Politics boosting the Pound

The likelihood of a defeat for Labour is positive for the pound. Euro zone economic data are uninspiring but not harmful to the euro.

Monday's €1.1250 opening proved to be too rich for sterling's blood and it quickly began to retreat. It traded below €1.11 on Tuesday, rebounded to €1.12 on Wednesday, fell back below €1.11 on Thursday and bounced yet again to €1.12 on Friday before retracing its steps downwards to open at €1.11 in London this morning.

The UK economy delivered some decently positive data. Two purchasing managers' indices, one for the manufacturing sector, the other for services, extended their progress into the 'expansion zone' above 50. The manufacturing PMI came in at 54.6, taking second place to the equivalent US measure. Services, with a score of 56.8, led the international field.

The Halifax house price index added 1% in December, putting it 1.1% higher than it was at the end of 2008. Factory gate prices went up by 3.5% last year, squeezing manufacturers who had to cope with costs rising twice as quickly over the same period.

But it was not the economic data that shaped sterling's performance, it was politics. News of an attempt to oust prime minister Brown sent the pound lower; confirmation that the coup had failed sent it back up again. Investors believe that a solution to Britain's spending gap requires a change of government.

As long as it looks as though Labour will be out of office by June they are inclined to be patient with sterling. And as long as Gordon Brown is leading his party into the general election they are confident that will happen.

The euro zone economy did not have much to shout about. Inflation ticked higher again, rising to +0.9% but still leaving it at less than half the target rate. Unemployment was up too, reaching double figures at 10% in November, its highest level for a dozen years.

Spain was one of the biggest culprits on the unemployment front with one in five out of work and 40% of young people looking for a job. Euro zone retail sales fell by a disappointing -1.2% in November after a less than inspiring +0.2% increase the previous month.

Sales were down by -4% compared with a year earlier. The second and final revision to third quarter gross domestic product confirmed that Euroland's economy grew by +0.4% in the third quarter of last year.

Investors will be keen, as ever, to hear what the European Central Bank has to say after its first meeting of the year on Thursday. No change is expected to its 1.0%

Refinancing Rate but ECB President Jean-Claude Trichet will doubtless vouch an opinion about what might lie ahead for the euro zone economy. Although he never predicts where monetary policy is going he frequently drops hints.

The pound has spent most of the last three months between €1.09 and €1.13. It starts this week comfortably within that range and showing no sign of wanting to escape. We therefore stick to the existing risk management strategy: Buyers of the euro should stick to a hedged position, locking into a rate for half the money they will need.

Merry Christmas from Los Cristianos Tenerife

Tate Properties based in the heart of the beautiful town of Los Cristianos would like to wish all of its customers passed and present a very Happy Christmas.

As the cold nights draw in, the smell of Christmas bustles through the streets of this beautiful picturesque town. The once quiet fishing village of Los Cristianos, is now bustling with fantastic property for sale, and beautifully set complexes, overlooking the sea, and beach fronts of the town.

Property for sale in Los cristianos is now an unbelievable investment, with prices at rock bottom, they will certainly not fall any lower, and will begin to rise as the world pulls through the Crisis.

Tate Properties also have some excellent rental properties available, and if you are looking for a long let property, we have some great properties on offer.

We have now also taken on some great business opportunities in Tenerife, and can help relocate any family, looking to emigrate to the island. We now have the whole package, with properties for sale in Los Cristianos, Businesses for sale in Los Cristianos and even Rental properties available today.

Why not call in and see us, we are located by the famous Los Cristianos Markets, above the shopping center. Our property consultants can help provide you with all of the solutions you are looking for.

Happy Christmas and a very Merry New Year.

Relocate to Los Cristianos

Tate Properties Tenerife have now completed their new Tenerife Relocation Package. We can now relocate you and your family to Tenerife, helping you to locate schools, Employment, new business ventures and property.

Each of our Relocate to Tenerife team will help with your emigration to Tenerife, the first step is to initially contact us and tell us your situation. After a consultation with the relocation team, we will place you with one of our best advisors. This person will look after you throughout the whole process, taking your hand, and helping you to unlock the doors of your future move.

The first step of the process is all about you, and your move, deciding on the important factors which will need to be addressed first. If you have family with children, we will first source the best schools in the areas you have been considering. You may not even have got as far as location, then our relocation team will talk to you about the best areas to suit your family, giving you the reasons why.

Are you bringing mom and dad with you? Its no problem, we will also consider any disabilities they may have and help you to find the best location for everyone. Relocating to Tenerife is much easier when you have a team you can trust, Tate Properties is that team.

The next step is to find employment, securing your families financial future. Our Tenerife relocation team have created a solid network and can help you into employment opportunities. We will first need a full consultation with you, and talk about past work experience, helping us to connect you to the right people. Our relocation team understands that your financial future is at risk with-out employment. The power of our network can have you placed into industry´s you know well, providing you meet the employees requirements.

Renting or purchasing property in Tenerife can be handled by our relocation experts. Our Tenerife property portfolio offers some fantastic deals at present, from family homes, Villas, Town houses to studio apartments for individuals. Our property portfolio covers the whole island, and any area you would like to consider. We will locate the best options for renting and purchasing, its not as stressfull as you think, especially when our team will do the searching for you. Tate Properties will start preparing viewings, arranging contracts, and complete your property purchase with in a few weeks. We have solid relationships with most banks in Tenerife, and can arrange fixed rate mortgages, interest only and in some cases 100% loan to value.

We can even take care of your pets travel arrangements, seeing the family dog into its new home. Along with our competitive removal experts Crownway International.

They will move your family possessions from door to door, and take care of all of the paperwork. Leaving you to sit back, relax and enjoy your new life in the sun.

Call our Tenerife relocation team today on 0034 922 787 717, they will be happy to take your call and begin your consultations.

It costs nothing to talk, so what are you waiting for......

Los Cristianos

When looking for property for sale in los Cristianos you need an estate agent that you can trust to look after your best interests. Tate Properties are an experienced Estate Agent specialising in los Cristianos property. Established in the Los Cristianos area, we have a wealth of experience and knowledge. Our dedicated and professional approach to our work has earned us a strong and highly regarded reputation for being the best for Los Cristianos property.

Los Cristianos is an ideal location for property investment or for finding that home in the sun. Situated just 15 km's west of Tenerife’s south airport, Reina Sofía, ensures a transfer trip of less than 30 minutes, making it an ideal spot for tourism and with its beautiful promenade full of restaurants, shops and bars it is easily one of the most popular resorts on the Island. Los Cristianos began as a local, quaint little fishing port with a few houses and a few bars. Twenty five years ago when the tourists started coming to Tenerife and Los Cristianos, Las Americas was built to accommodate them and soon Los Cristianos joined in the tourist boom.

However, Los Cristianos is a far more sophisticated resort to Las Americas.
There is a beautiful catholic church and many buildings in the area have managed to maintain their original typical Canarian architecture. By the Los Cristianos harbour, the old town is still present and although this has now become a major port with large cruisers, yachts and the Fred Olsen ferry and hydrofoil travelling daily to the islands of La Gomera, La Palma and El Hierro, the small fishing boats and trawlers can still be found here too.

Los Cristianos offers two long artificial beaches. Both are clean and very well kept and because they are manmade the sand is not as dark as can be found on other beaches

The beachfront here offers a wide range of bars, restaurants and cuisine along the promonade, not just British, but also plenty of traditional Spanish bars offering locally caught fresh fish, Tenerife specialities and Spanish tapas and the bars offer a variety of salsa, jazz, live bands and cover bands. The promenade itself is beautifully maintained and runs uninterrupted right along the coastline from one end of Los Cristianos to the furthest tip of Las Americas taking around two hours to walk.

Off from Los Cristianos’ town centre and stretching down to the port is the totally pedestrianised Avenida de Suecia, a labyrinth of streets and alleyways that is a shopaholics paradise. Clothes, food, jewellery, makeup, sports equipment, you name it, somewhere they will have it.
Los Cristianos is a small fishing village around which tourism has inevitably grown, but which has managed to preserve its own flavour and charm and Tate Properties is proud to be able to offer the prospective buyer a complete service from start to finish when purchasing Los Cristianos property.

Eurozone interest rates cut to 1%

FRANKFURT - THE European Central Bank cut its main interest rate on Thursday for the seventh and probably last time to a record low of 1.0 per cent to boost activity in the slumping 16-nation euro zone.

In London, the Bank of England left its main rate stable at a record low of 0.50 per cent but said it would pump more cash into the feeble British economy.

In Frankfurt, economists wanted to know how the ECB and its president Jean-Claude Trichet can boost bank lending further amid a deep recession.

'Eurozone interest rates might well have reached their trough, but further unconventional policy support should be announced later today,' Capital Economics economist Jennifer McKeown said after the decision was announced.

'After last month's hints that a decision on such measures would be made at this meeting, all eyes will be on president Trichet' at a press briefing 'to see just how bold (or not) the bank will be,' she added.

The decrease of 0.25 percentage points made for a combined cut of 3.25 points since early October to the lowest level in the bank's more than 10-year history.

In London, the Bank of England said it would pump out another 50 billion pounds (S$110.6 billion) of new money into the economy as Britain battled its own recession.

Other central banks cut interest rates in the Czech Republic and Iceland, following decreases on Wednesday by peers in Norway and Romania.

Eurozone economists turned quickly to what Mr Trichet might announce within a framework of so-called quantitative easing.

QE amounts to a central bank creating money to buy government or corporate debt with the goal of easing a dogged credit squeeze and spurring growth. The measure most likely to be announced is an extension of the ECB's unlimited cash loans to commercial banks beyond the current limit of six months, to nine or 12.

An expanded range of collateral accepted in exchange for ECB funds is another move mooted by many, but UBS economist Stephane Deo said such measures 'represent more of a prolongation of the past strategy than a step change.' Mr Trichet could also tell markets the new low rate will be maintained for some time, which would mark a sharp departure from previous refusals to 'pre-commit' on rate policy.

Tate Properties Tenerife.

See Our foreclosure List before the Banks!

With the dramatic fall in interest rates, savings held in banks are presently doing nothing more than keeping the doors open. Your savings are helping to fund the banks, and line the pockets of share holders. Without your savings, the banks would fall, and share holders would race to sell, looking for safer investments. So why is it, banks are now only giving us pennies and not pounds? If it's our money that is helping them, why are they not helping us? One thing you can be sure they are doing, is increasing their banking fees, tightening up on loans and charges, and waiting for you to slip up just once, so they can foreclose. Many shrewd investors have seen the credit crisis, as a valuable opportunities. Pulling their savings out of "Low Interest" savings accounts, and pumping it into valuable long term investments. What is a safe investment these days? well its still got be bricks and mortar. Property will always be here, the human race will always need it, unless we get nuked and have to live on mars. Castles built in the ages of old, are still here, and guess what, there worth a small fortune. So why do we keep our hard earned cash locked up in banks that would not even consider lending to us at this moment in time? Tate properties have some excellent connections, and have gathered a list of foreclosures, for people ready to buy. These properties are from burdensome people that the bank would not help, maybe you can. These properties are on the market at well below market value, and need to be sold fast before the banks greedy paws play foul. This is a time for financial war, against the bankers and financial experts who have run us into the ground. If you have savings, and would like to see our foreclosure list, before the banks, then contact us now. You maybe able to help another victim of this crisis, and keep the Bloody Banks away. Let's fight back, lets help those who need it, and laugh in the face of the credit crunch bankers. For more information on our Foreclosure Sales list, contact Phil at Tate Properties - 922 787 717

Credit Crunch Capitalism

The Euro zone chiefs met yesterday and confirmed another reduction in the Euro-bore interest rate. They have now lowered it from 4.5% in September to now just 2%. This reduction comes at a time when all countries are hitting recession. The USA are now experiencing 0% interest, something that I thought I would never see, from such a huge country once brimming with wealth. How the mighty have fallen, maybe the hand of God has taken a firm role, and tore down the fat cats pedestals, or maybe its just the work of crooks in bankers suits. We will never know, but what we are interested in, is how can we benefit from this economical downturn?
Well many would say we can't, put your money under your bed, and sleep on it every night. Your can't make interest on it anyway, so why should we give it to the banks to help pay Peter, and Paul. Others would say spend it, and enjoy it why you have it! But the clever investors of the world, embrace times such as recession, to mop up in the well of onlookers. They take there lump sums of cash from the crooked bankers, and begin to invest, extremely aggressively, in good old bricks and mortar. Knowing what they pay today, will be a fraction of what the property will fetch in say 10 years time. This is not for the quick sale fraudsters, their time has passed, and its now time for the challengeable investor to make his mark. When I say aggressive, I do not mean in the speed he will mop up his fortunes, I mean in the aggressive dealing techniques he will use to intimidate his vender, and purchase at the lowest possible price.
Property, will always be property, we will always be human, and always want some form of property to live in. So its a win win situation, they simply take from the worst situated venders financially, and sit on the property portfolio until countries once again bloom.
Tate Properties Tenerife have been sourcing out the venders who need to sell, and are only looking to repay their debts, off loading extremely valuable assets for ridiculous prices. Many people have spread their wings too far, and now the feathers are begriming to fray. Before loosing face, and becoming another statistic of the credit crunch, they are desperate to sell what they have and get the banks off their backs.
"We can source some extremely well located properties, at crazy prices" explains Phil Hornby their MD "It is only for the strength of our connections that we are exclusive to these types of deals, making huge financial gains to any prompt investor"
For further information on Credit Crunch Capitalism, why not contact the people who know!
Tate Properties Tenerife 902 881 061.

Interest Rates Cut to 2.5%

As expected, the European Central Bank has reduced interest rates by threequarters
of a percentage point to 2.5 per cent.
Prior to the announcement, some analysts were predicting an even bigger cut of
1 per cent.
This latest cut in interest rates by the ECB is the third in as many months, from a high of 4.25 per cent in September.
With fixed rate Tenerife Mortgages, this could be an excellent time for you to make a property in Tenerife yours!
Call us now for more details, and latest Tenerife property.
0034 922 787 717

Happy Christmas From Tate!

Tate Properties Tenerife are celebrating yet another Festive season in the sun. Tenerife's climate is guaranteed all year around, which makes the decision so much easier when choosing to relocate to Tenerife. Although Tenerife property has seen a fall in the last quarter, it is still holding well against many property markets of the world. Owning property in Tenerife for many residents and holiday home owners, offers more than financial happiness. It is of course as all bricks and mortar an excellent investment, especially if you can purchase property while markets are down. But it also becomes a place of sanctuary, a place you can always rely on, to be warm sunny and atmospheric. Spending time away from the hectic lifestyles full of stress and turmoil in the UK.
Property is now at an all time low, making it a real buyers market, and considering purchasing now, offers excellent opportunities. Our portfolio has some fantastic deals on Tenerife property, and also businesses for sale in Tenerife.
Simply pick up the phone or contact us via email, and we will talk you through the latest deals we have on offer, and explain the huge savings you can make purchasing through Tate Properties Tenerife.
Our experience in the Real Estate industry connects us to many Tenerife property constructors, and dealers, eager to off load some of their assets at rock bottom prices. We have a combined 20 years of experience with businesses in Tenerife, and can help to relocate you and your family into a new home, new business and prosperous new year.
May be you just want to wish the team in Tenerife a very happy Christmas, or thank us for helping you in the past, what ever you need you can be sure of Tate Properties Tenerife.

Economic Crisis Offer´s High Returns!

The economic crisis can be seen by many as a black hole in the worlds financial affairs. But the idea of pulling your money out of a banking system doesn't mean you have to hide it under your bed. Property in Los Cristianos is now a fantastic investment, with many vendors and property gamblers desperate for a sale. This can offer the novice investor a fantastic deal, with a much safer investment than the banks. Some Los Crisitanos property vendors have been holding on to their portfolio in the hope of a bright horizon. But now, with non in sight, are looking to off load much of their assetts at ridiculous prices. Tate Properties based in Los cristianos Tenerife has a valuable reputation for selling property in Los Cristianos fast. Many property investors know of our slaes success rate and have began to offer us some fantastic deals. If you have available cash, and are unsure of where to invest it, then a split between some of our outstanding deals could be a solid finaincial opputuinity. Yes, the markets at present are stagnent like the UK, with much media hype controlling their future. But they still always offer a great return to the long term investor. Some Tenerife property tycoons are ready to off load their assets at ridiculous prices, in order to save at very least their depsits. These gambling tycoons have spread themselves too thinly, in the hope of quick sales! We recently sold a 220´000 euros property for 90´000 euros, allowing the vendor to reclaim his deposit, and not fail the banks. These opportunities are now available, and if you have the investment, are safer in bricks and mortar, than they are in the worlds failing banking systems. Even with the injection of cash offered by the governments, the banks will still fail, and we will see more of them collapse. This is doom and gloom for the rich tycoons, as they watch the stocks and shares loose thousands every day. But for the average saver, wondering where to keep his cash, property investment is still top of the bill! To contact Tate Properties, call their Los Cristianos property Team and ask about the credit crunch property investments they have to offer. 0034 902 881 061 info@tate-properties.com

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Your First Steps to Relocation

If you have watched the news lately, you will see the increasing demand for relocation. The first destination being Australia, the second Spain. Relocation to Australia, is a mamouth task, flights are so long, and the possibility of family visits, far and few between. Thats fine if your looking for a good excuse to stay away from the mother in law. But if you have close family ties, its just not an option. Starting a new life so far from home can be a scary thought, but what about rethinking the second option, relocation to Spain.
The Canary Islands are only 4 hours from the UK, and offer eternal summers, with low cost living. Fuel is cheap, energy is cheap and rates are low, based on property size and location. The average wage maybe slightly lower, but the reduction in everyday living really does tip the scale. Income tax is lower than the UK at 15%, against the UK 40%, and your social security contributions are paid by your employer. This makes up for the lower wage, and leaves you with much more to spend on living. The Spanish, and Canarian motto's are simply "we work to live, not live to work".
With the location of the islands just off the coast of Morocco the islands are blessed with sunshine 356 days a year. Yes we do experience the rain, around Febuary, when for once in your life you can say your glad to see it. Then from around March to January, the climate stays around 24 degrees, a perfect living climate, according to the UK National Health Institute. Afternoons can be spent lazing around the pleasant beeches, or mixing with the locals experiencing the Canarian traditions. Fiestas are a must for Spanish culture, and living Spain means becoming involved with your village days of rest, streets fill themselves with decorations, and laughter is heard from the young and old. Children play happily, and are not wrapped in cotton wool or imprisoned from the rain.
Relocating is now a simple process, the Islands are part of the EU citizenship, making emigration here a breeze. A visit to the local town hall once your settled will provide you with a temporary residency, this is adequate for your first few months whilst you are building your new lifestyle. The main thing you will need is an NIE number, which is easily obtained from the local police stations. These numbers are your Spanish Identity, and you will need to produce it on many occasions when making purchases on property, cars, or anything that needs are registration certificate. You can get settled before worrying about tax, and treat your first few months as a trial and error situation. Its not so much making the right decisions, as finding the right people to help you. There are many people claiming they know the laws of the land, as they have been residing in the Canary islands for over 20years, problem is it was 20 years ago when they filled any paperwork in for themselves. The best advice is to find established companies, who can offer you the correct advice. If you are purchasing property, you should receive all the help you need from the estate agents. They will take your hand and make the experience of relocation a breeze.
Property in Tenerife, is very reasonable, and you will find you can get alot for your money, especially in the local villages, out of the main towns. We carry an extensive collection of properties for sale, and can also walk you through the whole process from your door in England, to your new life in the Canary islands. We will take all of your essential requirements into consideration when searching for properties in Tenerife, or the Canary islands. If you have family, we will find suitable properties and help enroll your children into local schools. We can recommend translators, banks, lawyers and also put you in direct contact with future employers.
If you have worked in the property industry, you could even explore the option of joining our team.
Relocation to the Canary Islands, is not such a huge move, its only 4 hours away from your family,leaving the options open for family visits every month. If you have close family ties, you may even find, like us, your family decide to make the move with you. Once you have experienced life in Spain, its hard to imagine ever moving back to the UK, and helping the government survive.

Just how easy is Relocation

Relocating to another country, can be a daunting subject, one that many people think is just to difficult to comprehend. And if you have enough negative people around you, will never become an option. The problem we all face when considering relocation is we can be too selfish with our own needs, to consider the prospect of moving countries. But as the UK continues to slow into rescission and has no immediate prospects for the future, relocation becomes a more favorable option.

Its not easy to leave everything and everyone behind you, but we don't have to talk about the other side of the world, when the Canary Islands are a paradise in themselves. They offer so much to so many different genres. Family's can settle in rural accommodation and enjoy a traditional family atmosphere. Young couples can find spectacular work prospect and evenings full of excitement. We have good schools and further education as good as anywhere in the world. Exploring the option of relocation to Tenerife really is something to consider. Although the housing market in the UK is struggling, there are still fantastic opportunities to be had in Tenerife. Properties have also declined in value, but only to sensible prices, as the market two years ago over priced itself. Banks are offering mortgages and is some cases we can find you 100%. The Euribor base rate is still lower than the UK, offering mortgages at a more attractive rate. It dose seem to alot easier to obtain mortgages here too, the banks are a little more flexible, and are not facing the problems you have in the UK.
Property here in Tenerife can range vastly, from studio apartments in the middle of Las Americas for as little as 75'000 pounds, to magnificent villas in the rural countryside. Every taste can be catered for, every person accommodated, and lifestyles can change. Traditions are a huge part of society here, remembering why we are all so happy. Fiestas are held almost every weekend in some part of the island, making every weekend a holiday.
Tate properties are relocation experts, and can offer confidential advice on the whole process. The team can talk you through the relocation to Tenerife, and find some excellent opportunities available with property on the island. Tate Properties are a well connected estate agent, and can even offer you help in finding a new career. If you have been in sales before, you may even end up becoming part of the team.
So in answer to the question, relocation can be as easy as Tate properties, thats all you need to change your life, and begin living your dream.

Living Tenerife!

Tenerife has many times been called the island of eternal spring. The weather here never really changes; it is blessed with a never ending summer. This summer feeling is felt drifting through the streets with people smiling and laughing as the sun shines down. A traditional Spanish island mixed with the Canarian culture, offering Spanish fiestas on all most every weekend. Living here, offers a relaxed lifestyle, with a no rush attitude towards anything. Children are able to grow and learn from their childhood, whilst parents can relax and watch them grow. The education facilities are superb, with state schools less demanding than the UK, concentrating on the child's learning abilities, not their attitudes. The younger generation grow with much stronger family values, respecting the old, and learning from them. There are also excellent private schools which will teach an English education, or even mixed. The university in la Laguna is one of the finest in Spain, and is just one of many further education options the island has to offer. The economy has grown strong with the help of the EU, and is still benefiting dramatically from grants to improve the whole infrastructures. This has now spread into the local Spanish villages, which are still brimming with attractive Spanish culture. Living here, can be what you want it to be. If you prefer the more hectic lifestyle of nights out, night clubs, or partying, then the local tourist resorts do not stop, and are alive 24/7. If you are looking for a more relaxed place to reside, the island had some fantastic residential locations, away from the hustle and bustle of the tourist world. We can relocate you to the areas that will benefit you the most. Offering you the lifestyle you are looking for. We can relocate you and your family, seeing your children into the right schools and neighboring facilities. If you have pets we can even help with their relocation too!

Locations in Tenerife

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.

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.