Fuente del Palm-Mar is nearly ready! As you can see from the pictures inserted here, the complex in and outside is very nearly finished, and they are now busy working on the pools and garden areas.

Take a look at the façade, it is as if it were ready… We will obviously be contacting you as soon as the properties are ready to be handed over!

Fuente del Palm-Mar offers properties with 1, 2 or 3 bedrooms,  

If you have questions or doubts or you need additional information, feel free to contact us on info@secondhometenerife.com or find out more on our main website: www.secondhometenerife.com.

From the Second Home Tenerife office in El Duque and Palm-Mar, we would like to wish you a very merry Christmas!!!

Warm Christmas wishes :)!!!

TNT Interview from december 2007:

A second home in the most wanted area of Tenerife!! 

“Through the letting, an owner not only wants to obtain income to cover the fixed expenses, but also wants to obtain an extra benefit from his investment” 

TNT: - In what does the Baobab Resort differ from other complexes?

Filip: The difference is that in Baobab we offer all owners a professional rental management service for short and long term rentals. In other resorts this is impossible! Purely residential complexes have the problem that for short periods (less than 3 months), when the owner is not present, the property cannot be rented out legally. Also, there are no cleaning services nor maintenance services provided. This kind of property will obviously not get such a high benefit because of having your property empty during your absence. In the Baobab Resort a professional rental service company will take care of all rentals, and will offer a full maintenance and cleaning service to the owners as well.

The formula is based on 3 observations.

Firstly, there is a growing need for property which generates a turnover. Thanks to our sales experience, it is very clear to us that offering a turnover for a holiday home plays a decisive role at the moment of purchasing a property abroad. The owner not only wants to cover the fixed expenses, but also wants to obtain a benefit from his investment. Moreover most owners do not want to depend from an acquaintance or a local and unknown office, but they are looking for a professional treatment of their property.

Secondly, the problematic Spanish rental system is also a big issue. For families with children there are actually more than enough hotel rooms available, but a wide selection of holiday apartments where the entire family can stay together simply does not exist. Also, the offer of large holiday apartments will be lower from now on because of the strict controls over the illegal rentals in purely residential complexes.

And thirdly, the always younger generation of owners is now looking for a combination of holiday and benefits. It becomes frequent that often younger people decide to buy a second home. Not only to be able to enjoy the property to the fullest during their short holidays, but also to obtain a high benefit during their absence. 

These observations have helped us towards the realisation of the design of the Baobab resort. A professional rental company will take care for determined periods of time of the rental management. This way we can offer a beautiful apartment with a top situation and fabulous sea views, together with all the necessary services, offering the owners a wonderful benefit on their investment.

  TNT: -Which kind of benefits can an owner expect?

Filip: Thanks to the years of experience of Second Home Tenerife in this number one area of El Duque, the rental incomes are expected to be above the average. Taking in account the prices of the surrounding hotels, we are expecting an excellent turnover. The professional rental management team will be available 365 days a year. The owners will be paid pro rata according to the amount of days they want to rent out their property. The turnover of each property will obviously depend on the occupancy of the owner in his own apartment.

TNT: -What kind of capital gain can be expected when the property is put up for sale again?

Filip: We have very high expectations, especially for the (middle- and) long period, as by then the good reputation and results of Baobab will be more than known. We are certainly expecting a rise between 5 and 10% per year. We have obviously also taken great care in offering great payment facilities to maintain the formula payable. So, for a top of the range property with an excellent situation and an interesting price with very appealing payment facilities:

Prices start at 243.018 euros, there is a reservation fee of 10.000 euros, only 40% is to be paid with the start of the building works, and the remaining 60% is only payable upon completion, which is foreseen for end of 2010. Moreover, we can also set up the mortgage from before the real purchase of the property.

Baobab Resort offers something very different and no doubt will this concept be copied in the future.

The lovely and well designed small residential complex of Villas del Palm-Mar is finished! The houses are now ready to be handed over directly.

As you can see from the pictures, the complex has a lovely communal pool, surrounded by lush tropical gardens. Each house has 1, 2 or 3 bedrooms, fully fitted bathrooms, a fitted kitchen, lounge, terrace with garden and direct access towards the pool, a private garage and a sun roof terrace on top of the house. The houses have been well finished, and the complex only counts with 29 properties, so it is a quiet and residential complex.

Feel free to contact us if you need any other information or you have questions or doubts! You can find us on www.secondhometenerife.com or contact us on info@secondhometenerife.com.

Or click here to go directly on our site and find out more about this lovely new development.

Prefer to make your own search on our site? Click here and browse or search on the name of a new development or an existing resort or complex.

In Jardines del Palm-Mar the building works are also going very well, so we took a picture to show you how quick they are working here. Jardines del Palm-mar is a luxury complex offering apartments with 1, 2, 3 bedrooms, luxury interiors and good views.

Find out all about Jardines del Palm-Mar on its site on: www.jardinesdelpalm-mar.com! Or contact us, for any extra information, details, plans or inside divisions, etc… 

As you can see from the latest pictures added here, Fuente del Palm-Mar is getting in shape!

Zoals u kunt zien op bijbehorende foto’s, gaat de bouw van Fuente del Palm-Mar goed vooruit.

 The exterior walls are being rendered and finished, and the different blocks of apartments are getting a first coat of colour!

De buitenmuren van het complex worden op dit moment afgewerkt, en de verschillende blokken krijgen reeds een eerste laagje verf!

Keep in touch for more updates, we will be adding some more photos as the building works come along. Or contact us, so we can send you the pictures directly…

Hou onze blog maar in de gaten, we zetten geregeld nieuwe foto’s erbij naargelang de bouwwerken erop vooruit gaan. Of kontakteer ons, dan sturen we u de foto’s direct…

Aardrijkskundige feiten: De Canarische Eilanden bestaan uit zeven grote en zes kleine eilanden. Hun uiterste Noordgrens ligt op 29 graden en 25 minuten Noorderbreedte en hun uiterste Zuidgrens ligt op 27 graden en 38 minuten Noorderbreedte. Hun hoogste punt ligt op 3.718 meter (de Pico del Teide), op het eiland Tenerife.

Politieke gegevens: De Canarische Eilanden zijn een autonome regio van Spanje, die met het volste recht als ontwikkelingsgebied in de Europese Unie geintegreerd is. De inmigratie- en douanewetten van de eilanden zijn daarom dezelfde als in de rest van het EU-gebied met bepaalde specifieke eigenschappen. De Canarische Archipel heeft een eigen Economisch- en Belastingstelsel, met talrijke voordelen voor de ondernemingen die zich in dit gebied vestigen. De archipel heeft een autonome regering en een regionaal Parlement met uitgebreide bevoegdheden. Wat betreft de administratie is de Archipel in 7 verscheidene Eilandbesturen en 87 gemeenten verdeeld.

Oppervlakte: De totale oppervlakte van de archipel is 7.446 vierkante kilometer, met 1.114 kilometer kustlijn en 257 kilometer strand. Het kleinste eiland, El Hierro, strekt zich uit tot 269 km². Daartegenover heeft het eiland Tenerife 2.034 km². Gran Canaria heeft een oppervlakte van 1.560 km². La Palma heeft 708 en La Gomera heeft 369 km². De oppervlakte van het eiland Fuerteventura is 1.660 km², daar tegenover heeft Lanzarote 846 km².

Bevolkingsgegevens: in totaal 1.995.833 inwoners (jaar 2006), met een gemiddelde bevolkingsdichtheid van 268 inwoners per km².

Munteenheid: Euro.

Talen: Spaans.

Gemiddelde temperatuur op jaarbasis: 22º C / 71.6º F.

Tijd en officiële feestdagen: De Canarische Eilanden hebben Greenwich Mean Time (GMT) gedurende het hele jaar, behalve tussen april en oktober, dan past men de zomertijd toe, dat is GMT+1. De officiële feestdagen die gelden voor het gehele autonome gebied zijn: 6 januari, 13 en 14 april, 1 en 30 mei, 15 augustus, 12 oktober, 1 november, 6, 8 en 25 december. Bovendien heeft elk eiland een eigen feestdag en alle gemeenten kiezen twee eigen feestdagen.

Infrastructuur: 8 vliegvelden en 41 havens, waaronder Marine-, jacht- en visserijhavens.

Milieugegevens: De Canarische Eilanden herbergen vier Nationale Parken, 141 beschermde natuurgebieden en vier Natuurreservaten. In totaal zijn er 1.386 inheemse plantensoorten en 540 endemische.

Toeristische gegevens: In 2006 bedroeg het aantal ontvangen buitelandse toeristen 9.530.039. De logiessector omvat 166.296 hotelbedden (in 575 hotelbedrijven) en 228.603 slaapplaatsen buiten hotels om (in 2.482 bedrijven). Er zijn 21 golfterreinen, 9 congrescentra en 6 speelcasino’s.

Winkelopeningstijden: Van 09:00 tot 13:00 en van 16:00 tot 20 uur, hoewel de grote winkelcentra gedurende de gehele dag geopend zijn, en in de toeristische centra heel veel winkels 7 dagen op 7 open blijven.

NIE Number. (Numero de Identificación de Extranjeros) and NIF, CIF numbers.

What this number is. It’s a number the Spanish authorities issue to uniquely identify foreigners. It is roughly equivalent to the DNI number each Spanish subject is given for national identification purposes.

Why it is needed. Absolutely anything that will require payments to the Hacienda (Spanish Tax Authorities) or similar identification for Authoritative purposes, will require you to have obtained this number.

How long to get it. Following application, you will normally wait for 3 days till a week, it seldom takes longer.

What it looks like. An example of a number would be X-0902015-R and this is the usual format of the number. It is received in the form of an officially stamped, white paper, A4 size document, bearing your name, date of birth and of course your NIE number. It always starts with an X, and ends with another letter. There are between 6 and 8 digits in between the X and end-letter to make the NIE number complete.

If it gets lost. Once received, you should make several good photocopies and store the original safely. If lost, it is not simply re-issued, you will need to repeat the application procedure, though you should normally obtain the same number again.

How it is used. When asked for your NIE number, in most cases, it will be required by means of

(i) Showing the original certificate, and

(ii) Providing a photocopy of the original. This usually happens when an application of some sort is being made. Once the copy has been compared to the original, the copy is accepted and you will be handed back your original. Don’t ever hand over your original to anyone, as it is the only valid original you have.

Typical things for which this number is a prerequisite -

• Working as an employee or self employed.
• Buying a Car
• Telephone Account
• Electricity Account
• Bank Account
• Buying a Property

Documents normally required for your NIE Application

• Passport Original + 1 copy (Original returned, copy must be readable and picture viewable)
• The official NIE Solicitud (application form, fully completed and signed)
• A form with which you can pay a small fee, which you have to present upon applying for your NIE number.

You can obtain all the necessary forms and do this yourself, as it is not too difficult, but as an office client you can use our services, we can assist you with this.

NIF, CIF Numbers

These are Fiscal and Commercial numbers respectively. You can take your NIE certificate to Hacienda and get a creditsized card bearing your NIF number, this of course will simply be the same as your NIE number, but in a convenient size. The CIF number is normally issued to identify commercial entities such as SL and SA (Limited Liability and Public) companies.

Tenerife offers one of the finest climates and lifestyles in the world. The dramatic growth in the popularity of the island has also created a similar increase in the growth of business opportunities, jobs and holiday home ownership. If you don’t know Tenerife particularly well, and are thinking of holidaying, buying in, or even moving to Tenerife, you will find much more information about Tenerife on our website and you can always contact us for any questions.

Foreigners of virtually any nationality are allowed to buy holidays homes in Tenerife. Foreigners can also become residents, work and set up businesses in Tenerife. This is quite straightforward if you are an EC citizen, but can be more problematical for other foreigners, depending on nationality. We can help you to find the solution according to your own situation.

The new development Villas del Palm-Mar is almost ready to be handed over, and we have taken some nice pix to show you what the complex looks like in the end. Villas del Palm-Mar are located very close to the beachfront, and the complex is not too big and does not have too many common elements, ensuring that the communal costs will not be too high. A perfect spot for a second home, or even a first one. There are attached houses with 1, 2 or 3 bedrooms. Pick your choice!

It looks gorgeous… The palm trees were being planted while taking the photos, the pool was being filled, but as you can see, the complex is almost ready. The houses look very smart as well, and were built to the highest of standards, with first class materials and well chosen appliances.

We still have some units for sale in Villas del Palm-Mar, feel free to contact us on infopm@secondhometenerife.com if you are interested in this development. Or click on this link to find out more directly on our website!