Tenerife properties are constantly in demand because of the year round good weather. Any search or enquiry for ‘Properties Tenerife’ will yield a number of Tenerife properties for sale that are excellent fly to let investments. With twelve months of sunshine, Tenerife properties can be rented out to holidaymakers all year, which means that their investment income potential far outstrips traditional holiday areas such as the Costas in Spain.
The best rental incomes for properties Tenerife has to offer are in the tourist areas of the south, such as Las Americas, Golf del Sur and Los Cristianos. Tenerife properties in rural areas generally are more difficult to rent out, however the growth in alternative tourism may change this in the future. Certainly Tenerife properties for sale outside the towns have been receiving more interest from investors. Despite this, the vast majority of Tenerife properties for sale are still in the tourist resorts that hug the coast. If you are considering buying a holiday home that you might want to rent out in the months you are not using it, then the properties Tenerife has available should be at the top of your list. Nowhere else has an extended tourist season that can compete.
Many Tenerife properties can be leased back to management companies and provide a guaranteed income to the owner. This is often popular with fly to let investors because it still allows them to stay in their home for a few weeks every year. Of all the properties Tenerife has to offer, these certainly provide the most stress free way of creating a rental investment.
Some people choose to buy Tenerife properties, not as holiday homes, but to live in. This is increasingly popular and the number of expatriates is rising. Some 42,000 Tenerife properties are owned by British people, and many of these owners are residents. If you are looking for Tenerife properties for sale with a view to living in them full time, then the type of property you are looking for may be different.
Quieter areas, such as Amarilla Golf, or Golf del Sur have some of the nicest properties Tenerife offers. Located on golf courses and close to the sea, these are undoubtedly the some of the nicest locations to look for Tenerife properties for sale. From studios to large detached villas, these areas have the widest range of Tenerife properties surrounded by beautiful fairways and greens.
Tenerife Property Shop have specialised in selling Tenerife properties for almost twenty years. They are able to offer a huge portfolio of Tenerife properties for sale, including apartments, duplexes, penthouses and villas in all of the most popular areas in the south of the island. The company has a department dedicated to providing a full back up service for buyers of Tenerife properties, including all legal, mortgage and conveyancing work. They have won over 20 international property awards for the quality of their service.
Why Invest in Canary Islands Property
A survey was recently published, about overseas property buying. It fired off statistics like, ‘60% of respondents said rental income was the most important factor in their decision’ and ‘21% said their investment was intended as a retirement home’. But the figures seem to tip toe past the blindingly obvious… the emotional reasons. It’s fun, romantic, an escape to the sun… it’s a dream come true for so many of us. That’s really why most of us foreigners buy property on Tenerife.
The problem is that when we put our ‘sensible’ hats on, we are perfectly capable of evaluating an investment. We look at the historical capital growth and use that as a basis for projecting our expected return. If the investment has a dividend, such as shares or the rental income from a
property investment, we factor that in too. But with overseas property, many of us use these figures simply to justify with our brain what our hearts are telling us to do. We appease our guilt. And therefore we spend as little as possible.
But there is another breed of investor. These are people who have done their analysis and worked out that a property in Tenerife is a good investment that has outstripped banks, shares and a myriad of other alternatives. They have worked out that the second home revolution means ownership is no longer the domain of the rich, but also of the financially savvy who make sure their investments stack up. The returns to be made on holiday property have markedly reduced the long term costs of owning a second home and made it a viable option for many people who would not otherwise have been able to afford it. Their view is a pragmatic one, unrelated to emotion. They invest as much as possible.
So we have two groups of people, one spends as little as possible because they are worried that they may be spending too much on a luxury, while the other invests as much as possible because they want to make as large a return as possible. Why the difference? Surely those who are led by head and heart should be more willing to part with more money than those ruled by head alone?
This is where our suspicions of our own emotions kick in. Basically, our heads distrust our hearts. We label it ‘spending on luxury’, not ‘investment’. We are concerned to protect our pension, the inheritance we pass to our children… spending on luxuries seems lavish. Never mind that the property will probably outstrip the other investments. Overseas property is too much fun, and so it must be viewed with suspicion.
However, more and more people are slowly becoming aware of this puritanical anomaly. We see more people who view their overseas property as an integral part of their retirement strategy, or their inheritance planning. It is becoming clearer that this is a highly flexible asset that can be inherited, gain in value and as an added bonus… it’s fun, romantic and all those emotional that are difficult to put a value on.
Or maybe it’s just that more and more of us have allowed our hearts to rule and said to ourselves, “I’ve earned the right to enjoy my money and this is how I’m going to do it!”
