Buying a property in Tenerife is quite an easy process, providing that you use a professional agent and seek adequate legal advice from an independent legal advisor. Do not be tempted to cut corners to save money by not doing so as this could cost you a lot of money in the long run. View our latest Property for sale in Tenerife >
There are many reasons for buying a property in Tenerife. You may be looking at an investment property to generate income or you could be looking to buy a holiday home. No matter what type of property you are looking for, we can help you. With over 30 years of experience, Astliz runs a professional service to ensure you are looked after throughout the process of buying your dream Tenerife property.
Here at Astliz, we maintain an up to date database of resale property in Tenerife. Some of the top locations to buy a property in Tenerife include:
When looking to buy a property, you will need to have your finances in place. If you need an overseas mortgage, we can help with that as we work with the all the top banks in Tenerife such as Banco de Santander and the BBVA. Having said that, it might be more beneficial for you to apply for a mortgage in your own country. This is something that you can talk to us about and we will help you make the right decision final decision.
Once you find your dream property, you will need to pay a deposit to secure the deal. This is normally 10% of the purchase price and is usually non-refundable so you need to be certain that you can carry on with the purchase. A private sales agreement is then drawn up and you would then complete the sale within the next 60 days where you will sign the escritura (title deeds) in front of the public notary.
Having a legal advisor is really important when buying a property in Tenerife. They will ensure that everything is done correctly and will look after your interests at all times. We can recommend an independent legal advisor who speaks your language to help you through the buying process. We can also arrange a free no obligations first meeting with them so that you can decide what is ultimately best for you.
When you own your property, you will need property insurance which is something that we can help with as we are official agents for Plus Ultra who are one of the leading insurance companies in Spain.
If you want to find out more about buying property in Tenerife, be sure to check out our buyer's guide.
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