Tenerife Real Estate Market Review - 2019

Tenerife Real Estate Market Review - 2019.
The unique location of the Canary Islands in the Atlantic Ocean attracts a huge number of tourists who not only spend unforgettable holidays here. A large number of people who visited the island of Tenerife are thinking about acquiring real estate on this island, which can be an additional source of income and a great place to spend holidays. The warm waters of the Atlantic Ocean, which wash the Canary Islands, contribute to a mild climate and allow you to enjoy comfortable weather all year round. The flow of tourists does not dry out throughout the year. Climate, picturesque landscapes, clean ecology, developed infrastructure, the friendliness of the local population, these and other factors are increasingly attracting the attention of travelers from around the world and the number of visitors is only increasing. Why not buy apartments or bungalows on the island, which every year will increase in price and still bring additional dividends? Only in the 2016-2017 year, property prices on the island of Tenerife added up to 30%, and in the future the trend of rising prices is also seen. The rental market also pleases property owners, since the demand for short-term and long-term rent exceeds supply. And this factor is attractive for those who consider the purchase of housing in Tenerife as a profitable investment (investment). Moreover, Tenerife has created favorable conditions for the purchase of housing, because the basis of the economy of the Canary Islands is the investment of foreign capital. The special tax regime of the archipelago gives property owners the opportunity to receive high returns on investments.
Changes in the law on short-term lease support the rapid price increases in the main tourist municipalities of Arona, Adeje, Granadilla de Abona. In this situation, it is logical that many buyers began to pay attention to other, small tourist areas, which are rapidly developing in recent times and are becoming increasingly popular among tourists. The following article contains interesting information about developing resort centers - Callao Salvaje and Playa Paraiso. On our site you will find many offers of real estate that may be of interest to you.

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