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.
Buying luxury real estate in Spain for personal use or as an investment will be down to each individuals financial goals and needs.
Owning a luxury piece of real-estate may come with a swimming pool, home theater, gym, and much more, and can serve as status symbol to the owner.
Luxury properties purchased in sought-after areas can appreciate in value as part of a natural capital appreciation, even if not using the real estate as an investment tool.
As an investment though, rental income short or long, can yield high returns in luxury markets, especially homes purchased in high-demand locations.
High-net-worth individuals worldwide are often interested in luxury properties in key cities such as located in Spain, and this international buyer demand can keep property values stable or even rising.
While demand for luxury real estate is always present, economic changes both locally and internationally can affect values, and legal paperwork for an international investment can be more complex.
If considering looking at luxury investments in Tenerife properties for personal use or as income property, always perform due diligence and use lawyers to manage the purchase agreements.
Choosing a luxury real estate Spain investment by location and type is also down to the investors aims and end financial goals, be it regular rental income, capital appreciation or both.
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.
Real Estate Agents and Property Developers in Spain
