Safety in Numbers

The world is an ever-changing place, and quite dangerous one too. When you buy a property abroad, safety has to be one of the most important issues affecting your choice of where to buy. You need to look both now and into the future, because owning a home tends to be a medium to long-term investment. So when you choose a place to buy a property abroad make sure you can tick the three big safety boxes:

How to buy Property... at the Wrong Time!

Most people buy property at the wrong time. The reason why is that they spend so much time waiting until they are sure that it is the right time to buy, that they miss the moment entirely. It is the easiest trap in the world to fall into, which is why almost everybody does. This article will help you avoid the trap.

Lessons Learned from Overseas Property Investment

When the banking crisis hit the overseas property market it revealed some fundamental flaws that were created by speculation and greed. Now that the dust has settled and recovery is underway, investors can learn from the errors of others and make sure that they don’t repeat the same mistakes.

Booming Tenerife!

Tenerife is once again heaving with the numbers of tourists on the island. This summer is turning out to be a boom-time for tourism in Tenerife and with good news coming in from all directions!

Golf Bounces Back... and Investors Reap the Rewards

While many rental property investors in Tenerife have been feeling the recession pinch, golf home owners have already seen the end of the dip. Some of the biggest winners in the post-recession comeback are those who rent out properties in the Golf del Sur and Amarilla Golf areas.

Spanish Property Market Picks Up

There has been good news this week for property sellers as the signs of property market recovery are filtering through to the national statistics office in Spain. The newly released statistics for February of this year show that new mortgage lending in Spain rose for the second month running, by 8.5%.

Roll Back, Roll Back!!

An amusing look at a serious offer

We’re rolling back time and rolling back the exchange rate to yesteryear!  We’ve had enough of this Euro hanky panky undervaluing the good old Pound and putting off British buyers… its just not cricket!

After the Storm: Why Tenerife is the Perfect Climate for Investors

As the recession unravels, the elements that caused the perfect storm for real estate are now creating the perfect conditions for property investors to feast again.  Here are 5 of the most important reasons why investors are sensing the change of weather and creeping hungrily out of their recession hibernation, armed with a new sense of confidence.

5 ways to keep up with Tenerife Property News

Here's five ways to keep up with the latest Tenerife Property News.  Four of them do not require drinking, but the fifth one will!

Spain Property Purchase Tax Rises

… but Tenerife stays low

Spain’s government is to raise the VAT rate on new properties purchased from 7% to 8% in 2010.  The cost of purchasing a home in Tenerife is to remain the same.

Why New Developments are back in fashion!

For the last year or two, buying new developments in Tenerife has been going gradually out of fashion, but now things are suddenly changing.  In fact, so many people have been enquiring about new developments this Autumn that we decided to look into the reasons for this popular change of heart.

Rent a Property in Tenerife or buy one?

One of the first decisions to make when planning to relocate is whether to rent a property in Tenerife or buy one.  Whereas buying used to be the preferred choice for people relocating to Tenerife, because nobody likes to throw money away on rental, the recession scared people.  Because they feared that property prices would decline, they opted to rent a Tenerife property until they felt it was the right time to buy.  But now the trend is reversing again.

Think Again

It cannot have escaped your notice; the fresh breeze of positive thinking is starting to blow away the stale, musty smell of doom and gloom.  Here, there, everywhere, people are talking recovery, growth and confidence.  You can hear it, feel it, smell it.  You may have adapted to the recession and survived it, but now its time to think again.

The Best Tenerife Property Bargains are not the Cheapest

Property prices in Tenerife, in common with the rest of the world, have suffered at the hands of the recent recession, but new evidence shows that demand for Tenerife Property has now turned the corner.  Buyers over the coming months will be looking beyond the cheapest properties as credit constraints relax and their buying power grows.

The Day the Tenerife Property Market hit Bottom

We know that there are literally hundreds of people waiting to be sure that the Tenerife property market has hit bottom before they purchase their own homes in the sun.  We can now say with some certainty exactly when the Tenerife property market actually hit its lowest point.

Top of the Props!

We have been tracking clicks on our website and from these statistics we can work out the most popular properties on the site, as voted by your clicks.  So here’s the countdown of the top 10 Tenerife Properties for July!

Tenerife’s ‘best of both worlds’ set to tempt buyers

Primelocation, the UK property portal, has published the results of its latest survey which shows that foreign property is once again rising in popularity, and it looks like Tenerife is set to benefit.

5 Reasons Why its the Best Time to Buy Tenerife Property

A combination of factors will ensure that demand for property in Tenerife accelerates as summer turns into autumn in Tenerife.  Many bargains have already disappeared from the marketplace, and it looks like the summer will be the best time to grab those that remain because come the autumn buyers will be back in force.

The Shrinking Property Glut

The Spanish property glut turns out to be half the size that many economists had previously estimated, according to the most comprehensive survey yet undertaken. 

Tenerife Residential Property Market Recovery

Although the main resort areas of the southern coast of Tenerife are experiencing a revival of demand, the same cannot be said for residential property located further inland.  These are the primary homes of expats and locals who are resident, and are located in the many towns and villages around the island. 

Market Update: Where have all the Tenerife Bargains gone?

Hopeful property buyers with budgets less than 120,000 Euros expecting to be spoilt for choice have been surprised to find that they only have one or two real ‘bargains’ to consider.  Though the general market can e said to have settled at a ‘good’ price, that’s not what these aspiring investors are looking for.

Finding a bargain area in Tenerife

One of the best ways to give yourself a head start as a property bargain hunter in Tenerife is to choose an area that is likely to rise in value at a faster rate than others. As Tenerife property prices continue their slow rise after stagnating during the recession, some areas will experience greater demand, which will accelerate price rises, while others will lag behind.  A good bargain hunter will need to use market knowledge and experience to home in on the area most likely to grow in value.

The 5 Stages of Property Price Recovery

So many people are trying to figure out exactly when Tenerife property prices are going to reach the bottom, because that’s the moment when they want to buy. Some choose crystal balls, others soothsayers or astrologers and those with a more exotic approach to planning may even turn to the weird and wonderful world of statistics.  Regardless of which method you choose, at the end of the day it often just boils down to guesswork.  However, armed with an understanding of the 5 stages of house price recovery, you can remove the guesswork and make sure that when you come to buy, you are doing it at the best possible time.

CAM Bank Reposessions in Tenerife

Banks are having to take a different approach to disposing of properties where the debt has turned bad. CAM Bank, one of the larger Spanish institutions, has taken the bold step of making all their properties in danger of repossession available to the general public through selected agents around Spain.

Green Shoots in Tenerife Property

The green shoots of spring are becoming increasingly evident in the Tenerife property market after a quiet economic winter.  Sales activity in the Tenerife South micro-market is picking up pace, continuing a trend that tentatively started in January, according to statistics.  Signs of recovery in property are not restricted to Tenerife, as markets over the world start reporting increasing confidence.

Tenerife Market Bouncing Back

But House Prices will take longer

With pundits from all over Spain telling us that property prices have bottomed out, enquiries for property in Spain and Tenerife have taken a jump.  Internet portals report a massive 26% rise in Spanish searches, although the average value of property sought after has dropped.  However not all countries, have seen a rise.  The USA, France and Greece have all experienced a decline in interest.

How Low can you Go?

To the casual observer, the Tenerife property market at the moment may seem like a placid sea with not much happening, but don’t let this fool you.  Beneath the surface is a seething turmoil of offer and counter offer as bargain hunters and vendors do battle over sale prices.  But for many, the hard fought day ends in disappointment as buyers go home empty handed and sellers settle back to wait for the next offer.   

Booming at the Bottom!

The property market in Tenerife as a whole may be in the quiet side, but in one area at least, sales are booming.  Properties under 150,000 in good locations are still selling fast and where they have been well publicised, they are spending less than a week on the market.

Signs of Optimism

Amidst the doom and gloom reports that surround us, UK’s property pundits were surprised that house prices unexpectedly jumped 1.9 percent in January, the first increase in almost a year, according to the Halifax house price survey.

A Time to Buy

The old adage that 'the early bird gets the worm' describes Tenerife's property market pretty well at the moment.  Two months ago nobody could see an end to the property slump but now we are at least beginning to see the light of dawn at the end of a black night.  Analysts are starting to be cautiously upbeat about property in Tenerife and beyond, many forecasting the turnaround point.  In layman’s terms, this means that the property market is currently ‘bottoming out’.

Tenerife Property: The Time is Now

Articles about property are somewhat depressing at the moment.  The media have become like the haggard witches and soothsayers of old, pointing grizzled fingers into a dark and gloomy future and assuring us all of certain doom.  But as we all know, the media tend to follow what is happening, reporting after the event and if past recessions are anything to go by they will still be doling out dire warnings months after the bottom has been reached.

Who’s buying now?

Battle weary Brits stumble off planes in Tenerife, squinting at the first bright sun that many have seen for ages.  Downhearted by the barrage of negative press in the media, they are a disconsolate bunch, shuffling towards the baggage carousels, so pessimistic that they seem half surprised that their baggage was not lost on the journey.  Could these be the buyers that that are now returning to the Tenerife Property Market?

Stalemate in Tenerife

It is not just the credit crunch that is stalling sales on the island, but also buyer expectations.  Bargain hunters in Tenerife need to adopt a different strategy.