Where do I Start?

We believe the Canary Islands are one of the best options, they continue to develop and are economically very stable. The seasons are minimal offering all year round summers and maximum property let potential. Property prices are stable, and although the market has slowed down,(as everywhere in the world has) it is still holding its value. Many of the properties in Tenerife have now been valued sensibly, and people in a position to purchase would find some extremely handsome deals available at this present time.

Mortgage rates remain lower than the UK, and 100% can be arranged. Although these types of mortgages can be more difficult to find they are still offered by high market banks, providing you can meet the set requirements. Interest only mortgages are still largely available, allowing you to settle into your new investment, and place it to let or resale. The property market in the Canary Islands can offer good solid investment with great potential growth.

Finding a well established agent, and building a good working relationship is essential and lots can be said by their websites. A good portfolio of property should be held with user friendly search tools to select possible properties. Building a good list of possibilities with the help of the agent should not be a daunting task. This is part of the relationship building you need in order to trust the working agents.

Tate Properties are only to happy to walk you through this whole process. Our professional sales team will invite you into their property portfolio with the right tools in mind. Understanding the client is essential to us, and aiding in their search, essential to our success.

We have developed the perfect property website, and search tools. Below is a useful tutorial video which will get you started on the road to overseas investment and property success.

Tate Properties talk Tenerife

Purchasing property in Tenerife is as straight forward as the UK, providing you find the right Estate Agent, who's established and has the experience you need. It’s pretty much the same process as the UK, give and take a few rules and regulations.

Firstly you need to decide on the reason you are buying, is it for investment? or a straight forward holiday home? Will you want to rent the property out, or keep it solely for yourself? These questions will certainly effect the location, and type of property you buy. Getting the plan right at an early stage and sticking to it, is a must. Do you intend to relocate or have a management company take care of the property for you? If relocation is the answer, then we also need to look at your necessities, like schools for children, local shops, complex or independent. Again, spending a few hours brainstorming will help tremendously, and save both yours and vendors time when viewing.
Once you have a set plan, and are happy with every angle of it, it’s time to begin your search. Finding the right Estate Agent will benefit you, and ensure your time is well spent looking at properties that fit your criteria. I have met many clients who have spent hours even days with agents, and have not been shown one property that ticked their boxes. If this begins to happen to you, my advice is walk away from them, as they are not interested in helping, only getting a sale. Of course, we all want the sale, but Tate Properties see you as a long standing investment. We want you to be happy with our services, and continue to help you with any other ideas you have. Once you have found a comfortable agent, you can then begin your search. Stick to your plan, and don't be swayed. There are lots of properties out there, and with the slowdown of the world’s economies, this is a buyer’s market. Find the properties that suit you, and your criteria, and get some history on them before you view. Knowing how long it’s been on the market etc, can help you with making good genuine offers. I suggest you view between 3-5 properties that suit your criteria, seeing more than this will often confuse you. Forgetting what was good about one and bad about another. If you get the early planning done as suggested, you will be picking exactly what you want, and have nothing more than taste to consider.
One you have chosen the perfect property, take a second viewing, after all we are purchasing a house not a new set of clothes. It’s ok to take a second look and re tick those boxes.

OK. Happy? Then let’s move onto the offer. As we previously stated, find out the history, knock the neibourgh’s door, they may speak or even be English. This is by far the best way to get the correct information and make some serious decisions. Once you’re happy, and you have the right figure in mind, it’s time to make that offer. I'm sure this will get batted about until both parties are happy, and when you are, its time to put the wheels in motion. This is where your Estate Agent becomes most valuable. If they have, like us, a full in house team, they will take care and explain every detail. Tate Properties prides itself on customers care, after sales, and the assistance of relocation. We can make your move or investment a wise one, hassle free and extremely rewarding.