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 some halt within a blanket of snow, Tenerife remains warm with perhaps a brisk breeze to remind residents of colder climes home. It’s no surprise then that so many individuals consider Estate Agent Tenerife to be probably the most desirable locations which to retire. The warm dry climate is kind to old bones in reality for many years Los Cristianos was actually a popular place to go for convalescents to recuperate and gather their strength.
For people who do harbour a notion to move to Tenerife 1 day, there is something that need be noted about buying property on the island. For starters, although Spanish laws may look similar, they are not necessarily the same as individuals in most of Europe.
Something to remember is the fact that debts stay with the property; they are certainly not fixed for the previous owner. This means if the seller has run up 1000s of Euros in tax, community fees or utilities, these bills would accrue to the new owner unless these are cleared ahead of the sale experiences. To make sure that there are no nasty surprises the house buyer must request a Nota Simple.
In Spain, the document which matches the Title Deed in the united kingdom is known as the Escritura. This must be formalised with a Notary and then any Withholding Tax should the seller not really resident in Tenerife has to be paid in the Hacienda. As your estate agent will advise you, Transfer Tax is 6.5% from the sale price except when it comes to a whole new property where you will have 5% IGIC (Canarian tax) to cover and .75% Transfer Tax.
That you have bought a new property, you should pay 5% Canarian VAT (IGIC) and .75% Transfer Tax (ITP.AJD). Lastly, the new buyer has to have his name recorded in the land registry and all of the bills then need to be transferred in to the name of the new house owner.
There are many things to take into consideration when buying Tenerife property, particularly that the property you might be buying is certainly legal. In some instances, houses that are on rural land will 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 very important that anyone interested in buying Tenerife property seeks the advice and support of the experienced and professional Tenerife Estate Agent.
You will find all types of reasons for moving to Tenerife however the factor to settling successfully on the island is finding the right accommodation. View the latest updated Tenerife properties for sale on The Tenerife Property Guide.
There are far fewer properties on the market in Tenerife than there were three years ago, why? Most home owners in Tenerife purchased to experience an additional home in the sun, many of those buyers had a lasting plan, and many looked toward a continued development in property prices. This will also be attributable for the Government limiting development in 2003 so there has not been an enormous oversupply of the latest properties being built in Tenerife. Also, we have now seen many properties for sale withdrawn through the market during the past one year because those vendors do not require to market confused.
If you know anything about Tenerife you will likely already be aware that it offers one of the best climates on the planet and its unique Anglo-Canarian combination of culture has made it one of the most popular ekybpv
destinations on the planet. That is the main reason why people purchase a house in Tenerife.
Nowadays there are strong signals that the property slump in Tenerife has bottomed out, so 2011 could see positive increase in property prices, why? Tenerife is fast becoming a Mecca for property buyers from Scandinavia, Russia, Eastern Europe and other countries that have been less affected the world recession plus they now see growth in their own economies. There are no indications that Estate Agent Tenerife are still falling, perhaps this is because the market is now maintained by a broader variety of investors.