Tenerife is one of the largest Canary Islands. The population is about a million people. The basis of the island’s economy is tourism with its accompanying resort infrastructure: hotels, bars, restaurants, entertainment venues, beach attractions. Apartments for sale in Tenerife attract tourists who want to enjoy the largest island of the Canary archipelago.
It is worth buying real estate here?
Buy apartment in Spain is a good solution. This country and its island are very popular among tourists from around the world, as well as far-sighted investors who know that investing in an apartment in the Canary Islands is a smart choice. Here are the reasons:
- excellent infrastructure;
- great local climate;
- high tourist demand;
- affordable mortgages;
- excellently developed resorts;
- favorable cost of facilities in the market;
- moderate maintenance costs for new real estate;
- year-round opportunity to earn money by leasing housing;
It is also worth noting the rich choice of cheap offers on the market and a high return on investment.
The variety of resorts
The main advantage of buying property in this amazing place are apartments with sea views. And there can be both 1 bedroom and 2 bedrooms with 2 bed. Tenerife south is considered a paradise for beach lovers, its northern part is ideal for those who enjoy a quiet cultural holiday
Resort Playa De Americas is known for its fabulous infrastructure, sandy beaches, water activities, exciting clubs, discos. A lot of young people live and rest on las Americas.
Costa Adeje is an ideal place for holidays with children. The quiet and calm waters of the bay, the lack of noisy nightlife, the availability of water parks and interesting hiking trails – all this can be found in Adeje.
Los Cristianos is a highly sought-after resort with a quietness and tranquility that is not typical for the south. Here you can walk through the city streets, drink wine in comfortable restaurants, visit the reserve. Santa Cruz has something for everyone – young people, families with kids, senior travelers.
How much is an apartment in Tenerife?
The cost of housing on the island is more loyal than on the Spanish mainland. Therefore, it is more profitable to buy it in Tenerife.
What kind of real estate is better to invest in?
In terms of investment, the options located in the north-western part of the island are the most popular.