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Here is a list of frequently asked questions to learn more about buying, selling, and renting real estate in Tenerife. Can’t find the answers that you are looking for? Drop us a message and we will be more than happy to answer this for you!

Questions About The Services That We Offer

What type of services fo you offer?

With You in mind we offer complete hassle free service from start to finish. This includes:


  • Helping you to find a Dream property;
  • Legal assistance;
  • Paperwork checks;
  • Assistance with NIE (National ID for Foreign Nationals), opening bank account, etc.


  • Free property valuation;
  • Taking photographs of your property;
  • Advertising your property on multiple national and international platforms;
  • Open House (terms and conditions apply)


  • Free property valuation;
  • Taking photographs of your property;
  • Advertising your property on multiple national and international platforms;
  • Tenant background checks;
  • Creating a contract.


  • Finding and advising about the perfect Holiday Home;
  • Pick up from the airport (additional fees apply);
  • Meet and greet upon arrival;
  • Advise about the local area and things to do.


  • Airport transfers
  • Car Rentals
  • Tours/Tickets for excursions or attractions
  • Item storage
  • Child equipment hire: baby beds, high chairs, booster seats, pushchairs, etc.

Questions About Holiday Lets

What are your charges to manage my holiday let?

We offer tailored made packages from fully managed services to ad-hoc requests. Please contact us directly to discuss your requirements.

How does a Holiday Home request work?

Found a property that you really like on our website? Not sure of your travel dates yet but would like to get more information? Send us your request with the dates and we will get back to you with all available options within 24h.

What is the deposit amount for a holiday home?

The deposit normally varies between 150EUR – 500EUR depending on the property and the length of stay. This is returned back to you upon departure.

Questions About Buying a Property in Tenerife

What are additional costs to buy a property in Tenerife?

As a rule of thumb we say that you should leave yourself additional 10% off the value of the property for additional fees. This normally depends on the amount that you have spent.

6.5% ITP (Impuesto sobre Transmisiones Patrimoniales, a transfer tax) for second hand properties and 7% for the newly built properties.

Lawyer – normally between 1500-2000EUR

Notary fees – normally between 800 – 1100EUR

Land registry – normally between 400-600EUR

Do you suggest to hire a lawyer?

Yes, we highly recommend to hire yourself a lawyer who will guide you through the process and do all additional checks to make sure that all the paperwork is correct. We can suggest you English, Spanish, Russian, Italian or German speaking lawyers.

What is sales agreement?

A private document signed between the buyer and seller. Either your estate agent or a lawyer can help you with that. Some of the most important areas that will be included:

• Details of the buyer and seller with ID Details and address
• A legal description of the property
• The purchase price
• The form of payment
• The completion dates and penalty clauses if these dates are not met (usually, if the buyer withdraws after signing the contract he could be liable to pay double the amount of the deposit). Your Lawyer will advise.

What if there are still some debts or mortgage on the property?

Nothing to worry about. At the time of the final deed the notary or the bank will deduct any outstanding debts or mortgages from the seller.

Can foreign nationals get a mortgage in Tenerife?

Yes. As long as you can submit the financial information the bank requires in applying for a mortgage, the bank will provide you with details of what is required. Normally the banks in Tenerife finance between 60-80% off the value of the property for foreign nationals.

What do I need to be able to buy a property in Tenerife?

The first thing is to apply for an N.I.E. (Number of Identification for Foreigners), which is basically an ID card anybody with a financial interest in Spain or the Canary Islands is required to have.

You’ll also need to set up a non-resident bank account.

We can help you with all the forms and appointments.

Questions About Selling a Property in Tenerife

Do I have to pay TAX when selling my property?

Yes, if you are a non-resident you will have to pay 3% of the sale value of the property.

You will also have to pay 19% of the capital gains as Income Tax, i.e. 19% of the difference between the price you paid for the property and the price you’re selling it for. We will advise you on the exact amount before the sale is done.

What are your fees to sell my property?

Upon successful sale we charge 5% of the value of the property.

Questions About Renting a Property in Tenerife

The difference between short-term and long-term rent in Tenerife?

Normally a long-term term rent is considered any rental that is more than 6months of consecutive stay. Anything less than that is considered a short-term (holiday let).

What is required to rent an apartment long-term?

The requirements are normally specified in the ad description. Majority of the owners will want to see a proof of income, pension and job contracts.

In some cases you can rent the apartment without the contract however normally a longer advance payment would be expected.

What are additional fees to rent an apartment long-term?

Additional fees normally include all utility bills (unless specified otherwise), one or two months deposit (returned at the end of the tenancy) and an agency fee (non refundable).


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