Property Market In Tenerife – November 2023

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...

Is the 90 day rule going to be cancelled?

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...

Property Market In Tenerife – October 2023

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...

Property market in Tenerife – September 2023

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...

Property Prices And Sales In Tenerife July 2023

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...

Property prices and sales in Tenerife – June 2023

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...

A Comprehensive Guide to Currency Exchange Companies

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...

Ensuring Security in the Forex Market: Keeping Your Money Safe with a Currency Exchange Company

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...

The Global Transfer Guide: Understanding the Process of Transferring Money Internationally

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,...

A Savvy Consumer’s Guide: How to Compare Currency Exchange Companies

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....

Financial Crossroads: The Difference Between Using a Bank and a Currency Exchange Company

Whether traveling, conducting international business, or sending money abroad, you'll likely need to convert your home currency into a foreign one. This is where banks and currency exchange companies come in, but what exactly are the differences between using these two types of institutions? This article aims to elucidate the key distinctions. At the most basic level, both banks and currency exchange...

Navigating the Forex Landscape: Understanding the Risks of Using a Currency Exchange Company

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...

Behind the Veil: Understanding the Regulation of Currency Exchange Companies

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...

The Flux of Finance: Understanding How Currency Exchange Rates Are Determined

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...

Demystifying Revenue Streams: How Currency Exchange Companies Make Money

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...

The Mechanics of Currency Exchange Companies: Facilitating Global Transactions

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...

Understanding Currency Exchange Companies: Facilitating Global Transactions

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...

Tenerife’s Property Market in May 2023: A Comparative Analysis

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...

Property prices and sales in Tenerife – May 2023

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...

Analysis of Market Snapshot Figures for April 2023: A Comprehensive Review

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...

Where can I eat great food in Costa Adeje?

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...

Property prices and sales in Tenerife – April 2023

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...

Can I buy a property in Tenerife even though I don’t live in the EU?

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...

Crafting a Legacy of Architectural Harmony – Architect Melvin Villarroel

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...

The Evolution of Costa Adeje’s Transformation and Growth

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...

The Lavish World of Luxury Villas for Sale in Costa Adeje, Tenerife

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...

Q1 2023 Property Market Report: Tenerife’s Prime Locations Continue to Thrive

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...

Property prices and sales in Tenerife – March and Quarter 1 2023

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 Tenerife

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...

Property prices and sales in Tenerife – January 2023

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,...

Did the Tenerife property market catch a cold during Covid?

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,...

What to think about when buying a property in Tenerife

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...

How long does it take to buy a property in Tenerife Spain?

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....

Masks in Tenerife – What you NEED to know

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...

Day 1 of Phase 1 de-escalation in Tenerife

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...

The Tenerife property market & Coronavirus early 2020

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...

What is a Notary in Spain and how much do they cost?

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...

How will COVID-19 affect Tenerife?

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...

Tenerife in Lockdown…what’s it like?

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...

Should I use a Lawyer when buying a property in Tenerife?

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...

What taxes do I have to pay If I’m buying a property in Spain?

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...

What’s the cheapest and safest way to send money to Spain?

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...

Energy Efficiency Certificates in Tenerife

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...

Do I need a Spanish bank account if I buy a property in Tenerife?

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 Tenerife

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...

Guardia Civil in Tenerife during the 50s

For anyone that reads this blog on a regular basis, you will know that I love Tenerife and also its history.  For example, I have written about Halloween in Tenerife, Carnaval in Tenerife and of course the restaurants and bars here too. Yesterday I was out with clients viewing properties for sale and we stopped in a bar.  It just so happened that one of the customers in the bar, a friend of my...

What happens at Halloween in Tenerife?

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...

Odd things you find in old houses

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...

5 mistakes buyers make and tips to avoid them

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...

Driving in Tenerife

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...

Why I think the real estate industry in the Canary Islands should be regulated

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...

6 Ideas for selling your Tenerife home faster

So, you've had your holiday home here a while now, you've had good times and glad times, maybe a few sad times but now the time has come that you want to sell your property in Tenerife. I've written before about the taxes and fees you'll need to pay as a seller, if you haven't seen those, you can find them on my website easily enough, but in this article I'm going to give you a few pointers...

20 facts about Tenerife that will impress your friends

20 facts about Tenerife that will impress your friends The Canary Islands is an archipelago, which means a group or chain of islands but, did you know that the Canary Islands has its own archipelago? Generally, the Canary Islands are attributed with 7 islands 1 - Tenerife, 2- Gran Canaria, 3 - El Hierro, 4 - La Palma, 5 - La Gomera, 6 - Fuerteventura, 7 - Lanzarote but just to the north of Lanzarote...

Retiring to Tenerife

There are many reasons why you may want to retire to Tenerife, one will almost certainly be the good weather. It is said that Tenerife has one of the best climates in the world; in fact some people call it the island of Eternal Spring, which is a very good description for it.  The summers are warm, but not scorching and the winters are substantially cooler, but never freezing. In fact most...

Hospital and Healthcare in Tenerife Spain

We very often get questions about the state of the hospitals in Tenerife and the general healthcare system, so here are some details to consider. A lot of people who consider living in Tenerife are concerned about the healthcare system and the hospitals in Tenerife. Although I am thankfully not a frequent patient, I have been a frequent visitor to a number of establishments over the...

What are the running costs of owning a property in Tenerife?

Loads of people ask me during their search for properties for sale in Tenerife…”How much does it cost to run a property in Tenerife?” Of course the real answer is that it depends upon how big the property is, how often you or anyone else proposes to use it and even in which municipality the property is situated. I thought that I would give a couple of examples of the average ongoing running costs...

How much is my property worth in Tenerife?

How much is my property worth in Tenerife? - A question that arises quite often in my world. If you've sold a property in the UK over recent years, you'll have heard of Zoopla. On this site and maybe some others do it now as well, there's data about how much the houses in your particular road sold for over the last few years - I've just looked at their website and seen that some...

Non-Resident Imputed Income Tax in Tenerife – NRIIT

I'd like to point out that this article IS GOOD ADVICE but in no way replaces any legal or fiscal advice, so please don't take it as such. Rates and laws change all the time and you should seek that information from your legal and fiscal advisers.  At times life can seem unfair...especially at the end of the year. No, I don't mean that you don't get the presents that you want...

Tips for buying property in Tenerife

Buying property abroad can be a daunting experience, so although I have a full run down of the buying procedure in Tenerife here for you to look through, I've replicated the same tips that I gave in an interview with A Place In The Sun in 2014, so here are my top tips for buying property in Tenerife. Always use a lawyer. Many estate agents will say that they will handle the paperwork for you -...

6 tips that long term residents would give Tenerife newcomers if they could

Buying a property in Tenerife can be fraught…but mainly with the stress of not knowing what you’re doing - it’s not generally a regular occurrence for you to buy a property abroad. If you do it right and use a lawyer, then buying your dream home Tenerife go through as smoothly as can be but that’s just the first step. During the years that I have been selling property in Tenerife and lived...

Are Tenerife estate agents worth their commission?

Sometimes I hear directly from people or read blog or forum entries that estate agents in Tenerife or Spain in general, are paid too much. Granted, 5% of the sales price is more than three times the average commission rate charged by the estate agents in the UK - in fact there are some agents now charging as much as 6%. As I wrote in a recent article for this paper about the major differences between...

Why do the same properties for sale in Tenerife have different prices or are sold – yet still being advertised?

If ever you’ve been looking for a property for sale in Tenerife on the internet, you’re almost sure to have come across this problem in the past. There you are searching away…all the websites look the same…most of the properties you’re interested look very similar or even duplicated with different agents but the same photos but, after plenty of searching, you come across the...

How has Tenerife tourism changed its image over the years?

Did you know that Tenerife has been a magnet for tourism since the 1880s? 32 years after the defeat of the British attack on Santa Cruz in 1848, where Lord Nelson was injured and lost his arm, visitors, even including British were being welcomed to enjoy their holidays here. So how has has Tenerife tourism changed its image over the years? Oh yes, in the 1880s they had hotels here and...

What is the Spanish way of life?

One of the most commonly mentioned reasons for people wanting to live in Tenerife and Spain in general, is "the Spanish way of life", but what is the Spanish way of life? What does it entail and is it really any different to the way of life you lead at home? Working hours. Generally speaking, the day starts early for office and government workers here in Tenerife and on the peninsula of...

How is Brexit going to affect me buying a property in Tenerife?

As Theresa May's Brexit deals have flopped over and over again, property investors are not losing sleep over it. Even though new homeowners are choosing to assume a wait-and-see attitude in the UK, experienced property buyers are still buying property outside of the UK. Tenerife in Spain is one of the real estate property hot spots attracting countless Brits and other nationalities.   ...

A story about a villa in Los Cristianos

This story should start by using one of the lines of the famous 1964 hit song by the Animals - "House of the rising sun", as you'll no doubt know the line is..."There is a house in New Orleans", well in this case "There is a house in Los Cristianos".   The house I'm talking about would have once been one of the most central focal points of Los Cristianos...Casa de Peña or Casa...

Are prices going crazy in Tenerife?

In recent years property prices have been depressed in all areas of Spain, including the Canary Islands. Thanks mainly to the financial crisis and lack of lending from the banks, property purchases were limited to those that had funds to hand and as such, fewer buyers meant a reduction in prices.Now the crisis is over...or at least for most of the world, prices are picking...

The Tenerife Property market during 2017

10 years after the brakes were put on the rising prices...how is the Spanish market, especially the Tenerife property market? During the Spanish property boom, prices went through the roof but abruptly came to a screeching halt in 2007 when the ceiling fell in on the property market - I hope you liked the use of the carefully chosen property oriented words there. Prices crashed throughout...

Is Brexit going to be all it’s cracked up to be?

The Brexit referendum was on June 23rd 2016 and since then I think that the worry of Brexit that affected the number of UK buyers looking to buy a property in Tenerife has subsided quite a bit since then. There are undoubtedly a number of potential buyers still pondering the pros and cons of what Brexit might bring, so I thought that now we know a little more...or at least we've had time to think about...

Have you missed the boat or is this the perfect storm?

Have you ever, during your lifetime...just felt that you should have done something a while ago, but now feel that it's too late and maybe you've missed the boat? I wasn't in Tenerife 25 years ago, but I very often wonder that if I was, would I have bought property or would I have thought it was too expensive at that time. When I hear or see what some of my sellers paid 25 years ago for the...

Buying apartments to rent for an income in Tenerife

Since the law on apartments to rent and the illegal lettings has been enforced over the last 8 years or so, it's become more and more difficult to decide if buying a property on a legally rentable complex, to provide an income, is actually a good idea. The laws on short term rental are extremely complex...in fact, some of them are still being changed and decided upon as this article goes to...

7 myths debunked about buying property in Tenerife

The government can knock down your home legally whenever they want.  This has come about over the past few years from stories of properties having been built illegally and were therefore knocked down. The thing is that the developers more than likely paid the local town councillors who then paid other relevant people and "building permission" was given. I'm not saying that...

All I want for Christmas – Mariah Carey

All I want for Christmas… November 1st 1994 and Mariah Carey released the lead single from her 4th album – “All I want for Christmas is you”. With sales of over 14 million copies, this song is Mariah Carey’s biggest International hit and is apparently the 11th best-selling single of all time and is reported to have earned over $50 million in royalties. OK, so what…I hear you...

What will happen to the Spanish property market and expats after Brexit?

OK, I can be wrong ... just ask my wife. The vote for a Bremain result was fully expected to win the day but after all was said and done "team Brexit" was declared the winner. If you've been watching the British news and are keeping tabs on the Internet, you'll be well aware of what's happened and, in many people's eyes...well 48% of the UK, the massive...

What’s going to happen about the Brexit in Tenerife?

What are you doing on the 23rd June? Whatever you’re going to vote in the EU referendum on the 23rd June, that’s if you’re allowed to, one way or another it’s going to affect the property market here in Tenerife and Spain as a whole. There’s plenty of information on the internet and papers in the UK about the Brexit referendum, with MPs and TV commentators giving their own views and...

3 bedroom apartment in Winter Gardens in Golf del Sur

A Place In The Sun with Tenerife Property Group

In August of 2016 we were asked if one of us would consider being filmed by A Place In The Sun as their Tenerife property expert. They obviously wanted the youngest and most handsome member of the Tenerife Property Group but unfortunately he wasn't available, so I went instead. The second Friday in January, the programme was aired and I got to see myself talking about the Tenerife property market…...

10 Great things to do in Tenerife

Here is  a list of 10 great things that you can do in Tenerife.  I found the list on the Daily Mirror webpage. The list is in order below, but to get more information about each one, you can click through to the Daily Mirror website here. Siam Park El Médano Mount Teide Carnival La Laguna Los Abrigos Garachico Los Gigantes Anaga Hills Wine I certainly don't...

Illegal letting in Tenerife

Recently there has been loads of information released about the letting of property both legal and illegal.  The laws have been in place since 1995, but only when the crisis hit and the hotels realised that they were no longer full and that their main competition was actually private owners letting their apartments and villas, did the Canarian Government actually intervene and start enforcing...

Are the letting laws changing in Tenerife?

Are the letting laws changing in Tenerife? At the end of 2014, there was a draft written that may well change the current short term letting laws in Tenerife. What you read here is still law until any changes have been made, but things may well progress over the next couple of months in 2015. Basically, the new law needs to be checked over by lawyers and will no doubt take longer than 2 or 3...

Is Tenerife the right place for a second home?

The dream of owning a second home in a foreign country Many people dream of moving to a hot climate when they retire and maybe some of the luckier ones dream of buying a property before they retire to use as a holiday home for themselves and their friends and family. The question is...is Tenerife the right place for you? There are many places in the world with sunny and warm climates, but rarely do...

Formula 1 track in Tenerife gets green light (Simon I didnt know how to add the videos on the bottom)

At last, the Cabildo of Tenerife have given the go-ahead for the long awaited "Circuit Tenerife Island", the Formula 1 track in Tenerife that I wrote about a couple of years ago. The circuit will be situated close to the village of Atogo, about 2km away from the south airport which will afford great access to the track itself. Designed by TN y GPO engineers, the circuit will be extremely...

Flooding in Tenerife December 2013 (Simon there are many photos missing here)

For those of you who have been following my Facebook Page, you'll all be up to date on the weather problems that we had this week, for those of you that are not yet connected, click this link to the Tenerife Property Group Facebook Page, where you'll find loads more pictures. This past week has been a cause for concern for everyone here in Tenerife. The island pretty much came to a standstill on...

Los Cristianos Sunday market

If you come to Tenerife on holiday it's always worth at least one visit to the Los Cristianos Sunday market. The large open air market is fun to walk round with plenty of things going on to keep you entertained. It really can be a bit of a squash and walking around using wheelchairs, prams and buggies is not that easy but as most people are in a relaxed holiday mood, they are generally...

Rent to buy in Tenerife

Here at Tenerife Property Group we often get asked if we have any properties available for rent to buy in Tenerife. The idea of rent to buy is a good one in principle, but when you start drilling down and getting more information, the idea remains a good one but it might not be exactly what you think. Many people want to make Tenerife their new permanent home, but how do you know where to live...

News on illegal letting appeals in court

Hot news for any of you that have been considering illegal letting appeals.  Janet Anscombe has reported on her blog that the first of the illegal letting appeals have been heard in court. Before the court hearing the judge wanted to speak with Jose Escobedo who is currently leading a team of solicitors that are fighting the judgements and appealing in court on cases of illegal lettings....

Weather in Tenerife

Recently the weather has been bad.  When I say bad, it's not as bad as it has been in the UK of late but never-the-less, it has been a poor few weeks here in Tenerife. February and especially March are renowned for being the two main months of bad weather in Tenerife, and although I have been here for some years, it is still a shock to the system. This year hasn't been as bad as last year...

What I love and what I don’t about living in Tenerife

Living in Tenerife is great, arguably one of the best places to live in the world according to a journalist from the Guardian newspaper.  No matter what you love about a place, there can also be things that you…let's say…don't love so much.  I don't like to use the word 'hate' because that is really too strong a word, especially for a place that you love to live. Of the things I...

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