Promises or Guarantees?

Promises or Guarantees?

Picture this. You’re about to spend thousands of Euros buying a property in a foreign country, maybe even your life savings. You don’t speak the language and you are completely reliant on other people’s advice. Over the years you have read horror stories where people have lost their properties through missing legal documentation, fraud, demolition orders or have not even managed to purchase a property because their deposit has gone missing or the agent has gone bust.

You don’t think that will ever happen to you, but you want to be sure. You have a choice between two estate agents. Which will you choose?

Lost deposits

Lost deposits

Both buyers and sellers in Tenerife need to take particular care about choosing Estate Agents in this uncertain climate.

Tenerife Agent goes bust: clients unprotected

Tenerife Agent goes bust: clients unprotected Another estate agency that did not offer Professional Indemnity Insurance cover has closed. Lifer Inmobiliaria has suddenly closed its ten offices in the Canaries, trapping hundreds of clients who had already begun the process of buying a property and who had paid a deposit to the firm within the […]

A case of mistaken identity

A case of mistaken identity Tenerife Property Shop is a great name, and we have had it for over twenty years.  It does exactly what it says on the tin: it’s where you buy property in Tenerife.  But in those many years of existence, other agents have popped up (and down again), and some of […]

Tenerife Property Owners at risk

Tenerife Property Owners at risk New legislation which came into force in January affects British foreign property owners in Tenerife.  The new Rome II regulations affect cross border legal disputes and leaves foreign property owners open to public liability challenges from the UK.  Over 90% of British overseas property owners are now under insured, and […]

Suntan Lotion is NOT Adequate Protection

Making sure you are protected Perhaps it is the warm sun that fries the brains of some people visiting Tenerife, but it seems that many seem to throw caution and common sense to the wind when they come to buying a property in Tenerife. They happily slap down thousands of Euros or Pounds in deposits […]

Insurance

Insurance That’s it, you are now the proud owners of your very own place in the sun, that perhaps you have been dreaming about for a long time. So now, you need to make sure that you are looking after your home in the sun properly and get it properly insured. Call our insurance hotline+34 922 [...]