What are the benefits of Tenerife?
What are the benefits of Tenerife? Tenerife boasts not only a sunny climate but after all, the cost of living is not very high compared to the European mainland. Taxes are lower than on the Spanish peninsula and also flights between the Spanish mainland and Tenerife are very affordable… as long as you're registered on the island.
Is Tenerife VAT free?
VAT does not exist in the Canary Islands but there is a local consumer tax known as the IGIC (Impuesto General Indirecto de Canarias - Canaries General Indirect Tax) applied at several different rates.
Is Tenerife a good place to live?
Santa Cruz, Tenerife is one of the safest places in Europe when compared to other large cities such as London, Paris, and Madrid. That said, there is a bustling nightlife in some areas which can attract things like petty crime, drinking, and drug use.
What is the downside of living in 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.
What is so special about Tenerife?
The crystal-clear waters of the Atlantic Ocean around Tenerife and the Canary Islands are internationally known for their quality and temperatures of 70 degrees. Filled with a rich diversity of marine life, the island is an undersea paradise for experienced or first time divers.
Is Tenerife a tax free country?
Tenerife offers a very attractive tax rate within the Canary Islands Special Zone (ZAC), with a 4% Corporate Tax, instead of 30% of the general regime in the rest of Spain. Non-resident income tax is not subject to withholding on dividend distributions.
What age group goes to Tenerife?
What age group goes to Tenerife? In 2021, approximately four of 10 tourists visiting the Canary Islands in Spain were at least 45 years old, flipping the distribution of the previous year, when this group accounted for the largest share of inbound tourism volume in this Spanish autonomous community.
Is it worth buying a house in Tenerife?
It is a very good place to buy property whether it be for investment purposes, a second home or even your primary residence in the sun. Otherwise known as the land of eternal spring due to the fantastic weather which very rarely drops below 20º C in the winter months.
Where do most expats live in Tenerife?
Where do most expats live in Tenerife? Playa De Los Cristianos – this beachside resort in southern Tenerife is popular with holidaymakers and expats, especially British families who are drawn to the excellent climate and wide beach. Costa de Adeje, where to stay in Tenerife for your first time. ...
Are houses expensive in Tenerife?
High price bracket in prime locations Prices for such high-end properties range from 1 to 2 million euros. Local client interest is more focused on townhouses near Costa Adeje. Such properties with an interior of approximately 100 square metres are selling for between 300,000 and 600,000 euros.
Why do Brits go to Tenerife?
There's great nightlife and beaches. Some UK workers have even received free holidays to Tenerife as a reward for all their pandemic-related hard work. There's a sense of togetherness to the place for Brits, and everyone's united on their visits.
Is it hard to get a job in Tenerife?
Hi first unemployment in Tenerife is much higher than many other parts of the EU, some news reports show it to be as high as 20%. So any 'in-comers' will be at the bottom of the list. You also need to learn Spanish. For many jobs you will need a local qualification, much more so than in the UK.
What is the main source of income in Tenerife?
Tourism is the mainstay of Tenerife's economy. Thanks to the millions of visitors that come to Tenerife every year, tourism is the main cornerstone of the economy.
Why do British people love Tenerife?
It has long been a favourite destination for British holidaymakers – a haven of sunshine and relaxation whose affable climate offers easy escapes from the worst of the winter. And it seems that our affair with Tenerife shows no sign of fizzling out.
Why do British people go to Tenerife?
There's great nightlife and beaches. Some UK workers have even received free holidays to Tenerife as a reward for all their pandemic-related hard work. There's a sense of togetherness to the place for Brits, and everyone's united on their visits.
Is Tenerife good for singles?
Take note. Singles holidays can be an amazing experience if planned properly. Travel to a vibrant destination, enjoy the nightlife, do exciting activities, enjoy nature and join social events. Make the most of your time and make new friends during your singles holiday in Tenerife.
Where do the rich live in Tenerife?
Where do the rich live in Tenerife? Most of these villas are located in the municipality of Adeje, namely in its coastal areas: Costa Adeje and La Caleta – Playa del Duque.
Are people in Tenerife friendly?
If you were to ask me if Tinerfeños (people from Tenerife) were friendly people to live amongst, I'd answer “Yes” without any hesitation.
Where to avoid in Tenerife?
Areas to Avoid Because of its volcanic background, most beaches in Tenerife are volcanic with black sand which can be hot under the feet. If you're after a traditional sandy beach head to Los Cristianos and leave the southern resorts alone. Playa la Arena is also notorious for pickpockets.
What nationality visits Tenerife the most?
In 2022, the United Kingdom was the most important tourism source market for the Canary Island of Tenerife. Close to 2.3 million British tourists visited this Spanish island that year, roughly three times the number of Spanish tourists from the mainland.
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.