If you're considering real estate investment, you've probably heard of Tenerife. As the largest of the Canary Islands, Tenerife has long been a reliable destination for property investment, offering stability and growth potential. As we approach 2024, the Tenerife real estate market shows resilience and promise for both investors and buyers. In this blog post, we'll delve into the economic climate, market...
The new Law for the Right to Housing that recently came into effect in Spain marks a significant shift in the regulation of rental commissions and fees charged by real estate agencies. This law explicitly prohibits charging these fees to tenants, which was a common practice in many regions, where tenants were typically required to pay a monthly fee plus VAT to the agencies. While most agencies have...
Introduction: Lanzarote has initiated the process of officially designating the island as "touristically saturated." This designation will significantly impact the real estate market in Tenerife as well. It is worth examining how this will affect property prices, the availability of properties for sale, and the rental apartment market. Under the "touristically saturated" status of Lanzarote, there will...
In recent years, the Canary Islands have become a top tourist destination, attracting millions of visitors every year. The archipelago, located in the Atlantic Ocean, boasts a warm climate, beautiful beaches, stunning landscapes, and a rich culture and history. As a result of its popularity, the local tourism industry has seen a significant boost in recent years, with private holiday homes registering...