Property Weekly

A home in the sun

September 17 - 23, 2008
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Gulf Weekly A home in the sun

If you are looking to get involved in property investment then Tenerife is one of the most stable environments to start in, boasting sunshine all year round.

This Spanish island, largest of the seven Canary Islands in the Atlantic Ocean off the coast of Africa, has a booming property market which offers real opportunities for the investor and those seeking to buy a home in the sun.

The number of potential locations for an ideal holiday or retirement home in the sun are endless. The exotic Caribbean, America's sunshine state of Florida and many places in Europe which already have strong expatriate communities, can prove good investments for the property buyer.

So, why do so many Britons and Europeans prefer Tenerife over everywhere else?

The weather! The weather in Tenerife is definitely a main attraction as many other locations are affected by extremes of temperature, high levels of humidity and tropical storms, whereas Tenerife has one of the best climates in the world, no hurricanes and no earthquakes.

Another valid reason is the value for their investment cash.

Many places experience cycles of fluctuating property prices but this has not been the case on Tenerife. For the past 20 years, property prices have been increasing at an average rate of around 10 per cent year on year.

The travelling time is another major element. Most people are concerned about living abroad because of the distance from friends and family. Buying property in the US or the Caribbean means factoring in the long flights and the stopovers. In comparison, the investor can fly from virtually any airport in the UK to Tenerife's modern international airport in four hours and the main residential areas in the south of the island are a mere 10 to 15 minutes' drive along a modern motorway.

There is also virtually no language barrier in Tenerife. Although Spanish is the official language and is spoken throughout the island, English is also spoken extensively.

All in all, Tenerife stands head and shoulders above almost all other options for purchasing a property for investment. Not only does it boast great weather, sound investment opportunities, ease of access and a secure environment for families, it also has beautiful beaches, fabulous mountain ranges, a massive diversity in climates and flora, beautiful villages, cosmopolitan cities, six championship golf courses, superb sea diving and water sports, low living costs and much more. The busy all-year round tourist industry and fantastic mild climate ensure properties in Tenerife are always a sound choice.

Star International Real Estate offers a beautiful villa for sale in Tenerife. Situated on the site of an old orange plantation, this 22 year-old villa is considered to be on one of the most valuable plots of land on the coast with stunning views overlooking the sea and Mount Tiede to the west.

The villa features a very large lounge/dining room with walk-in enclosed patios and the ground floor has a separate apartment. The master bedroom comes with an en-suite bathroom while the second bedroom features a shower room.

There is also a utility room and a store room if required. The garden is filled with fruit trees and is large enough to add a swimming pool. There is also a garage and extra hard standing.







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