Property investment Tenerife? Is it safe? What about other places in the sun?

Property investment Tenerife is still sound and safe. And, it will stay that way. The 'why?' has been pointed out with many overwhelming reasons in my page on Tenerife, which I am leading one step further with property investment Tenerife, here. Both pages are must reads and belong together. You will understand that the investment property Spain Tenerife for UK is not without reason high in demand.

The value of real estate rose tremendously in the last years. This came to a halt in 2008, sparked off by the property crisis in USA. Thanks to huge financial aid supported by the American government hope is in sight. The situation for property investment Tenerife Spain will recover as well, eventually and a slower pace will be good for all Canary Islands. Tenerife/ Spain's economy is sound.

As far as its undisputed best climate and weather is concerned, property investment Tenerife will often be preferred to other European property investment. Another important reason is that Holiday rentals in Tenerife are a hot topic for investors. Please, see insider tips on how to use Tenerife holiday rental for better investment results in the long run which could be applied anywhere. In fact, 2 apartments have been sold to happy renters in March 2008 in Romantica-2, Los Realejos, North Tenerife, at good prices without arguments.

Also, look at news 2008 for business, sports and tourism by political parties Spain and above all Tenerife where Mrs.Lola Ladrón shows great future vision for years to come for Tenerife's oldest resort Puerto de la Cruz. News like that are indirect insider tips for the benefit of property investment Tenerife.

Leading property investment in 2008.

Property investment Tenerife is still doing well.

Property prices as per Themovechannel.com show a 7.5% increase in Tenerife for 2007. A property costing €203.00 went up to €219.000 for example. Another for a 36m2 hotel studio by Puerto Cruz had two buying offers with an increase of 5% between Easter 2007 and summer 2007. Because of higher mortgage rates alone, this should have been the other way around.

January 2008 was showing record figures for Tourism in the island. Property inquiries were tops for Tenerife from autumn 2007 onwards right into winter 2008.

In fact, Tenerife looks less effected by the Spanish property crisis.

The Spanish property portal is reflecting the same positive outlook for property investment Tenerife.

Property investment Tenerife for letting is possible every day of the year due to good weather conditions and, above all, because of its steady, pleasant island climate which is more relevant than just warm temperatures and sun shine.

An other interesting factor of property investment Tenerife are frequent cheap flights Tenerife done by various airlines, which makes for healthy competition.

.Tenerife culture is an additional bonus for any investor.

Also, the island has very little crime. This is a great plus for property investment Tenerife.

Furthermore, its infrastructure and public Titsa bus transport is also good.

Tenerife investment property speculations, security:

Property investment Tenerife 2007 is much talked about. There is speculation that prices must drop. Of course, they will drop when mortgage interest rates are rising like now. Besides, this can only be interesting for an investor.

Most people keep sitting on their properties, though. Why should they let go at inferior prices unless they are forced to?

Also, letting might be a better option than selling for a long time. When a property is a 'key property Tenerife' investing in it is absolutely safe. It will always fetch a good sales price. Why? Quality property and good location property is something that is not found that easily. And property value doesn't depreciate on principle. It's bound to pick up due to inflation alone.

Besides, crime is very low in Tenerife. Security is something that is important when investing in real estate anywhere.

From beginning of July to middle of August 2008 I had 3 interested parties for my little holiday home Tenerife penthouse in Realejos near Puerto de la Cruz. The total area is about 130 m2 with a veranda open on 2 sides of almost 80 m2. I am convinced it would have fetched €135 000 without sweat because. the view is almost panoramic and unbeatable for the region. Point being is I don't want to sell.

So much to bad times in real estate Tenerife.

Property investment for sun, Weather and health:

Advantage of island location for investing:

It is also known that especially the black Tenerife beaches with their lava sand relieve rheumatic pains.

Tenerife apartment, ideal investment for single retirement:

European Property investment for foreign pensioners:

Notice the story by Julia who loved Tenerife living for its Carnival and warm interaction with locals. Property investment Tenerife for Julia meant a logical step, she took.

More reports are about health care and related experiences by expats and retirees on the largest of all Canary Islands.

By the way, there is a new property law for Tenerife and Spain. It is interesting for resident pensioners to leave the holiday home in Tenerife cheap to their loved ones. This is a great plus for property investment Tenerife.

Property investment to avoid boredom:

Top runner up for investment for islands is Majorca :

Property investment Tenerife will always be leading compared to other European property investment for countries in the sun. Except perhaps when we look at beautiful Majorca. Majorca which is even faster to reach from major European airports is one of the top runners. But, the weather is relatively cold there in winter. They had some snow beginning of March 2008 in Palma by the beach after a short warm spell.

Also, this island which is almost double as big as Tenerife is not everybody's cup of tea. It's high life on beaches is unbeatable as shown by the movie 'Ballermann'. Those who like it may invest there, although it's more expensive. Renting out will always be good. Who wants to live in Majorca also has the option to search for rural property to buy. If all fails, there is a waxy product called Oropax which is used to stuff our ears.

Compare property investment Tenerife to main land Spain property investing:

Lets compare property investment Tenerife to property investment of Spain .
I, absolutely, adore Spain, which would be one good reason for investing there. But, it's also a question of property finance. Many of my Spanish friends from mainland Spain told me what real estate prices are like in their country.
Believe me because, I have been there looking around also; it is more expensive. And that's what all my friends are confirming. There are hardly any areas except for remote inland regions that are not touristic either. But, inland you are more cut off than in Tenerife. Cities' property prices are high, very high. The only town in Spain whose price per m2 is slightly more than the average price in Tenerife is Murcia.

In 2001, I have lived in a little town called Tormos, half an hour by car from Alicante, Denia, Javea and other places. One public bus per week was all they had to get you away from that village. This is not uncommon in Spain. From what friends tell me it has not changed.

Many mainland Spaniards are firm believers in property investment in Tenerife. Tenerife is especially very much thought after by young couples despite augmented interest rates for Tenerife mortgages. I know because, I had 3 offers to buy with an increase of EU 5000 between the last two for our little studio in Los Realejos, which by the way were all geared towards property investment Tenerife. That was between April and September 2007.

A friend of mine just sold her spacious apartment with separate bedroom for EU 90000 in a good area in Los Portreros of Los Realejos, North Tenerife. She sold to young Spanish people, who wanted to live in it themselves. She could have gotten more if she had not been in such a hurry. Starting off with small properties has become a philosophy in real estate investment in Spain. 'To buy studios in Tenerife' has become a motto for first time buyers which are often the young local people.

The problem with them since 2008 is that they can only get an 80% mortgage. They seldom have cash to pay up front for the rest. This and higher mortgage interest rates are the reason that much real estate is on the market, now. And, this situation is almost global.

Tax deduction possible for young property buyers as well as rental subsidies in Spain:

Compare property investment on the largest of all Canary Islands to Portugal property investment:

Well, the Portugal Algarve is definitely one of the best places for beach holidays. But, it's small. I've lived there for a little while. Believe me, the size has not changed. The road going up to Lisbon, nowadays? Most of it is a toll road now. So, that's progress.

Touring companies with cheap frequent flights and travel package deals compete with private investors, who want to let holiday homes. But here again, investing in quality property always gives good dividends in Portugal as well as in Tenerife. Comparing property investment Tenerife to the rest of Portugal is not easy for me, nowadays.

Here, I am undecided, although, I know that winters are whet and can get rather chilly in Portugal. Better than the north of Europe... But, the north of Europe gives us more quality housing, in general. It is better equipped for winters.

However, you don't really need heating in Tenerife unless you move up the slopes.Therefore, one more plus point for property investment Tenerife.

South of France and Italy property investment:

How does the south of France fare compared to property investment Tenerife? We all know that Monaco is tops when you can afford it. That also applies to most other areas in the South of France. I would not mind to live there. It gets much colder in winter than in Tenerife, however. Living in France is much more expensive than on all Canary Islands, though. What about Italy or the South of Italy? It is beautiful. So is the whole region by Lake Como or Lake Lago Maggiore Italy with all the other lakes. Be my guest to invest there. But, it sure is not cheap if you want quality.

Bulgaria property investment:

Now, compare property investment on Thor Heyderdal's chosen island to upcoming investment heavens like Bulgaria... What do you think, the situation looks like there? Is there infrastructure? Don't ask me... What is the culture with its religion like and what about entertainment, health care, shopping and so forth? A friend of mine has spent a two week holiday there last year. The landscapes are beautiful, but he couldn't stomach the poverty. And, too much is being built there, too much.
Too much construction too fast isn't good any way and, winters are cold in Bulgaria. How will renting out facilities be in a country that needs much general improvements? It might become competitive one day, we cannot read the future. I for my humble self would not take that chance. But, for the purpose of renting out to tourists only, even Bulgaria may be a good investment.

Investing in property in Greece:

Here, I am totally biased, because I have a Greek friend who constantly criticizes the country of his ancestors. Please, somebody tell me what the situation in Greece is really like...I have a Greek friend in South Africa who is a doctor and who cannot stomach living there for long. Well, all a question of taste...

Investment in any other Balkan countries or, beyond Bosporus river:

Biggest Canary island property investment track record:

With property investment Tenerife you will always know where you stand. Culture and events will not stop. The Tenerife luxury hotel will always fill its beds. Tenerife tours are internationally popular. Tourism Tenerife has a steady good track record. The tourism boom started in the fifties. It can't last forever, though. Only licenses for luxury holiday accommodation are officially granted from now on.

Meantime, a healthy buying and selling keeps a good turn-over in the property market. Demand will always be high in Tenerife just like in Majorca.

Only large properties are not easy to sell. Or, not fast to sell... unless they really turn this small but, biggest of all Canary Islands into a real new Hongkong according to rumors and speculation articles in the media...It could happen in 5 years time, in 10 or, in 20...
Oh, and that would and will push Tenerife real estate prices sky high.

Mortgage rates Spain update for June 2009:

Investing in Tenerife at a good moment in time:

Right now, is a good time for investors to pick up a bargain in Tenerife in the months and years to come.

Constructors on the biggest of all Canary Islands don't have it easy any more to sell off Tenerife new developments. Also, off plan property investment Tenerife is taken with caution now, as cash strapped builders have become unreliable. Amazing offers with attractive conditions can now be negotiated with them, though. Also, lets not forget that luxury property will always find the right buyer.

Discover top property tips which are not only regional:

Get familiar with the area of apartments Tenerife north.... Now, is your chance to grab not only cheap but also good property to invest in... The mortgage crisis which is bad for locals, could be in your favor if, you have some cash.

Learn buying procedures and conditions :

This is very important no matter in which country you want to invest in property.

Also one important factor to be taken seriously is the location where a property is.

Rather go for a mortgage, which would mean investing more, than purchasing property in a cheap neighborhood.

Here is everything to help you with property buying procedures in Tenerife once you have found your perfect holiday home or, key property Tenerife.

As far as general tax laws are concerned a good accountant is important. Tax laws change by the year in Tenerife/Spain. It is impossible to know the latest. Only experts do.

Here is one of the best and old suburbs in North Tenerife which is worth looking into for people interested in investing in Tenerife property, provided something is for sale which doesn't happen every day.

Discover what can go wrong when you buy Tenerife property with 'uso fruct' or other strings attached. Uso fruct allows a seller to live on in a sold property until death. It also means, you can buy in the name of loved ones or anybody and enjoy the fruit (fructus?) or ownership for as long as you live.

Property investment Tenerife is possible in the south of the island, which is still in a region, where the sun does not burn too much during some days in summer. It's by the giant cliffs of Los Gigantes. Property investments in this Westcoast town almost buy you water sports and whale watching by your doorstep. Keep your yacht or sailing boat in its safe harbor...

Go from property investment Tenerife to a whole photo gallery apartment Los Gigantes to see this property straight away...

News last quarter 2009 Tenerife property investment:

Why Tenerife property sales statistics and square meter value are not good enough to help buyers and sellers ascertain property in Tenerife value by September 2009 and how look out for other criteria for successful property investment Tenerife...

More useful topics related to property investment Tenerife:

Investment property Tenerife with nostalgic flair:

There comes a time, when we had enough of the modern. We then long for something with more character. This can only be found in the traditional field, which may be sometimes antique.

Read up on Fincas in Tenerife.

compare such properties near towns or in more rural areas... Investments options may be surprising and varied.

Hear all about one traditional townhouse in la Orotava Tenerife and see photos of others...They are however museum pieces and not for sale but, are a good indication of what you could find.

Fincas which may be ordinary farmsteads often offer good investment options. They could also be real country estates.

Even, this come down potato finca (rural property) had good investment potential if the buyers circumstances had been right.

General tips about selling Tenerife property.

Local Tenerife property buying Know-how is vital.

Property investments Tenerife in penthouses:

Why you should grab penthouses in Tenerife north or anywhere on the island, by all means. They are worth financial investment sacrifices. They pay back for your investment. They are hot commodities, also because of the good Tenerife weather. Meantime, they are becoming scarce.

Speak and understand the local language...

Learn Spanish, if you want to become a serious investor in Tenerife...

Why?

Use my best way to learn Spanish to be able to pick up real property opportunities from local people...

Please, return to main real estate page with all links to learn more on Tenerife property Tenerife technicalities, in case, you've missed above links. There, you also find Casona photos. A Casona could be really interesting for investment.

Investment advice by a British source:

Effective investment property financing will show you how to layout the minimum amount for your investment property, whilst maximizing your returns. Primarily aimed at UK investors, this site will inform and educate you about investing in property either at home or abroad.

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