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...
Selling
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...
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. 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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...