Firstly why are we investing, is it for a new home, or a business venture. Buying to let can be a very profitable business with holiday makers arriving to the island all year round. Although we have seen a decrease in UK tourists, the Eastern Europeans are fast discovering the Canaries, and now the number one visitor to the island. This still keeps our buy to let market very favorable, and the opportunity to cash in on their new found wealth a reality. Property rents are still fetching high returns, paying the mortgage, and returning an exceptional investment.
If you are looking to buy a home, and relocate, then your necessitates will be different. Property in Tenerife can widely vary, and you can find a lot more for your money if you venture out into the local Spanish towns and villages, all brimming with culture, lovable people and great family values. The old are found happily congregating on the village corners and church squares, playing dominoes, laughing and chatting in the sun. The attitude of the young, still care and respect the older generation something we see little of in the UK. Locating a property in these charming villages is very attractive for those looking to start a new life.
If you have a family, then you need to consider the local schools, how far are the hospitals, where are the local amenities? All of these points will have a deciding factor when you are seeking your ideal property. Getting them right will save you thousands, getting them wrong could prove expensive.
Tate Properties relocation experts can help you find the right home or investment. Our customer after sales is renowned for the excellent service we provide. We can even help you into a profitable business, and find your dream home within your budget. Relocation to Tenerife doesn’t have to be a stressful experience. With the right team behind you, you can relax and take comfort knowing your life changing decisions are in safe hands.
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2 comments:
With all the doom and gloom, prices rising for some items, now has to be a great time to buy property, property prices in Tenerife must have fallen quite a bit by now.
What are the rental prices like in Tenerife though? Have they dropped or have they remained static? For long term and holiday lets?
Rental prices always depend on the location. If you ere looking at renting in the holiday resorts, they are still top prices. Just because the UK have tightened their belts, dosn't mean the rest of the world has. eastern Europeans are fast discovering Tenerife, and enjoying the islands with there new found wealth. Buy to let is still a favorable business, providing you list your properties with the right agents.
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