Tenerife Cheap Property Listings For Sale By Owner

Why Invest in Tenerife Properties

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.

"Cheap property" in the luxury market doesn't always mean a low price, as a 'luxury property' that is undervalued for the current real estate market place status can be seen as being cheap.

A $1M home might be "cheap" compared to others at $2M that are located in Tenerife, but the price difference for what seems to be very similar properties could be for a wide range of reasons.

If the luxury property has become distressed or foreclosed they are often sold below market value and at time through auctions. Or it could be the seller, for personal reasons like a job relocation has special reasons for letting the property be sold at a very low rate.

In emerging luxury markets luxury could be listed as undervalued in relation to future expectations, for areas such as growing neighborhoods in cities that are becoming popular, like those with infrastructure improvements or tourism growth.

Luxury buyers often have leverage as they have the financial means to purchase, especially in slow markets where borrowing from a bank is harder.

Properties bought below market value in luxury areas, such as Tenerife property listings for sale by owner especially when looking at cheap Tenerife real estate listings by owner which can be cheaper than listed via an agent, can often see strong appreciation if buying below market value.

Economic or political fluctuations can temporarily depress prices, allowing investors to acquire premium assets at a cheaper rate.

FEATURED Spain LISTING Location : CASCADA DE CAMOJAN, MARBELLA GOLDEN MILE Property Type: Villa Property Terms: For Sale Local Currency Price: 5400000 euros Price in USD: $5,957,600

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 have shown consistent long-term growth-especially in areas with at times limited supply.