The realisation of a lifelong ambition to own a property overseas is often far easier to achieve than most people realise. However, for the prospective purchaser, the lack of knowledge and understanding of the laws and regulations in a foreign country can make the whole idea very daunting indeed.
Tenerife is a wonderful island for both residents and visitors and its popularity continues to grow as the ideal place to own a holiday or retirement home. Customs and procedures are very different from those in the United Kingdom and there are many, many “advisers” happy and willing to give ‘advice’ to people who are perhaps thinking of making one of the biggest decisions of their lives. These ‘advisers’ can be found in bars and around the swimming pool and it’s amazing how the atmosphere gives these people an aura of credibility - which is not always deserved!
This guide is aimed at helping the prospective purchaser to understand a little more about the process here and perhaps relieve some of the doubts about buying a property in Tenerife.