Tenerife Property Sales

Spanish Property Prices: Tenerife Property Prices Down 5.3% in 2008

2009-01-26T17:18:00.000-08:00

2008 was a pretty bad year for Spanish property and things look like they are going to get a lot worse before they get better. This is the first time that we have seen year on year price falls in the official index since the market started to slump in the second half of 2007.

Officially, at least, nominal property prices have not fallen since 1993.

Average property prices fell almost everywhere, though prices were still creeping up in the provinces of Sevilla (+3.4%), Cadiz (+3%), Valencia (+0.9%), and Extremadura (+0.1%), if you believe the government’s figures.

Values fell the most in the province of Madrid (-7.6%), followed by Murcia (-5.8%), Tenerife (-5.8%), and Castellon (-5.3%).

Over 10 years, however, Spanish property values are still 215% higher in Andalucía, 211% in Murcia, and 200% in the Balearics.

Property prices on the Spanish Mediterranean coast fell by 14.3% in 2008, according to the latest monthly Spanish house price index published by Tinsa, one of Spain’s leading appraisal companies.

The fall applies to both newly built and resale properties, so this is the first closely-watched index to show big falls for newly built property.

So what do all these statistics mean for potential property buyers in Spain well according to Susana Suspenda, the Marketing and Operations manager for Spanish Hot Properties

“Cash buyers should be getting a great deal in 2009 and its probably the best time to buy property in Spain with buyers moving in this year picking up the best value in distressed property sales and hugely discounted new developments from developers in trouble”.

Tenerife Port: Canary Islands to West African Ports

2008-08-01T21:31:00.000-07:00

The economic situation, political stability and the adoption of open policies towards the reception of investments in West Africa, has made it possible for a large number of companies from Tenerife and the rest of the Canary Islands to establish themselves in that area, and at the same time, to attract new companies. Companies from Tenerife have adopted different methods for doing this, whether through the creation of representative offices or the creation 0f joint ventures with local African firms.

Exports from the Canary Islands to West African countries in 2002 reached a value of over 115 million euros, 17% lower than in the same period of the previous year, according to the foreign trade data of "La Agencia Estatal de la Administración Tributaria (A.E.A.T.)" (the State
Agency for Tax Administration).

As regards products, the leading exports include fishes and crustacean, mollusks and other aquatics invertebrates, minerals fuel, mineral oils and distillation products, bituminous matters, vehicle automobile, tractors and its parts and accesories, wood, pulp, paper waste, cardboard and glass manufacture. By countries, 46.93% of the exports were to Marruecos, while Mauritania had 16.09%, Nigeria 9.29%, the Ivory Coast 6.70%, Senegal 4.60%, Cabo Verde .30% and Guinea Ecuatorial 4.09%.

Property Sales in Tenerife

2008-08-01T19:51:00.000-07:00

Property Sales in Tenerife, Alcala, Fanabe, Callao Salvaje, Costa Adeje, Los Gigantes, Playa Paraíso, Playa San Juan, Puerto Santiago, Torviscas, S Eugenio, Las Americas, Los Cristianos, Palm Mar, Costa Del Silencio, Golf Del Sur, Amarilla Golf and El Medano

Moving to Tenerife, Canary Islands

2008-08-01T15:47:00.001-07:00

Tenerife offers its inhabitants and visitors a unique climate, being mild and pleasant at any time of the year. This is where it gets its name from “the Island of eternal spring”. The soft trade winds, the cool sea streams from the Canary Islands and temperatures that range between 18º and 25º degrees centigrade configure this calm Island, which is already headed for the new century without losing its typical traditional flavour.

An Island where it is very easy to combine business and the best European living standards in the same place, with modern commercial and cultural offerings. Additionally, it offers a first level medical and health care assistance.

The geographical location of Tenerife, the ongoing improvements to its land, sea and air infrastructures and the existence of a job market, made up of a significant core of young and highly skilled people, explains the vigorous economic development of the Island in the last decade beyond the Spanish and European average.

This rise can only be explained by the strength of its economy, by the drive of its services related to consumption, leisure health and culture. Furthermore, it has one of the most highly rated accommodation infrastructures in the world and a warm climate in a privileged natural setting.
Tenerife is placed at the top of the highest quality of life indices in Spain and logically, in the European Union, due to its natural setting and pleasant climate.

Tenerife Property Sales

2008-06-01T16:16:00.000-07:00

The members of staff at Tenerife Property come from a variety of backgrounds: legal, financial, property management, residential and commercial agency and marketing. We look at ourselves as a whole and do not rely on the individual parts of our service to satisfy our customers. This approach is not restricted to the level of service achieved but also to the variety of services we provide with taxation, legal, acquisition and investment advice being provided in addition to the more traditional estate agents services.

We have the advantage of being fluent in English and Spanish.

We know and understand the property market in Tenerife, the hows and the whys.

Because we are on the ground in Tenerife, we have immediate access to all the different media advertising property.

We can filter the really good offers from the bogus ones.

We have established a base of contacts at all levels -from owners to government- who are knowledgeable and trustworthy.

As residents of Tenerife, We can advise on locality, climate, building regulations, development plans etc...

We know and understand the legal side of the whole process of buying a property and can explain these things clearly to the client, filtering out all what is not essential, saving clients time.

We are familiar with all the areas of Tenerife: climate, land regulations, development plans...

We are familiar with the legal side of buying a property in Tenerife: taxes applied, buying procedure, community fees...

We can advise you on where best furnish your home, get tenants if you plan to rent out, get repairs done, etc...