Why is it a Good Idea to Settle for Tenerife Property?

Conduct a simple online search for the keyword Tenerife property and there will be pages full of information about the various properties for sale in Tenerife. Seemingly there are thousands of sellers or estate agents all desperate to attract buyers and thus sell one of their properties in Tenerife. But while there are these many options available and if you’re contemplating an overseas property purchase, is it not important to be clear on the expectations on what a prospective location can offer? The below mentioned details present information about Tenerife, from the property buying prospective, and can thereby help you with the Tenerife property purchase decision.

Tenerife, also referred to as the island of eternal spring, is the largest of the Canary Islands. A four hour flight is all it takes from the UK to reach Tenerife. The region, among various other pleasing facets, offers excellent climatic conditions. With Tenerife weather, there are negligible uncertainties or extremities. Average range is 73OF – 82OF. Summers are not very hot and winters are not very cold. While this fact tempts many overseas investors, Britons are categorically attracted; thanks to the harsh winters and wet summers of UK. Perhaps this is the central explanation for trends which indicate that a considerable proportion of the tourist inflow to Tenerife is from the UK and likewise a reasonable chunk of overseas homeowners of Tenerife property are of British origin. Among the stated, retired citizens are particularly interested in Tenerife property. Call it accessibility, or ease of living, or insignificant language barriers, Tenerife easily pulls attention. But this does not imply that it is just British buyers; with more direct flights operational, Tenerife is gaining attention from buyers and tourists from Ireland, Scandinavia, Germany, Holland and Belgium.    

From the charming weather, let’s now shift focus to more materialistic aspects i.e. the business possibilities. Buying Tenerife property implies investing in one of the safest options. Tenerife attracts more than five million tourists every year, which leaves little concern on the possibilities of earning rental income from Tenerife property. The island is well developed and offers many recreational options for visitors including golf, water activities, beach related pursuits and thus for years to come, this aspect is taken care of. Short term or long term letting is also not an issue with the matured Tenerife rental market.

Additionally, Tenerife is presenting a strong case for the property buyers, with infrastructural developments taking place across the island, especially covering the left out regions and areas around golf courses. The government is now interested in presenting Tenerife as the preferred holiday destination. Shopping complexes, hotels, eateries, retails shops, are all are being focused. And thus, the number of tourists to this beautiful island is expected to further increase. No wonder the island secured top slot in the property searches domain on Google.  

Another reason to consider a Tenerife property is provided by the falling prices, especially towards the South. Spanish property market has busted and though there are not as significant repercussions of the same on the Tenerife property market, due to oversupply and currency woes, Tenerife property is now available at a cheaper tag. Various independent surveys and group studies have released statistical reports which confirm that the property prices in Tenerife have fallen. The percentage varies with areas, but the range is typically 3% - 6%, and the South has suffered the maximum fall. Therefore a suitable Tenerife property, especially outside the more popular tourist regions, would now ensure a profitable bargain. However, if the idea is to make the most of rental opportunities from Tenerife property, sticking closer to the popular choices would eventually make sense.