Cheap Property and Bank Repossessions for sale in Tenerife

Tenerife property bargains…do they still exist?

Cheap property and bank repossessed property for sale in Tenerife, especially repossessions for sale on the south coast, sell very quickly.

We get told about loads of property for sale in Tenerife via banks but more importantly at the moment, we’re working with some estate agents in Tenerife who, for various reasons have desperate sellers.

It has to be said that the number of bank repossessions in Tenerife here have fallen greatly in number since the highs of 2010 – 2013 but to be honest there are – and always will be – people that want to sell urgently, so they’re not necessarily a bank repos, but should be good deals.

You used to be able to buy cheap Tenerife apartments for sale in holiday complexes as well as residential complexes but now you’ll be very lucky to find anything like that in the popular resorts such as Las Americas or Los Cristianos Tenerife.

Do you want to be one of the first get the info on properties for sale here in Tenerife?

Generally these types of  properties are not going to be added to the main website due to the lack of information provided by the banks or other agents that we deal with, so we have a high priority Bank Repossession list where we send out emails of properties that come to us direct from the bank or if there’s a great distressed property opportunity.

These properties are priced cheap for a quick sale but for one reason or another there could be no photographs or at best a few poor ones and usually here’s also very little description or information about the property itself .

Owning property in Tenerife.

Owning a property in Tenerife can be a very exciting but at times maybe a scary proposition.

The thing is, with average annual temperatures of 23ºC, Tenerife an obvious choice to buy a holiday home or maybe even to make it a permanent home one day.

Being a Spanish owned island, Tenerife is covered, at the moment, by EU laws and English is widely spoken, so the attraction for a home in Tenerife is massive and the health service here is second to none.

Click the following link if you want to know about hospitals and heath care in Tenerife.

Buying a property in Tenerife is a reasonably easy affair although it’s a bit different to the UK and may be different to your own country if you live elsewhere in Europe.

The main reason people buy property here is for a holiday home or some people want to retire in Tenerife in the future.

Some of our buyers buy property here for investment and although there are still some good deals to be found, prices have started to rise in certain areas.

How much does it cost to run a property in Tenerife?…and other questions…

One of the questions that we get asked on a regular basis is “how much does it costs to run a property in Tenerife?”, click that link and you’ll be able to read an article that I’ve written about running costs.

Most British people people like to live in the south and south west areas, so generally speaking the areas of Playa de Las Americas, Costa Adeje & Fañabé and Los Cristianos in the south and  Callao Salvaje, Playa San Juan and Los Gigantes to the west are in highest demand.

Tenerife property over the years.

Over the years, development was rapid and the coasts of Los Cristianos, Las Americas soon became built up with apartment blocks and hotels making the south a very desirable area to buy property and as such, prices went up along the the buildings.

Various economic crisis’ during the years caused the property market to crash on a couple of occasions and at those times there were plenty of bank repossessions for sale in Tenerife.

Are there any properties in Tenerife for 50.000€…?

There are still a few cheap and repossession properties for sale in Tenerife but to be honest they’re getting few and far between as we come out of the latest crisis and trying to buy your dream holiday home in Tenerife for 50.000€ is a dream that has long since vanished.

Tourism and property prices in Tenerife.

As time has gone on, tourism has developed into much more of a designer type business and with it has brought the more exclusive areas of Costa Adeje and Bahía del Duque in Tenerife.

Properties in these areas have raised the bar with regard to quality of build as along with it, prices have increased in line with them too.

One bedroom apartments in areas such as La Caleta or Playa Fañabé, rarely sell for anything under the 200.000€ price range.

Other areas to consider.

Properties in the hills and rural properties in Tenerife are getting more and more sought after.

People are looking to get away from it all and the mountains and villages to the island are the perfect place.

There ar e still plenty of bargains for sale here but you really have to be in the right place at the right time.

If you’re looking for something in particular you can click the following link which will lead you to a questionnaire that’ll ask you all of the questions that we’ll need answering to tell us what you’re looking for.

How can Tenerife Property Group help me buy my place in the sun?

Buying a property in Tenerife can be a little scary but we’re here to help you all the way.

We’ve got loads of information on this website and if you’d like more information, you might like our guide to buying property in Tenerife.

1 Bedroom apartment in Apartamentos Playa Honda, Las Americas

We’ll advise on which solicitors are good to use and also help you while you’re here open a bank account and possibly to look at Spanish mortgages if you need one.

Are you known and trustworthy?

We’re easily one of the most…if not the most reliable estate agent in Tenerife and can show you any number of reviews from happy customers.

In fact you can Google them or see them on Facebook and being the only estate agent to have been featured in person in A Place In The Sun TV program, we’re highly regarded…that’s quite a big headed thing to say, but..erm, it’s true…

1 Bedroom apartment in Apartamentos Playa Honda, Las Americas

What if I’m selling a property in Tenerife?

Now, if you’re thinking about selling your property in Tenerife, we also have a Tenerife Seller’s Guide which you can obtain by clicking that link.

This guide will tell you everything you need to know about selling your property and the taxes that you’ll have to pay as well.

1 Bedroom apartment in Apartamentos Playa Honda, Las Americas

Even if you’re thinking about trying to sell your Tenerife property privately, we can possibly help there too.

Here’s a quick list of links that might help you with buying a cheap property in Tenerife…

If you want to be one of the first to know about these, you should join our bank repossession email list.

If you want to know “How to buy a bank repossession in Tenerife” then click the previous link.

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