buy real estate on Tenerife

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the Subtleties of buying property in Tenerife

Tenerife Property to buy quite difficult. But if to trust the professionals and to approach it with the mind, the most part of problems will be avoided. the real estate prices Tenerife can be very different.Occur in the market as budget predlojeniyami-class and luxury apartments for a very wealthy buyer. But given the fact that the property in Tenerife from banks new deals appears almost constantly, a chance to become the owner of the housing on the largest island of the Canary archipelago is very high.

what to pay attention?

Canary Islands – it is a part of comfort and well-being near the West coast of Africa, miraculously preserved its charm and charm. Tenerife property to buy is theoretically easy, especially if you know what factors you should pay close attention.

  • Climate. Tenerife-island of contrasts weather. Here on a small plot of land is warm and mild tropical climate peacefully side by side with ice and chilling silence of the snow-capped mountain peaks.
  • Apartment is within walking distance of unfinished or half-empty buildings. Property prices in Tenerife in such areas can be extremely low, but in this case, the acquisition is still better to refuse.
  • Infrastructure. Pools, well-developed network of shops, cafes and childcare facilities, – is not a whim but an urgent necessity. At least, if you do not plan to adhere to the monastic way of life.
  • Repair. But at the same time their attention can not focus. There is much more weight has romantic views of the Atlantic ocean opening from the terrace.

Taxes

the Amount requested by the seller of real estate, is not final, as a lot of money “eat” variety of fees.

  • ITP (6.5 per cent). The tax is charged to the buyer if the deal has been effected on the secondary market.
  • IGIS (7 to 16%). Analogue ITP for “zero” of the property from the developer. An analogue of VAT adjusted for a Spanish flavor.
  • AJD (0,75%). The tax documentation.
  • IIVTNU (the amount varies). Theoretically, this fee is paid by the seller, but in practice it happens not always.

Sometimes owning a property in Tenerife from banks new proposals can adjust this scheme, but if you don't want something unpleasant (and note, very expensive!) the surprises this issue should be considered when planning future expenses.

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