-
All
-
Rustic house
-
Country manor
-
Village house
-
Agricultural house
-
Village house
-
Farmhouse
-
Ranch
-
Stone house
-
Farmhouse
-
Cabin
-
Tower
-
Stable
-
Cellar
-
House with land
-
Rustic property
-
Country House
-
Cave house
-
Wooden House
-
-
House/Chalet
-
Single family house
-
Unique property
-
Semi-detached house
-
Villa
-
Solar house
-
Luxury Villa
-
Bungalow Ground Floor
-
Terraced house
-
Bungalow
-
Urban property
-
House
-
Duplex House
-
-
Building
-
Hostel
-
Building
-
Hostel
-
Hotel
-
-
Garage
-
Garage
-
Parking
-
-
Premises or Warehouse
-
Industrial Unit
-
Business
-
Pub
-
Restaurant
-
Pub
-
Fuel station
-
Logistic storage
-
Business Premise
-
Warehouse
-
-
Office
-
Office
-
Office
-
-
Other
-
Room
-
Camping
-
Storage room
-
-
Apartment
-
Semi Attic
-
Mezzanine
-
Basement
-
Apartment
-
Mezzanine
-
Penthouse
-
Housing over shop
-
Duplex
-
Studio
-
Loft
-
Flat
-
Ground floor apartment
-
Triplex
-
Duplex Penthouse
-
Attic
-
-
Land
-
Greenhouse
-
Orchard
-
Urbanizable land
-
Rustic Land
-
Farm
-
Mountain
-
Building Site
-
Industrial Land
-
Recreational property
-
Rural Land
-
Urban Plot of land
-
Plot of land
-
News
Buying a House in Tenerife for Foreigners: A Complete Guide for European Citizens
“
05
MAY
Buying a House in Tenerife for Foreigners: A Complete Guide for European Citizens
Welcome to the TEIDE Real Estate Services blog, where today we will discuss the process of buying a house in Tenerife for foreigners, especially European citizens. Tenerife is an attractive destination for those seeking a peaceful and sunny life, and in this article, we will guide you step by step through the process of acquiring your home on this beautiful island.
1. Preliminary research and personalized advice
Before starting your search for a house in Tenerife, it is essential to research the island, its areas, and the local real estate market. At TEIDE Real Estate Services, we offer face-to-face or video call meetings to assess your needs and create a comprehensive project for your new life or investment. Even if you are not yet on the island and plan to come, we can conduct video calls to analyse what you are looking for and present you with property options that fit your search profile. This way, when you arrive on the island, we will already have a schedule with all the visits planned, making your trip productive and allowing you to enjoy the island.
2. Work hand in hand with a real estate advisor
Working hand in hand with a trusted real estate advisor, like TEIDE Real Estate Services, is crucial to facilitate the buying process. Our advisors will help you find the right property, negotiate the price, and navigate local bureaucracy.
3. Obtain an NIE (Foreigner Identification Number)
The NIE is an identification number required to carry out any real estate transaction in Spain. You can apply for it at the Spanish embassy or consulate in your home country or at a police station in Spain. At TEIDE Real Estate Services, we can help you with this process.
4. Open a bank account in Spain
To buy a house in Tenerife, you will need to open a bank account in Spain. This will allow you to transfer funds and pay taxes and expenses related to the property purchase. We have partnerships with various banks and can help you with this process.
5. Signing the purchase contract
Once you have found your dream house and agreed on the price, you will sign a purchase contract with the seller. This contract sets out the terms and conditions of the sale, including the price, completion date, and any special conditions. At TEIDE Real Estate Services, we have lawyers who draft our contracts, ensuring everything is in order and protecting your interests.
6. Payment of taxes and expenses
When buying a house in Tenerife, you will need to pay the Property Transfer Tax (ITP) for a second-hand property or the IGIC (General Tax of the Canary Islands) for a new property. Additionally, you will need to cover notary, property registration, and management fees. At TEIDE Real Estate Services, we can represent you for tax payments and help you submit and pay them.
7. Registration in the Property Registry
Finally, once the purchase is completed, we will take care of registering the property in your name in the Property Registry.
At TEIDE Real Estate Services, we are committed to helping you find the perfect house in Tenerife and facilitating the entire buying process. Do not hesitate to contact us for more information and to start your search for your dream home on this paradisiacal island.
1. Preliminary research and personalized advice
Before starting your search for a house in Tenerife, it is essential to research the island, its areas, and the local real estate market. At TEIDE Real Estate Services, we offer face-to-face or video call meetings to assess your needs and create a comprehensive project for your new life or investment. Even if you are not yet on the island and plan to come, we can conduct video calls to analyse what you are looking for and present you with property options that fit your search profile. This way, when you arrive on the island, we will already have a schedule with all the visits planned, making your trip productive and allowing you to enjoy the island.
2. Work hand in hand with a real estate advisor
Working hand in hand with a trusted real estate advisor, like TEIDE Real Estate Services, is crucial to facilitate the buying process. Our advisors will help you find the right property, negotiate the price, and navigate local bureaucracy.
3. Obtain an NIE (Foreigner Identification Number)
The NIE is an identification number required to carry out any real estate transaction in Spain. You can apply for it at the Spanish embassy or consulate in your home country or at a police station in Spain. At TEIDE Real Estate Services, we can help you with this process.
4. Open a bank account in Spain
To buy a house in Tenerife, you will need to open a bank account in Spain. This will allow you to transfer funds and pay taxes and expenses related to the property purchase. We have partnerships with various banks and can help you with this process.
5. Signing the purchase contract
Once you have found your dream house and agreed on the price, you will sign a purchase contract with the seller. This contract sets out the terms and conditions of the sale, including the price, completion date, and any special conditions. At TEIDE Real Estate Services, we have lawyers who draft our contracts, ensuring everything is in order and protecting your interests.
6. Payment of taxes and expenses
When buying a house in Tenerife, you will need to pay the Property Transfer Tax (ITP) for a second-hand property or the IGIC (General Tax of the Canary Islands) for a new property. Additionally, you will need to cover notary, property registration, and management fees. At TEIDE Real Estate Services, we can represent you for tax payments and help you submit and pay them.
7. Registration in the Property Registry
Finally, once the purchase is completed, we will take care of registering the property in your name in the Property Registry.
At TEIDE Real Estate Services, we are committed to helping you find the perfect house in Tenerife and facilitating the entire buying process. Do not hesitate to contact us for more information and to start your search for your dream home on this paradisiacal island.
Designed by CRM Inmovilla