Buy property in Tenerife. Advantages of buying property in Tenerife.
Tenerife — the largest of the Canary Islands. It is a popular world-class resort. Situated in the warm waters of the Atlantic Ocean between Europe and Africa. It has the best climate in the world. And this makes Tenerife special. Magnificent beaches and a large number of natural and cultural attractions attract a huge number of tourists every year.
Benefits of Buying Property in Tenerife
1) The Canary Islands are the territory of Spain, European legislation is in force, the standard of living in Tenerife is quite high, there is economic and political stability.
2) Compared to mainland Spain, prices for food, goods, and gasoline are lower in Tenerife, since the Canary Islands are a tax-free zone; in a word, living in Tenerife is more profitable than on the mainland or in other European countries such as France, Germany, Italy, and many others.
3) The tax on the purchase or sale of real estate is lower than on the mainland, the tax on the purchase of real estate in Tenerife is 6.5% for the purchase of secondary housing and 7% when buying housing from a developer, primary housing. It is also possible to receive tax benefits for the purchase of real estate in Tenerife
4) Buying real estate in Tenerife gives you the right to stay in Spain for 180 days a year. With a direct investment amount (excluding mortgage) of 500,000 euros, obtaining a residence permit (residence permit) in a simplified manner, the so-called "Golden Residence" is issued.
5) Favorable mortgage lending in Tenerife. Banks finance up to 80% of the purchase price of real estate, the interest rate is 2.5 - 3.5% per year, depending on your citizenship and the amount of financing.
6) The loyal attitude of the authorities to foreigners, the friendliness of the local population, easy integration. The authorities of the Canary Islands welcome investments in Tenerife, tourists and foreigners living in the south of Tenerife are more than the local population, many residents speak different languages, the most popular are English, Italian, Spanish, Russian, Ukrainian.
7) The rise in real estate prices has not stopped and the price of your property will continue to rise. The liquidity of your investments.
8) High demand from tourists for rental housing 365 days a year in the south of Tenerife. Your property brings you income.
9) Excellent ecology in Tenerife, mild climate, beautiful nature.
Happy investing!
