How easy is it to buy a property in Tenerife?
How easy is it to buy a property in Tenerife? To buy a property in Tenerife as a non-resident it is a essential to get a NIE number (Foreigner Identification Number). Apply for the NIE at the national police station. You have the option to handle the application yourself or to obtain it faster and easier you can hire an assistance from your real estate agent.
What is worth buying in Tenerife?
What souvenirs to buy in Tenerife. Besides the usual key rings, badges, fridge magnets, dolls dressed in traditional costume and beach towels printed with the map of Tenerife, the island also boasts quality products that can also make perfect souvenirs.
Is Tenerife a tax haven?
The Canary Islands are thus a tax haven, fully legal in terms of tax advantages, mainly for the so called ZEC, a norm providing great exemptions for those who wish to open an offshore company, according to law requirements.
Where is the cheapest place to live in Tenerife?
Tenerife north is usually less expensive than the south, where you'll find many more renting options. The average cost for a room in a shared apartment is €650-800 per month while renting an entire apartment can cost you up to €1500 monthly. The cost of food in Tenerife is quite cheap.
Do you have to pay resort tax in Tenerife?
This rule applies to all the Canary Islands, meaning that there's no tourist tax in either Tenerife, Gran Canaria, Fuerteventura, Lanzarote, La Gomera, La Palma, El Hierro, or La Graciosa.
How long can a non resident stay in Tenerife?
In order to answer this question we are going to use the 90-day rule. This rule simply states that you can live in Spain without residency for a maximum of 90 days. After those 3 months, you need to either obtain a residence permit, or leave the country.
Can I drink the tap water in Tenerife?
Most of Tenerife drinking tap water comes from desalinated sea water and doesn't have a good taste, it's fine for bathing or washing clothes, etc. For drinking, tea, coffee or ice always use bottled water. Some people experience upset tummies and other digestive problems that possibly are caused by the tap water.
What are the disadvantages of Tenerife?
It also rains very rarely and not too much. However, there is a big disadvantage of the weather in Tenerife, known as ”CALIMA”. It's the hot wind from Sahara which brings dust and sand, and it can happen anytime. This is the main reason why you'll not be able to see as far as usually.
Why is Tenerife property so expensive?
High international demand is having a large impact on the Tenerife property market. The majority of prospective buyers are interested in acquiring properties in the locations Costa Adeje and La Caleta. In recent years, prices here have risen by as much as 30 percent.