Tenerife Property Shop Newsletter...For years we have been known as the leading estate agent in Tenerife and we try hard to keep ahead by ensuring that our service is second to none

Tenerife Property Shop Newsletter

Welcome to the June newsletter, which we hope is the best newsletter yet! The big news is the new Tenerife Property Shop website is now up and

running and has some fantastic features that allow you to keep in touch with the Tenerife Property market in all sorts of ways! Tell us what you

think of the new newsletter format and the new website, we would like to keep improving all the time... and we want to know if you like the changes!

Download a pdf document of this newsletter

For years we have been known as the leading estate agent in Tenerife and we try hard to keep ahead by ensuring that our service is second to

none. That's why we have tried to create the most useful and complete resource for anyone who wants to buy or sell property in Tenerife.

Here are some of the highlights that will make your Tenerife Property search easier and better informed:

Want to keep up to date with changes in your search? If you use a news reader, such as

Google Reader, you can receive updates to any Tenerife property search on your feed

page whenever a new property is added which means you'll be the first to know! Find out

more about using the Tenerife Property Shop RSS feed facility here.

Found something you want to share with your friends? You can easily do this by

clicking the Share This Icon at the top of every page and share a link to the page

by email or using Facebook, Myspace, Stumbleupon, Twitter & and many more!

You can create an account to save your shortlist of property, and when new properties in

Tenerife are added to the site, you can set up an email alert. Just click the 'register' link under my account on the right of the homepage.

Searching can take time, so to save yourself the bother, you can click the Property Finder, and we'll do the hard work for you, searching all

available property Tenerife has to offer, within your budget.

You can search for properties in a variety of ways. We make use of Google maps of Tenerife to help you search, or you can use the more

traditional search form. If you know the reference number of the property you are looking for, you can search by that too.

We have also helped you by filtering shortlists. Check the homepage and see for yourself.

Good information is highly important, especially in a property market that you may not know intimately. There are now hundreds of articles about

property in Tenerife, and at the bottom of each you will find links to even more related articles. You can even search through all the articles for

the information you want!

Check the latest news on our Tenerife property news blog and try flicking back to some of the previous months to see how the market is changing.

And of course, you can add the blog to your RSS feed and get all new articles in your feed reader as they are added!

You can now follow Tenerife Property Shop on Twitter!

Properties are added and updated in real time from our databases, so everything you see should be current and up to date.

And there's so much more that you will discover as you browse the website, not just about property in Tenerife, but also about all facets of life on

this beautiful island. If you don't find what you are looking for, then get in contact with us, we will be glad to help you!

Recently we wrote about how to find a bargain area to buy property in Tenerife and promised that this month we would write about how to find

those elusive individual bargain properties in Tenerife:

Read more: Finding the Needle in the Haystack

Hopeful property buyers with budgets less than 120,000 Euros expecting to be spoilt for choice have been surprised to find that they only have one

or two real 'bargains' to consider. Though the general market can be said to have settled at a 'good' price, that's not what these aspiring investors

are looking for.

The Tenerife property market has proved to be one of the most resilient in the face of global recession, but unfortunate individual circumstances

cause exceptions to the rule and it is these distressed properties that form the bulk of the real 'bargains' on the Tenerife Property Market.

Recent activity on the market has been very concentrated on sweeping up the last of the lowest priced property bargains in Tenerife. A survey of

all estate agents' portfolios quickly reveals that

What is a bargain?

There are still properties for

sale at less than 120,000, but

not all of them are bargains.

A bargain represents

extraordinary value for

money, and therefore its sale

price will be substantially

below market value.

the sub 120,000 euro bargains are becoming very scarce. Indeed, the shelf life of a particularly well priced

property at this level can be less than 2 weeks.

It is natural that this price bracket is the first to feel the signs of resurging demand after a recession, and an

important landmark for those who are waiting on the wings to buy property in Tenerife at the right time.

A 'cheap' property is easier to identify as a bargain, but that is not the only factor affecting demand. The

banking crisis has also channelled buyer interest into price brackets where people need little or no mortgage to

purchase.

Figures, from Spain's National Institute of Statistics (INE), show there were 52,439 residential mortgages signed

in March, an increase of 1.2% on the number signed in February, which in turn was slightly better than January.

April and May are expected to show further increases, indicating that the flow of credit is slowly restarting.

Bargains up to 250,000 Euros will disappear

Apartment in Pinehurst

● Reference: AMG00137

● Price: 71.500 Pounds (Appx. 83.898 Euros)

● Type: Apartment

● Beds: 1

● Baths: 1

● Localty: Amarilla Golf

Enjoy fantastic views of the really nice pool area,

golf course & the ocean beyond from this 4th floor

1 bedroom apartment. Just a few minutes walk to

the sea, shops & the new marina, this is an ideal

holiday home in an area undergoing massive

improvements that is tipped to shoot up in price.

Click here for more info

Duplex in Compostela Beach II

● Reference: LA01367


● Type: Apartment (Duplex)

● Beds: 2

● Baths: 2

● Localty: Playa de Las Americas

Dreaming of a golf property with panoramic

mountain and golf course views.


Apartment in Malibu Park


● Price: 99.000 Euros (Appx. 84.972 Pounds)

● Type: Apartment

● Beds: 1

● Baths: 1

● Localty: San Eugenio Alto

Bargain hunters alert !! Move quickly or you will

miss out. If you are looking for a good rental

investment property this is a sure winner.


The next logical stages for the Tenerife property market are rises in demand at increasingly higher price brackets. The bargains that you see today

in the price bracket up to 250,000 Euros are likely to disappear at an accelerating rate.

Many in this wave of purchasers will be highly motivated by investment potential, even if that is not their primary reason for buying property in

Tenerife: and they have good reason to be. Purchasing property at a discounted rate in a market that is rising is a no brainer and plump, ripe

bargains are there for the picking.

Even while this is happening, the more experienced investors will be scaling higher up the tree, where the greatest rewards are to be had. This

recession has affected people from all walks of life, but probably the best bargains are to be had amongst the luxury villas. There are rich pickings

to be had amongst property prices that have been slashed by hundreds of thousands, and rental returns can be staggering.

There are rich pickings to be had amongst property prices that have been slashed by hundreds of thousands

Villa in Playa Paraiso

● Reference: OUT00884


● Type: House (Villa)

● Beds: 5

● Baths: 5

● Localty: Playa Paraiso

REDUCED BY ?30K!!! A stunning luxury detached

villa built to a very high standard! This fully

furnished property comprises of 5 bedrooms & 5

bathrooms & boasts a beautiful garden area with

private pool.


Villa in Roque del Conde




● Beds: 4

● Baths: 4

● Localty: Roque del Conde

The slopes above town enjoy breathtaking views of

the ocean, & this detached villa has terraces from

each of the 4 bedrooms to enjoy them. Furnished

with a granite kitchen, 2 living rooms, family room,

huge double garage, a private pool & oodles of

space: it´s an enviable residence.


Villa in Alamo Park

● Reference: GOLF00662



● Beds: 4

● Baths: 3

● Localty: Golf del Sur

If your dream is to lounge by the pool in your own

villa in the sun ? then this is probably it! Four

spacious bedrooms, sunken baths, high ceilings,

huge windows, fully loaded separate kitchen, large

lounge and a beautiful garden with a lovely pool.


So in summary, the market is full of opportunities. Those who are looking at the bottom of the market will need to be able to recognise a bargain

and react quickly as these gems disappear within a very short space of time. Those with budgets over 150,000 Euros can still find a range of

bargains to choose from, but as this becomes the focus area of market activity, these will soon start to disappear. The biggest discounts appear as

budgets increase, with substantial savings to be made in luxury homes. If you are thinking about buying a property in Tenerife, it is a good time to

do it now. Waiting until the market experiences its seasonal high in a few months will mean that there will be fewer bargains to choose from. Good

luck!

To celebrate the launch of our new website, we are excited to bring you a great new offer to get your Tenerife Mortgage paid for 2 years! If this

sounds like an incredible way to sidestep the recession, then click the link and read all about this unique new offer!

Read More: Get your Mortgage Paid for 2 Years!!

Although the main resort areas of the southern coast of Tenerife are experiencing a revival of

demand, the same cannot be said for residential property located further inland. These are the

primary homes of expats and locals who are resident, and are located in the many towns and

villages around the island.

The recession has had its effect on the local economy as fewer tourists spend less during their visit.

Perhaps the largest impact has been the reduction of the number of tourists from the UK, due in a

large part to the devaluation of the Pound.

The areas where residents live are experiencing a very low volume of sales at the moment, and will

not recover until the local economy does. When increasing numbers of tourists return to the island (and the figures look encouraging for the

summer), so the money they spend will filter down into the pockets of those who work for and run local businesses. It is only when confidence

returns to this sector that residential sales in these areas will start to pick up.

Many properties in these residential towns and villages have experienced reduction after reduction in order to tempt buyers

Linked House in Las Vistas - Residencial



● Type: House (Linked House)

● Beds: 3

● Baths: 2

● Localty: Aldea Blanca

While the rest of us roast, enjoy air conditioned

luxury in this unfurnished semi-detached villa, only

10 minutes from the airport & close to school &

village shops. 3 bedrooms but can be converted to

4 from the current study, light, bright & airy, with

a large terrace to enjoy the outdoors.


Townhouse in Los Menores



● Type: House (Townhouse)

● Beds: 3

● Baths: 2

● Localty: Los Menores

This spacious 3 bedroom townhouse is situated in

the quiet residential area of Los Menores.


Apartment in Jard•de San Miguel

● Reference: OG00020


● Type: Apartment

● Beds: 2

● Baths: 2

● Localty: Las Chafiras

Why pay tourist prices for a residential apartment?

This brand new ground floor 2 bedroom 2

bathroom apartment features all the mod cons

wrapped up in a traditional Canarian style.

Unfurnished, separate fitted kitchen, utility room &

spacious terrace outside.


This represents a great opportunity for the increasing numbers of people who are deciding to move to Tenerife at the moment. With a higher

proportion of distressed sales than the second home and tourist areas, many properties in these residential towns and villages have experienced

reduction after reduction in order to tempt buyers.

After the summer season, it is likely that demand will start to return, spurred on by increased liquidity in the local economy. Until then, buyers will

find themselves in an ideal market where they continue to call the shots.

Here's another fantastic offer from our new website! This discount card is accepted by shops, restaurants and all sorts of businesses all over the

island and you could could save hundreds of Euros when you visit the island.

Read More: FREE Privilege Discount Card

When times are tough, we still all need a holiday. It is a sign of the times that many people's holiday

budgets are more strained, but this is working to the benefit of property owners in Tenerife.

In contrast to most of the doom and gloom reports about the local economy over the last few months, April

saw some reassuring tourist figures. Tourism decreased by only 0.89% compared to the previous year,

well ahead of Spanish and Global tourist figures. However, the decrease in accommodation was by no

means uniform as greater numbers of tourists stayed in privately rented accommodation.

The worst affected were the hotels, who saw a 3.04% drop in visitors. This loss was made up by the

private rental sector which experienced a growth of 2.56% in tourist numbers. Although hotels are more optimistic for the summer months, the

mood amongst many private property owners who focus on the holiday market is buoyant with strong advance bookings.

Not only is demand for holiday rental greater, but the cheaper price of purchasing property means that owners who buy now will experience much

higher rates of return from the market. June and July appear to be busy months for property sales of this type as investors rush to complete and

gain a slice of the lucrative summer holiday bookings.

Not only is demand for holiday rental greater, but the cheaper price of purchasing propertymeans higher rates of return

Studio in Castle Harbour

● Reference: LC00380


● Type: Apartment (Studio)

● Baths: 1

● Localty: Los Cristianos

This very popular complex is excellent for

investors. With a heated swimming pool, pool bar,

lift & reception to welcome your holiday guests, &

all just a few minutes stroll from the centre of Los

Cristianos with its glorious beaches, it´s no wonder

why this is a fly to let favourite.


Apartment in Victoria Court 2

● Reference: LC00378


● Type: Apartment

● Beds: 1


Probably one of the most popular complexes of

holiday rentals, people just keep coming back to

stay .


Apartment in El Mirador

● Reference: PP00034


● Type: Apartment

● Beds: 1

● Baths: 1


An excellent holiday let apartment with a proven

rental income of 10,00 euros per year. The vendor

is happy to continue renting for the new owner.

The property has a large ground floor terrace and

also has views to the Los Cristianos harbour and

sea.


The Spanish property glut turns out to be half the size that many economists had previously estimated, according to the most comprehensive

survey yet undertaken.

Read more: The Shrinking Property Glut

I'm Matthew Vickers, the British Consul for the Canary Islands, and Bruce and Mary have kindly given me the

opportunity to use this newsletter to tell you a bit about the work that the team and I do on Tenerife.

Originally I'm from Liverpool and I've spent my career up to now in retailing and in sales and marketing, looking after

everything from meatballs to soft drinks to headache tablets. In January of this year, I moved to Tenerife from

Glasgow. As you can imagine, I've spent the first few months of my new job getting to know about the Consulate and

finding out where we're best placed to help British tourists and residents.

Read More: A Letter from Tenerife's New British Consul

Every month we draw names out of a hat and to get a meal for two at one of the island's nicer restaurants. All you have to do

is tell us dates that you are visiting Tenerife, so we know which month's hat to put you in.

This month is a special treat, with one of Tenerife's best: La Nonna restaurant, which

is on the prestigious El Duque promenade in Costa Adeje. Check out this review:

There's only one thing that I like more than discovering a top-notch restaurant in the

south and that's discovering a top-notch restaurant that doesn't take itself too

seriously. La Nonna is as fine a restaurant as you'll find anywhere in the south of

Tenerife, but it's also one of the friendliest.

The restaurant lies in the oft-overlooked top end of El Mirador shopping village on

what I like to call 'the Tenerife Riviera'. This stretch of coastline from the circular Plaza del Duque shopping centre to the El

Mirador Hotel houses a designer selection of shops, bars and eateries - all with more panache than you can shake a cocktail

stick at. Emblematic of the 'new Tenerife', La Nonna is a shining beacon for those looking for the class and style that is slowly

permeating the island... read more

If your name isn't drawn, then its certainly well worth a visit! Make sure you are included in the next draw, by simply adding

your name to the list on our website!

Rational FX, the currency transfer specialist, reports an upward trend in large transactions moving to Tenerife which may be directly attributed to an

increase in property purchases.

Read more: On the Money Markets

The Tribunal Supremo in Madrid has ruled on the controversial issue of non payment of rent and eviction. Up till now, non payment of rent did not

necessarily involve the eviction of the tenant, however the new ruling states that if the tenant is late with a second payment then this will constitute

eviction. There are a couple of conditions that must be met for this to happen:

Read more: Court Makes Eviction Easier

Here's the pick of the crop that have been newly added to our portfolio...

Apartment in Pebble Beach

● Reference: AMG00222


● Type: Apartment

● Beds: 1

● Baths: 1

● Localty: Amarilla Golf

Marina and golf course views, 2 sunny terraces this

one bed apartment has it all. Recently refurbished

so forget those trips to the D.I.Y shops this is

ready to occupy. Located in the popular area of

Amarilla Golf an ideal buy to let investment.


Penthouse in Ocean Golf and Country Club I



● Type: Apartment (Penthouse)

● Beds: 1

● Baths: 1


Look no further! This one is the Top for a 1 bed

apartment. Top floor, Top quality, Top views to

ocean and golf course and Top price. Beautifully

appointed and sold fully equipped.


Townhouse in San Isidro

● Reference: PP00060



● Beds: 3

● Baths: 1

● Localty: San Isidro

If you are looking for something away from those

tourist areas and want more local living this will be

on your list. Minutes from the thriving town centre

of San Isidro where you will find local shops, bars

and restaurants.


Garden Apartment in Pueblo Primavera



● Type: Apartment (Garden Apartment)

● Beds: 2

● Baths: 2


Very well maintained two bedroom two bathroom

(main ensuite) apartment in a prime location, with

a lovely garden and sunny terrace. Smartly

furnished and fully equipped. You need to do

nothing to this property other than put the key in

front door. See for yourself, book a viewing.


Townhouse in Las Lomas




● Beds: 4

● Baths: 3

● Localty: Chayofa

Beautifully presented corner town house in tranquil

village of Chayofa just ten minutes away from the

main tourist areas of Los Cristianos and Playa Las

Americas.


Linked House in Jard•de San Miguel

● Reference: OG00118


● Type: House (Linked House)

● Beds: 3

● Baths: 2

● Localty: Las Chafiras

.


See more property listings just on the market

The most interesting stories that have been in the newspapers this month...

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Tenerife Property Shop S.L. does not accept liability for any errors or omissions in the contents of this newsletter,

or for any damage caused as a result.

Tenerife Property Shop S.L. | C.C Puerto Colón (head office) | Las Americas | Adeje | Tenerife | 38660 | Spain

Copyright 2009 Tenerife Property Shop S.L.

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Tenerife Property Shop Newsletter...For years we have been known as the leading estate agent in Tenerife and we try hard to keep ahead by ensuring that our service is second to none