Tenerife property, particularly that the property you might be buying is certainly legal. In some cases, houses which can be on rural land might not be 100% above board. The Tenerife government is not averse to bulldozing illegal structures to the floor and fining the owners so it is very important that anyone interested in buying Tenerife property seeks the recommendation and support of your experienced and professional Tenerife Estate Agent.
You can find all types of reasons behind moving to Tenerife but the key to settling successfully on the island is choosing the right accommodation. See the latest up-to-date Tenerife properties for sale on The Tenerife Property Guide.
You will find far fewer properties on the market in Tenerife than there was 3 years ago, why? Most property owners in Tenerife purchased to take pleasure from a second home in the sunshine, many of those buyers had a lasting plan, and a lot looked toward a continued growth in property prices. This may also be attributable for the Government limiting development back in 2003 so there is not a tremendous oversupply of the latest properties being built in Tenerife. Also, we have now seen many houses for sale withdrawn through the market in the past twelve months because those vendors do not need to promote confused.
If you know anything about Tenerife you will probably already be aware that it has among the best climates in the world as well as its unique Anglo-Canarian mixture of culture has made it just about the most popular ekybpv
destinations on the planet. Which is the major 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 development in property prices, why? Tenerife is quickly becoming a Mecca for property buyers from Scandinavia, Russia, Eastern Europe as well as other countries that have been less affected the entire world recession and they also now see growth in their own economies. You will find no indications that Tenerife Estate Agent remain falling, perhaps the reason being the current market is now maintained by a broader variety of investors.