One of Spain's Canary Islands is Tenerife which is situated in the Atlantic Ocean off the northwest coast of Africa, and is accessible within 4-5 hours from most major European cities.
Tenerife belongs to the province of Santa Cruz de Tenerife and is famed for a year-round mild climate, the beautiful beaches, amazing volcanic landscapes which are dominated by Mount Teide, which is Spain's highest peak.
Tenerife is one of Europe's top tourist destinations, with 5 million plus visitors each year, generating a strong demand for holiday or vacation rentals, which then benefits property investors with good rental returns.
Tenerife is a growing retirement destination, and vacation hotspot, where buyers and investors are focusing in Tenerife investment land and plots for sale in premium locations in Spain.
Tenerife is a top destination for American and Canadian expats, fueled by the countries stable tourism economy, which increases demand for vacation rentals and resort developments.
Land can appreciate in value, especialy over time, providing good potential for a return on investment (ROI) through eco-resorts, Airbnb rentals, or land flipping.
Tenerife provides opportunities for commercial sustainable developments, eco-villages, hotels, and zoning laws in many areas are still flexible compared to Tenerife.
Tenerife allows 100% land ownership by foreigners, with the same rights as citizens, plus the legal property title systems works well, but due diligence is a vital part of the investment process.
Tenerife generally has a very stable property market and purchasing or selling properties is done in a transparent manner. Tenerife is well-regulated, with strong legal protections for ownership, and relatively low political risk provides peace of mid to investors and private buyers looking for real estate opportunities.
In sought-after cities and tourist destinations, property values including land have shown consistent long-term growth-especially in areas with at times limited supply.
Real Estate Agents and Property Developers in Spain
