Investment in Tenerife Property is on the upturn

Spain’s tourist industry has received a welcome boost from holidaymakers, unnerved by the recent turmoil in the Eastern Mediterranean and Middle East and it is unlikely that these areas will recover in the immediate future. As a result, tourism to the Canaries has shown a marked improvement this year, with Tenerife showing a year on year first quarter increase in visitors of over 16%.
With the marked increase in tourism figures comes an increase in enquiries and in demand for properties from a market that would otherwise have been spending money in other areas which are now considered too unstable to be viable. This has resulted in investment in Spanish property rising in the year 2010 by 2.9% and for the year 2011 these figures are set to be surpassed and many estate agents are reporting an increase in purchasing activity.
Finding a service that will provide you with honest and reliable advice is not always easy, but Tenerife Property Investment is dedicated to offering guidance on the benefits and pitfalls of purchasing for investment in Tenerife. Offering over 30 years of property investment experience they are able to provide a comprehensive advice service which covers all aspects of property investment and their service is adaptable to all budgets and requirements with the aim of finding property that provides maximum returns for minimum outlay.
Tenerife has long been the most popular of the Canary Islands for British visitors but nowadays the spectrum of nationalities visiting ‘The Island of Eternal Spring’, is broader than ever. With millions of euros being spent on facilities including improved infrastructure, new beaches, and high-class shopping centres, Tenerife is now appealing to a far more sophisticated visitor. Combine this with the excellent choice of golf courses, and other sporting amenities and you have the perfect location to support investment growth potential.
Political stability combined with an equable year-round climate, makes Tenerife an ideal location for the buy-to-let market. In addition, lifestyle buyers who want to buy a second home in Spain or retire to the region, are selecting the Canary Islands as their destination of choice. A recent report by Spanish mortgage specialists has suggested that Tenerife is a destination that remains the number one location for investors to find value for money.
With the market about to leave the current period of negative growth, there has never been a better time to invest and enjoy the excellent appreciation and rental returns that Tenerife has to offer. It is not unreasonable to expect average annual capital growth of between 8% and 12% over the next ten years and with a 10% annual rental return comfortably achievable for quality property, you could have a very secure and attractive addition to your investment portfolio.

For further information please contact
www.tenerifepropertyinvestment.com
Or call 0207 183 6287