In the not too distant past the Accrington property market was less than buoyant, but in the last four years things have changed dramatically and property prices have increased in some places by as much as 600 percent. The most common increase however has been around 3 to 400 percent.
This significant change has been come about... Read more
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Whilst the attractions of owning a holiday home in Tenerife, Canary Islands, Spain are obvious with its year round sunshine, relatively short flights from northern Europe and low tax economy, the property (real estate) market has been at the best depressed in recent years. Tourists are still flocking to Tenerife in their millions so it is obvious this state of affairs will not last for ever and indeed there are a few signs of an up turn.
There are bargains a plenty to be found for the serious buyer, indeed I found a one bedroom apartment (condo) for sale in Costa del Silencio (a popular resort in the south of Tenerife) for just 55,000 euros (about £41,000 or 80,000$), this is less than half the price of a "park home" in the UK and I know what I would rather own! Plus of course there is always the option to rent it out while you are not using it. In the ever popular tourist resort of Playa de las Americas, Tenerife one bedroom apartments complete with furniture and swimming pool, can be had for just 89,250 euros (about £66,000 or 130,000$). This is a resale property so it can be bought very quickly, which means in days you could be sitting in your very own holiday home and swimming in your very own pool! If you want to get away from the tourist areas and go ten minutes inland, two bedroom, fully furnished apartments complete with garage can be bought for about 110,000 euros (about £81,000 or 160,000$) in residential areas such as Valle San Lorenzo, Tenerife. Buy a little run around to keep in the garage and you are set up for great vacations for years to come. Of course the old maxim "you get what you pay" holds true, but if you want to spend just a little more, two bedroom, two bathroom fully furnished and refurbished properties close to the beach and all amenities can be found a plenty. If you want to sit on your balcony and see the ocean this commands a small premium, but they are available. Obviously being a small island, the supply of land is not going to be never ending so developers concentrate on building small apartment blocks where permission allows and room sizes seem to get smaller by the year. Townhouses and villas can be purchased but prices are far higher. Townhouses are on offer from about 157,000 euros (about £116,000 or 228,000$) and villas from 241,000 euros (about £179,000 or 351,000$). In which direction will the prices go is the big question everyone asks? Well consider that Tenerife is in a stable part of the world, there is guaranteed sunshine (probably the only European destination that this is so apart from the other Canary Islands), well served by the airline industry and a seemingly never ending supply of tourists and there can only be one answer.
So you want a home in Spain but don't know where to start, well here I will try to explain some of the basics that you should know. I guess everyone knows what an apartment is, it is a flat in the UK or a Condo (condominium) to ... 1. Money is made at the buy, not the sell of your flip. When flipping a house your money is made at the purchase not at the sell of the house. So, many times people buy a house with the intensions of making a huge profit only to... The Spanish property (real estate) market has plainly suffered over the last few years as the United Kingdom is just starting to now. The boom years of the early part of this century when cheap prices fuelled an enormous demand ... Although there has been a slow down in property (real estate) sales throughout Spain and it's islands for the last couple of years, the Province of Almeria and in particular the Costa Almeria has stood up quite well, although it... If you are looking to buy a holiday home in Spain, you could do a lot worse than consider the Costa Calida. So you have never heard of it before, you soon will, as more and more British and other northern Europeans are investing... I have run a property website for eight years now and have followed the big changes in the Spanish market with a personal and professional interest. The buyers are certainly a lot thinner on the ground now compared with 3 or 4 y...
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