Tenerife Estate Agents – Finding a Real Estate Professional Who Will Suit Your Requirements

Of the stuff that Tenerife offers its expatriate residents, the dependably good weather conditions are right up there towards the top of a list. Elsewhere in Spain might offer similar cultural charm, but mainland Spain can shiver from the winter right along with the rest of Europe.

While the remainder of Europe grinds to your halt within blanket of snow, Tenerife remains warm with perhaps a brisk breeze to remind residents of colder climes back home.

It’s hardly surprising then that so many people consider Tenerife estate agents being one of the most desirable locations in which to retire. The warm dry climate is kind to old bones in reality for many years Los Cristianos was a popular destination for convalescents to recuperate and gather their strength.

For many who do harbour a notion to go to Tenerife some day, there are some things that need be noted about buying property about the island. For one thing, although Spanish laws may look similar, they are not necessarily the same as those in most of Europe.

A very important factor to remember is that debts remain with the house; they are certainly not fixed towards the previous owner. It means in the event the seller has run up thousands of Euros in tax, community fees or utilities, these bills would accrue on the new owner unless they may be cleared prior to the sale passes through. To ensure you can find no nasty surprises the house buyer must request a Nota Simple.

In Spain, the document which matches the Title Deed throughout the uk is referred to as the Escritura. This should be formalised with a Notary and then any Withholding Tax if the seller not be resident in Tenerife should be paid on the Hacienda.

As the estate agent will advise you, Transfer Tax is 6.5% in the sale price except in the case of a new property where you will have 5% IGIC (Canarian tax) to spend and .75% Transfer Tax.

That you have purchased a new property, you will have to pay 5% Canarian VAT (IGIC) and .75% Tenerife estate agents Tax.

Lastly, the newest buyer really needs his name recorded in the land registry and all sorts of the bills then need to be transferred to the name from the new house owner.

There are more things to take into consideration when choosing Tenerife estate agents, particularly that the property you happen to be buying is in fact legal. Sometimes, houses that happen to be on rural land is probably not 100% above board.

The Tenerife government is not averse to bulldozing illegal structures to the ground and fining the owners so it is vital that anyone considering buying Tenerife property seeks the recommendations and support of any experienced and professional estate agent.