Marketing properties in Tenerife require the right level of exposure

December 5, 2009 – 12:49 pm

The number of holiday rental properties in Europe is increasing and the right level of exposure is essential, especially when the global economic downturn is taken into account. Property owners should make sure that they give a very detailed and interesting description of their holiday rental and surrounding area.

Market your property in Tenerife whilst long winter nights in the UK cause people to think of holidays and warmer climes

Market your property in Tenerife whilst long winter nights in the UK cause people to think of holidays and warmer climes

Owners of overseas self-catering holiday homes are reminded that the long dark evenings of winter are just the time when people think about next year’s vacation and therefore property owners should think about marketing the properties via estate agents in Tenerife.

In related news, Britons who let out holiday homes in the UK will need to maximise on lettings in 2010 as they are likely to lose their furnished holiday lettings tax relief in April of next year.New legislation, details of which are expected in this month’s pre-Budget report, are expected to outline changes to the tax rules for furnished properties available to let for at least 140 days a year and actually let for 70 days year.

The new measures could affect around 60,000 individual second-home owners, who form the core of the UK’s holiday lets market, and can currently offset the cost of furniture and fittings against tax.

By Angela | Posted in Economy, General, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Uncategorized, Weather | Tagged , , , , , , , , , , , , , | Comments (0)

Tenerife to cash in on latest survey?

October 12, 2009 – 4:26 pm

Tenerife could cash in on the latest gloomy British survey

Tenerife could cash in on the latest gloomy British survey

Britain is the worst place to live in Europe, according to a study.

Although Britons earn high incomes that money is cancelled out by long working hours, poor annual leave, rising food and fuel bills and a lack of sunshine. Britons have  the highest after-tax household income of £35,730-a-year, more than £10,000 above the European average.

But most of it goes on keeping a “roof over our heads, food on the table and our homes warm”, according to the uswitch.com European Quality of Life Index.

Ann Robinson of uSwitch.com, said: “There is more to good living than money - and this report shows why so many Brits are giving up on the UK and heading to France and Spain.”  Perhaps now is the time to think of renting out your Tenerife property or even selling via an estate agent as winter approaches in the UK and thoughts turn to sunshine!

By Angela | Posted in Economy, General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Uncategorized, Weather | Tagged , , , , , , , , , , , , , , , , , , | Comments (0)

Long and Short Term Rental investors gain in Tenerife

March 15, 2009 – 11:55 am

Rental Invetsors gain in Tenerife

Rental Investors gain in Tenerife

A change in holiday habits and trends has helped make Tenerife rentals a great investment choice.  Tenerife, in the Canary Islands is the most popular winter getaway destination from the UK, beating the likes of Barbados, Egypt, Dubai and Goa. Rental investors have noticed that the growing popularity of the private holiday rental has had a major, positive effect on the profitability of property investments on Tenerife and the Canary Islands.

The demand for package holidays has receeded and is being  replaced by the growth of the independent traveller.  Technology, the internet in particular, has been a major influence on our ability to be different.

The real winners in this attempt to be seen as different, are the owners of investment property.   The majority of owners are very optimistic about their projected earnings over the coming year, expecting an increase on the previous one.

This change in holiday habits is already having an effect on the property market in Tenerife.  As demand rises for privately rented holiday accommodation, so supply follows closely on its heels.  Increasing numbers of buyers are now listing rental income as an important factor in their purchase.  The BBC recently showed a documentary on the subject and papers are running articles on Tenerife rentals.

Of course, not every property is suitable for such an investment.  Tenerife investors need to take care in selecting the right property for the best returns, and the minimum problems.  There are many factors to be taken into account, from the type of holidaymaker or long term rental you might expect in the area you are considering, to the rules of the specific community of owners.  With experience of the market, a well established and reputable estate agent will be able to advise and assist you.  Needless to say, choosing which agent you use is of paramount importance to the success of your investment, so look for one which is long established with a good track record (recommendations are always a positive sign).  Correct business advice should lead to  lucrative business in Tenerife.

By Angela | Posted in Economy, General, Holiday, Miscellaneous Articles, Property, Tenerife | Tagged , , , , , , , , , , , , , | Comments (0)

Brits still looking to purchase overseas

February 28, 2009 – 12:46 pm

Tenerife - An obvious choice for property investment.

15% of those surveyed stated that they were looking to purchase a property overseas in 2009 and of those most were looking to live overseas as well.

Tenerife is a great choice and popular with those wishing to make such purchases for investment as well as to live long term due to its climate and long periods of winter sunshine and proximity to the UK.

By Angela | Posted in Economy, General, Property, Tenerife | Tagged , , , , , , | Comments (0)