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WHY TENERIFE PROPERTY? . Tenerife Property Prices Thursday, August 21, 2008



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Tenerife Property Prices


Property prices have been increasing in Spain in last decade. Tenerife has suffered as well the same tendency of high rises of prices, though not as high as other regions like Baleares, Madrid or Catalua. In the following graphic you can check the increments of prices at Canarias archipelago in the last 10 years.
Canarias Property Prices- EVOLUTION
Concerning property consultings, the prices in Canarias will continue increasing but not as the same level as the last 5 years. Square Metro price in Canarias does not get even the average of Spain, that means there are still space for new property investments in Canarias
As Region and National Authorities are being more concerned about deeper regulation at the property market. This legal control requires more quality and safer areas on the property constructions. Investors are not to be afraid about illegal conflicts after purchasing new properties.
Plot and land property is becoming the most valuable part on the construction of new property. By having Canarias, and particulary Tenerife, large areas declarated as protected land, less is getting available, and in consequence prices are growing at this point.
In consecuence, Tenerife is still considered a high major destination where to invest in, as the profit is guaranteed by having a continous price increment. Safety at the property market is getting as well more confirmed. These circumstances convert Tenerife in a dreaming place for property, either to invest either to live.