22nd Newsletter Edition - October 2007
The days are getting shorter, but fortunately the sun is still shining all day as we bring you November´s news from Tenerife. This month is packed with information: we have good news to share on inheritance and gift tax, new transparency in mortgages, and the first of our series on moving to Tenerife, concentrating on education. We report on a survey indicating just how many of you are planning to make the move away from the UK, and no wonder! Just as bad news comes from the UK about buy to let investments, it is matched by good news for those same investors here.
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21st Newsletter Edition - September 2007
September is here again, and even though the sun is still shining, summer is over. Of course to many of us who live here, it's lovely to be able to find a parking place, get served quicker at the supermarkets and find a deserted beach! While so many of us are considering quitting the UK and Ireland for balmier overseas climes, we look at their impact on the property market this month, and with the aid of an extract from a UK Newspaper, we check out the pro's and cons of moving abroad. As usual, we have a selection of news cuttings from the press, and some of the best properties up for grabs at the moment. We hope you enjoy this month's offering!
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20th Newsletter Edition - August 2007
As the mercury rises, residents in Tenerife are agog by the news bulletins of the UK submerged. Our first article charts a sudden upsurge in enquiries for new property in Tenerife, and cites the weather in the UK as a major factor. We also look at the uproar that has been associated with the British Press' inaccurate reporting of the Spanish property market in recent months, as experts and the Spanish public agree that much of it has just been sensationalist news, designed to sell more newspapers. In our third article, we report on a change in law that affects many expatriates, who are self employed. Dubbed as one of the most important laws since the 1980's, it makes self employment a less risky option. Finally, we have our usual selection of news cuttings followed by the cream of what's on offer in the property market at the moment. We hope you enjoy the read, and look forward to meeting you on your next trip to the sun.
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19th Newsletter Edition - July 2007
While we hear news reports from the UK of almost biblical flooding, the weather here is glorious. As always, we have some interesting articles for you, starting with the upward trend in long term lettings. You'll probably be hearing a lot about this in the future, but remember, you read it here first! We follow that in a light hearted vein with a poetic contribution from an eleven year old, look at the progress of two new developments and a look back into history with Admiral Nelson. As always, we have some of the more interesting news cuttings from the island, and inspired by all the ‘REBAJAS' posters in the shops, we have a summer property sale! All the best bargains and deals are laid out for you to pick from.
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18th Newsletter Edition - June 2007
It's already June, and we're battening down the hatches to prepare for the annual tourist inundation here, having enjoyed a tranquil May. In this month's newsletter we kick off with an interesting article showing why the property market in Tenerife has been so different from mainland Spain. We also take a less than nostalgic look back at life in the dear old UK, and reveal some shocking differences with life here. New developments in Amarilla Golf are making fantastic progress, and we bring you some pictures from Royal Marina Golf, where foundations have now been laid. And as usual, we bring you cuttings from the local news as well as the newest instructions, best bargains and the cream of our resale portfolio. We hope you enjoy the read.
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INTERNATIONAL PROPERTY AWARDS
Tenerife Property Shop S.L. and San Blas Village both won awards last Friday at the Bentley International Property Awards. The fact that awards have been won by two companies in Tenerife is an indicator of the growing importance of Tenerife in the international property market.

ECONOMY LOOKING UP?
Tenerife Property Shop released a report this week suggesting that the local economy may be healthier than we think. The report shows an increase in the total number of clients viewing properties compared to the same period last year. This is in contrast to concerns voiced by many local businesses.

PROPERTY SELLERS BE AWARE
More evidence supporting the close correlation between the housing market in the UK and the south of Tenerife came out this week with similar reports from here and the UK.

RESALE PROPERTIES TAKE LONGER TO SELL
The average time taken to sell a property is on the increase. Information released by the council of estate agencies (Consejo de Colegios de APIs) and the Association of Developers and Constructors of Spain (APCE) says that apartments in Spain now take an average of five months to sell, an increase of over 25% over the previous year.

TENERIFE BUSINESS INVESTS IN QUALITY
Tenerife Property Shop S.L. has announced a new initiative to further improve the quality of service to clients. The company is undertaking a complete audit of all its systems and procedures with a view to restructuring and improving.

THE AGE OF THE GOLF DEVELOPMENT
Golf continues its pulling power as an attractive feature for property buyers. Tenerife Property Shop released a report this week based on their own evidence and citing figures released by other experts on the Spanish property market. Developments on golf courses prove to be continually popular with overseas property investors because of the sustainability of returns.

TENERIFE PROPERTY MARKET GROWTH
Tenerife Property Shop, released their monthly analysis of the South Tenerife property market today. The report highlights trends in prices, activity on the market and draws parallels with the UK property market, which it cites as a major underlying factor in determining the direction the local market will take.

BEST SPANISH ISLANDS ESTATE AGENT And the winner is … Tenerife Property Shop!
Glamour, style, success, champagne, celebrities and awards – it all sounds rather like Oscar night. And there were remarkable similarities as 450 of the biggest stars in “Propertybiz” from all around the globe gathered under one roof for the most coveted International Property Awards in the business.

GOVERNMENT TO SET UP RENTAL AGENCY
The effects of a socialist government in Spain may well benefit property investors in Tenerife, say Tenerife Property Shop. The government has confirmed that it will set up an agency to rent out property on behalf of owners.

HURRICANE FREE CANARIES
The trend in buying second homes in Florida and the Carribean by British and Irish purchasers may be suffering a setback due to the recent hurricane damage experienced in the area. This has had a positive knock-on effect on the Tenerife property market, according to analysis from Tenerife Property Shop S.L.

TENERIFE PROPERTY WINS A DOUBLE!!
Champagne and celebrities! Both were free flowing as TV stars joined 450 guests from all around the globe in celebration of the hottest international property awards in the business. Tenerife scooped two awards! The Islands best known Estate Agent, Tenerife Property Shop and San Blas Village walked away with two of the coveted awards.

SAN BLAS VILLAGE IMPRESSES AGENTS
Tenerife Property Shop S.L. held a presentation to selected agents who will market San Blas Village, the new luxury resort being constructed near Golf del Sur. The presentation was opened by Bruce Grindley, Director of Tenerife Property Shop, with highly informative talks by fellow Director, Mary Spencer and Pedro Perello, Marketing Director of AQA Group, the developers.

SUPERNATURAL?… SUPER INVESTMENTS!
As a new development in the ever popular Golf Del Sur reached completion stages last week, we discovered that the supernatural may have had a part to play in the spectacular returns investors have experienced. The second, and last, phase of Ocean Golf & Country Club is now being passed from the developers to eager owners with the help of Tenerife Property Shop S.L., the exclusive agents for the complex.

TENERIFE PROPERTY DRAWS UK INVESTORS BACK
Tenerife Property Shop predict an increase in confidence from UK property buyers. British buyers are an important factor in fuelling the demand for property in Tenerife, and the cooling down in property prices in the UK had a knock on effect on purchases in the South of Tenerife in the last quarter of 2004.

TENERIFE PROPERTY SHOP LAUNCH AMARILLA GOLF TRADE UP PLAN
Tenerife Property Shop, the award winning Estate Agent, launched a new plan to help owners in Amarilla Golf to purchase homes in the new developments that are currently being released. The trade up plan will allow Amarilla Golf owners to reserve a unit in one of the new developments with a deposit and defer payment of the balance until their existing property is sold.

THE BOOM GOES ON
The Financial Times have released a special report on Spain showing that the Spanish property boom continues, fuelled in part by an abundance of cheap credit. Bank loans in mid-2004 were growing at an annualised rate of 16.3% - six times the 2.6% rate of growth in the economy. House prices, which have more than doubled since 1996, rose by 17% in the first six months of 2004.

TENERIFE PROPERTY SHOP S.L. CELEBRATE 18 YEARS
Tenerife Property Shop S.L. celebrate eighteen years of serving the Tenerife property market. Thousands of buyers and sellers have experienced their unique brand of professionalism and customer care. When asked what was the secret of their success, Mary Spencer, Director of Tenerife Property Shop replied, “It hardly seems like eighteen years have gone by! I am sure that we have stayed at the top by being uncompromising about the high quality of service we offer to purchaser and vendor alike.”

TENERIFE PROPERTY RECOVERING
Tenerife Property Shop, in their regular report on the property market, record an increase in transactions for the month of February. A rise of 9% in the number of transactions on the previous year is further evidence that the property market in the South of Tenerife may be starting a tentative recovery after a slow second six months last year.

BRITS OWN 42,000 PROPERTIES IN TENERIFE
How many properties in Tenerife are British owned? A question often asked, but one which few have been able to venture anything less than a speculative answer. There is no single database, government or otherwise, with this information. Tenerife Property Shop, well known as a reliable source of information about the property market in Tenerife, has released a new report which gathers together research undertaken by various bodies including Spanish Insight, Spanish Government (Ministry of Housing, Ministry of the Interior), Office of the Deputy Prime Minister, IESE Business School, El Mundo, ICEX, APCE, AFI and Barclays Bank.

TENERIFE PROPERTY STABLE WHILE UK STRUGGLES
With the UK property market struggling, owners of property in Tenerife can be reassured by research from Foreign Direct Investment, a financial Times publication and Tenerife Property Shop, the leading Estate Agency on the Island.

INTERNATIONAL PROPERTY AWARDS
Tenerife Property Shop S.L. and San Blas Village both won awards last Friday at the Bentley International Property Awards. The fact that awards have been won by two companies in Tenerife is an indicator of the growing importance of Tenerife in the international property market.

THE DIFFERENCE BETWEEN BUYING IN THE UK AND TENERIFE
An Estate Agent in the UK is essentially a marketing company. They take on properties from vendors and sell on their behalf, and that is the limit of their responsibility. When I last bought a property in the UK, I never actually met the agent. I viewed the property with the owner, after the agent had made the appointment over the phone. I made the offer by fax, and dealt with my solicitor after that who handled the process.

EL NAUTICO
Walking into the reception atrium, I am immediately struck by a column of light which falls lazily from the glassed ceiling several floors above and disappears past the balcony to bathe the floor below. Plants trail from each level, following the light down, as if caught in its stream. I cross the immaculate marbled floors and a feeling of understated opulence pervades the atmosphere.

PROPERTY BITES : VIEWING PROPERTIES
Before viewing, try to be as clear in your mind as possible about what you want to buy. There’s so much to see, you need to limit yourself as much as possible, or you will waste so much of your time and simply become frustrated.

TIPS TO SELL YOUR PROPERTY
Selling your apartment or house is one of the most important steps you will take and a few simple suggestions will go a long way. The most important decision to make is whether you definitely want to sell your house. Although this might sound like a given, it is not. Some people try to sell their homes before they are ready.

VILLA PARADISO
Should an estate agent ever use the word ‘palace’ to describe Villa Paradiso, they wouldn’t be exaggerating. Villa Paradiso is the flagship property in an enclave of millionaires’ mansions located in San Eugenio Alto.

PROPERTY INVESTMENT: HOW TO BE A WINNER
One of the questions I am asked most often by eager property buyers is ‘how do I make this an investment, rather than just a luxury?’ Obviously there is not enough space on this page to explore this question in too much detail and each individual case requires very specific advice, but let’s have a look at some of the basics that are worth considering.

INVESTING IN A ‘RESALE’ AND MAKING IT PAY
Our short series on investment in property continues on from a look at purchasing a property in construction, with what to look out for when investing in a resale property. First off, what do we mean by ‘resale’? It’s a word that we don’t meet much in the UK, but it simply means a property that is not bought from a new development.

BUYING A PROPERTY TO CONVERT INTO A RURAL HOTEL
Buying a property to convert into a rural hotel is likely to be a growing trend in Tenerife as demand for this type of accommodation is predicted to rise in the future. Existing rural hotels are rare on the market and when they do appear, prices are at a premium. Managing your own conversion is probably the only way to achieve this goal at a reasonable cost.

THROUGH THE KEYHOLE - VILLAS CAPITANA
Pauline and Terry Hewitt first moved to Los Gigantes in Tenerife in 1999. Being self confessed nomads, their wanderlust had them soon moving again. They bought their second property in Adeje in 2002, while it was still in construction.

WINNING WITH PRE-CONSTRUCTION INVESTMENT
Last month we started to explore property from an investment perspective. Over the next three editions we’ll focus on the three ways of investing in residential property: purchase of a property in construction, an existing property and lastly the purchase of a property for refurbishment.

THE BRITISH ARE BACK!
The influence of British buyers on the Tenerife Property Market is not to be underestimated. A report at the end of last year by Tenerife Property Shop put British ownership on the island at about 42,000 homes, a significant share on an island with a population of only 813,000, according to the latest official statistics. Given that British ownership is concentrated in certain areas, such as the south, this influence becomes the overriding factor in charting demand and prices.

24,000 NEW MILLIONAIRES IN SPAIN THANKS TO RISING PROPERTY PRICES
Property owners in Tenerife received another confidence boost with the publication of a study by Merrill Lynch and Capgemini. The study shows that the number of Spanish residents with a million Dollars or more in liquid assets (excluding property, jewellery, art and other fixed assets) has risen to 129,000, up by 24,000 since the year 2001. Experts attribute this rise in the number of millionaires resident in Spain to profits gained from property sales. Tenerife Property Shop, experts on Tenerife’s property market, maintain an index of island property prices which confirms this research.

COSTAS SUFFER AS TENERIFE RECOVERS
In a climate when UK house prices are stagnant, the Costas are feeling the pinch and other islands in the Canaries are finding properties hard to shift, Tenerife Property Shop reports sustained demand for property in the south. On the mainland, a variety of bodies have mixed predictions for the rest of 2005. According to the Director of the Cadastre (the local government property registry), Jesús Mirana, says that he expects the slowdown to continue over the next few years.

PROPERTY BUYERS SURVEY REVEALS 63% HAPPY
A new survey conducted by Inmueble and Spanish Property insight reveals that some 63% of buyers are happy, or very happy to have bought a home in Spain. A number did not respond, and only 6% were unhappy to have done so. In recent years there has been a stampede to buy property abroad, principally in Spain. New magazines and TV programmes have jumped on the bandwagon and countless estate agents have appeared from nowhere.

TENERIFE MARKET REFLECTS THE UK
UK house prices edged up slightly for the second month in a row in January, according to Halifax's monthly index, published today. The increase was modest, a rise of 0.8% this month. But the significance is much greater than the percentage rise. The UK has been suffering from a stagnating, and even declining market for the last year, which naturally impacts upon demand for property in Tenerife, especially in the south.

UK TAXMAN TO HELP PAY FOR TENERIFE HOMES
New laws in the UK will mean that buyers will be able to put their homes in Tenerife into their pension funds. This will mean generous tax breaks for those who buy using this method. Tenerife Property Shop released a report this week which analyses some of the pros and cons of this new change in UK pension laws, which will take effect from next year.

Tenerife Property Shop ties knot with Savills
Tenerife Property Shop S.L has recently been named the exclusive associate in Tenerife for Savills, the leading international property services group with extensive expertise in global property markets. Find out more about how to buy Bulgaria Property

CAM INVEST IN SAN BLAS VILLAGE HOTEL
The “Caja de Ahorros del Mediterráneo”, better known as CAM bank has become a thirty percent shareholder in the San Blas Hotel, currently being constructed by AQA, between Golf del Sur and los Abrigos.

It’s a Buyer’s Market
Buyers are now in a position of being able to choose from more properties than ever before...

Property Pictures
How to sell your property with pictures

Negotiating the sale of your property
Tips for sellers

Spanish lifestyle draws expats
Tenerife Property Shop cite lifestyle as one of the major reasons why foreigners buy property in Tenerife.

Successful Renting: Making your Investment Pay
Maximising rental income

More demand for Property
New buyers are moving back into the housing market as the number of properties coming up for sale has stopped growing, Tenerife Property Shop reported this week.

How to make a successful rental business
How one investor turned his Golf del Sur apartment into a successful rental business.

Tenerife Property in Demand Again
After the months of speculation and wildly varying predictions, the local Tenerife property market is showing that it is a good deal more robust than many experts had predicted.

TENERIFE BOOMS WHILE COSTAS SUFFER
While the Costas and mainland property sales struggle with oversupply and decreased demand, Tenerife is benefiting from the effects of the moratoria on new construction that has been in place since 2001.

Getting Good Advice
The importance of ensuring your agent is able offer you good advice

Why is Tenerife so good for rental investment?
Changing holiday habits benefit rental investors in Tenerife

Finca Paloma
A Beautiful finca in El Salto

Why is Tenerife so good for rental investors?
Changing trends in holiday habits benefit Property Investors in Tenerife

Suntan Lotion is NOT Adequate Protection
How to ensure peace of mind and security in your property purchase