That’s it, you are now the proud owners of that place in the sun you have been dreaming about for a long time … or maybe not so long!
So, now you need to make sure that you are looking after it properly by ensuring that your property has adequate insurance. The process is very easy, and we can provide you with a comprehensive quote in English, Spanish, German, or French.
If you own a property in a complex, you will pay community fees. You might hear that you only need contents insurance as the building is covered by the community, and therefore covered within your community fees. This is not 100% correct. The community has insurance for the building, yes, but only for the communal areas and structure. This means that once you open your front door and are inside the property, if something happens to your building (walls, floors, pipes, windows etc.), it is your responsibility and not that of the community. The community will only be liable if there is a leak or breakage in the waste pipe that is hidden somewhere in a column within your property, and that goes from the top floor to the ground floor. If it is a broken pipe from, let’s say, your sink to the main waste pipe, then it is not covered by the community. Another example: if there is a small fire due to the white goods in your kitchen and the walls need re-painting because of the smoke. Well, as you only insured the contents, you will end up with a paintbrush in your hand!!
The buildings insurance amount is based on the m² of the property, and the insurance company estimates a price to rebuild (this differs based on the area your property is located in and the kind of construction). That amount will be much lower than the price you paid for the property, but remember that you also bought the location, which you will never lose, even if there is a problem with the building.
The contents amount includes your kitchen and white goods. The average cover for a 1 bedroom apartment is €12,000 – €14,000 (it goes up quickly when you add furniture, linen, electronic equipment, and other household items). So, for a one-bedroom apartment that you are not renting out, the insurance premium will be in the region of €175 per year (a bit more if it is a ground-floor property), and up to €225 if you are renting it out (long-term only). Please note that the insurance also includes a third-party liability of €300,000, which can be increased if you feel you need more coverage in the event of something happening to one of your guests.
If you have decided to live in Tenerife, you might also consider buying a car. It is worth noting that having more than one insurance policy may allow you to take advantage of a discount. You might also consider taking life insurance with a view to covering any inheritance tax costs by paying only a couple of hundred euros in premium per year. Or perhaps you might consider health, dental, or pet insurance.
Why do we know all that? Simply because Tenerife Property Shop is an agent for Caser Insurance. Caser has a dedicated expat insurance department, allowing Tenerife Property Shop to offer you tailor-made insurance policies that really adapt to your needs.
So do not hesitate to contact us for a quote, better to be SAFE than sorry!
Welcome to the latest edition of the Tenerife Property Shop Newsletter.
It is hard to believe that we are already in the month of May and Summertime is fast approaching, continually poking its gloriously sunny face over the eastern tip of our island each morning, providing us with a wonderful 13 hours of daylight, before disappearing in a cascading fountain of, pinks, purples and orange behind our neighbouring island of La Gomera.
The sunshine months in Tenerife not only indicate the start of lazy days by the pool, or sipping cool drinks on one of our many sandy beaches, but it also signals the start of festivals and fiestas all over our island. Whether you are into Latino pop, dance music, reggaeton or just want to party like a local, there is a little bit of something for everyone this Summer.
Summer 2022 also marks the long-awaited return of the famous Santa Cruz Carnival, which is the second biggest Carnival in the world after Rio De Janeiro, this is a huge achievement considering we are a relatively small island in comparison to a nation the size of Brazil. The Carnival traditionally takes place in February but this year the action kicks off on the 3rd June and lasts pretty much the whole month. Every year the Carnival has a different theme and the theme this year is "Science Fiction" so it is time to raid the dressing up box and be an astronaut for the day.
In addition to the festivals, fiestas and Carnivals taking place, many of the nightclubs and beach clubs are welcoming world-renowned DJ’s to the island, and dancing into the Sunset or the early hours of the morning is the order of the day. So whatever your musical tipple, you should dust off those dancing shoes and get practicing your moves John Travolta style.
Here at Tenerife Property Shop, we were hoping for a break over the Summer period, but with the vibrant property market showing no signs of slowing down, it looks like whilst everyone else will be enjoying a cocktail or two, we will be pushing on through and assisting purchasers and vendors alike with the next stage of their Tenerife Journey. As one ownership journey ends, a new one begins, and we are always proud to be a part of this experience.
Without getting all Nostradamus on you, regular readers of our newsletter may recall that, back in our April 2021 edition, we predicted that there would be a surge of property sales post Covid19, and this has most definitely been the case … and if you need any physical evidence, please feel free to visit our contracts department in Puerto Colon, who haven’t visited their homes since last July, such has been the sheer volume of notary completions they have been wading through.
We knew there was a shift coming in the diversity of prospective purchasers, and we were acutely aware that there would be more contact from the Mullers than the Millers, and we would be swapping Mr & Mrs King from Walsall for Mr & Mrs Kowalski from Warsaw, but we were not fully prepared for just how big a change we were in for.
It must, however, also be said that the British, contrary to their neighbouring countries beliefs, are still purchasing property despite the Brexit (we are so bored of that word) Schengen shenanigans, so we are still a long way from seeing "Fish & Chips" and a traditional "Sunday Roast Beef" disappearing from restaurant menus.
The demographic makeup of prospective purchasers is arguably the most varied, we have ever witnessed in our 35+ years of selling property here in Tenerife. This new wave of purchasers from other destinations across Europe and beyond is providing us with exciting times ahead and is adding a real cosmopolitan vibe to the Island, this incidentally can only be regarded as positive step in safeguarding Tenerife’s future property markets as the island is less reliant on only a few countries leading the way in terms of investment.
In addition to the high level of demand, and what appears to be the largest movement of people within the European region since World War II, the East of Europe being particularly prominent in this locational shift, we are also aware that many owners who may have been considering selling their property, now have a reluctance to do so. Why?
It would appear that nearly 2 years of paying for something that you were not able to use, and were essentially starved of, has proved a bitter pill to swallow, and many Tenerife Property owners are displaying a reluctance to cash in on their most prized asset … and who can blame them? We are a safe destination, only 4-6 hours away from most Northern and Eastern European destinations, all offering regular flights to and from our island. It is also an economical existence here, compared to other parts of the world, and let us be honest, who wouldn’t swap Aberdeen (no offence Dons, it was purely an alphabetically based decision) for Adeje in January.
Picture the scene, you are planning on flying to your apartment in Tenerife, where upon arrival you will be engaging with your friendly, knowledgeable, professional, fully insured and very modest estate agent, Tenerife Property Shop, to discuss selling your property. You taxi down the runway of your local airport, and you are up and away. You have left your home country, where it is cold, rainy, dark and dreary, and within 5 hours you have the sun on your back and a sangria in your hand … fantastic! "Beryl cancel the call to the Estate Agents, we are going nowhere, now where is that factor 50!".
In terms of visitors, we are almost back at 2019 levels, which is fantastic news for all the businesses here in Tenerife, and something we will never take for granted.
In 2021 a total of 2,675,000 visitors arrived at either Reina Sofia airport in the South, or Los Rodeos in the North, and the first three months of this year has already seen 1,362,404 visitors grace our presences.
To put the above into context, and demonstrate how far we have come since those lonely days on the rock, the comparisons in terms of tourist numbers to 2019 are becoming closer as each month passes:
January 2022: –24.8% compared to January 2019
February 2022: –6.0% compared to February 2019
March 2022: –3.3% compared to March 2019
*figures via Fitur
When you consider the world is a very different place, the above figures make for comforting reading for the residents of Tenerife, and prove that we are back!
If you are considering buying or selling a property in Tenerife, there has never been a better time. If you already have your home in the sun listed elsewhere but have yet to see any signs of progress, you really need to call us today to discuss your options.
So, what are you waiting for, your Island awaits you!!
We wish you all a wonderful Summer, wherever you are or wherever you go, stay safe, be nice, and wear a smile on your face.
We look forward to hearing from you.
Please feel free to contact us for more information, or with general enquiries about Buying or Selling Property in Tenerife.
We are pleased to report that everyone is busy on the island and after battling with strong winds and calima recently, the sun is shining again and all is well in Tenerife.
Property sales have kept us busy over the recent weeks, and things seem to be settling down to some sort of normality. It’s good to see familiar faces back on the island, with everyone enjoying their favourite restaurants, bars or just relaxing on the beaches.
Demand for property is on the increase, and for those of you who are thinking of selling, now would be a good time !
Let us know if you would like any advice or help in marketing your property, we are here to assist.
Recent meetings have shown that Developers are taking an interest in constructing new developments once again, which augurs well for those of you interested in new builds. Let us know if you fall into that category and we will keep you informed as talks progress.
There are some interesting one bedroom properties available on a well established development, don’t leave it too late or all the best positioned ones will have gone.
February is well underway and in Tenerife a new month brings changes to travel rules, restrictions, events, laws, and other important matters that affect life here on our beautiful island. Here are some newsworthy items for February 2022 that you may find interesting.
The return of our Carnival.
Bit by bit we are seeing the annual festivals and ceremonies returning to the streets of Tenerife. It has been two years since we have been able to host our Carnival. Some cities around Spain have decided to continue to embargo this highly popular February event, but in Tenerife we can see that the dust sheets are starting to come off the floats and the groups of performers are preparing.
However, for the time being, Tenerife is still playing it safe to help prevent the spread of the Omicron variant and as a result, our famous February carnival has been postponed for the time being and now expected to take place in June.
New UK-Spain travel rules.
February 11th will mark the end of testing requirements for fully vaccinated UK-bound travellers, including the post-arrival Day 2 tests that travellers from Spain had previously been forced to pay for.
From 1st February, Spain changed its travel rules. UK tourists heading to Spain who completed their initial Covid vaccination more than 270 days prior to travel to Spain, will have to show proof of having received a booster jab to be allowed to enter the country.
Changes to travel rules and Covid certificates.
Being fully vaccinated against Covid-19 will no longer be enough for many international travellers to visit Spain from the 1st February 2022.
Spanish authorities have followed the EU’s recommendations to Member States and updated the country’s travel rules regarding Covid-19 health passes and required vaccinations. The main change is that if you completed your initial Covid-19 vaccination more than 270 days ago (around 9 months), you will need to show you have had a Covid booster shot to be able to visit Spain. EU Digital Covid Certificates which are older than 9 months will cease to be valid for travel in Spain unless they show a booster shot.
However, EU citizens, foreign residents of Spain, Spanish nationals and other categories are exempt from having to show proof of a booster shot to enter the Spanish territory, even if they were fully vaccinated more than 270 days ago.
New antigen test rule
From the 1st February, people travelling to Spain who need to take a Covid-19 test to enter the country will have to get tested within 24 hours before their arrival in the country rather than 48 hours if they choose an antigen test.
This currently affects unvaccinated travellers from EU/EEA nations as well as Spanish residents and nationals who haven’t had any Covid-19 doses, and several third-country categories relating to essential travel. Unvaccinated travellers from the majority of non-EU/EEA countries cannot visit Spain.
Changes to the wearing of face masks.
The Spanish government has decided that wearing a face mask in outdoor public spaces will no longer be compulsory and plans to approve a decree to this effect which came into force on 10th February.
However, as has been the case since summer 2020, masks still need to be worn outdoors in situations where keeping a minimum distance of two metres from the next person is difficult or impossible. The only exception is on bar and restaurant terraces.
Spain’s economy grew by 5.0 percent in 2021, showing a remarkable bounce-back from a year earlier.
This exceeded the expectations of the Bank of Spain and the OECD, which were both estimating growth of 4.5 percent and it also exceeded the expectations of the International Monetary Fund (IMF), which had expected the economy to grow by 4.6 percent.
In recent months, Spanish household spending has suffered from increasing inflation, which reached a high of 6.5 percent in December due to surging energy prices, which is being experienced by countries worldwide. According to a Spanish think tank, inflation is expected to slow slightly in 2022 but remain at a high of around 3.5 percent, while growth in the economy should accelerate to 5.6 percent, allowing for the losses of 2020 to be finally reversed.
Whatever your query, the Tenerife Property Shop Team are here to help in any way possible.
We, as a company, are very proud of our reputation, and nothing pleases us more than the wonderful feedback and testimonials we receive from many satisfied clients, both vendors and purchasers. Below you can see two new Google reviews we have just received this week, and you can view many more on our Website, Google & Facebook.
Understanding the 90 out of 180-day rule for visiting countries in the Schengen area, including Tenerife.
British people who own a second home in Spain now have to plan their time carefully, to not break the law by overstaying the permitted limits of staying in Spain and all the other countries in the Schengen area.
Understanding the rules.
As you probably know, since the start of 2021 non-resident British owners of property in Tenerife can stay 90 days in any 180-day period within the Schengen Area, which includes Spain. The date of entry is considered as the first day of stay in the Schengen territory and the date of exit is considered as the last day of stay in the Schengen territory.
However, it is possible to leave and re-enter the Schengen Area several times during that six-month period. The 180-day reference period is not fixed, but is a moving window, on the basis of looking backwards.
That means taking a calendar and highlighting all the time you have spent in Spain and other Schengen countries during the past 180 days. If police or border officials ever question how long you’ve been in the EU, this will be how they calculate if you’ve overstayed or not.
You must understand that the Schengen rule does not work with the calendar year but is always a case of counting back 180 days.
Schengen countries are Austria, Belgium, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Italy, Iceland, Latvia, Liechtenstein, Lithuania, Luxemburg, Malta, the Netherlands, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden and Switzerland.
Time spent in any of the above countries is taken into account, and not just your stays in Tenerife or Mainland Spain when calculating the duration of your 90-day visa-free stay.
Whatever your preferences or calculations for your time spent in Spain and other Schengen countries, once the 90 in 180 day-period is over, you will have to spend 90 days outside of the Schengen Area. An absence for an uninterrupted period of 90 days allows for a new stay for up to 90 days.
Remember that you are always counting back the last 180 days, so if you have not exhausted the 90-day limit over the past six months, you will not have to leave the Schengen Area until that is the case. When that happens, know that 90 full days outside of the Schengen Area and Spain will give you a new period of 90 days.
Planning for winter in the sun.
If you kickstart your 90 out of 180-day period during the summer in Spain, it will mean that the six-month window will end in winter, and you won’t be able to enter the Schengen Area for the next three months. For many Brits in this situation, it will mean spending the coldest, darkest and wettest months of the year back in the UK, which is often exactly what they don’t want.
In order to enjoy warmer winters in Spain and mild summers in the UK, try to avoid starting your 180-day Schengen window in summer and wait instead until at least October or November to enjoy three months of winter sunshine during the following six months.
You can split your time in Spain into several trips, so over a period of 180 days, you can spend four three-week holidays in Spain, and alternate it with three-week periods in the UK or outside the Schengen Area.
You can also break the three months you have available into six-week periods. For example, if you arrive at the beginning of November in Tenerife, spend six weeks here until the middle of December, then return to the UK to spend Christmas and New Year in the UK, then come back to Tenerife in the middle of January until the end of February. This way you will be able to spread out your time in Tenerife over a six-month period.
Overstaying your time in Spain and the rest of the Schengen area is not a good idea. There is no clear mention from Spanish government sources regarding fines, deportations or travel bans to Spain and the Schengen area for overstayers, but the likelihood of this is very high.
There are various Schengen Calculators available on the internet, to help you record your stays during past months and be able to see what period you have left to visit your property here.
We opened our offices on Monday 4th October in readiness for your arrival. The time has come to try to live around and with the virus, and we are all positive that with care we can return to some sort of normality.
Office hours are 9.30a.m. – 5:00p.m. and we look forward to welcoming you back.
In this Newsletter, you will find our latest properties for sale and maybe the one that you have been looking for is amongst them, we hope so, but if not we will find you the one you are looking for.
If on the other hand you are looking to sell, and are planning on visiting the island, contact us before you arrive and we will tell you what paperwork we need so that you can put your property on the market for sale with us.
Our resident videographers are ready and waiting to take pictures of your property, do walk through videos and give advice on how to present the interior to maximize on making it look attractive.
More positive information comes our way via a recent report on Spanish House prices, where the Canary Islands proved to be very favourable when compared with other areas across the country.
The notaries publish official data on house prices by region, and the latest figures for August give us an idea of where prices are heading in the selected regions, as shown below.
Spanish house price changes by some regions: August 2021.
As this chart shows, house prices are rising strongly in most regions and are up by double digits in the Canary islands, probably due to factors such as a scarcity of homes for sale, and a shift upmarket. The pandemic might also have increased interest in homes in the Canary Islands that are perceived as offering greater protection from the virus.
It is good to see that Tenerife is one of the most desirable places to purchase a property in Spain, not just for its beautiful landscape, facilities and people, but also from an investment point of view.
Lots of the bars and restaurants are open and life is returning to a busy, active community once again beaches are looking healthy and the countryside is beautiful. The excursions that you have missed are available for you to book. Think of something you enjoy doing in Tenerife and ‘mas or menos’ it is once again available to you.
Latest statistics are shown below, with ALL of the Canary Islands being down to Level 1 due to our ever decreasing infection rates.
We also boast an impressive Vaccination rate, with 83.32% of the population over 12 years old now being fully vaccinated.
* data correct as of 18/10/2021
FOCUS ON AMARILLA GOLF
People can sometimes be forgiven for assuming that the town of Amarilla Golf in San Miguel De Abona is all fairways, greens and little white balls, but if you dig a little deeper you will soon discover there is more to this coastal town in the South of Tenerife than meets the eye. With further investment and infrastructure currently being injected into the area, from both the local authority and private investors, it is starting to feel like owning a property, or purchasing a property, in this locality is the golfing equivalent of a hole in one!
For those familiar with Amarilla Golf, you will know that the area is located directly next to the popular resort of Golf Del Sur, and access between the two towns is via 2 link roads that cross the Barranco del Saltadero.
Construction is currently taking place to add a third link road which will include two lanes, one in each direction, a pedestrian pathway, and a cycle lane.
The intention is to improve the accessibility between the two tourist areas and encourage the use of bicycles.
There is also hope that local transport links will now be established in Amarilla Golf as a direct result of the new link road, whereas in the past, those residing in Amarilla Golf would need to travel to Golf Del Sur to catch the bus, or the "guagua" as it is known in the Canaries.
In addition to the connection enhancements, major work has also begun on improving the promenade of Amarilla Golf.
The current rugged pathway sits between the far stretching fairways of the golf course that gaze up to the glorious national park of Mount Teide and the San Miguel Marina, which offers a fabulous location to enjoy a cool refreshment in a stylish bar, sat atop of the harbour master’s office, where one can watch the marine world go by and listen to the breeze as it tantalises the sails and masts of the armada bobbing below.
New walkways are currently in construction which, once complete, will be flourishing with plants and flowers natural to Tenerife, but most importantly the vast improvements will ensure the frontline is accessible to all, and we can enjoy the rocky coves and natural habitat that sits below, and marvel at the dramatic spray of the Atlantic Ocean coming face to face with the craggy shoreline.
The idea behind the beach is that Golf Del Sur and Amarilla Golf will soon be able to offer both residents, and guests alike, an alternative leisure activity to the communal pools that feature in all the hotels and developments in both locations. But, above all else, they will finally be able to provide a safe swimming and bathing environment in what can sometimes be a hazardous surrounding for those not familiar with this stretch of the Ocean, and the underlying power the sparkling sea can possess.
The new beach will offer a solarium, toilet facilities, showers, waste baskets and, of course, no beach would be complete without a sun bed and an umbrella.
All the aforementioned projects carry a total investment amount of three million euros, which is the largest investment made in the areas for many years, and illustrates the desire to show that there is more to this little pocket of greenery than just Golf.
There are also some other new and exciting projects happening in Amarilla Golf, but we will save them for another time … we cannot tell you all our secrets now can we?
If you are looking to purchase or sell a property in the Amarilla Golf area, please call us today and we will be more than happy to help!
People can sometimes be forgiven for assuming that the town of Amarilla Golf in San Miguel De Abona is all fairways, greens and little white balls, but if you dig a little deeper you will soon discover there is more to this coastal town in the South of Tenerife than meets the eye. With further investment and infrastructure currently being injected into the area, from both the local authority and private investors, it is starting to feel like owning a property, or purchasing a property, in this locality is the golfing equivalent of a hole in one!
For those familiar with Amarilla Golf, you will know, that the area is located directly next to the popular resort of Golf Del Sur and access between the two towns is via 2 link roads that cross the Barranco del Saltadero. Construction is currently taking place to add a third link road which will include two lanes, one in each direction, a pedestrian pathway and a cycle lane.
The intention is to improve the accessibility between the two tourist areas and encourage the use of bicycles.
There is also hope that local transport links will now be established in Amarilla Golf as a direct result of the new link road, whereas in the past, those residing in Amarilla Golf would need to travel to Golf Del Sur to catch the bus or the "guagua" as it is known in the Canaries.
In addition to the connection enhancements, major work has also begun on improving the promenade of Amarilla Golf. The current rugged pathway sits between the far stretching fairways of the golf course that gaze up to the glorious national park of Mount Teide and the San Miguel Marina, which offers a fabulous location to enjoy a cool refreshment in a stylish bar, sat atop of the harbour master’s office, where one can watch the marine world go by and listen to the breeze as it tantalises the sails and masts of the armada bobbing below.
New walkways are currently in construction, which once complete will be flourishing with plants and flowers all natural to Tenerife but most importantly the vast improvements will ensure the frontline is accessible to all and we can all enjoy the rocky coves and natural habitat that sits below and marvel at the dramatic spray of the Atlantic Ocean coming face to face with the craggy shoreline.
The idea behind the beach is that Golf Del Sur and Amarilla Golf, will soon be able to offer both residents and guests alike, an alternative leisure activity to the communal pools that feature in all the hotels and developments in both locations but above all else, they will finally be able to provide a safe swimming and bathing environment, in what can sometimes be a hazardous surrounding for those not familiar with this stretch of the Ocean and the underlying power the sparkling sea can possess.
The new beach will offer a solarium, toilet facilities, showers, waste baskets and of course no beach would be complete without a sun bed and an umbrella.
All the aforementioned projects carry a total investment amount of three million euros, which is the largest investment made in the areas for many years and illustrates the desire to show that there is more to this little pocket of greenery than just Golf.
There are also some other new and exciting projects happening in Amarilla Golf but we will save them for next time…. We cannot tell you all our secrets now can we?
If you are looking to purchase or sell a property in the Amarilla Golf area, please call us today and we will be more than happy to help!
Here you can view the Amarilla Golf properties currently in our portfolio.
+34 681 329 288
