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 rest 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 individuals consider Estate Agent Tenerife to get one of the most desirable locations to which to retire. The warm dry weather conditions are kind to old bones actually for quite some time Los Cristianos was actually a popular destination for convalescents to recuperate and gather their strength.
For people who do harbour a notion to maneuver to Tenerife some day, there is something which need be noted about buying property on the island. For one thing, although Spanish laws may look similar, they are not necessarily just like individuals in the rest of Europe.
One thing to remember is that debts stay with the property; they are not fixed towards the previous owner. That means when the seller has run up a large number 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 experiences. To make sure that you will find no nasty surprises the home buyer must request a Nota Simple.
In Spain, the document which corresponds to the Title Deed in the UK is called the Escritura. This must be formalised by way of a Notary and any Withholding Tax should the seller not resident in Tenerife has to be paid at the Hacienda. As the estate agent will counsel you, Transfer Tax is 6.5% from the sale price except with regards to a brand new property where you will see 5% IGIC (Canarian tax) to cover and .75% Transfer Tax.
That you have purchased a new property, you will need to pay 5% Canarian VAT (IGIC) and .75% Transfer Tax (ITP.AJD). Lastly, the new buyer should have his name recorded at the land registry and all sorts of the bills then must be transferred to the name in the new home owner.
There are other things to watch out for when buying Tenerife property, particularly that this property you might be buying is actually legal. In some cases, houses which are on rural land might not be 100% above board. The Tenerife government is not averse to bulldozing illegal structures to the ground and fining the owners so it is vital that anyone thinking about buying Tenerife property seeks the recommendations and support of your experienced and professional Tenerife Estate Agent.
You can find all sorts of reasons for moving to Tenerife however the answer to settling successfully on the island is finding the right accommodation. See the latest updated Tenerife properties for sale on The Tenerife Property Guide.
There are far fewer properties on the market in Tenerife than there was 3 years ago, why? Most property owners in Tenerife purchased to experience a second home in the sunshine, a lot of those buyers had a long term plan, and a lot looked toward a continued growth in property prices. This will also be attributable towards the Government limiting development way back in 2003 so there is not a tremendous oversupply of brand new properties being integrated Tenerife. Also, we now have seen many properties for sale withdrawn from the market during the past twelve months because those vendors do not require to promote confused.
Once you learn anything about Tenerife you will likely already remember that it provides one of the better climates on the planet as well as its unique Anglo-Canarian mixture of culture has made it one of the most popular ekybpv
destinations in the world. This is the major reason why people buy a home in Tenerife.
Nowadays there are strong signals the property slump in Tenerife has bottomed out, so 2011 could see positive growth in property prices, why? Tenerife is quickly becoming a Mecca for property buyers from Scandinavia, Russia, Eastern Europe and other countries which have been less affected the planet recession and they also now see growth in their own individual economies. You will find no indications that Estate Agent In Tenerife are still falling, perhaps the reason being the current market has become maintained by a broader variety of investors.