Buying homes in Tenerife is back in vogue
After years of absence, Northern European buyers are back buying homes in The Canaries, if data from local real estate companies is to be believed. British, German, and Scandinavian buyers made up 20pc of the market in the last year and a half, according to reports in the Spanish press (Provincias).
Resurging demand is being driven by stronger economies in the North coupled with lower property prices in The Canaries. Beach-front properties between 110,000 and 120,000 Euros are most in demand, particularly in Tenerife’s prime property areas, such as Adeje and Fanabe.
