Tenerife Real Estate Property search (in all regions)

  • Reference Num.

Tenerife Real Estate Offers by region (Just click on the Region name to list the properties)

5. Buenavista (1) »

8. El Sauzal (8) »

9. El Tanque (3) »

11. Garachico (3) »

15. Icod de los Vinos (5) »

16. La Guancha (2) »

17. La Laguna (1) »

19. La Orotava (5) »

21. Los Realejos (10) »

22. Los Silos (1) »

23. Puerto de la Cruz (21) »

27. Santa Ursula (6) »

29. Tacoronte (3) »

Things to know when purchasing/selling of real estates on Tenerife

In General

  • The property must be free of charges, encumbrances, tenants or rights of third persons. this may be proved be a recent extract from the Land Registry (not older than 10 days), which at the same time blocks the Land Registry for this period of time (as substitution for a convey note).

  • The property must be up to date with: payment for electricity, water, telephone, rubbish collection essential: community payments and urbanisation costs (comunidad) and rates for the Town Hall (Contribución Urbana or IBI) and a  registered energy certificate

  • This has to be proved by the seller before signature of Notary Title Deed, with the corresponding receipts, as well as the last tax declaration.

  • Upon purchase of real estate from a Spanish citizen, a firm registered in Spain or a foreigner resident in Spain, a certificate of capital transfer of the purchase price will have to be given.

  • If the seller is a non-resident foreigner (not registered in Tenerife with his first domicile), this certificate is not necessary. Anyhow you will have to pay attention to the fact that *3 % of the official purchase price will have to be retained for possible benefit taxes from the sale, if the property has not been bought by its actual owner before 01/01/1987.

  • The purchaser and the seller need a tax identification number for non-residents, this is a N.I.E. number, .

Costs of sale:

  • 3 % retención (non-resident tax)

  • plusvalía (urban value gain tax, will be charged on the soil of the property and depends on the period of time the seller owned this property
    - commission charge
    - gain tax (for this please contact a tax consultant)

Costs of purchase:

  • Land transfer tax 6,5 % of the official purchase price

  • Notary and Land Registry approx. 2 % of the official purchase price

  • costs for change of name in contracts, such as water, electricity, rubbish collection, telephone and taxes

Do you have more questions ? Write to us !

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