11 de Mayo de 2023
Eliane Woestelandt
Located in Spain, Tenerife is without doubt the most popular island of the Canary Islands. It is also a very popular tourist destination with several million holidaymakers each year. With a year-round subtropical climate, it's no wonder that this destination, nicknamed "the island of eternal spring", is so popular... But apart from that? Why is it worth investing in property in Tenerife?
- High demand for rentals: As a renowned tourist destination, the demand for rental properties is constantly increasing. In Tenerife, there are several types of rentals, short term rentals (for holiday makers), medium term rentals, ideal for people moving in for a few months/one year. But also long-term rentals for residents. Short, medium or long term, the demand is really there.
- An expanding market: Obviously, if demand is high, this means that the market is doing well. Indeed, every year it is growing. This can give a good idea of the future value of your investment. Interesting, isn't it?
- The diversity of properties: Small or large budget? It doesn't matter! Tenerife is full of diverse properties. Whether it is a flat or a luxury villa, you are sure to find the perfect property!
- An advantageous tax system: High demand, diversity, a developing market... yes, but not only. Foreign investors can benefit from an interesting tax regime in Tenerife, particularly with regard to taxes on rental income. This is worth considering...
However, it is important to do thorough research before investing in property, including local regulations, maintenance costs and associated taxes. That's why 4Life Properties will help you with your project, and guarantee you a reliable expertise.
