Tenerife Real Estate Blog

After a slow start in november and december sales started picking up again and sellers and buyers were happy with the deals we made for them.

The El Duque area is a very popular place to own a property as it is in the best situated place in the island, though it is not easy to find the right property because there are only a few private complexes between all the 5 star hotels like Bahia Del Duque, Gran Tacande, Costa Adeje Gran Hotel and Vincci Hotel. But when people see the quality of Las Terrazas del Duque and El Duque complexes they always decide that this is the place to be!

If we cannot find the property in the El Duque - Fañabé area we can always offer several new off plan developments in Palm-Mar. Here you can find property for real value for money. The sales in Las Terrazas del Faro went well and also the new developments Jardines del Palm-Mar, Fuente de Palm-Mar and Villas Del Palm-Mar were sold well.

Now spring is starting and a lot of people will arrive to enjoy this lovely time on Tenerife and looking to find their perfect property.

Works on the coast of Palm-Mar have really started now!! Everybody looking forward to the outcome…

Good news for non-residents of Spain: The Capital Gains Tax (CGT) has now been reduced from 35% to 18%. This reduction applies only for non-residents selling their Spanish property, which will probably induce into an even greater attraction of foreign investors to the Spanish real estate market.

It was thanks to the EC that Spain was forced to change this rule, as Spain was actually discriminating non-residents. At the same time the resident tax was increased by 3%, to have one same rule for all.