"Exceptional property" in a year-round location
The largest of the Canary Islands and aptly nicknamed ‘The Fortunate Islands’ and the ‘Island of Eternal Spring’, it's easy to see why so many people choose Tenerife as the perfect setting for a holiday or a new home abroad.
Blessed with a climate which is pleasant throughout the year, with an average temperature of approximately 21°C during the winter months in the south and 26°C in the summertime, this beautiful Spanish island proves popular among those seeking a summer getaway as well as people looking for a winter sun destination.
Tenerife's inherent charm not only lies in its favourable weather but also in its incredible diversity, so that visitors and those living on the island can enjoy the selection of beautiful beaches in the south, and the contrasting lush green forests and mountains of the north.
"Tenerife is a fantastic choice for those looking to buy property abroad because it simply has everything you could ask for from an overseas purchase," explains Alan Nicolson, managing director of Clear Blue Skies Group S.L., an independent estate agent in the south of Tenerife.
"We sell a range of properties on the south of the island and buyers are as eager as ever. We've actually just taken on a truly stunning luxury villa which has been stirring up considerable interest."
The villa in question is a high-quality, five-bedroom property situated in Torviscas Alto, in the highly sought after Costa Adeje area, just a few minutes' drive from the seafront.
Built just two years ago to a high specification, the villa has numerous unique features, including internal stereo speakers throughout, central alarm and security cameras for optimum security, top of the range air conditioning, a superb designer kitchen, large master bedroom with raised Jacuzzi bath, outdoor swimming pool with flow system and Jacuzzi, large terrace areas and underground parking for three cars.
"Both bedrooms in the main part of the property have their own luxury en-suite bathrooms and dressing rooms," says Mr. Nicolson.
"There is also a separate three bedroom, three bathroom apartment and two further floors with huge scope for development. There's the potential for a gymnasium, home cinema, games room, or another apartment could easily be added. The possibilities are endless. The setting of the villa is also impressive, indeed, the views offered by the villa need to be seen to be believed. This really is an exceptional property."
For any buyers who are unsure about buying into the Tenerife housing market, Mr. Nicolson is quick to offer reassurance.
"The good news for anyone who is feeling a bit wary about buying property on this beautiful island is that they have nothing to worry about because Tenerife's property market, in particular in the luxury villa area, remains robust," he explains.
"This is largely because the banks here have rarely lent to unsuitable clients, indeed anyone who wants a mortgage here is likely find that they'll be required to provide a credit report from the likes of Equifax or Experian to check their credit history. Interest rates are also much lower, for example, buyers can have a mortgage for around 1% above "Euribor" which in early February was only 2.25%, which reduces the chances of people defaulting as the interest rate remains affordable."
Mr. Nicolson points out that another interesting feature of the Tenerife mortgage market is that the UK habit of changing mortgages after the ‘3 year reduced interest period’ has elapsed, is almost non-existent, people stay with the same mortgage provider as long as they keep the house.
"Another indication of the confidence in the Tenerife market is the way major UK lenders are coming here. Already household names like Barclays, Lloyds TSB and the Halifax have a significant presence here. Indeed, I would go so far as to say that anyone who is interested in property in Tenerife can definitely buy with confidence, and the stunning villa in Torviscas Alto is the perfect opportunity to own a luxury property offered for sale at €1,495,000, in one of the world's best climates, where the cost of living is low and where the economy is extremely stable. However, judging by the level of interest we've had so far in this particular villa, buyers will need to act quickly to avoid disappointment."
Click here for more information, or to enquire about the executive villa in Torviscas Alto
Information courtesy of Clear Blue Skies Group S.L.
© PropertyIndex.com 2009 | Last Updated: 30 July 2009
