Tenerife is the largest of the Canary Islands, located off the coast of Africa. It is a proven popular destination for tourists and real estate buyers.
The Tenerife real estate market offers a wide range of properties, from apartments and townhouses to villas and luxury properties. Prices for properties in Tenerife vary depending on the location and type of property, but in general, Tenerife is considered to be a perfect and affordable destination for real estate investment compared to other popular European destinations.
There are several reasons why someone might choose to buy a house in Tenerife, including:
- Ideal climate: Tenerife has a warm and sunny climate year-round, making it an attractive destination for those looking to escape the colder climates of Northern Europe. Its is often refered to as the island of “Eternal Spring.”
- Affordability: Compared to other popular European destinations, Tenerife offers lower real estate prices and an overall lower cost of living.
- Strong rental market: Tenerife is a popular tourist destination, providing strong rental income potential for property owners, making it a safe high yield investment.
- Lifestyle and leisure opportunities: Tenerife offers a wide range of lifestyle and leisure opportunities, including beautiful beaches, golf courses, volcanoes, and scenic landscapes.
- Growing economy: Tenerife has a growing economy and a stable real estate market, making it a very attractive investment destination.
- Good transportation links: Tenerife has good transportation links, including a well-developed road network, a busy port, and two international airports.
- Cultural and historic attractions: Tenerife offers a rich cultural and historic heritage, with many attractions to visit and explore.
- Permanent residency potential: Tenerife offers the possibility of obtaining permanent residency for those who purchase property on the island.
Tenerife is the ideal destination for real estate investment as it offers a high standard of living coupled with a strong rental market for those looking to generate income from their properties. Our experienced and skilled team at Viking Real Estate are ready to help with all your property needs.