Living in Tenerife is synonymous with quality of life, exuberant nature, tranquillity, sports and leisure and, of course, an excellent climate and year-round temperature. However, the island has a lot more to offer anyone looking to invest in a house abroad.
Choose Tenerife over other traditional destinations in Europe
Read on to find out why Tenerife is currently Europe’s most desirable beach destination and why the island’s property market for second homes is poised to become one of the most attractive over the coming months.
2017 and 2018, key years to invest:
Tenerife’s property market is riding high at the moment due to more moderate house prices per square metre, both for single-family homes and newly-built holiday apartments, compared to previous years and an excellent quality/price ratio due to an overall improvement in the standards and finishes of properties going on the market in a bid to meet the ever-more demanding expectations of new buyers.
Would-be buyers should be aware, however, that prices have begun to rise in certain parts of the island and that 2017 and 2018 are expected to be the best years to buy.
New housing supply:
What’s more, Tenerife is one of the few destinations on the Spanish coast where construction continues to grow in response to strong and steady demand. Most of the properties are built to the highest energy efficiency standards and designed to provide maximum comfort.
Housing developments such as Las Terrazas II, in the Sotavento complex, are proof of the exceptional situation in south Tenerife, one of the best places to live on the island because of its privileged location.
Short, medium and long-term returns:
Anyone who buys a property in Tenerife can be sure that they are making a profitable investment because, should they wish to divest it later on, they will be able to sell or rent it quickly and profitably because of the appreciation potential.