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DE The Canary Islands real estate market, especially Tenerife, showed the greatest resilience during the financial crisis and is currently demonstrating the best growth and activity rates for leases. Buying a home here represents a profitable investment. In the south of Tenerife apartments are very in demand. The average cost on the coast of apartments with two bedrooms is about 300.000 euros, houses with three bedrooms 800.000 euros. The yield on a year-round lease can be up to 12%. When buying private houses or villas for delivery, the return on investment can be higher. You can consider real estate in the north of Tenerife, which at the moment is not inferior to the profitability of real estate in the south, but the value of northern real estate is much lower.
The north of the island is much more attractive for a potential buyer. In most cases, many objects have an attractive view of the ocean, are separately standing buildings with a garden and a private pool, are in areas with a well-developed infrastructure. As a rule, investors buy a home for their own rest, but often rent it out during the absence, while paying for all expenses for maintaining the property, as well as making a profit. It can be noted that in all the resort areas of Tenerife there is a large number of investors from Europe. Significant demand for island real estate affects the price increase.
Our offers for the real estate of the island of Tenerife can pleasantly surprise you. We work directly with developers and we have a lot of real estate from the first persons. We can not only provide full legal support when buying, but also help with the construction, repair and management of your property. For us it will not be difficult to choose the apartment or house variant suitable for you both for permanent residence and for subsequent renting. Please do not hesitate to contact Trinitytenerife DOM Real Estate.
