How Lupain Properties Help Tenerife Property Buyers

Tenerife is the ideal spot for a second home away from home.
Lupain offers you an exquisite selection of property in Tenerife, as well as a high level of security of your purchase.

The first and foremost reason why Tenerife has attracted so many international property investors, is the weather. The geographic location of this island just off the coast of Africa, in the subtropical climatic area, enables its residents to enjoy warm weather and beaches all year round.

This all year round warm season offers another excellent benefit to investors in Tenerife properties. You have the opportunity to rent your holiday home to tourists visiting this island all year round, as opposed to only a couple of summer months. This means your property can yield an income throughout the whole year, thus enabling you to benefit from a higher return on your investment than investors on the Spanish mainland, for instance, who can only rent their holiday homes for a few months a year. You can live in your property during the winter months and then list it on the market for rentals for the remaining months of the year, if so you wish.

As Tenerife is officially part of Spain, it enjoys all the benefits and security offered by the European Union to its member states and their residents. This means that property buyers aren’t exposed to as many risks as when investing in properties in countries and territories outside the EU. In fact, they aren’t exposed to any risks, as long as they follow the legal route when buying a property.

Finding the right property in Tenerife is as simple as contacting Lupain Properties and telling them what your requirements are. They have a broad portfolio of properties on this wonderful island, which you can view directly on their website. The property list is updated in real time, granting you access to all new properties on the market as soon as they become available for sale. Lupain Properties is one of the largest and most experienced estate agents in Tenerife. They also have the connections to deal directly with banks in order to find the best repossessed and distressed property bargains for their clients.

 

Top Tenerife Property Tips

A Few Legal Notes About Property In Tenerife

Foreigners are purchasing homes in the Canary Islands, specifically Tenerife in record numbers. The price points are favourable, and there’s a lot of different options to pursue. As people from the UK and other areas in the world find thE exchange rate still favourable, getting more for their money is enticing.

But there are some legal notes that you should adhere to, as there are some things that could stifle your purchase. The following are some quick tips that you’ll no doubt want to consider if you are going to purchase property in Tenerife soon.

Hire a Lawyer (Local)

Before you spend or even tour locations, hire a good lawyer. You need to have someone that can help you with the legal hurdles that comes with purchasing property as a foreigner in another country. You may think it’s smooth, but there are a number of hurdles that can come up. Do not believe anyone that tells you that you don’t need a lawyer, always get someone to help you, and make sure they are bilingual, or if you know Spanish, seek someone that can trust.

Picking a good lawyer can seem daunting, but it’s not that difficult. You need to look for a lawyer that is a member of the bar. The local bar in the area is the Bar Association of Lawyers of Santa Cruz de Tenerife. If they are not members of this arena, then you are not going to have someone you can trust. You need to speak to someone that knows the law, so that you’re able to gain the upper hand when purchasing property.

The Law Elements

When you purchase a home, you’ll be given a great deal of paperwork to read and sign. Some of this includes the deed, method of payment, purchaser agreement, and a lot more. If you don’t know Spanish, or you don’t have a translator, this can get confusing. Spanish Civil Code Law is not the same as that in the UK, so you’ll need a lawyer to help you get through some of the issues, including permissions, land building elements, and much more.

Contracts may be written in English, but often they are just Spanish, and could hinder your understanding of what you’re signing. There’s a registry that needs signing, a notary that needs to be present, and a lot more. Without having all of your elements in order, you will not be able to purchase anything, nor make it legally binding.

Don’t Be Fooled

It’s best to get a professional on your side when trying to get a home in Tenerife. Get a lawyer, have them help you with the paperwork, the legal ownership paperwork, and just spend the extra to keep them with you during the process.
Also, hire a good notary, and do not let anyone take advantage of you. If you feel that you don’t understand, get a translator, or ask your lawyer. Do not rush into this, especially if you do not speak Spanish fluently. A lawyer will make the whole process a lot easier.

Lupain specialises in quality, good value Tenerife properties and are an established estate agent in the south of the island.
For more information, visit them at www.lupain.com.