Blog
Showing 25 to 36 of 56
January 2025 Property Market Report: Tenerife's Latest Housing Price Trends
05 02 - 2025
Tenerife’s property market kicked off 2025 with notable trends in key regions. From the beautiful Costa Adeje to the vibrant Playa de las Américas, prospective buyers and investors are watching housing price movements closely. This report highlights the latest data from idealista, offering insights into price changes and opportunities for homebuyers.Costa Adeje: A Steady Growth SpotPrice per m²: €4,865 (January 2025)Monthly Change: +1.8% (compared to December 2024)Quarterly Change: +2.8% (compared to October 2024)Annual Change: +10.0% (compared to January 2024)Costa Adeje continues to be a reliable area for property buyers, reaching its highest price point of €4,865 per square metre this January. Its steady price increase suggests continued demand and confidence in the area.Playa de...
more
Spain’s Controversial 100% Tax Proposal for Non-EU Property Buyers: What You Need to Know
17 01 - 2025
Updated 21 February 2025 - Spain's 100% Property TaxSpain has recently stirred global attention with a bold and controversial announcement: a potential 100% tax on property purchases by non-EU non-residents. The announcement was made by Prime Minister Pedro Sánchez. This initiative, Sánchez said, aims to tackle the country’s housing affordability crisis. This unprecedented proposal has sparked widespread debate, leaving many wondering how it will impact foreign property investment in Spain.Understanding the 100% Tax AnnouncementOn January 13th, Prime Minister Pedro Sánchez unveiled a comprehensive plan to address Spain’s housing challenges, which includes measures...
more
2024 Property Market Report for South Tenerife
04 01 - 2025
IntroductionThe South Tenerife property market has demonstrated significant resilience and dynamic growth throughout 2024. Renowned for its stunning coastlines, favourable climate, and vibrant tourism sector, South Tenerife continues to attract a diverse range of buyers, from international investors to retirees seeking idyllic living conditions. This comprehensive report delves into the latest market trends, key metrics, buyer and seller behaviours, and provides insightful predictions for the upcoming year, making it an essential guide for anyone interested in properties for sale in Tenerife.Market OverviewIn 2024, the South Tenerife property market experienced robust growth, underpinned by strong international demand, increased tourism, and a stable economic environment. Key...
more
New Year, New Resolution: Why Property Investment Should Be on Your 2025 Agenda
02 01 - 2025
As we step into a brand-new year, it's the perfect time to reflect on our goals and set resolutions that can transform our lives. For many, this means focusing on health, personal growth, or career advancement. But have you considered making 2025 the year you take a bold step toward financial security and independence? Property investment in Tenerife offers an incredible opportunity to grow your wealth while enjoying all the benefits of living or investing in one of the most desirable locations in the world.Why Property Investment Makes Sense in 2025The global economy continues to evolve, and real estate remains a cornerstone of wealth creation. In Tenerife, the property market is thriving, offering a mix of vacation homes, rental properties, and long-term investment opportunities....
more
Avoiding Common Mistakes When Buying Property in Tenerife
09 12 - 2024
Purchasing a property in Tenerife is an exhilarating yet daunting endeavor, particularly for first-time buyers. To help prospective buyers navigate this complex process, we have compiled a detailed guide highlighting the five most common mistakes made by property buyers in Tenerife, along with practical tips on how to avoid them. Understanding these pitfalls is crucial for making informed decisions and ensuring a smooth transaction.1. Overcoming Indecision: The Importance of Confidence in Your ChoiceIndecision can be one of the biggest obstacles to successfully purchasing a property. Many buyers find themselves caught in a cycle of doubt, particularly when trying to assess whether a property represents good value. This often leads to missed opportunities and prolonged searching, which...
more
November 2024 Property Market Report: Tenerife's Latest Housing Price Trends
05 12 - 2024
Tenerife Property Market Insights: November 2024 OverviewThe Tenerife real estate market continues to flourish, with November 2024 data showcasing significant trends in Costa Adeje, Playa de las Américas, Los Cristianos, Golf del Sur, and Callao Salvaje. Here’s a breakdown of the latest housing price evolution and market dynamics based on Idealista's data.1. Costa Adeje: Steady Growth in a Premium LocalePrice per m²: €4,750Annual Change (2023–2024): +1.4%Quarterly Change (Since August 2024): +4.1%Monthly Change (Since October 2024): +0.4%Properties Available: 296Costa Adeje continues to be a highly sought-after area, offering steady growth. Its consistent demand makes it ideal for investors and luxury home seekers.2. Playa de las Américas: Mixed Trends in a Prime SpotPrice per m²:...
more
Spain's Housing Market Predicted to Stay
21 11 - 2024
The housing market in Spain, including its highly sought-after regions like the Canary Islands, is poised for remarkable growth in 2025. With escalating demand for both properties and rentals, experts anticipate significant price increases, a resurgence in mortgage activity, and notable challenges for first-time buyers. This comprehensive analysis explores the underlying dynamics, projections, and implications of this thriving market.Housing Market Growth Forecast for 2025Spain's real estate sector is on track to achieve extraordinary milestones in 2025, driven by an upsurge in transactions, stabilized credit conditions, and robust consumer savings. According to...
more
October 2024 Property Market Report: Price Evolution In The South Of Tenerife
07 11 - 2024
The October 2024 property market in Tenerife's popular Costa Adeje area and its surroundings has shown dynamic growth, with some regions hitting historical price records. Analyzing the most current data, we’ll break down price trends in Costa Adeje, Callao Salvaje, Playa de las Américas, Los Cristianos-Palm Mar, and Golf del Sur-Amarilla Golf.With the allure of Tenerife’s climate and lifestyle, these areas have become increasingly attractive, creating a strong real estate market that is steadily rising in value. This report provides insights on price changes over recent months and year-on-year shifts, helping potential buyers and investors understand the latest trends and projections.1. Costa Adeje: Market Stability with Slight DeclinePrice per m² in October 2024: €4,731Change since...
more
Adeje’s Romería: A Colourful Journey Through Tenerife’s Rich Traditions
20 10 - 2024
Adeje’s Romería is one of the most vibrant and culturally significant events in Tenerife, drawing locals and visitors to celebrate the island’s heritage with an explosion of colour, gastronomy, and folklore. This annual pilgrimage, held in honour of the town’s patron saints, has been a fixture of Adeje’s festivities since the early 1980s. It is a celebration that combines religious devotion, traditional music, dance, and a sense of community, creating an unforgettable experience for all participants.In this article, we explore the traditions and significance of Adeje’s Romería, providing a detailed look at what makes this event a must-see for anyone visiting the Canary Islands.The Historical Roots of Adeje’s RomeríaAdeje’s Romería, much like other traditional pilgrimages across Spain...
more
Understanding Notaries in Spain: A Quick Guide
16 10 - 2024
Notaries in Spain hold a pivotal position in the legal system, especially for those engaged in real estate transactions, drafting wills, or executing powers of attorney. Unlike the UK and many other countries, where notaries play a more limited role, Spanish notaries are involved in almost every major legal transaction. This guide provides a detailed look at the responsibilities, training, costs, and common use cases of notaries in Spain, offering essential insights for residents and non-residents alike.What is a Notary in Spain?A notary in Spain is a highly qualified legal professional, acting as a neutral party in the authentication and legal execution of significant public documents. Their main role is to ensure that transactions are legal, all parties are in agreement, and that...
more
Exploring Feng Shui in Real Estate: Enhancing Property Appeal
08 10 - 2024
As the real estate market in Tenerife continues to flourish, understanding the principles of Feng Shui is becoming increasingly important for both property sellers and prospective buyers. This ancient Chinese philosophy, meaning "wind and water," emphasises the harmonious arrangement of spaces to create an environment that nurtures positive energy or Qi. For those looking to sell their homes or purchase a new property in Tenerife, mastering Feng Shui can be a game-changer, significantly enhancing marketability and appealWhy Feng Shui Matters for Property Sellers and BuyersFeng Shui is not just about aesthetics; it can profoundly impact a property’s value and the emotions of those who experience it. Here’s how understanding and applying these principles can benefit both sellers and...
more
Currency Exchange in Tenerife: Expert Tips for Maximising Your Money
02 10 - 2024
In today’s interconnected world, the need for effective currency exchange is more prevalent than ever. Whether you’re traveling internationally, conducting business across borders, or investing in foreign assets, understanding the mechanics of currency exchange companies is essential. This comprehensive guide aims to elucidate the nuances of currency exchange services, helping you make informed decisions when choosing a provider.What is a Currency Exchange Company?A currency exchange company specializes in facilitating the exchange of one currency for another. These businesses play a critical role in the global economy, enabling individuals and enterprises to convert currencies for various purposes, including travel, commerce, and remittances. By providing a platform for currency...
moreShowing 25 to 36 of 56