What You Need to Know... Buying a property in Spain is a significant investment, and recent headlines about a proposed 100% tax on property purchases by non-EU nationals have raised concerns among many potential buyers.  While the announcement has stirred up debate, it’s important to look beyond the sensationalism and understand the context, implications, and feasibility of this...

La versión en inglés está aquí. The English version is here.En el artículo del mes pasado escribí sobre cómo las Islas Canarias son realmente los diamantes de la corona de España. Hice mención de una idea que el gobierno de las Islas Canarias podría hacer compradores de propiedades. Sugerí que si la gente que quiere venir a vivir aquí, podrían pagar por el privilegio que podría...

El enlace para la version español está aquí…The Spanish version is here In last months article I wrote about how the Canary Islands are really the diamonds in the crown of Spain. I made mention of an idea that the government of the Canary Islands could make property buyers. I suggested that if people that want to come and live here, they could pay for the privilege which could increase...

If you’re considering purchasing property in Tenerife, you might be asking yourself "can I get a mortgage in Tenerife?" In this video Simon explains some of your financing options.Spanish mortgages provide an opportunity for both residents and non-residents to secure funding for their dream homes in this beautiful Canary Island. Whether you're eyeing a cosy apartment by the beach or a spacious villa...

When purchasing a property in Tenerife, it's essential to understand the details regarding furniture and included items. In most cases—about 98-99% of the time—the furniture you see during viewings is included in the sale. This means that the majority of furnishings will remain in the property, while the sellers will typically take their personal...

When owning a property in Tenerife, having adequate insurance is highly advisable. This applies to both homeowners and apartment residents. While most communities provide some level of insurance for common areas, it’s crucial to secure your own policy to protect the interior of your property. Many people think of insurance primarily for theft protection, but it serves a broader purpose. For instance,...

When purchasing property in Tenerife, one essential requirement is having a valid energy certificate. This certificate is crucial, as it provides information about the property's energy efficiency and environmental impact. The notary will not sign the transaction paperwork without this document, making it a vital part of the buying process. It's worth noting that the energy certificate may already be...

Completion day is an exciting milestone in the property buying process in Tenerife. On this day, you or your appointed power of attorney will visit the notary's office to finalise the purchase. It's essential to have your lawyer present, as they will assist in signing the necessary paperwork to confirm the transaction. During the completion process, all funds will be transferred, which marks the...

When navigating the process of buying or selling property in Tenerife, understanding the role of a notary is crucial. A notary acts as a neutral intermediary between the buyer and seller, providing an essential service that ensures the legality and accuracy of the transaction. Notaries are appointed by the government but operate independently, which allows them to maintain neutrality in the process....

If you're selling a property in Tenerife there are several important taxes you need to be aware of to ensure a smooth transaction. First, and you are not a fiscal resident, you must pay three percent of the sale price to the Agencia Tributaria, which is a tax applied to non-fiscal residents. In addition to this tax, you will also need to pay the Plusvalía tax, which is based on the increase in value...

When purchasing property in Tenerife, it's essential to be aware of the taxes and fees associated with the transaction. The primary tax you will encounter is the Impuesto de Transmisiones Patrimoniales (IPT), which is currently set at six and a half percent of the property's purchase price. In addition to the IPT, there are other costs to consider, including land registry fees, notary fees, and lawyer...

If you're considering renting your property in Tenerife, it's essential to be aware of the legal requirements and best practices to ensure a smooth rental process. First and foremost, you must obtain a VV license for vacation rentals, and ensure your property is located in a compliant area. In some cases, you have the option to manage the rentals yourself, but often it's required to work with a...

When selling property in Tenerife, it’s important to understand that the estate agent's commission is typically paid by the seller. This fee is a percentage of the final sale price and is agreed upon in the listing agreement between the seller and the estate agent. Understanding the commission structure can help sellers effectively plan their finances and ensure a smooth selling process. If you have...

As a property seller in Tenerife, it's essential to understand the implications of buyer deposits. When a buyer places a deposit on your property and you subsequently decide to pull out of the sale, the deposit will be returned to the buyer. Moreover, the buyer is also legally able seek compensation from you for the same amount as a reimbursement for the time lost during the buying process. This...

Once you sign a reservation contract for a property in Tenerife, it's crucial to understand the implications of this commitment. If you decide to pull out after signing the contract, you risk losing your deposit. To avoid any financial setbacks, it's essential to be 100% certain that you have the necessary funds in place and that you genuinely want to proceed with the purchase of the property. This...

When purchasing property in Tenerife, your lawyer plays a crucial role in handling various administrative tasks that come with your new home. Typically, the fees charged by your lawyer will include essential services that help ensure a smooth transition of ownership. One of the primary responsibilities of your lawyer is to communicate with the town hall to register you as the new owner of the property....

Once you've found the perfect property in Tenerife and are ready to proceed with the purchase, the next step is to sign a purchase contract. This essential document serves to reserve the property for you, ensuring that it is taken off the market while you finalise your arrangements. At this stage, you will typically be required to pay a 10% deposit. This deposit not only demonstrates your commitment to...

When purchasing property in Tenerife, it's essential to understand the associated buying fees. These fees typically consist of IPT, or Impuesto de Transmisiones Patrimoniales, which is a property transfer tax (also known as land transfer tax). In addition to the IPT, you'll need to budget for several other costs, including your lawyer's fees, notary fees, and land registry fees. Together, these...

If you own property in Tenerife, it’s crucial to establish a will. While the cost of creating a will is relatively low, the potential complications and aggravation that can arise without one are significant. Having a will ensures that your wishes are clearly outlined regarding the distribution of your property and assets after your passing. This legal document can help prevent disputes among heirs...

When considering a property purchase in Tenerife, you might find that the property has outstanding debt. While this may sound concerning, it’s not the end of the world. As a knowledgeable real estate agent, I can assure you that navigating this situation is manageable with the right support. Your lawyer will conduct thorough due diligence to uncover any records of outstanding debts associated with...

If you're planning to buy a property in Tenerife and your home country does not use euros, you will need to exchange your funds for euros. Banks often charge high fees for currency exchange, which can significantly increase your costs, therefore, we always recommend using a foreign exchange company for more favorable...

When you buy an apartment in a complex in Tenerife, you're essentially purchasing a share of the company that owns the complex. Your title deeds will indicate your ownership percentage— for example, you might own 0.02 of the entire complex. This ownership structure also plays a key role in calculating your community fees, which are essential for maintaining shared amenities and...

A rent-to-buy arrangement allows you to rent a property for a specified period and then purchase it at the end of that term. This process typically involves putting down a lump sum deposit, making monthly rental payments, and then paying a final lump sum when you decide to buy the property. While rent-to-buy options are available, they are not very common in Tenerife. Most property owners prefer to...

When it comes to buying property in Tenerife, many people are surprised by how quickly the process can be completed. The fastest property deal I’ve experienced—from the moment someone says "yes" to actually receiving the keys at the notary—took just seven working days. In fact, it could potentially be completed even sooner, thanks to the efficiency of electronic...

If you're planning to buy a property in Tenerife, one of the first steps you need to take is obtaining an NIE number. The NIE (Número de Identificación de Extranjero) is a fiscal registration number essential for non-Spanish residents engaging in financial transactions in Spain. Whether you are signing a rental contract, purchasing a car, or, most importantly, buying property, you will need an NIE...

If you’re planning to buy property in Tenerife, having a local bank account is essential. Managing your bills and expenses will be much easier with a local account, as you’ll have various payments to handle regularly. Here’s why opening a bank account is crucial for new property owners in...

If you're considering buying or selling property in Spain, using a power of attorney can greatly simplify the process. A power of attorney (POA) allows you to authorise someone to act on your behalf, which is especially helpful if you're managing the transaction from another country. First, when preparing your power of attorney, it’s essential to have it notarised by a qualified notary public....

One of the most exciting moments when buying a property in Tenerife is receiving the keys to your new home. But when exactly does this happen? You get the keys to your property once the purchase is completed at the notary. The notary appointment is the final step in the buying process, where both the buyer and seller sign the deed, officially transferring ownership of the property. Once all legal...

When buying property in Tenerife, it’s crucial to ensure that your deposit is held securely. In my opinion, the best way to safeguard your funds is to have your deposit held by a qualified lawyer. This approach provides several benefits and protects your investment throughout the property-buying...

Why Hiring a Lawyer is Essential When Buying Property in Tenerife Buying property in Tenerife is an exciting investment opportunity, but it comes with its own set of challenges. To ensure a smooth transaction and protect your interests, hiring a qualified lawyer is not just advisable—it's essential. Here's why you should consider legal assistance when purchasing real estate in...

Selling a property in Tenerife can be a rewarding experience, but understanding the costs involved in the selling process is crucial for a successful transaction. This guide outlines the essential expenses to consider, ensuring you are well-prepared for your sale. Key Costs When Selling a Property in...

If you're considering buying property in Tenerife, it’s vital to understand the complete financial picture. A common mistake is to only consider the purchase price; however, you should budget an additional 10% on top of the listed price. This extra amount will help cover essential costs and ensure a smooth transaction...

When considering where to buy property in Tenerife, the best place ultimately depends on your personal preferences and lifestyle. While certain areas, like La Caleta and Bahia del Duque, are often regarded as premium locations with higher property values, Tenerife offers a diverse range of neighborhoods, each with its own unique charm and...

The English version is here…la versión inglés está aquí. Oh, Tenerife es un lugar lleno de jóvenes emborrachándose y teniendo sexo en la playa, NO... ¡NO ES ASÍ! Desafortunadamente, así es como piensan muchas personas que consideran Tenerife como un destino de vacaciones en la isla. Es lo que ha provocado que muchos visitantes potenciales se abstengan de venir aquí para...

El enlace para la version español está aquí...The Spanish version is here Oh, Tenerife is all youngsters getting drunk and having sex on the beach, NO…IT’S…NOT!  Unfortunately, this is the way that many people who consider Tenerife as a holiday destination think of the island. It’s what’s caused many potential visitors to shy away from coming here for a break. Listen,...

Introduction to Spain's Golden Visa Program Spain offers a visa as a gateway for investors seeking “The Spanish Way Of Life” and economic benefits.  The Golden Visa is one way for non-EU nationals to gain residency in Spain, hence avoiding the 90/180 day rule and being able to have freedom of movement throughout Europe and EU countries. In this article I’ll describe how to get a...

Tenerife Property Market Analysis: July 2024 In this article, we’ll explore the changes in the Tenerife property market, focusing on comparisons between July 2024 and July 2023, as well as a month-on-month comparison between June 2024 and July 2024. By examining these trends, we aim to provide a comprehensive overview of how the market has evolved over the past year and within the last...

The Canary Islands are at a crossroads. Trying to balance the need for tourism with the preservation of local quality of life and sustainability of the Islands themselves. New laws and regulations will aim to manage tourist accommodation more effectively but recent local protests and official statements are highlighting the ongoing debate over the future of tourism here in Tenerife and the...

https://youtu.be/tqrEyuTGaI0 Tenerife Property Market Overview - November 2023 Comparison Between November 2022 and November 2023: Arona area: Property prices increased by approximately 20%. Los Cristianos: Prices rose by around 13% over the last 12 months. Adeje: Property prices increased by about 26% in the last year. Costa Adeje: Prices increased just under 20% from November...

Navigating the 90-Day Rule: Exploring Options for Extended Stays in Spain and what the future may bring. Understanding the 90-Day Rule: - The Schengen Area, comprising twenty-seven member states like Spain, France, Germany, Greece, Belgium, and Croatia, offers freedom of movement. Post-Brexit, Britons are now considered third-country nationals and are subject to the 90-day rule, restricting them to...

https://youtu.be/JQKbKQ64br8?si=FXVTh9Upl3lmP3_r Tenerife Market Update: October 2023 In this update video, we'll delve into the intriguing shifts in property prices from October 2022 to October 2023, exploring both meter squared asking prices and actual sale prices. Additionally, we'll scrutinize the month-to-month changes between September 2023 and October 2023. Year-Over-Year Price...

https://youtu.be/9zLZRKMjPvM Tenerife Property Market for September 2023: What You Need to Know We'll check out the Tenerife property market for September 2023 and compare it with September 2022 and August 2023. This way, we can see how it has changed over the past year and month. Year-on-Year Price Changes In the last 12 months, property asking prices have gone up by 21.2%. In Los...

https://youtu.be/nFc2PPqG2jk Here's a summarized list of significant and interesting points from the article: Yearly Erosion (July 2022 - July 2023): Area of erosion saw a 17.1% increase over a 12-month period. Los Cristianos reported a 20% increase over a 12-month period. The whole area of cost ec witnessed a 33% increase. A 25.5% increase was noted for cost ec. Month-to-Month...

In this month's market snapshot, we're going to be having a look at the difference in asking prices between May 2023 and June 2023. And also we'll be looking at the difference in prices between June 2023 and June 2022. https://youtu.be/9uxR2bw7-q8 So don't forget, I do these every month.  I take the figures from the same sources every month.  So although they may not be exact, it's...

No. Question Answer 1 What is a Currency Exchange Company? Currency exchange companies are businesses that allow customers to trade one currency for another. - More info here 2 How do Currency Exchange Companies Work? Currency exchange companies operate by trading in currencies. - More info here 3 How Do Currency Exchange Companies Make Money? Currency exchange companies primarily make money...

Tenerife Property Group have been using Currencies Direct since 2014 and in all of that time, I’ve got to be honest, they’ve made one client unhappy, having said that, the problem was rectified to the client’s total satisfaction within 48 hours. Currencies Direct are highly recommended and as they have an office locally, it’s so easy to take our buyers and sellers there so that they feel more...

In today's interconnected world, transferring money across borders is a common requirement for both individuals and businesses. However, if you've never done it before, the process might seem intimidating. This article will guide you through the steps involved in transferring money internationally. The first step in any international money transfer is to choose a service provider. This could be a bank,...

In a world of increasingly global transactions, many individuals and businesses turn to currency exchange companies. However, with so many options available, how do you compare them to choose the one that best suits your needs? This article aims to guide you through the process of comparing currency exchange companies. The first step in comparing currency exchange companies is understanding your needs....

Whether traveling, conducting international business, or sending money abroad, you'll likely need to convert your home currency into a foreign one. Banks and currency exchange companies play a role here, but what exactly differentiates these two types of institutions? This article aims to inform you of the key distinctions. At the most basic level, both banks and currency exchange companies...

Currency exchange companies play a vital role in the global economy, facilitating the conversion of one currency into another for businesses, travelers, and expatriates. However, like any financial transaction, using a currency exchange company involves some risks. This article will highlight the key risks and suggest ways to mitigate them. The first and most apparent risk is the fluctuation of...

Currency exchange companies play a crucial role in facilitating global transactions by converting one currency into another. Given their significance, it's natural to wonder how these companies are regulated to ensure fair and transparent operations. This article will delve into the regulatory environment surrounding currency exchange companies. Currency exchange companies, like any other financial...

Currency exchange rates serve as a critical barometer of a nation's economic health and are a fundamental aspect of international trade. For businesses and individuals engaged in global transactions, knowing how these rates are determined is crucial. This article will break down the factors that influence currency exchange rates. Currency exchange rates, sometimes referred to as foreign exchange rates...

Currency exchange companies, sometimes known as foreign exchange bureaus, are essential bridges in the global economy, enabling the flow of capital across borders by converting one currency into another. While the utility of these companies is apparent, their revenue model might not be as obvious. This article aims to shed light on how currency exchange companies make money. The primary sources of...

Currency exchange companies, also known as foreign exchange companies or bureaus, play an integral role in the global financial ecosystem. They provide a platform for converting one currency into another, enabling international transactions for individuals and businesses. But how do these companies work? This article will demystify the operations of currency exchange companies. Tenerife Property Group...

A currency exchange company, also known as a foreign exchange company, is a business that facilitates the conversion of one currency into another. These companies play a critical role in the global economy, making cross-border transactions possible, and fostering international trade and tourism. At its most basic, a currency exchange company offers services for businesses and individuals who need to...

As we delve into the dynamics of the Tenerife property market for May 2023, we'll look back at the landscape in May 2022 and April 2023 for a richer perspective. By maintaining a consistent data source for the property figures each month, we strive to present you with the most accurate insights on emerging trends and changes in the market. Throughout this period, Tenerife's real estate market has shown...

https://youtu.be/OQOWXnFLOec In this video we're going to look at the property market for May 2023 in comparison to May 2022, and also to May and April 2023.  So we'll have a month or month comparison and a year on year comparison as well.  I do this every month, so if you're interested, maybe you want to subscribe to this channel and then you'll get a notification the next time one...

Here are my insights on the recent market snapshot figures for April 2023. In Spain, it can be quite challenging to obtain precise data regarding property prices and sales figures. However, by consistently utilizing the same dataset, we can observe the fluctuations in property prices. When comparing year-on-year data, we see an increase in property sale prices ranging from 13% to 28%, depending...

Savor the Luxurious Culinary Landscape of Costa Adeje in Southern Tenerife A sun-soaked paradise nestled in the Atlantic Ocean, Tenerife, the largest of the Canary Islands and particularly its southern coast, the area of Costa Adeje, is a haven for luxury-seeking travelers with its pristine beaches, world-class hotels, and unforgettable culinary experiences.  Allow us to lead you on a journey...

https://youtu.be/aiifX3gSK-4 Here are my thoughts on the market snapshot figures that I put out recently for April, 2023. Don't forget, it's always very difficult to get concrete figures in Spain about property prices, sale prices and that sort of thing. But I feel that if I keep using the same data set, then we are going to see the rises and falls of the property prices. So as we can see...

If you're dreaming about owning your own place in the sun in Tenerife, but you're not an EU national, you may be thinking to yourself, "Can I buy a property in Tenerife even though I don't live in the EU?" You're in luck! The answer is a resounding "Yes!"  Maybe you’re a British or US citizen, in this short guide, we'll break down everything you need to know about buying property in Tenerife as...

Melvin Villarroel Roldán, a Spanish architect, has captivated the world with his exceptional architectural designs that seamlessly merge with their surrounding environment. Born on August 4, 1940, in La Paz, Bolivia, Villarroel carved a unique space for himself in the architecture world by fusing art, functionality, and harmony with nature in his creations. Early Years and Training: Melvin...

Costa Adeje, situated on the southwestern coast of Tenerife, has experienced significant development since the late 1960s.  Once a coast with a selection of small fishing villages, thanks, in a large part, to the vision of Santiago Puig and Noelia Afonso Cabrera, it has grown into a bustling tourist destination known for its sumptuous and opulent hotels, outstanding luxurious villas, stunning...

Located in the southwestern part of Tenerife, the largest of Spain's Canary Islands, Costa Adeje is a highly sought-after destination for luxury real estate.  Well known for its stunning coastline, azure waters, and year-round sunshine, Costa Adeje is a popular choice among discerning property buyers looking to invest in a slice of paradise, while being within easy reach of mainland Europe. The...

The end of the first quarter of 2023 demonstrates a robust property market in Tenerife, particularly in sought-after areas such as Los Cristianos, Las Américas, Costa Adeje, and the municipalities of Adeje and Arona. Despite a potential reduction in inquiries, people are still actively buying properties, with year-on-year and month-on-month price increases in these prime locations. In this article, we...

https://youtu.be/zLMOlAqGZ3w It's the 11th of April, it's the end of quarter 1 2023. We've got the figures here in front of me for the year-on-year, month-on-month and the price per meter squared figures for Los Cristianos, Las Américas, Costa Adeje and the municipalities of Adeje and Arona. And I'll put them up here on the screen as well, probably up there. But we've got obviously selling increase,...

Costa Adeje Golf is a world-renowned golfing destination situated on the beautiful island of Tenerife, Spain.  Located on the southern coast of the island, Costa Adeje Golf is a modern golfing resort designed for golfers of all skill levels.  This article will provide an overview of the area, including its facilities, courses, and attractions. Facilities Costa Adeje Golf boasts...

https://youtu.be/3KYCXpcAyF8 So this is the year-on-year change. This is going from what January 22 was like and what's January 23 like. And this is how it's gone and changed through the year. So, we can see that Arona, Los Cristianos, Adeje, and Costa Adeje, you can see the increases there. Quite a lot of increases around the Costa Adeje area. So these are costs in thousand euros per meter squared. So,...

At the end of 2019 and the start of 2020 things in the world of real estate were trundling along nicely, getting into the groove and coming to the end of the busy period which normally runs from October through to March, April every year…then suddenly, all of that came to a halt. Flights and travel were stopped with a jolt and so tourists and hence property buyers were stopped in their tracks,...

OOooh look, a villa with a private pool. OK, OK … I get it and I don’t want to rain on your parade but what you really want to buy in Tenerife, and what is the more sensible option, could very well be two different things. It’s often said of some holiday makers, when they come to Tenerife, that they leave their brain at their home airport … sometimes thinking that it’s OK to leave their...

Quite simply a message to the British Media who seem to have a wish to spread rumours and lies about what's actually happening here in Tenerife with the...

I often have clients that are buying property in Tenerife, asking me how long it takes from them making a decision to buy one and actually owning the property of their dreams. The time it takes from deciding to buy a property in Tenerife and signing the paperwork at the notary to complete your purchase and actually receiving the keys will vary, it’ll depend a lot on the type of property as well....

https://youtu.be/0d_rkSFqPIc New beginnings...we're now in Los Cristianos...here's the great...

https://youtu.be/STLFZLI7urQ I'm closing the Playa Fañabé...

https://youtu.be/0VOInYZ7kcU Parking in Las Americas and Los Cristianos is the easiest it's been since the 70s I should think. There are spaces all over the place, but have a look at the comparison between the seaside resorts and where I live...we're getting back to normal...

https://youtu.be/bPorQQy6X5g Is the Golden Mile actually golden or a...

https://youtu.be/kWt_aTfVg3E A walk from Guaza mountain along the promenade to Playa de Los Cristianos with a few points of interest along the way...including the old house on the beach in Los...

If you're coming to Tenerife over the next few months, you need to watch this video to prepare yourself for what to expect. In this video, I go over the latest rules about wearing masks in Tenerife during July 2020 and possibly onwards. https://youtu.be/bj73Tag7yQE If you're coming to Tenerife over the next few months, you need to watch this video to prepare yourself for what to expect. In this...

How is the virus going to affect the property market in Tenerife? - I give my thoughts about what's happening now and what I think may happen in the...

A walk to La Caleta - the views are fab, the audio - not so much,...

In this video I concentrated on Las Americas and the surrounding area. We look at what businesses are open, surfing in Las Americas and take a look at some of your favourite hotels and hot spots. Don't forget to subscribe -...

I spent a couple of hours walking around Los Cristianos to find out how the town is getting ready for the start of Phase 2 next week...good news, we're on the move. Don't forget to subscribe to this channel so you don't miss out on other...

While in Phase 1 of lockdown in Tenerife 2020...we went to Los Cristianos to collect some take away Sushi...while I was waiting, I did a live Facebook video...Facebook Live is never the best quality but you'll get the atmosphere....click below to see the...

I took a drive the long way round to my office today...it's the first day of the first phase of the lockdown being lifted. Plenty of quiet beaches but things are looking positive for Tenerife and the Canary Islands...click below to see the...

This is a Facebook Live video I did on Thursday 30th April about the de-escalation of 2020 lockdown in Tenerife and I also did a session. of ask me anything about Tenerife...click below to watch the...

https://youtu.be/OSjIArVxOu4 I thought this month's newsletter might be good to do on video. So, have a look down below, there'll be some answers to some of your questions. Maybe you're thinking about buying, maybe you're thinking about selling. So let us get into the questions. https://youtu.be/s_-Ca2sNhzc A lot of people are probably thinking is now a good time to sell? If you're...

There aren't many notaries in the UK and they're certainly not used as much as we use them in mainland Europe, so, what is a notary in Spain and what do they do? To give an idea what a notary is, I always say that they're one step up from being a lawyer and one step down from being a judge. Basically, here's the answer to the question - What is a notary? A notary is always used for overseeing...

As I finish my seemingly more regular lunch of a cheese sandwich and a couple of glasses of red wine, I’m thinking that this will have to stop when we get back to normal, my doctor certainly wouldn’t approve at all…but the question of normality stuck in my mind…what will normal be when we get over this pandemic? No...this is nothing like it at all..lol Like a lot of people, I’ve had a...

My brother texted me earlier this morning...are you confined to home he asked?... Confined to home? I've been home since last Saturday, 14th March, having come back from work at lunchtime I watched the news about how they were going to lockdown Spain on Monday morning at 0800 hrs, which they then changed to be Saturday night...that was it, I was inside. Having been home a week today, I've been...

If you're buying a property in Tenerife, you may have been told that using a lawyer isn't a requirement...It's a bit like the UK...you can use one if you want but you don't actually have to. To a point, I'd agree...and if you speak Spanish, know how the system works and where you've got to go to get the information and pay your fees and are well up on your Spanish property law, then maybe you can go...

In fact, if you click the following link you'll be able to find the article that I've written explaining the whole procedure and the related costs about buying a property in Spain. There is 17 autonomous communities in Spain, but there are a couple of municipalities within those autonomous communities that have slightly different tax regimes, so I've set them apart here. You can find the IPT...

If you’re buying a property in Spain, whether you’re having a mortgage or buying cash, you’re going to have to send a lump sum of Euros to an account somewhere in Spain. Whether it’s your life savings or not…it’s still going to be a whole load of cash, so you’ll want to move it cheaply, quickly and above all safely. https://youtu.be/I1ROHmGQf-0 The thing is the banks...

As of the 1st June 2013 a new law comes into force regarding Energy Efficiency Certificates in Tenerife. If you are marketing your property for sale or letting a property you need to be in possession of a new Energy Efficiency Certificate. These have been part of a property sale in the UK for quite some time now, but have just been passed as law here in Spain. Personally, I can understand the...

If you’re buying a property in Tenerife, you’re definitely going to need a bank account, yes. The thing is, although the actual buying process has to be followed, but it doesn’t always follow the same order of steps. What I mean by that is that you might be told that you need to open an account before you sign a contract…that’s not a bad thing and it's not wrong either but in my opinion,...

Barranco del Infierno translates into Hell's Gorge in English.  The popular tourist destination is situated in the town of Adeje Tenerife. In a similar way to visitors to Mt Teide, the amount of visitors to Barranco del Infierno is strictly limited, in this way it preserves the natural environment for future generations. There is a popular hiking trail through the gorge which ends up at the...

The other day I wrote about the differences at Christmas between the UK and here in Tenerife.  Yesterday I was at a party in Icod de Los Vinos where I was chatting with my father-in-law.  During our conversation I found that things were a little different in his younger years here when Halloween came about. Here in Tenerife, Halloween is called All Saints Day...in the Roman Catholic...

The other day we were asked to take details and photos of an old Canarian villa house in Chío. The property itself needs quite a bit of work...well, that depends on how you want to live actually, anyway, I digress. When we opened up the doors downstairs under the main living area, as it is at the moment, we found an amazing sight. Old barrels... a couple of wine containers with wicker...

If you're buying a property in Tenerife it's both an exciting and frightening experience and for most of you that do it, it'll be the first time you'll have bought a property abroad. Don't let the excitement or the fear trip you up into making mistakes. In this article I explain 5 mistakes that buyers make and tips to avoid them. 1. Indecision At the end of last year we had a client that...

Here's a question for you...do you know what is the worst selling item in the whole of Tenerife and in fact, probably in the whole of the Canary Islands?...the answer - indicator bulbs. The thing is, they are hardly ever used and so rarely wear out - it's a great idea for saving money, but not so good when you're trying to second guess where the driver approaching your entry to the roundabout is...

Should the real estate industry in the Canary Islands should be regulated? I'm concerned about the Real Estate industry here in Tenerife and when I say concerned, I'm really concerned. I'm not worried about the market itself, that's doing well at the moment - what worries me are some of the agents and some of the people within the industry. As the property market eases and the crisis seems...