Where have all the luxury apartments in Tenerife, Spain, gone? What are they supposed to look like? Any more being built?
Luxury apartments in Tenerife, Spain are scarce. There are not enough of them around for sale. You find them for rent so much easier. Why? - They are often let out to tourists
at relatively high prices which will be below 5 star hotel accommodation charges.
- Obviously, they can't come with the service
and full or half board that is offered by Tenerife hotels. - Duration of rent is the other clue.
Every landlord will prefer a renter that stays longer. - Self service makes private apartment
holiday rent more affordable. That shortage of luxury apartments in Tenerife applies to the north of the Island Tenerife as well as to the south. Accommodation with more than one bedroom that is being built is scarce. Even the locals are complaining. It's not so much a question of restricted space; many townhouses are being constructed. However, your chance to find new luxury holiday homes in rural areas looks different. I've seen one where you would have been better off with a sky lift or, a cable car, though. The location of those new luxury apartments in Tenerife was simply much too high up in the mountains. It was a mission to drive up there on a windy road. Let me tell you some locations in Puerto de la Cruz where upper class apartments in Tenerife North are hiding. The facade, however, does not always tell. The building that you are seeing in my photo, here, has many a prestige apartment. It's the "super"apartment-complex Bahia Playa in Puerto de la Cruz opposite Playa Jardin(Garden Beach).
The Bahia Playa 2 building complex has many luxury apartments. There is Bahia 1 apartment complex as well which has similar high standards. Hotel Bahia is next to it. The building in this photo has large indoor as well as outdoor swimming-pools. A jacuzzi with sauna is inside. Large, luxury penthousesare on top of buildings. Manytownhouses belong also to the complex. I would almost call it a luxury apartments in Tenerife resort. But, unfortunately, no gym...
So, nothing is always perfect with luxury apartments in Tenerife. A gym was recently opened at Bahia 1. A friend of mine is going there, often. Oh, you should see this guy.. He could compete with Schwarzenegger, really. A so-called Spanish version... He is a great pianist with muscles and beautiful hands.
The gym is in the back of Bahia 1. One gets in by the ground floor. Just ask by the corner Café Bahia Park. Everybody knows. To be fair I must tell you that Hotel Turqueza next to it which has luxury apartments/ suites has a gym, too. New hotels offer that. Elite accommodation should come with a golf course within the premises or, at least nearby. None of the properties mentioned at Bahia has that. Lack of space... By the way, your next best possibility to enjoy a good game at the greens in the oldest resort of Tenerife is at the other site of Puerto de la Cruz behind Playa Martianez. Quite close, though... That makes me think of all the banana plantations in Puerto(Puerto de la Cruz). Let's compare spaces for golf greens with those of banana-greens. Now, I will get serious... I love the banana-greens. The banana plantations could be replaced with blocks for luxury apartment. We must be grateful, though, that they have not been sold off to constructors, yet.
The situation for luxury apartments should be a little better in the south of the island because it was developed for tourism so much later than the north. They also had more space available for golf courses. Hence, a good market situation for luxury flats was more given. Did you know that there is quite a difference between the north and, south of Tenerife? The English colony that isn't part of the Commonwealth, is in the south. Just kidding... I wonder if her Highness the Queen knows how many of her citizen are living on Guanche shores in a Canary Island in semi luxury apartments. Many are not registered in Tenerife, you know. The "old", venerable Tenerife with the banana-greens is in the north. Wealthy locals or, foreigners own the luxury apartments in Tenerife. Yes, and both types of the greens, too.
Sometimes, excellent pisos which is the Spanish word for large apartments are found in older buildings in the capital Santa Cruz de Tenerife. Real luxury Tenerife apartments - real jams... A lady in Puerto de la Cruz that I know owns one of the very large, classy apartments in Tenerife. The building promises nothing special from the outside. It´s in Calle Venezuela close to the Lido Martianez. Her home is on the 2nd last floor of a 10 story building. Did you know that the higher up the accommodation the more valuable it is ? In many buildings in Puerto de la Cruz a studio apartment value rises by EU 1000 and, sometimes EU 2000 in sale's value according to position of the floor. Therefor, a penthouse which is always a luxury apartment and is on the last floor always fetches a higher sale's and rental price.
A few modern, luxury apartments in Tenerife were constructed as holiday homes specifically planned for by people who wanted them for their own use, mainly. Why mainly? I talked about the letting motive at the beginning of my page. What I had not mentioned is that constructors sometimes built relatively classy apartment blocks, because they wanted the best apartment for themselves. The rest of a building is usually sold off. In some rare instances some came onto the market as time share. You will often find that constructors reserve penthouses for themselves.
Nowadays, your best chance for acquiring luxury apartments in Tenerife is by off-plan property buying. This is still the hottest for investment in Tenerife at the moment. Not a new idea, though. Luxury apartments in Tenerife are occasionally found within privately owned villas or fincas. (farmsteads) More 5 star hotels, today, offer luxury in form of apartments. You know, hotel suites... You get a privately owned luxury holiday home in Tenerife hotels as well. Some time ago, I saw one that is on the top floor of the posh hotel, el Gran Hotel Bahia del Duque, Costa de Adeje. Wow, it was so beautiful! There are luxury Tenerife apartments at Maritim Hotel/Aparthotel in Puerto de la Cruz/border Los Realejos about 500 meters from Loro Park. I have seen one that was outstanding, a couple of years ago. The Maritim Hotel in the picture above has two residential buildings for private owners. Not a normal situation in Tenerife... In the photo, you may see that one Aparthotel which is attached to the main hotel. Please, bear in mind that those apartments are all privately owned. Most of them are studio apartments. Some of them have been improved to real luxury standard by their owners. For several years I saw some regular Maritim Hotel apartments advertised for sale. Price range EU 72000-EU 78000 with pull-up double beds that disappear behind white melamine closets. White furniture, blue carpets. I don't remember color of easy chairs and sofa. I think they had some shades of blue. No extra bedrooms were seen. They are all neat and clean, though. They come with or without sea view. The ocean is rough by Maritim hotel which has good tennis courts a lovely pool garden, a stunning tropical park, medical service and other as well as a good events calender.
Some lesser known attributes of luxury apartments in Tenerife - Sports facilities should be offered within the building or outside such as a pool, tennis courts or golf courses.
- An exceptionally good apartment should have a splendid view.
- Good building security, excellent administration as well as good in- and outdoor-maintenance.
- And what counts last not least is always: Location, Location, Location.
Please, mind that quiet, unpolluted surroundings may be a real luxury today...
Just now, I will take you to a Spanish friend's flat in Los Gigantes (The Giants) who wants to convert it into one of the luxury apartments in Tenerife. Do you want to know, how he will go about it?
Oups, I just spoke to him. He said he's done enough for it. It could never be a luxury flat, he meant. Why? It hasn't got a lift. Not that one needs one for the 2nd floor. But, the view is sheer luxury, he added. You must see this stunning apartment. He really did a great job.I call it stunning in relation to what it was before.
Would you like to see this piece of art ?
That's what I call it because I know what it was like before.
Tips on mortgages. Renovations How fast to sell?
Why invest in Tenerife compared to other places in the sun in Europe. How sell your home? Knowhow for buying On rent Why Tenerife I was wondering why there are not more penthouses in Tenerife North compared to the South. What could the azotea have to do with it ? Please, click here to hear all about it, in case, you have missed it...
Luxury apartments in Tenerife La Orotava. I've seen many beautiful old townhouses like this one in the old town section La Orotava. Sometimes, they have separate apartments because, the Spanish young people have the habit not to move out of their parents homes. I've also seen absolutely stunning indoor yards in those homes when doing door to door surveys, a few years ago. To live in an apartment in such surrounding also means utter luxury to me. Mind those places, sometimes have roof tops azoteas with gardens on top, although, many come with Spanish roof tiles.
Property fraud Tenerife or Spain
does happen to the smartest people.
Property with strings
attached. Please, return to incredible home hunt which would not be possible nowadays. Back to Top of Page?
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