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Canary Island property magazine
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Issue 81
Property news
10 currency exchange commandments
Bolstering Rentals
Understanding the Spanish property market
freedom4sale.com
The largest single collection of Canary Island property
A COPY
Ref 880.
Excellent price for a great villa near the golf course in Costa Teguise. 260 sqm build on a 1,100 sqm plot.
5 bedrooms, 5 bathrooms, big terrace and a covered pool.
425,000 
Ref: 1292.
Lovely apartment. 1st / top floor near the stunning Famara beach. 87.30 sqm build, 2 bedrooms, 1 bathroom and terrace
139,000 
www.location-lanzarote.com
CONTENT
Welcome to Issue 81
Property News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Although not immune to the crash, property prices in the
Canaries fell by less of a margin than those across mainland Spain: -24.5% compared with average falls of 37.2% on
mainland Spain. Remaining a ‘hotspot’ for overseas investors, property prices on the Canary Islands have registered
an increase of around 3% in the first quarter of 2013, even
as prices continued to fall in the peninsula. These gradual
but indisputable signs of recovery are certainly encouraging,
making property on the Canary Islands a potentially excellent
investment opportunity.
This issues Canary Island property news round up
This issue of Freedom4Sale magazine is packed full of useful
advice if you’re thinking of buying a property in the Canaries.
There’s a detailed guide of the merits of using a good agent
in your search, an explanation of new rental laws in Spain,
an introduction to making an overseas currency transaction
as well as the pitfalls to avoid if you are needing an energy
certificate.
Drawing up a property brief. . . . . . . . . . . . . . . . . . 16
We find out what sort of properties you could expect to find
across the Islands from 30,000 euros to over a million euros.
Properties to suit all tastes and budgets. From seafront to
golf course and from main tourist areas full of nightlife to the
tranquility of a rustic stone house in the lava fields.
We give some top tips on what to do to add value to your
home and the process involved regarding property inheritance in Spain
Then there’s all the usuals - news stories, the most established estate agents contact details and a selection of hot
properties from their portfolios across Tenerife, Lanzarote
and Fuerteventura
Enjoy this season’s issue.
Happy Hunting
The Freedom 4 Sale team
Lanzarote section. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Property price guide displayed in price order.
Estate agents and properties in all areas of Lanzarote.
The 10 currency commandments . . . . . . . . . . . . . 10
Tips to add value to a property . . . . . . . . . . . . . . . 19
Tenerife section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Estate agents and properties in all areas of Tenerife.
Enerty certificate scam . . . . . . . . . . . . . . . . . . . . . . 22
Underdstanding Spanish property market. . . . . 24
Fuerteventura section. . . . . . . . . . . . . . . . . . . . . . . . 10
Property price guide displayed in price order.
Estate agents and properties in all areas of Fuerteventura.
Inheritance. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
Bolstering rentals . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
The
Team
Paul Sully. Co-director. Editor.
Design.
Lynne Robinson
Co-director. Sales manager
Stephanie Buchanan
Design
Tomas Martinez- Oliva
Design
Hilary Klart
Accounts
After graduating from the
London College of Printing Paul
went into the printing industry.
Achieved a Bachelor of Science
Honours Degree from Plymouth
University in Psychology. Arriving
in Lanzarote Paul sought a new
challenge in founding the Canary
Islands first specialist property
magazine.
Born in Surrey, Lynne attended
Kingston University in Surrey
& went on to work in advertising sales for UK Press Gazette,
Express Newspapers & Elle
magazine. After living in Alicante
for a number of years, she eventually came to Lanzarote in 2000.
Was invited to Freedom4Sale by
director Paul Sully.
Stephanie studied textile design at
the University of Wolverhampton,
then ‘fell’ into graphics after marrying a graphic designer! She
came to Lanzarote in 1998 and
together with her husband, runs a
successful graphics and signwriting business. Stephanie works as
a freelance designer for Freedom
Media.
Tomas was born in mainland
Spain and has lived in Lanzarote
for the last 10 years. He is the
youngest addition to the F4S
team, with an English mother &
Spanish father, being bi lingual
he is a bright & entusiastic asset.
After completing his Bachillerato,
Tomas went on to study Graphic
design and has spent the last
year travelling around the U.S.
Hilary although born in
Buckinghamshire in England, has
lived most of her life in Australia.
Before arriving in Lanzarote where
she married a local politician, she
worked at KPMG in Sidney. Hilary
is now in charge of accounts at
Freedom Media
Design/Production: Paul Sully - 00 34 928 177 538 e-mail: [email protected]
Published by Freedom Media sl
Sales: Lynne Robinson - 00 34 928 177 538 or 617 225 369 e-mail: [email protected]
Tel/fax: 0034 928 177 538 / UK: 0203 1500 538 / worldwide: 0844 5718 633
We can take no responsibilty for any damage or loss which may be caused as a result of material published herewith.
www.freedom4sale.com - Over 10,000 properties across the Canary Islands
Freedom for Sale 3
[PROPERTY NEWS]
Pound hits best exchange rates in eight months
The Pound has made more strong gains
over the past week reaching an eight
month high on several other currencies.
Data from the UK has continued to confirm
that the economy is getting stronger and
in response, speculation that interest rates
will rise much sooner than the Bank of England suggest has also increased. This has
caused the Pound to surge upwards which
is fantastic news for any of you needing to
transfer Sterling into another currency for
your property investments.
also recently indicated that interest rates in
Those of you purchasing property in Europe will be interested to know that the
Pound has pushed up to a mid-market
rate of 1.194 against the Euro. This is in
response to weak data from Europe last
week such as poor figures in industrial
production. The European Central Bank
now believe will happen as early as 2014.
Europe will stay low for a long time which
makes the Euro less attractive to investors.
By contrast, data from the UK showed the
economy was strengthening. This included
growing output from the construction sector and another drop in unemployment.
The UK unemployment figures are crucial
given the fact that the Bank of England
have indicated interest rates will rise once
unemployment falls to 7% which many
Comments from policy members last week
did nothing to quell this anticipation so the
Pound became an attractive bet for investors who pushed more funds into Sterling
causing it to rise.
France and Spain top UK
homebuyers’ list
Spanish Central
Bank Sees End Of
Recession
SPAIN is considering moving into another
time-zone – that of the UK, Canary Islands
and Portugal – and adopting a more European system of working hours in a radical
shake-up of the country’s traditional way of
life.
France and Spain remain the top choice of
UK investors despite falling property prices, says a leading overseas mortgage provider who had a 62% increase in mortgage
inquiries in August, making it the busiest
month of the year so far.
France is top choice for prospective buyers
so far during 2013 with 43% of enquiries,
down 2% on July, followed by Spain with
36%, up 3% on the previous month and
Turkey on 10%, Portugal on 8% and Italy
on 5%.
A number of factors are involved in rising
Spanish numbers. “Tourism is booming,
access is easy and the culture is familiar,
but it’s also becoming more affordable –
mortgage rates are very low, the pound is
getting stronger and prices are at rock bottom. People who have been putting their
Freedom for Sale 4
plans to buy on hold for the last year or
so are taking advantage of the favourable
conditions open to them, and deciding to
go for it in case they miss out on the best
deals.
Efforts being made by regional estate
agents and tourism boards to improve
Spain’s tarnished image are leading to high
hopes that increased foreign investment
will eventually help to revive the country’s
property market. For many people buying
property in Spain, it’s a lifestyle choice, and
they’re attracted by the climate, amenities
and culture, rather than earning a prospective fortune on their home.
Buyers are planning to invest over the long
term, which is a very sensible attitude.
Experts claim residents in Spain are living
in ‘a permanent state of jet lag’ because
of their clocks being an hour ahead of the
time which would normally correspond
with the country’s latitude – and they say
the long lunch hour and late evening finish is responsible for low productivity and
poor family life.
Back in 1942, the dictator General Franco,
moved the clocks forward to coincide with
Central European Time (CET, or CEST in
summer) so that Spain and Germany were
on the same time-lag.
This means that whilst the sun is in its most
central position at noon, in Spain it is so at
13.00hrs, or 14.00hrs in summer when the
clocks are moved forward.
It also means instead of eating lunch and
dinner at 13.00hrs and 20.00hrs, as the
rest of Europe and most of the world appear to do, Spaniards start lunch between
14.00hrs and 15.00hrs, and start eating dinner at either 21.00hrs or 22.00hrs
www.freedom4sale.com
[PROPERTY NEWS]
Spanish Tourist Sector - Historic Year
Spain passes
“golden visa’”
legislation
One area of the flagging Spanish economy
that continues to motor along is tourism,
with the country attracting both record
overseas visitors in August as well as
overnight stays in hotels. Record numbers
of overseas visitors flocked to Spain in
August, while average spending also increased.
Spanish Congress has passed its so-called
“Golden visa” legislation to allow non-EU
nationals to get qualified Spanish residency and Schengen-area access.
As a tourist destination, Spain has benefitted from wariness about rival markets such
Spanish Central
Bank Sees End Of
Recession
as Turkey, where political tensions prevail,
and Egypt, which is experiencing a spiral
of street violence.
In the first eight months of the year, 42.3
million foreigners visited Spain, an increase of 4.5 percent over the same period
a year earlier. The biggest rise was posted
by Russian visitors, whose numbers in the
January-August period rose by 30.1 percent.
Electricity Rise
Again In October
The law which was approved by the Senate last week has now passed through
Spanish Congress and is set to become
law as soon as it is published it the official
gazette (BOE) in the next few days.
Non-EU nationals will need to purchase a
property worth 500,000 or more to gain
residency which will also be extended to
their spouse and children. The threshold
is significantly higher than an initial proposal in 2012 which put the figures at just
160,000.
The new law is good news for agents
and developers looking to find buyers in
China and Russia, which are the two biggest non-European markets for property
in Spain.
Spain’s residency visa law put the country
on par with Portugal but behind Cyprus
(300,000) and Greece (250,000).
Spain’s job-crushing, two-year recession
appears to be drawing to a close, the country’s central bank said in September, predicting an end to the downturn in the third
quarter of 2013.
The country’s rapid economic descent,
which sent the jobless rate soaring to 26.26
%, has been easing up since the start of the
year, the Bank of Spain said in a monthly
report.
“Available data, still partial and incomplete, would be coherent with a stabilisation or even a slight increase in output in
the July-September period,” it said.
The report was the latest sign of greater official optimism about Spain’s economy, the
fourth-largest in the euro zone.
Further information call 0034 928 177 538
Households are in for another shock as
of this month following confirmation that
electricity bills are to rise by another 3.1%
for the last quarter of the year.
Apps 4 Property
professionals
The increase is the fourth this year, although bills did fall by 6% during the summer. By the end of 2013, households will
be paying 4% more for their electricity than
back in January. The government says the
latest increase is a natural consquence of
the move towards market self-regulation,
with prices reflecting the costs of creating
and distributing energy. “If we intervened
to peg prices, it would simply be creating
a short-term solution when the situation
of the deficit faced by energy companies
needs to be resolved in the longer term”
said industry minister José Manuel Soria
last month
For all you agents faced with a property
viewing or transaction with a foreign client
where you do not speak the language then
Jibbigo is the new app for you. The telephone app that not only recognises your
speech but ( more or less) translates it into
25 languages. With both Google translate
for mobiles and the Samsung S4’s inbuilt
translator both offering offline versions
now, can we all stop learning languages?
Freedom for Sale 5
[ LANZAROTE SECTION]
Costa Teguise
Puerto del Carmen
Costa Teguise
1
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39
Choice of 2 ground floor apartments on the
Golden complex. These have been converted
from a Local into two lovely properties offering a
larger than average one bedroom
1 bedroom (ground floor) apartment in Los
Pocillos, Puerto del Carmen. This apartment is
located on a small complex with a communal
pool.
This superb villa is in an exclusive area of Costa
Teguise, but within easy distance of the resort.
The villa has been craftsman finished with South
American hardwood furniture and floors.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
198668
Grupo Estupendo
49,000
Playa Blanca
236674
Lanzarote Investments
59,000
Playa Blanca
158001
Grupo Estupendo
65,000
Puerto del Carmen
2
2
1
1
2
1
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65
41
120
This apartment for sale in Playa Blanca, consists
of 2 bedrooms, 1 bathroom and lounge-diningkitchen area with a small storage area
Bank Repossession
For sale in Playa Blanca: 2 Bedroom 2 bathroom
duplex with parking.
This property need a full renovation.
First floor apartment, that is doing very well
on the holiday-rental market, located close to
the beach. It has recently been refurbished and
painted and it is tastefully decorated
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
236481
65,600
236704
76,000
w w w. g r u p o e s t u p e n d o . c o m
Matagorda:
2 bed, 1 bath fully refurbished beautiful ground floor 2 bed
apartment on the quiet complex of Club Valena.
The apartment has a large living/kitchen area with Sky
TV, master bedroom with fitted wardrobes & single beds,
2nd bedroom with bunk beds, fully tiled modern bathroom
with bath and shower over. Outside, terrace area for al
fresco dining. Beautiful communal pool and pool bar.
Price 119,000
Puerto del Carmen:
2 bed, 1 bath fantastic top floor apartment located on the
frontline San Antonio complex. The apartment is in excellent
condition throughout and consists of two double bedrooms
with fitted wardrobes, bathroom with walk-in shower and
open plan lounge and dining area with a fully equipped
kitchen separated by a breakfast bar.
Price 190,000 euros
Puerto del Carmen:
3 bed, 2 bath villa with large living area which leads into a
dining area and in turn leads into a very modern kitchen.
There are three good sized bedrooms with the master being
en-suite and also a seperate family bathroom. The property
has outside areas for relaxing and also private parking. The
property is in a much sought after road with mountain views
from the back and is very private.
Price 475,000 euros
Puerto del Carmen:
3 bedroom duplex in Puerto del Carmen. There is a
spacious lounge area with patio doors leading to the
terrace and a fully fitted kitchen. There is a small utility
room for drying clothes and a bathroom downstairs also.
Upstairs there are 2 bedrooms and a family bathroom,
the master bedroom is fitted with wardrobes and has a
balcony too. Communal pool and underground parking
are available as well. Price 159,000 euros
Puerto del Carmen Office
C.C. Los Pocillos, No.23, Avenida de Las Playas 77, Puerto del Carmen,
35510, Tias, Lanzarote.
Phone: Tel 0034 928 512 394
Martin: 0034 626 268 211 [email protected]
Corina: 0034 618 706 995 [email protected]
Freedom for Sale 6
197301
Cactus Consulting
84,950
Live your dream
in the Canary Islands
• Property magazine
• Web site - freedom4sale.com
• Free advice
We have over 12 years first hand experience in the Canary
Island property market. There is no better single source for
Canary Island property and related information.
www.freedom4sale.com/lanzarote
[
Tel
+34 928 519252
Mobile +34 636 365915
Website - www.cactusconsulting.com.
APARTMENTS
ed
Email
[email protected]
LANZAROTE
SECTION
[email protected]
E-mail: [email protected]
ed
Reduc
ed
Reduc
Reduc
Ref 1950– Puerto del Carmen.
Ref 1880– Puerto del Carmen.
Reduced from 75.000 to 69.950
A fantastically priced and recently furbished
apartment in a quiet complex with a communal
pool. The complex is close to all amenities. This is
ideal for a first time buyer, a young professional or
as a holiday home.
One bedroom apartment with a bathroom on
a small, private and secure complex with pool,
kitchen-lounge and a terrace. There is a washing
machine and it is partly furnished. Recently
refurbished to a high standard throughout. Within
walking distance to Biosfera and beaches and
easy parking.
BUNGALOWS, PLOTS
Ref 2029- Costa Teguise.
This one bedroom apartment is situated on the
1st floor of block, south facing enjoying views and
afternoon sun. The complex is very well looked
after and has a fantastic pool and children’s play
area. Nearest beach is only 100m away.
Price 81.000
tential
ent po
ed
Reduc
Excell
Ref. 1557- Guatiza.
Plot of 4.938m2 of which 1.398m2 are buildable
and the rest is rustic land. The plot is flat, the road
is paved, it has water and electricity near and the
plot is very near Jardin del Cactus. It is possible
to build up to 350 m2.
Reduced from 126.000 to 105.000
]
Ref 1167- La Santa.
Extremely well finished property on two floors located
close to the centre of La Santa. The property has 3
floors with 2 bedrooms, 2 bathrooms a roof terrace
and the whole of the ground floor is currently used as
a garage with space for three cars.
Reduced from 189.000 to 110.000
Apartment of 70m2 with 2 bedrooms, one of
them with dressing room, large bathroom,
kitchen, utility room and lounge. Excellent
conditions of the property and communal areas.
ed
Reduc
Ref 2060- Puerto del Carmen.
One bedroom high standard, spacious bungalow
with a newly refurbished bathroom, on an extremely
well maintained complex with 2 heated pools, right
on the front in Puerto del Carmen. Ideally situated
but on a nice quiet complex. Priced to sell.
Priced to sell 139.950
A very large, spacious duplex located in a quiet
corner of a complex. A perfect 4 bed family
home that could easily be divided into two 2 bed.
apartments each with separate entrances.
Reduced from 220.000 to 155.000
VILLAS
ice
ent pr
Excell
ee
Must s
Ref 2034- Playa Blanca.
Ref 1903- Tias.
Ref 2026- Playa Blanca.
Price 158.000
Price 240.000
Price 350.000
Reduced from 235.000 to 205.000
Fantastic detached house of 120m2 on a plot of 350m2,
consisting of living room, dining room, kitchen, 3
bedrooms, 2 bathrooms (one en suite), storage room,
small office, large terrace with BBQ and roof terrace
with nice views to Fuerteventura, spacious and beautiful
private garden. Communal pools.
Spectacular detached house right in the heart of Puerto
del Carmen, just a few meters from the beach and
with wonderful views. Property with 3 bedrooms, 2
bathrooms (one en suite) and a toilet, kitchen, living
room and covered terrace (lounge). Fully furnished.
INVESTMENT PROPERTY
A fantastic opportunity to purchase a detached villa in
tranquil location, which provides privacy and quality of
construction. This property has many features and it
has been very well looked after. You have panoramic
sea and mountain views from the garden area and the
pool is very private.
A beautifully maintained and very well looked after
property in a quiet area of Playa Blanca. This property
boasts 3 very good size bedrooms with the master
having an en-suite and all have built-in wardrobes.
The garden and pool areas are very well manicured
and the pool is a very good size.
PROPERTY OF THE MONTH
ed
ed
Reduc
Reduc
Spacious apartment on extremely well run complex in an enviable location overlooking the Old Town harbour.
The large lounge features an interior garden and picture window to make the most of the sea views. The double
bedroom has built in wardrobes. The terrace area has both sun and shade - perfect for sunbathing and dining al
fresco. The complex offers reception services, cleaning services, communal pool, pool bar and mature gardens.
The property is sold with granted rental income of 400/month for 24 months.
Reduced from 126.000 to 115.000
Ref 2059- Güime.
Villa with fantastic views, on a 3000m2 plot and it has 500m2 built. Currently it has 5 bedrooms and 7
bathrooms (one by the pool), 2 of the bedrooms and 2 of the bathrooms are on the lower floor with its own
kitchen and lounge. There is a massive garage with space for 4 cars that could easily be converted into more
bedrooms/bathrooms. The property has a lot of potential.
Reduced from 595.000 to 495.000
For more information on any property please visit our website www.cactusconsulting.com
Our EXPERTISE is YOUR GUARANTEE
Freedom for Sale 7
Playa Blanca
Playa Blanca
Costa Teguise
2
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48
83
Very central, ground floor 2 bed apartment
situated in Playa Blanca. Found in excellent
condition and of a good size with a decent size
terrace
2 bed duplex property, situated in the resort
of Playa Blanca. Handy position close to the
amenities the coast and seafront promenade.
Nearest beaches just a short 10 minute walk away
This furnished one bedroom, one bathroom
apartment on Playa Bastian is in excellent
condition and the bathroom has been renovated.
Communal pool
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
144857
Playa Blanca Properties
85,000
Playa Blanca
231847
90,000
Matagorda
235682
Location Lanzarote
95,000
Playa Blanca
2
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65
51
66
2 bed apartments in a popular complex. All
the apartments are sold with air conditioning,
furnished kitchen and allocated parking space.
Situated in a tranquil cul-de-sac, the apartment is
just 5 minutes from the beaches, shops, bars and
restaurants and 3 km from Puerto del Carmen.
Fully furnished, stylish and modern interior
Detached 2 bed 1 bath villa situated in a quiet
complex with large communal swimming pool.
Decent size property with a generous plot, large
terraces, lovely views, at best from roof terrace
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
125970
Cactus Consulting
99,900
Puerto del Carmen
198829
Cactus Consulting
99,950
Puerto de Carmen
197184
110,000
Yaiza
2
2
3
1
1
3
1
1
55
179
Top floor fully refurbished 2 bed apartment on
a well kept Canarian style complex. Fully fitted
kitchen, with oven, large fridge freezer and 4 ring
hob. Very nice pool area and easy parking.
OPEN TO SERIOUS OFFERS!!
A great investment opportunity two bedroom
apartment in the much sought after area of Old
Town Puerto del Carmen.
New build duplex property. Great size property to
include large basement and garage. Garden and
terraces, with large terrace leading off the master
bedroom with mountain views.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
171695
Cactus Consulting
115,000
Costa Teguise
236689
Grupo Estupendo
122,000
Famara
230611
130,000
Los Mojones
2
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85
274
160
Las Gaviotas is a well maintained development in
a popular residential location of Costa Teguise. It
is within walking distance of shops, schools, the
town centre
Spectacular Caleta de Famara - Rare low price
opportunity. 2 bedrooms, 1 bathroom, close to
beach
For sale in Los Mojones, Puerto del Carmen: plot
of 854m2 land with sea views.
Can build 1 house on this plot with single storey
plus basement up to approx 160m2 in size.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
236675
Location Lanzarote
130,000
Freedom for Sale 8
235580
Location Lanzarote
139,000
236678
140,000
More properties
urgently required we now have clients
waiting
We can help you with every aspect of buying a property in Lanzarote from arranging your mortgage to arranging your furniture.
We offer building and design services, holiday rental and property management/maintenance.
Ref. 393 – PLAYA BLANCA
Ref. 601 – PLAYA BLANCA
Ref. 499 PLAYA BLANCA
NEW MARINA RUBICON. A fabulous detached
3 bed 2 bath villa with light and spacious rooms,
established gardens, private pool, extensive terraces and off street parking. Situated at the end
of a quiet cul-de-sac only a 10 minute stroll from
the Marina.
PRICE 380,000
5 MINS WALK TO CENTRE. Great value 4 bed villa
with 2 separate 2 bed apartments below. On a
corner plot with sun terraces and private pool. Located in the upmarket and central Los Calamares
development. Quiet but very central!
NEW FABULOUS MODERN VILLA. Superb semidetached 4 bed 3 bath villa in Costa Papagayo.
Comprising 2 beds 2 baths, kitchen and living/dining
room upstairs, and 2 beds, 1 bath and an extensive
kitchen/living/dining room downstairs. Private pool,
established gardens and
gated off steet parking.
PRICE 348,000 
NEW EXCITING OPPORTUNITY. A 3 bed 2 bath
detached villa tucked away in the upmarket Las
Coloradas area. Sitting centrally in a large plot, the
villa offers many opportunities for improvement. Wellpriced to reflect the work needed.
PRICE 337.500 - HEAVILY REDUCED
PRICE 170.000
Ref. 444 - PLAYA BLANCA
NEW 3 BED WITH ANNEXE
Semi detached 3 bed 2 bath villa in Costa Papagayo with a self contained annexe at the side.
Off street parking, roof terrace and large garden
with pool.
PRICE 230,000
CENTRAL LOCATION
Semi –detached 3 bed 2 bath property with heated
pool in Costa Papagayo. 500m2 plot, quiet street,
well maintained inside and out.
STUNNING SEA VIEWS. Charming detached 2
bed house in Aguamarina with unbroken sea
views from the house and the terrace . Large plot,
beautifully maintained and presented inside and
out, heated private pool and many extras.
REDUCED. 2 double bedroom duplex on Faro
Pechiguera. The property offers well proportioned
living space, including a sun room and easily
maintained rear garden, and now represents great
value for money.
PRICE 226,000
PRICE 336,000
PRICE 90.000, reduced from 116.000
Ref. 210 NAZARET
Ref. 314 YAIZA
SEA AND MOUNTAIN VIEWS. 2 bed detached
bungalow in Nazaret, set in an elevated and
tranquil spot with excellent views. The property
offers a fitted kitchen, lounge and 2 beds 2 baths,
a shaded sun terrace, off street parking and use of
a communal pool
(shared by 4 properties). PRICE 192.000
FRONT LINE APARTMENT SUPERB SEA VIEWS
Gorgeous 1 bed apartment overlooking the promenade in the centre of Playa Blanca. Offering a spacious and stylish living/kitchen area with access to a
beautiful parlty covered sun terrace, this apartment
is all about location!
PRICE 350.000
PEACE AND TRANQUILITY. 3 bed 2 bath detached
house in the Shangrila Park area. Offering a recently
built conservatory which more than doubles the
interior living space, this property has extensive
gardens, terraces and a roof terrace, and access to a
large communal pool.
PRICE 209,000
VILLAGE LOCATION.
Well priced new-build located in the centre of Yaiza
village. Offering 3 bedrooms, good sized living space,
terraces and an underground garage.
www.optimaestate.com
PRICE 130,000
[email protected]
Calle Varadero No 4, Playa Blanca, Yaiza, Lanzarote. 35580 / Mobile: +34 620 803 510 Phone +34 928 519 383
Freedom for Sale 9
Ten (Currency)
LANZAROTE
SECTION ]
[The
Commandments
OK – so you have found your perfect home, identified your
favourite restaurant in the area and have even started inviting
people over to visit but how much will this dream property cost in
Pounds? Researching the potential impact currency fluctuations
could have is one of the most important factors to consider when
buying an overseas property.
As part of our continued coverage of this topic, Freedom 4 Sale spoke to Nat
Davison from Global Reach Partners for an objective view on how to make the
most of your currency transfers. Here we give you our top ten tips…
Currency broker or bank?
1. Currency brokers get you more for your money than high street banks when
transferring currency abroad. Because they trade currency in large volumes,
currency brokers can offer rates that are up to 4% better than the banks, and they
tend to waive commission and cover bank transfer fees.
Dedicated contact
2. When you open an account with a currency broker you are allocated a dealer
who deals with you personally. Your dealer will not only strive to get the best
exchange rate for all your transactions, but they will ensure your converted currency
is transferred securely to an overseas bank account. Your dealer will handle your
account over the phone or via email.
3. Choose a currency broker before you start your search for an overseas property.
It’s best to have everything in place early, as once you agree to buy a property you
may well need to send funds abroad from the UK quickly.
Managing payments
4. The most straightforward transaction a currency broker offers is a spot contract.
These are simple, one-off transactions , usually required with short notice - they are
ideal for deposit payments as agents and developers usually require funds quickly
to secure the purchase of a property.
5. One of the most useful facilities offered by currency brokers is the forward
contract, a type of ‘buy now, pay later’ solution. Forward contracts allow you to
fix an exchange rate for months in advance. Forward contracts offer peace of mind
and allow you to budget safely. Generally, a 10% deposit of the total amount to be
transferred is required.
6. Currency brokers also offer regular payment schemes, which allow you to transfer
money at regular intervals between the UK and abroad. To help you budget, you
will be able to fix your rate of exchange for months in advance. Regular payment
schemes are useful for making mortgage payments, paying property maintenance
bills, transferring rental income back to the UK or receiving your UK pension
abroad.
Competitive rates
7. Most currency brokers will offer competitive exchange rates for transactions of
more than a certain value; for example on amounts above £2,000. However, your
personal dealer will discuss the most economical route with you.
8. Currency brokers charge only a nominal fee for electronic onward payment.
How much the fee is could depend on the speed of settlement required, as well as
the destination.
Regulation and security
9. From November 2009 the money transfer market has been regulated by the
Financial Conduct Authority (FCA). This means currency brokers will have to
be registered with the FCA, and operate within the FSA’s ‘conduct of business’
rules. More importantly for consumers, currency brokers will be answerable to
the Financial Ombudsman Service. This should reassure consumers that currency
brokers are a safe, efficient alternative to banks for transferring money abroad.
10. When choosing which currency broker to use, be sure that your money will be
held in a transaction account that’s separate and identifiable from company funds.
If possible, check the company’s credit rating and how long it has been trading.
Freedom for Sale 10
www.lanzaroteinvestments.com
email: [email protected]
Ref 01497
4 bedrooms
3 bathrooms
2 pools
140m2 built, 500m2 plot
Price 250,000 euros
Ref 01451
1 + 2 bedroom
apartments
Residential complex
100 m to beach
Price from 46,500 euros
Ref R118
5 bed, 2 bath duplex
Terraces
Parking space
Near marina
Price 100,000 euros
Ref R117
3 bedroom villa
Private pool
Garage and basement
229m2 built, 300m2 plot
Price 240,000 euros
Open Mon-Fri 10am to 6pm
Email or call us now to list your property for sale - [email protected]
Playa Blanca office: 135, Calle Limones. Playa Blanca. Tel: (0034) 928 349 480
Ref 01466
1 bed 1 bath apartment
Communal pool
3 mins walk to beach
Gated community
Price 69,950 euros
Ref 01450
2 bedroom apartment
Sea and pool views
Central location
Quiet
Price from 139,000 euros
Ref 01461
2 bedroom
2 bathroom
Detached bungalow
Private driveway
Price 199,000 euros
Ref 01438
4 bedroom luxury villa
Sea views and garage
Private pool
2000m2 plot
Price 339,000 euros
Open Mon-Fri 9am to 7pm
Sat 10am - 2pm
Puerto del Carmen Office: 43 Avenida de la Playas, Puerto del Carmen.
Tel: (0034) 928 516 238 - Mobile (0034) 618 309 487
Further information
call 0034 928 177 538
email:
[email protected]
Freedom for Sale 11
Puerto del Carmen
Puerto Calero
Playa Blanca
4
2
2
4
1
1
1
1
106
This property has been divided into 3 separate
apartments all with their own entrances and
terraces.
Close to the Marina in Puerto Calero for sale,
a luxe 2 bedroom 1 bathroom bungalow with
roof terrace. Totally renovated to a high quality
standard with air-con heating.
On a very popular complex close to the town
and the beautiful Playa Flamingo beach, this 2
bedroom, 1 bathroom semi-detached bungalow is
in a very private location, with a communal pool.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
236687
143,500
Playa Blanca
237664
145,000
Costa Teguise
170447
Grupo Estupendo
155,000
Tias
6
3
3
6
3
2
1
1
117
110
A fantastic opportunity for a project!!!! Two
unfinished semi-detached three story houses on
a quiet cul-de-sac in Costa Papagayo. The houses
are to be sold together. Licences in place
This is an exceptionally bright and spacious
house is about 4 years old. The complex has a
large communal swimming pool, and the house
also has its own private pool and parking area.
Immaculate three bedroom apartment in a
popular town in the centre of Lanzarote. This
property has just come on the market. Outside
terrace and BBQ area. Great value property.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
198775
Optima Estate
180,000
Playa Blanca
197345
Location Lanzarote
190,000
Playa Blanca
230612
Freedom Properties
195,000
La Vagueta
2
2
4
1
2
2
1
1
65
125
250
PLAYA FLAMINGO BARGAIN. This 2 bedroom,
1 bathroom bungalow is situated on Playa
Flamingo, which is a front-line holiday village of
bungalows direct on the Playa Flamingo Beach.
Spacious semi-detached villa located in Costa
Papagayo, just a short walk from the Dorada
beach and the town centre of Playa Blanca. At
1,000m2, this larger-than-average plot
This 200 year old Canarian farmhouse of 250m2
on one floor on a plot of 600m2. Situated in the
picturesque village of La Vegueta surrounded by
wonderful scenery and close to the wine region.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
194470
Freedom Properties
199,000
Playa Blanca
180127
Optima Estate
205,000
Puerto Calero
236468
Location Lanzarote
230,000
Los Mojones
3
3
2
2
2
2
1
1
120
69
Beautiful semi-detached villa situated in the Costa
Papagayo area - just 10 minutes walk from Playa
Dorada and the town centre.
This villa is on two levels but still is ideal for
all ages. There are three terrace areas in this
property.
This stunning property comprising of 2 double
sized bedrooms and 2 bathrooms. The master
bedroom has a terrace and sea views.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
149731
Optima Estate
229,000
Freedom for Sale 12
198938
Cactus Consulting
240,000
236528
250,000
TELEPHONE: (0034) 680 44 6789
E-MAIL: [email protected]
matching people with homes
Ref: f4s235613
Puerto del Carmen
Ref: f4s236490 . Tias
Ref: f4s235595 . Nazaret
Ref: f4s236706 . Macher
Beds:2 Baths:1
Built:70m2
Plot:120m2
Beds:3 Baths:3
Built:170m2
349,000€
Plot: 564m2
Beds:7 Baths:4
Built:220m2
Plot: 1200m2
Beds:5 Baths:4
Built:245m2
Plot:2000m2
179,000€
550,000€
675,000€
3D
FEEL COMFORTABLE TO CHOOSE
PROPERTY SERVICE
WITH STYLE AND ATTENTION TO DETAIL
3DPROPERTYFINDER
propertyfinder
HAND PICKED PROPERTY
3dpropertyfinder.com
Lanzarote’s Preferred Estate Agency
Calle Puerto Cabras Numero 6, Local Numero 1, Residencial Las Moreras
(San Marcial de Rubicon), Playa Blanca, 35580, Yaiza, Lanzarote.
Telephone:- (00 34) 928 518 923 Mobile:- (00 34) 666 45 51 71
E-Mail:- [email protected] www.playablancaproperties.com
REF AB401
Price: 259.000 €
REF AB296
Price: 220.000 €
REF AB356 Price: 190.000 €
from the first floor. Ideal as investment property or family home.
2 bed 2 bath villa with private heated pool situated close to the
main town centre of Playa Blanca. Sold completely furnished
& equipped to a very high standard, this villa is currently
being successfully marketed as a rental property. Property of
a good size with a generous plot & large terraces. Ideal as an
investment the villa will be sold with all forward bookings.
REF AB314 Price: 280.000 €
REF AB295 Price: 220.000 €
REF AB209 Price: 192.500 €
Beautifully kept 2 bed 2 bath villa with private pool & private garage
situated in the highly sought out area of Las Coloradas. Sold fully
furnished and equipped with nice design and layout. Private entrance &
garage on ground level with the living quarters & pool on the first floor.
Large terraced area’s surrounding the pool, including lovely wooden
pergola for relaxing in the shade & enjoying the views.
Great property at very decent price. Detached 2 bed 2 bath villa with
private heated pool. Excellent build, high quality finish & marble floors
throughout. Located in a good position close to the coast with some sea
views. Generous plot size, private garden, high walls & private parking.
Completely furnished, decorated, equipped and in good condition.
Great value for money. Beautiful semi-detached 4 bed 3 bath villa
on 2 levels with private heated pool & situated 15 minutes walk
from Playa Blanca centre. Well equipped & furnished. Private
entrance, private parking & generous size plot. Good sea views
Exceptional detached 3 bed, 2 bath villa, built on one level with
private heated pool. Good position, in sought out area, close to
centre of Playa Blanca, amenities & beaches. High standard of
construction & finish. Fully furnished, equipped & decorated to
very high standard. Private terraces & private parking. Excellent
investment property. Sold with forward bookings if required.
Viewing definitely recommended.
3 bed detached duplex villa with private heated pool located in great
position close to coast, beaches, amenities & Marina Rubicon. Nicely
spread out over 2 levels with advantage of private terraces & gardens.
Sold furnished, of a good size with detached fitted kitchen. Decent price
for this area.
Freedom for Sale 13
Costa Teguise
Guime
Tias
2
3
3
1
1
3
1
1
1
103
207
160
The Nautilus front line complex is very
conveniently located to all that Costa Teguise has
to offer, therefore restaurants, shops, bars etc. etc.
are just a couple of minutes walk away.
Detached 3 bedroom 3 bathroom villa with
private heated pool and sea views on a 1150 m2
plot.
Quality detached villa, located in a quiet area of
Tias, that has been recently refurbished to a high
standard. and it has permission to extend the
house up to 200m2. RENT TO BUY OPTION
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
235702
Location Lanzarote
260,000
Playa Blanca
237676
265,000
Puerto Calero
197326
Cactus Consulting
265,000
Playa Blanca
2
3
3
2
2
2
1
1
1
135
227
REDUCED IN PRICE: Located on a beautiful front
line complex, only a few minutes walk to the
centre of the town and Playa Flamingo, stunning
views across to Fuerteventura.
80
On a small private complex of only 24 properties
this spacious 2-storey townhouse has beautiful
garden, pool and ocean views. Tastefully
furnished.
Enjoy the fabulous sea views from the
magnificent chill-out terrace of this 3 bed semidetached property! Off street parking for 3 cars, a
large pool (8mx4m), terraces and gardens.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
90480
Freedom Properties
275,000
Playa Blanca
235605
3D Property Finder
280,000
Conil
198825
Optima Estate
290,000
Conil
2
3
3
2
3
4
1
1
239
110
239
A charming, bright and airy, detached home
with a very comfortable feel. This beautifully
maintained house is well-located in the upmarket
area of Las Coloradas
This villa benefits from its own private pool and
has sea views from many of the balconies and
terraces.There is a large fitted kitchen with a
dining area and solana
Unique family home build on 5 floors with a
wrought iron and wooden staircase leading
through the middle of the house, in full decorative
order and furnished to a very high standard
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
229782
Optima Estate
299,000
Haria
197975
Grupo Estupendo
299,000
Playa Blanca
177610
Cactus Consulting
299,000
Playa Blanca
3
4
4
2
2
4
1
Lovingly and totally renovated in 2006 this
194m2 home has retained its Canarian charm
utilizing thick walls and original wood ceilings;
complimented by abundance of natural light.
CENTRALLY LOCATED WITH SEA VIEWS. Three
bedroomed semi detached villa is superbly
located in the Los Calamares urbanisation, only 5
minutes walk into the Town Centre.
Fabulous villa situated in an elevated position
on Montana Roja, overlooking Playa Blanca
town and panoramic views over the sea towards
Fuerteventura. Many extras included in the price
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
236433
Location Lanzarote
329,000
Freedom for Sale 14
229511
Optima Estate
330,000
155750
Optima Estate
349,950
lish,
man
e
Lawyers
w w w. g r u p o e s t u p e n d o . c o m
Costa Teguise:
3 bed, 2 bath, deceptively spacious three bedroom
property built in 1999 in the heart of Costa Teguise.
Access to the property is via a large porch area with
lots of storage. The property comprises of an open plan
lounge/dining area leading into a fully equipped galley
style kitchen with solid wood work surfaces. Solana with
door to garden.
Price 249,500
Lawyers
Masdache:
6 bed, 4 bath spectacular property on the lava flow in
Masdache. Built in 1990 the property sits on a 4695m2
plot and has a build size of 380m2 and offers magnificent
mountain and lava views. The gated driveway can
accommodate several cars and leads to two garages.
Price 420,000 euros
Specialists in property
conveyancing
Legal Services
Legal Services
Offices
1 Property Conveyancing
1 Civil, Criminal, Labour Law
1 Express & International Divorces
Mancha Blanca:
4 bed, 2 bath large house in the rural village of Tinaguaton
with superb mountain views. The property has tiled floors
throughout and generously proportioned rooms and
comprises of an impressive hall way with high ceiling, on the
ground floor there are two living rooms and a family-sized
fitted kitchen with an American fridge and freezer, gas oven
and hob, combi-microwave, extensive work-tops and eyelevel cupboards. Price 220,000 euros
Business
sale in Teguise:
1forEvictions
& Insurance Claims
Reduced from 1.5 million euros. Building which has been
tastefully1
restored
using many
old Canarian
techniques
Judicial
& Out
of Court
Cases
and wood to make this a very interesting and beautiful
building. Set within the heart of La Villa de Teguise the
Palacio Ico is very much part of the historic centre of
the island. The complete complex is laid out in a way for
individual shops or perhaps office space along with the
restaurant. Price 850,000 euros
Business Centre
1 Legal and Fiscal Advice
Costa Teguise Offi
ce
1 Tax Consultants
Coronas Playa Hotel, Avenida del Mar 26, 35508
1 Companies & Self Employed
Call Centre
1 Fax : 928 80 64 28
Phone:
1 All Types of Paperwork
Tel + 34 928 346 105
1 Opening Licenses
Sue: 0034 608 928 550 [email protected]
1 Non Residents Tax
Chris: 0034 608 608 109 [email protected]
in Property Conveyancing
Playa Blanca
Ref: 229932
We speak
Ref: 28549
Playa Blanca
English
Spanish
German
Chinese
Playa Blanca
Ref: 198802t
[email protected]
www.asginterconsulting.es
1 Anual Tax Declarations
Playa Blanca
Offices
• Property conveyancing
• Arrecife: C / Jose Molina 6
• Civil, criminal, labour law
• Puerto del Carmen:
1 Arrecife
- C/ Jose Molina
6,1oC C / Teide 22, local 1
• Express
& International
divorces
• Evictions
& del
insurance
claims
• local
Playa 1Blanca: C / La Lapa 27
1 Puerto
Carmen
- C/ Teide 22,
• Judicial
& out of court cases
• Fuerteventura:
1 Playa Blanca - C/ La Lapa 27
C / Galicia 20, Corralejo
Business
Centre - C/ Galicia 20, Corralejo
1 Fuerteventura
• Madrid • London
• Legal
and
fi
scal
advice
1 Madrid
1 London
• Tax consultants
Call Centre
• Companies & self employed
• (0034) 928 80 63 63
• All types of paperwork
• M: 615 085 036
• Opening
licenses
• Fax: 928 80 64 28
1 (0034)
928 80 63 63
• Non
residents tax
• E: [email protected]
1 M : 615 085 036
• Anual tax declarations
• W: www.asginterconsulting.es
Ref: 235559
Playa Blanca
Ref: 141653
BANK REPOSSESSION: Extremely good
value. Three bedroom duplex in a popular
area of Playa Blanca. The property has
fantastic sea and mountain views and
consists of 3 bedrooms, a bathroom
upstairs, a downstairs toilet, kitchen and
a large reception. At the front is space
for off street parking. Located in a quiet
private development in the Las Coloradas
area, near local shops and restaurants.
PRICE REDUCTION. A two bedroom bungalow situated on a complex with communal
pool, large mature garden areas and all the
amenities close by. The complex is situated
just 200 meters away from the Flamingo
Beach and the promenade, which takes you
to the harbour of Playa Blanca. Excellent
rental potential!
A superb detached bungalow in one of the
most popular locations in Playa Blanca. The
villa has been built using top quality materials and has been maintained to a very high
standard with a large terrace surrounding
the superb, heated pool. With two double
bedrooms, two bathrooms, a spacious
lounge, fully equipped kitchen and al fresco
dining area, it makes an ideal family home,
holiday home, or holiday rental property.
SENSATIONAL PRICE. High on the mountain,
this bungalow has magnificent views across
to Fuerteventura. Four double bedrooms and
three bathrooms, this villa has tremendous
potential as a rental property or family home.
Ample car parking. Spacious terraced area on
two levels with a heated pool, brick built bbq,
solana and access to the house through patio
doors to the master bedroom, lounge and
well equipped kitchen / dining area. The price
includes furniture, fixtures and fittings.
Located on Puerto Chico a beautiful front
line complex. Recently renovated with new
aluminium windows and doors throughout.
It has two double bedrooms with fitted
wardrobes, two bathrooms an open plan
kitchen and lounge with patio doors opening onto a large south facing terrace. The
property has excellent forward bookings for
anyone wishing for an investment property.
The complex has a touristic licence.
Beds: 3
Baths: 1
Beds: 2
Baths: 1
Beds: 2
Baths: 2
Beds: 4
Baths: 3
Beds: 2
Baths: 2
Price:
87,000
Price:
148,000
Price:
200,000
Price:
260,000
Price:
275,000
Freedom for Sale 15
Four Steps To Managing Your Spanish Inheritance
When someone close to you dies you
have many emotions to deal with. No
matter how expected the death was,
the finality can come as something
of a shock. It’s the time when you
need those that you love and trust
most around you. What you don’t
need are the worries of the practical
arrangements of sorting out Spanish
inheritance.
Unfortunately, not everyone dies prepared. Even
when a death is expected inheritance is such a
difficult subject to broach that many important
decisions can be left in the balance. This is perhaps
even more the case where an inherited property
is in a foreign country. However, even with this
Freedom for Sale 16
complication there is no need for obstacles as long
as you have the right people to help you.
In this article we lead you through the steps you
should take to sort out your Spanish inheritance
on the death of a close family member. Sometimes
taking one step at a time is the best approach.
Step 1
Make sure you are in as good a place as you can
be to begin with. Attend to your own emotional
needs first, talk to the people around you and don’t
make any hasty decision at this stage. If there are
children, siblings or close relatives involved, you
need to agree on a course of action. This might
mean that one of you takes the lead.
Step 2
You need someone to act on your behalf who
understands Spanish inheritance tax law and
preferably the legal system in your own country
too. Talk to people, if you can, who have used
an inheritance service they can recommend. The
solicitors or advisors should be prepared to discuss
with you the main issues and costs to be incurred
before you are required to sign up for their services.
Make sure they speak good English if your
command of Spanish is weak. You need to be
clear what they are doing for you and what any
alternatives are. Language can be a barrier and
you need everything to work in your favour at this
point.
Step 3
Whoever you engage to help you should be able to
work out what the cost of any Spanish inheritance
tax will be and the expenses involved in transferring
the assets into the inheritor’s names. Spanish
inheritance tax is administered very differently in
Spain to many other European countries. How
much you will need to pay varies significantly
depending upon what relationship you have to the
deceased, where the property and assets are located,
whether you are resident or non-resident and what
you intend to do with the property. For example,
you might not need to pay inheritance tax at all
if your parent was a resident of Spain and you are
going to keep the house, even if you are a nonresident yourself.
The bank account being frozen is often one of the
major worries that newly bereaved people have. In
Spain, the bank account or half the bank account,
where it’s in joint names, will be frozen. Limited
use of the account will still be available so leave it
to your solicitor to talk to the bank to make the
appropriate arrangements to ensure that all bills
continue to be paid.
Step 4
You should put the inheritance procedure into
action. This can be a difficult next step to take.
However, leaving it after six months will mean that
there is a fine as well as the tax to pay.
What perhaps surprises people is that each of these
steps can be taken in your own country. There is
in fact no need to travel to Spain as a power of
attorney to your appointed solicitor in Spain can
be requested in the UK and NIE numbers can be
applied for at the Spanish Embassy in London or
Dublin. Telephone and email contact can provide
the answers to most of the questions you might
have.
What’s perhaps most important to remember is
that you are not on your own. Plenty of people
have found themselves in this situation before and
will do again. A reputable firm who are used to
handling inheritance claims will be sensitive to the
issues you are facing and the emotional impact of
it all. Inheritance law in Spain is complicated but
there are solicitors who specialise in this service and
their expertise in the field will prove invaluable at
this time.
Freedom for Sale 17
Playa Blanca
Playa Blanca
Puerto Calero
4
4
4
3
2
2
1
1
1
120
185
A stunning detached villa situated in the Parque
del Rey development, not far from the town
centre. With 4 bedrooms, 3 bathrooms and
spacious living areas
A superb holiday villa on a large plot with a
private heated pool, gardens, large terraced area
for al fresco living. Furnished and equipped to a
high standard can be sold with forward bookings.
Modern 4 bed, 2 bath detached villa built in 2004,
set in a quiet residential area of Puerto Calero.
The main part of the house is split-level with a
3-step division between levels.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
149875
Optima Estate
350,000
El Cuchillo
164730
Freedom Properties
365,000
Tabayesco
237681
3D Property Finder
595,000
Puerto Calero
5
5
5
5
3
5
1
1
300
300
340
Luxury 5 bedroom 5 bathroom villa with designer
features and large (10m x 5m) heated private pool
with integrated Jacuzzi.
Beautiful Villa in fanstatic location with 16.000
sqm plot
Reduced by over 300,000 euros - a huge
reduction for a true luxury villa. The quality of this
property far exceeds traditional standards and is
meticulous to the last detail.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
235611
3D Property Finder
600,000
235700
Location Lanzarote
635,000
236523
3D Property Finder
990,000
[GRAN CANARIA SECTION]
Maspalomas
Playa del Ingles
Playa del Ingles
Playa del Ingles
Ref 229701
Ref 235545
Ref 235546
Ref 229866
Beautiful brand newly refurbished
apartment for rent in Playa del Ingles.
The property consists of 1 bedroom,
1 bathroom, living/dining, fully equipped
kitchen and large balcony. Located in a
well maintained complex with communal pool. Close to the beach, supermarkets, restaurants and public transport.
Long term rental 900 euros per month
Located in a well maintained complex
balcony. Located in a well maintained
with communal pool. Near the Shopping
complex with communal pool. Close to
Centre Faro 2.
supermarkets, banks and bus stops.
Beautiful refurbished apartment for
sale in central street of Playa del Ingles.
The property consists of 3 bedrooms,
2 bathrooms, living/dining, kitchen and
balcony. The property is fully furnished,
with air conditioning and electric blinds
on the balcony. The price includes a
parking garage. Located in a well maintained complex with communal pool.
Price 134,999 euros
Price 109,000 euros
Price 367,500 euros
Beautiful fully refurbished bungalow
for sale in Maspalomas. The property
consists of 2 bedrooms, 1 bathroom,
living / dining room, kitchen and two
terraces, one front and one back.
Tlf: +34 928.774.309
Beautiful apartment for sale in one of
the main streets of Playa del Ingles. The
property consists of 1 bedroom, 1 bathroom, living/ dining room, kitchen and
Fax: +34 928.765.780
Avda.España 7 CC.Prisma, Local 19 y 20, Playa del Inglés 35100, Las Palmas de GC
Email: [email protected]
www.realestatemyhome.com
Freedom for Sale 18
Top tips on how to
add value to property
Homeowners are choosing to
make improvements to their
properties rather than move,
in an attempt to increase the
saleability and value of their
homes in the current faltering
housing market. This is because
improvements can increase a
property’s value in a future sale
- or limit any fall in a property’s
value if house prices continue to
slide. But these have to be the
right improvements, as some
changes can cost more than the
uplift in price.
and market, because there will be a
‘Glass Ceiling’ or maximum price
that your house can be valued at,
and this will remain regardless of the
improvements you make.
Here we set out five top tips on how
to improve your home and add value
to your property:
Bear in mind that even if you agree
a price with a buyer they may not
be able to get a mortgage for that
amount. Valuers will use a rule
of ‘three comparable properties’
meaning that they look at three
similar properties in the immediate
area to act as a price guide and they
will be reluctant to value properties
much above this. Consider the value
of the works you are doing in relation
to the maximum sale value of similar
properties in your area, and keep in
mind that going over this figure is
risky.
Be Objective
Improve energy efficiency
This might sound obvious, but
you will only be able to convert
your investment into a return if
you are able to sell your home at a
good price. This means ensuring
the improvements you make have a
broad appeal. Optics Bars or ‘roll top’
baths in the middle of a bedroom will
only ever appeal to a small section of
the market, especially if they are at
the expense of valuable living space.
Estimates for fuel inflation mean that
by the end of the decade fuel costs
will be the second largest household
payment after the mortgage. This
means that having a fuel efficient
home will be a big advantage for
many prospective buyers who are
becoming increasingly conscious of a
home’s running costs.
Extend/Convert
The two main factors that determine a
property’s price are size and location.
The latter isn’t something you can
change but adding space can be an
effective way to add value. However,
spending 100,000 euros rearranging
the layout of your property doesn’t
mean you will add 100,000 eurosin
value. Why? Because you haven’t
added a single extra square metre of
floor space.
Loft conversions or basement
conversions are one of the most
cost effective ways to add value to
your property and can, on average,
increase the price by 20 to 40 per
cent, with a rear extension adding
slightly less. So if you can, build up
or build out
Local Research
It is vital to research your local area
If you are extending or converting
then consider insulating the walls
and ceilings because 70 per cent of all
heat is lost through them. Changing
to a fuel efficient condensing boiler
will also reduce bills as can underfloor heating. We have found that
many simple low cost measures are
effective at reducing energy costs,
which will become increasingly
important as time goes on.
Layout
It is important when considering
the layout of your property to try
and avoid losing rooms. Even if
you are creating a superb layout, if
in the process you go from a 3 to a
2 bedroom property it is extremely
likely that you will be reducing the
value of your home. Also, try to
keep layouts flexible – if you create
an open plan ground floor layout
consider installing dividing doors and
make it easy to reinstate stud walls so
potential purchasers understand they
can change the layout to meet their
needs.
Freedom for Sale 19
[TENERIFE SECTION]
Los Cristianos
San Eugenio
Golf del Sur
0
0
1
1
1
1
1
1
1
35
With 24 hr reception , pool bar/restaurant and heated
pool this complex has it all for a holiday in the sun.
With a management company onsite to handle any
rentals for the owners.
A studio apartment in an excellent corner location. The
best feature of the studio is the large terrace (40 m2)
with panoramic views over the sea, Communal pool
and a bar/ restaurant serving snacks and drinks all day.
Absolutely pole position, fantastic views over the sea,
very nice ground floor apartment with large balcony,
very private, on popular well maintained complex, 2
swimming pools, walking distance to all amenities
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
237591
Tenerife Property Shop
59,950
Los Cristianos
186415
The Property Gallery
60,000
Adeje
237320
89,000
Golf del Sur
2
1
2
2
1
2
1
1
1
69
85
This converted ground floor property has 1 1/2
bedrooms, two bathrooms and a comfortable lounge
,a fully equipped galley kitchen and a spacious 19m2
terrace area with a storage cupboard.
36
1 bedroom corner penthouse apartment, with 1 full
bathroom, very modern equipped American style
kitchen, lounge, and a very large and private terrace of
24m2. Two communal pools (one heated)
Spacious two bedroom duplex on a very well
maintained complex with views to the swimming pool.
Large roof terrace which has all day sun and a self
contained bedoom and bathroom!
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
236784
92,888
Fanabe
219792
130,000
San Miguel de Abona
237076
135,000
Adeje
1
4
2
1
2
1
1
1
180
Fanabe is a very popular area, close to all the best
beaches and amenities of Playa de Las Americas, with
easy access to the motorway. Lagos de Fanabe is a
first line complex with direct access to the beach
Rustic Canarian house situated in the village of San
Miguel, in the area of El Roque with 4 bedrooms, 2
bathrooms. Large terrace/ patio of 60 m2.
Ideal retreat.
This very nice 2 bedroom penthouse offers 75 m2
interior area divided into 2 spacious bedrooms and one
bathroom, open plan kitchen and lounge which leads
out to a terrace of 16 m2 offering panoramic views.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
148875
195,000
Valle San Lorenzo
229736
220,000
Tijoco Bajo
229503
230,000
Adeje
4
4
3
2
5
3
1
1
1
383
JUST REDUCED... ORIGINALLY from 535.000 euros !!!
This charming detached villa is located in a quiet cul
de sac. 4 large bedrooms and 2 bathrooms. There is a
conservatory leading off one of the rooms.
A stunning four bedroom detached villa sitting in its
own grounds of 840 sqm with a private heated pool &
a double garage. The villa has been designed to take
advantage of the beautiful 180 degree views.
Roque del Conde - This very attractive modern villa
is located in Roque del Conde, Torviscas Alto, at the
top of the hill with stunning views out to sea and La
Gomera.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
236946
350,000
Freedom for Sale 20
236914
775,000
228480
895,000
www.freedom4sale.com/tenerife
TENERIFE PROPERTYTENERIFE
SHOPSECTION
[
Tel: + 34 922 714 700
+ 34 922 715 064
Local 117 Puerto Colon,
Playa de las Americas
]
Just a selection from our HUGE portfolio of properties
[email protected]
PARQUE ALBATROS, GOLF DEL SUR
GOLF01223
PEBBLE BEACH, AMARILLA GOLF
AMG00318
A one bedroom apartment in a beautiful development that has all the ingredients of a fabulous holiday home irrespective
of whether you are young or old. The property boasts a great position as it sits proudly in a quiet location and has stunning views for a ground floor location. The complex has an on-site bar/restaurant, heated pool, childrens play area, WIFI
zone, hot tubs and the biggest chess set known to man, well not quite but you get the drift. The apartment has a more
than generous footprint and the bathroom has been refurbished recently. Priced to sell. Price  79.750
This cute one bedroom apartment is in the perfect location if you need to unwind, rest and recuperate. Set front line to the
ocean with stunning views this apartment almost has a little house on the sea feel to it. Based in a golf course urbanization with 3 communal pools all a sunshine stroll away this really is a must for anyones viewing list. The bathroom and the
kitchen have been updated and the property also has shutters on the patio doors to give you total peace of mind when
you are not here. Price £77.000
MONTESOL – AMARILLA GOLF
LA01604
PEBBLE BEACH, AMARILLA GOLF
AMG00304
This very pleasant one bedroom apartment is very well located in the San Eugenio Alto area with all the amenities you need within walking distance including the beach, bars ,shops and even the Siam Park!. Based on a quiet
residential complex of only 30 apartments this is ideal as a holiday home or to live all year round. With a fully
fitted kitchen , lounge and spacious bedroom both with access to the ample size terrace. Sit back relax and enjoy
the view or have a stroll into town ...the choice is yours...! Price  95.000
REDUCED BY A WHOPPING 20.000 POUNDS!! A top floor 2 bedroom apartment that boasts views of the highest
order. This front-line property has a large terrace that looks towards the marina and the glistening ocean. Set in a
well maintained, established development which offers the usage of 3 communal pools all of which are heated in
the cooler months. Idealic surroundings which give you a sense of peace and tranqulity makes this a great location to escape all the hustle and bustle of normal life. Very good access to the property. Price £139.950
OASIS TROPICAL, CALLAO SALVAJE
CS00142
CLUB DE MAR, PALM MAR
PM00024
This attractive 2 bed apartment is located on a tranquil well maintained complex which boasts a delightful communal pool area. The property affords lovely ocean and mountain views from the terrace and is located in a quiet
but increasingly popular area with all amenities close by. Would ideally suit a mature couple or single person for
residential use or as a peaceful holiday home. Price  178.500
MASSIVELY REDUCED FROM 260.000 EUROS!! A very spacious townhouse with 3 bedrooms, 2 bathrooms, WC, split
level lounge and dining area, large separate fully fitted kitchen with marble tops, huge 4 car garage, roof terrace, private
garden, sea views - this is a substantial family home based on a residential complex with a pool and a few minutes walk
to the sea. For comfort and space at a great price. Price  227.000
PARQUE SANTIAGO, PLAYA DE LAS AMERICAS
LA01598
BUZANADA
OUT01010
This very well presented 2 bedroom duplex apartment is ideal as a holiday home or winter retreat. Based on one
of the most popular and sought after complexes and in the heart of Playa de las Americas this property has everything on the doorstep including beaches, high quality shopping centres and nightlife!. Two double bedrooms,
a bathroom, a shower room and an independent kitchen. The lounge has access to a large garden/ patio area
overlooking the pool area. The main bedroom also has a smaller terrace. View it soon! Price  265.000
This spacious 7 bed, 3 bath detached villa is situated in a residential and quiet area. It has double garage,
fitted wardrobes, huge fully equipped kitchen, utility room on the roof, 3 balconies and a big roof terrace with
panoramic views to the mountains and sea. It has space for a swimming pool and garden. You can add your own
touch to this house as areas are still unfinished. Price  280.000
VILLAS DEL DUQUE, FAÑABE
LA01602
LA QUINTA, AMARILLA GOLF
AMG00310
Located in one of the most sought after and exclusive areas in the South of Tenerife and only a short distance from the Playa del
Duque area this substantial linked villa is situated on a high quality and secure gated complex with communal pool. The property
itself has a lovely private pool and terrace to the rear . Inside there are 3 double bedrooms 3 bathrooms , a fully fitted independent
kitchen and utility area. Also a spacious lounge with dining area. Under the property is a large double garage and a seperate basement area which can be easily transformed for extra living space such as a cinema room or games room. Price  549.000
Immaculately presented property that is in the best position amongst this nice little collection of Spanish style Villas with charm and character
in abundance. 4 bedrooms, 3 bathrooms and spacious living areas, the finest quality of kitchen, a huge garage that also has the potential
to become a separate apartment, a private pool and various outdoor seating areas. The plot is a generous 426 sqm2 and the build size is a
comfortable 200 sqm2, the Villa faces South giving sun all day on the terraces and gardens and showering the interior with light. Refurbished
to a high standard this will make the perfect holiday home or permanent residence. Price £495.000
www.TenerifePropertyShop.com
Freedom for Sale 21
[TENERIFE SECTION]
Scam concerns over Spain’s
new Energy Certificate
One
Month
since
the
introduction of the new Energy
Efficiency Certificate (EEC)
and already there are major
concerns with scams offering
cheap certificates. It’s hardly
surprising that the new
legislation has bought out the
cowboys. What is surprising
to the professionals is how
fast the illegal marketing has
occurred.
“A general reduction of prices is
not bad in itself,” says Fidel Perez
Montes, Director of Diversificación
y Ahorro de la Energía, IDAE, “the
problem is whether this reduction
is accompanied by suspicious
practices.”
For example, the Colegio de
Aparejadores de Madrid has
discovered advertisers that guarantee
the highest rating (A), “something
that turns the certificate in to a mere
triviality when the initiative is crucial
if we want to reduce CO² emissions
to achieve more energy efficient
homes and buildings,” says Jesús
Paños, President of the college.
Another malpractice is to offer
the certificate without visiting the
premises “This is not acceptable in
anyway,” says Jose Antonio Galdón,
President of the General Council of
Industrial Engineering of Spain, who
explains “the Royal Decree requires a
skilled and authorized professional to
survey the property.”
Further concerns are about the cost of
the certificate compared to the prices
in the UK. Energy Performance
Certificates were introduced in
England and Wales in 2007 as part of
the Home Information Packs (HIPs)
for domestic properties. When the
requirement for HIPs was removed in
May 2010, the requirement for EPCs
continued and this created a price
war between assessors gunning for
work. Some of those same assessors
are offering their services here, which
they are not legally authorised to do.
An EEC must be issued by an
architect, engineer, or a qualified
technician who is authorised to
undertake building projects and
thermal installations for buildings
(this is important because not
all architects and engineers are
Freedom for Sale 22
certified). They must belong to an
official provincial association (colegio
oficial) and have a member number.
This allows them to offer their
services professionally. If the assessor
is not authorised then it will be
impossible to register the certificate.
Jose Antonio Galdón emphasizes
that for a house, “I would become
suspicious of those who offer cheap
certificates. The price you should
expect to pay is between €200 - €300
per household”.
This price is the average cost of an
Energy Efficiency Certificate across
mainland Europe. In addition, those
who breach the rules are liable for
prosecution with fines up to €6,000.
BUYING a property in Spain
involves considering a lot of variables
before you decide to purchase.
Important decisions have to be made
about the location, size and age of
the property, as well as the state of
the construction, decor, electrics,
etc. Now, you will have to consider
another factor on that list : energy
efficiency.
We have all been told that we must
save energy and cut carbon dioxide
emissions in order to slow down the
effects on climate change. For several
decades now governments have been
slowly introducing ways to achieve
this and help educate us on what
we need to consider in order to save
energy.
White goods are a perfect example
of how this works. They have been
subject to being energy efficient rated
for several years. Coloured bar graphs
attached to the goods provide energy
efficiency information.
More recently the demise of the
traditional light bulb in favour of
low-energy lamps has us now using
more energy efficient lighting in
our homes. Look closely on the
packaging and you will see a small
energy efficiency certificate. This,
along with the infamous ICP that we
must all have fitted in our Consumer
Units, is all part of the European
Union master plan to cut CO2
emissions by 20% by 2020.
[TENERIFE SECTION]
C.C. Centro Playa, Local No 9, Puerto Colon, San Eugenio Bajo,
Playa de las Americas, 38660 Adeje, Tenerife, Canary Islands.
Tel: (00 34) 922 719 925 / 922 719 889
Fax: (00 34) 922 719 616
UK tel: 0871 222 8720
Skype: tenerife.property
e-mail: [email protected]
BED X1,
BATH X1.
REF: B1465
BED X2,
BATH X1.
REF: C1483
BED X1,
BATH X1.
REF: B1464
GUAZA.
BUZANADA.
LAS CHAFIRAS.
Top floor apartment in need of refurbishment
Top floor apartment in nice complex, sold with parking space
Spacious ground floor apartment with large interior patio,
& need a new kitchen fitted.
and store room. The apartment is in fair condition and the
small terrace to the street alongside the lounge,
Amenities and bus stop nearby.
complex has a lift. PRICE: 40.600 EUROS
separate large kitchen, and entrance hall.
PRICE 27.800 EUROS
PRICE: 40.600 EUROS
PRICE: 68.700 EUROS
BED X0,
BATH X1.
REF: A340
BED X1,
BATH X1.
REF: B1389
BED X1,
BATH X1.
REF: B1462
OCEAN VIEW, SAN EUGENIO ALTO.
LA BARRACA, COSTA DEL SILENCIO.
BUZANADA.
Large studio on a ground floor, sold fully furnished, full
swimming pool.
In this residential complex in Costa del Silencio, we can offer 2
individual one bedroom apartments; both have 1 full bathroom,
fully fitted kitchen, lounge, patio/garden of 40 m2 each with barbecue area. Garage space. Community swimming pool.
In a rural setting on a small gated development of only four
houses in total. This particular house is spacious and has loads
of potential. It stands on a plot of 180.26 m2 and the house has
a surface area of 96 m2.
PRICE: 70.000 EUROS
PRICE: 92.000 EUROS EACH
PRICE: 110.000 EUROS
bathroom, open style kitchen fully equipped, lounge area,
large terrace. Views to the sea and La Gomera. Community
BED X1,
BATH X1.
REF: B1441
BED X2,
BATH X2.
REF: C1427
BED X4,
BATH X4.
REF: D1322
CASTLE HARBOUR, LOS CRISTIANOS.
ROQUE DEL CONDE, TORVISCAS ALTO.
MIRADOR DEL SUR, SAN EUGENIO ALTO.
Newly renovated apartment in a modern attractive style &
holiday complex with reception, pool bar, pools, lift, etc.
Town house in residential area & within easy reach of the
tourist areas of Playa de las Americas & Gran Sur shopping
centre, good size accommodation and lovely green
garden/seating area.
Fantastic corner villa with large private pool, double
garage, magnificent panoramic sea views. Upgrades
throughout; parquet flooring, electrical shutters, fly screens,
air-con, etc. A must see!
PRICE: 118.000 EUROS
REDUCED PRICE: 220.000 EUROS.
PRICE: 675.000 EUROS.
with excellent views. New kitchen and bathroom. Popular
Bank Repossessions
Special Offers
BED X2,
BATH X1.
REF: C1524
SAN ISIDRO.
First floor apartment in the centre of town & within easy
reach of plenty of amenities.
Sold with garage parking space.
PRICE 28.500 EUROS
Further
Furtherinformation
informationcall
call0034
0034928
928177
177538
538
BED X2,
BATH X1.
REF: C1475
GUARGACHO.
Modern block of apartments in well-kept building. First floor
apartment with terrace.
PRICE FROM: 32.600 EUROS
BED X2,
BATH X1.
REF: C1373
EDIF. KARPA, LAS CHAFIRAS.
Ground floor apartment with full bathroom,
fully fitted kitchen, good-size lounge,
and sold with garage parking space + store room.
PRICE FROM 38.400 EUROS
Freedom for Sale 23
w w w . t h e p r o p e r t y g a l l e r y .Freedom
c ofor Sale
m 23
[TENERIFE SECTION]
Understanding how the
Spanish property market works
When buying property in Spain it helps
to understand how the Spanish property
market works. The more you know about
the business the easier it is for you to
select appropriate companies to deal
with, and the harder it becomes for
anyone to take advantage of you.
We take an in-depth look at the different types
of companies you will be confronted with when
buying property in Spain. A happy and successful
purchase will depend in part on the companies and
professionals you choose to deal with, so this is not
a trivial matter
Estate agents
Most overseas buyers will work with one or more
estate agents when buying property in Spain (whilst
the Spanish, especially in rural areas, are more likely
to use word of mouth). It is increasingly easy to
avoid using estate agents, by for instance going direct
to developers when buying on new developments,
or contacting private vendors individually via
websites that facilitate private transactions. Even so
the majority of British people end up using estate
agents as these can provide a valuable service if
they are ethical, competent and professional. The
problem is that there are estate agents that fail to
meet these conditions, and dealing with unethical
or incompetent estate agents can expose buyers to
considerable risks.
In the past, membership of one of Spain’s two
professional real estate associations (API and GIPE)
was as a legal requirement for anyone brokering
property in Spain. This ensured that anyone legally
selling property had the training and qualifications
to do so. However in 2000 the Spanish government
deregulated the market and, consequently, pretty
much anyone can now play the role of intermediary
in property transactions. Though it was often ignored
the former arrangement did at least encourage
companies and individuals wishing to broker
property to undergo the professional training in
Spanish necessary to become members of API or
GIPE. Under the present arrangement many of the
British people legally selling property in Spain don’t
speak Spanish and don’t understand the conveyancing
process in Spain. This undermines the service they
provide, increasing the likelihood that buyers will
suffer the consequences of dealing with incompetent
estate agents.
Another unfortunate reality of the Spanish property
business, especially the foreign buyer segment, is that
it has attracted people with a timeshare mentality of
aggressive and unethical sales. This is no coincidence:
as timeshare collapsed, freehold property sales in
Spain boomed, and many of the people formerly
Freedom for Sale 24
selling timeshare moved into property. All booms
have a tendency to attract cowboys looking for easy
money, but a business like Spanish property that is:
1) lightly regulated 2) unfamiliar ground for buyers
and 3) very lucrative, will attract more than it’s fair
share of hucksters.
A good agent can provide a
valuable service to overseas
buyers.
It is difficult to exaggerate the importance of avoiding
incompetent and unscrupulous estate agents when
buying property in Spain. Some of the biggest risks
that buyers run can be traced back to the competence
and attitude of estate agents. Fortunately for buyers
there are many professional, competent and ethical
agents in the market, but the challenge is knowing
how to find them.
The value of estate agents
A good agent can provide a valuable service to
overseas buyers. Estate agents are the main property
‘channel’, which means they put buyers and sellers
together. Without agents it is difficult and laborious
for buyers to find properties, though the internet is
challenging the old order and create new models that
put buyers and sellers in touch. For the time being,
though, agents are still the dominant channel for
foreign buyers, and buyers go to them for access to
a wide selection of properties from many vendors.
Buyers can also benefit from the agent’s knowledge
and experience of the local property market, as
foreign buyers will usually know little about the
market and the process by which property changes
hands in Spain. Last but not least, if the buyer is
British and doesn’t speak Spanish, a bilingual estate
agent can be invaluable
How estate agents should work
We should look at the conduct that buyers should
expect from good agents. Though not exhaustive the
following list covers the main points of conduct that
you can expect from good agents.
An estate agent should:
• Be
mature and speak good Spanish. Property is
one of the biggest investments most people will
ever make and the least buyers can expect is to deal
with a mature bilingual sales person. Many of the
people selling Spanish property to the British in
recent years have been little more than teenagers.
They are flown over from the UK by agents (
this happens more in mainland Spanish Costas
than the Canaries), promised an easy fortune on
a commission-only basis, and then unleashed
on unwitting clients despite their total lack of
understanding of Spain, Spanish, and the local
property market.
• Demonstrate real experience and knowledge of the
local property market. When buying something
as expensive as property you should expect help
from an experienced sales representative who
can demonstrate knowledge of the local area and
property market. They should have lived in the area
for at least 5 years. Look for agencies that are locally
based in the area where you want to buy and that
have a good selection of properties to offer. Avoid
using agencies that aren’t locally based, as they
may know less than you about the local property
market.
• Respond
to your enquiries in a quick and
professional manner. Many companies respond
slowly or not at all to client enquiries. These
companies are best avoided.
• Make
an effort to understand your needs and
requirements from the outset. This means
discussing your requirements in depth.
• Help you to understand what the market has to
offer and what you can realistically expect to buy
given your budget and requirements. Unreasonable
expectations benefit neither client nor agent.
• Provide
you with clear and useful property
particulars or reports.
• Show you a selection of suitable properties given
your budget and requirements. Some agents
intentionally show clients highly unattractive
properties (known in the trade as ‘put-offs’) in
order to make mediocre but slightly more attractive
properties (the ones they want to sell) seem
wonderful in comparison.
• Be
unequivocal about what is included with a
property, for instance furniture, and back it up with
documentation.
• When dealing with resale properties, agents should
have a file with all the relevant documentation on
the property. As a minimum this should include
the land register filing (nota simple) and a copy
of the title deeds. Well organised professional
agents will also have receipts of local rates, utilities
and community changes where relevant. For new
build properties they should have a copy of all the
relevant documentation provide by the promoter,
for instance up to date price lists, plans and
specifications, copies of example contracts and a
copy of the building licence. Your lawyer will have
to check all of these documents independently but
[TENERIFE SECTION]
it facilitates the process and reflects well on the agent
if they can provide all of this information.
• Not put you under any pressure during the process.
There is a fine line between pressure and well-meant
• Be honest, erring on the side of caution, on matters
encouragement, and it can be difficult to identify
the real costs of purchasing property in Spain. Many
• Accompany you to the signing of the deeds if you
such as rental potential, expected capital gains and
agents have been known to exaggerate the rental
potential of properties and downplay the costs of
buying and owning property. And no agents have a
subtle pressure, which comes in many forms.
request this.
• Keep you informed of construction progress and the
crystal ball. All the can tell you is what prices have
dates when stage payments become due when buying
done in the past.
off-plan.
• Make it clear what level of after-sales service they
provide. There is nothing wrong with an agent
providing very little after-sales service if they are
perfectly honest about this and don’t mislead you
into expecting help that won’t be forthcoming. In
reality you may be better off hiring professionals that
specialise in after-sales services if your estate agent
does not extend to this.
• Be open about the commission they are earning if
you ask.
Freedom for Sale 25
[FUERTEVENTURA SECTION]
Costa Antigua
Corralejo
Caleta de Fuste
1
0
1
1
1
1
1
1
1
40
Charming bungalow located on a well maintained
complex in the resort of Costa Antigua. This
complex benefits from a communal swimming
pool and gardens and a family friendly
Price reduced! - This top floor studio apartment
for sale is located in a gated developmentl
adjacent to the stunning Parque Natural. Spacious
and furnished with a fully-equipped kitchen
Fabulous opportunity to purchase a 1 bedroom
bungalow situated in a well maintained complex
with communal swimming pool, and surrounded
by mature tropical gardens.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
236667
Carmen Villazan
40,000
Corralejo
229759
Fuerteventura Property World
57,500
Parque Holandes
174477
Fuerteventura Residences
59,900
Caleta de Fuste
1
2
1
1
1
1
1
1
1
62
56
This top floor apartment for sale is located in the
heart of Corralejo. Enjoys all-day sun! It is on a
well-maintained complex, with pools, gardens
and kids play area, bar & restaurant
Top floor two bedroom apartment. Open plan
lounge and dining area, fully-equipped kitchen,
a 12m2 private balcony, and an underground
garage space.
Centrally located furnished duplex style property
for sale in Caleta de Fuste, easy walking distance
to the beach & all resort facilities.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
194448
65,000
El Cotillo
222742
65,000
Caleta de Fuste
152232
72,000
Caleta de Fuste
2
1
2
1
1
1
1
1
55
75
Very nice duplex in town centre. It is of 2
bedrooms with fitted guardrobes, 1 bathroom,
living-room and fitted kitchen, good materials,
laundry room and private roof terrace
Priced for a quick sale, furnished duplex, ideally
situated in a popular complex in the centre of
Caleta de Fuste, 5 mins walk from the sandy
beach, shops, bars and restaurants.
Charming bunglow located close to all amenities.
This property has never been lived in & benefits
from front & rear gardens & a rof top terrace with
sea views.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
229806
Aurytur
74,800
Corralejo
237668
79,500
Corralejo
229893
Carmen Villazan
90,000
Caleta de Fuste
3
3
3
2
2
3
1
1
85
148
160
3 Bedrooms, 2 Bathrooms, large apartment in the
Bristol area of Corralejo. First floor. Communal
roof terrace
For sale chalet on one level. It provides three
bedrooms, living-room, separate kitchen, two
bathrooms and a storage room. Private garden
and a parking. Bank repossession property.
Brand new townhouses for sale on the mountain
of Caleta de Fuste. All rooms bright & spacious
with 3 double bedrooms with fitted wardrobes, 3
bathrooms two of which are en suites.
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
198861
Aurytur
85,000
Freedom for Sale 26
235743
Aurytur
85,000
229775
Carmen Villazan
98,500
www.freedom4sale.com/fuerteventura
R
Reaeal lEEstsattae te
C/. Galicia, 29 – Loc. 1, 2, 3
35660, Corralejo
Fuerteventura
New bank repossession
properties daily!
Email us for every kind of doubts or info & follow us
on Facebook to receive always updates about our
very hottest promotions available for sale & rent!
Tlf.: (0034) 928 537 197
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YOUR
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PROMOTION IN CORRALEJO
Incredible semi-detached duplex in the area of
Natural Park in Corralejo. Complex with
communal pools, gardens, tennis courts,
communal parking. Each duplex: 3 bedrooms, 2
bathrooms, 1 toilette, laundry room, living-room,
independent kitchen, balcony,
roof terrace and private garden!
Starting from 79.500€
Freedom for Sale 27
Corralejo
Corralejo
Corralejo
3
3
3
2
2
1
1
1
1
105
98
98
Each house is a duplex with 3 bedrooms and
fitted wardrobes, 2 bathrooms, 1 toilet, living
room, kitchen, private garden, terrace, balcony
and roof terrace
This immaculately-maintained detached villa for
sale is located in La Capellania, a well-established
development approx. just a 4-minute drive to the
centre of Corralejo.
New duplex in Parque Natural, 3 bedrooms,
2 bathrooms, 1 toilet, independent kitchen, 3
terraces, solarium, garden with private pool and
parking zone. 100% Finance
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
235758
Aurytur
112,000
Caleta de Fuste
235661
152,750
Corralejo
171694
Aurytur
153,000
Caleta de Fuste
3
3
3
1
3
2
1
1
1
108
Stunning duplex for sale on a well maintained
complex with a communal pool. Fully furnished
with spacious terraces & roof terrace plus a
private storage room & garage parking.
The complex has 68 semi-detached Villas. The
Villas Chemas Duplex have 3 bedrooms, private
fresh water pool and can accommodate up to 6
people
Golf course villa with a large private swimming
pool. Consists of 3 bedrooms, 2 bathrooms,
spacious terraces & a roof top terrace with views.
Fantastic Price!!
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
Web ref:
Estate Agent:
Price:
236634
Carmen Villazan
157,500
196286
Aurytur
205,000
229779
Carmen Villazan
260,000
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Freedom for Sale 28
Arrive prepared
Canary Island property magazine and web site
Two-bedroom apartment that
enjoys pool views from private
south-facing balcony
Price: 55,000
Furnished top floor studio with
amazing views to the sea &
Lobos from roof terrace
Price: 57,500
Furnished bungalow on a small
well-maintained complex along
Avenidas Grandes Playas
Price: 75,000
Three-bedroom, three bathroom
townhouse near the
Corralejo sand dunes
Price: 150,000
Calle Almirante Nelson 5,
35660 Corralejo, Fuerteventura
Tel: + 34 928 867 989
Mobile: + 34 696 079 572
[email protected]
www.fuerteventurapropertyworld.com
We are specialists in finding the right property
for your budget.
Let us know WHAT you want & HOW MUCH you
want to spend and we’ll find the right property
for you as we have the best contacts.
Triquivijate
Caleta de Fuste - Centre
199.950
158.500
3 bedroom, 2 bathroom villa, private pool and
garage. 1.200 M2 plot
4 bed, 3 bath duplex.
Private garage
Caleta de Fuste
Caleta de Fuste - Golf Course
76.500
257.000
Lovely 1 bedroom bungalow
Beautiful views
Corralejo - Furnished Villa, 2 bedrooms,
private pool & gardens.
Price: 122.500 Euros.
Caleta de Fuste - Furnished house, 3 bedrooms,
2 bathrooms, & a communal pool.
Caleta de Fuste – Townhouse, 2 bedrooms,
2 bathrooms, terraces & a communal pool.
Caleta de Fuste - Furnished Villa,
Frontline golf views, 3 bedrooms, private pool.
3 bed, 2 bath front line villa
Private pool - furnished
Don´t miss out on these & other fabulous offers,
now including bank repossessions. Contact us today
Avda. Juan Ramón Soto Morales Nº 9, Residencial Esmeralda,
Local Nº 2, 35610 Caleta de Fuste. Antigua. Fuerteventura.
Telephone number: 0034 928 16 01 75
website: www.carmenvillazan.com
e.mail: [email protected]
• Sales • Rentals • Apartments • Villas • Land •
Freedom for Sale 29
New measures to bolster Spain’s
ailing rental market
The Government has drafted a new
rental law in an attempt to bolster
and streamline the ailing rental
market, but curiously one of the
biggest beneficiaries will be the hotel
industry.
Property ownership in Spain is deeply embedded in
the national psyche. Some would even call it a national
obsession (followed by football and not necessarily in
the same order). Property ownership is widely viewed
as ‘superior’ to renting almost as a social status all
unto itself (!). Several popular well-known mantras
upholding such (false) belief have endured over the
boom years. But the receding tide of prosperity,
induced by this recession, has exposed them for what
they always were – false myths:
Ley 4/2013, de 4 de junio, de medidas de flexibilización
y fomento del mercado del alquiler de viviendas
Ley 4/2013 is the law published in Spain’s Official Law
Gazette on the 5th of June that heralds these changes.
The official line is that it brings on a slew of novelties
which will hopefully bring a breath of fresh air into a
stale rental market. This new law significantly amends
Spain’s all-important Tenancy Act (Ley 29/1994,
de 24 de noviembre, de Arrendamientos Urbanos).
Popularly known by its acronym ‘LAU’.
However I speculate that the ‘real’ agenda being
pushed by this law is another and I elaborate further in
my conclusion below. In my opinion this is yet another
patchwork law that attempts, for the umpteenth time,
to do something about Spain’s chronically failing
rental market – and most likely will fall flat on its face.
1. “Alquilar es tirar el dinero” which loosely translates
as ‘renting is throwing away (good) money’
Major Highlights of Spain’s Amended
Rental Law
2. Another good one is “nunca bajan” translated as
‘(house prices) never fall’
The exclusion of Spain’s Rental Act for touristic
property lets. This is hands down the most significant
change in my opinion made by this reform as it now
purposefully leaves out what are known as ‘touristic
tenancies’. The LAU used to rule on all tenancies
(except those deemed as ‘luxury’ rentals). Touristic
tenancies will now be ruled by Spain’s seventeen
regional autonomous communities. To make it
more complicated, not all autonomous regions have
such laws implemented. Touristic rentals require a
licence from the local administration. The matter is
so complex that it easily merits its own article given
the fact there are seventeen autonomous regions
in Spain capable of enacting their own laws on the
matter compounding it furthermore. Always making
administrative matters easy.
3. and last is my all-time favourite: “siempre lo podrás
vender” translated as ‘(don’t worry) you can always sell
it’; yeah right!
Spanish parents are obsessed with leaving their children
property when they should really be concerned on
gifting them a top-notch education allowing them a
chance in life to win their spurs.
Unsurprisingly, because of this historical national
fixation for property ownership 83% of properties
in Spain are inhabited by their owners as opposed to
only 17% being rented out. Compare these (very) sad
figures with a far more developed rental market in
Europe which boast an average of 30 to 40% rental
occupation. Moreover, all this money that is (foolishly)
ploughed into property is a wasted opportunity cost
that could be better put to use in the money markets
investing in companies and start-ups, creating jobs
and wealth, rather than saddling with debt legions
of Spanish families who now face the grim prospect
of a lifetime sentence in the form of a financial
millstone around their necks for the remainder of
their existence. A huge change of financial culture
in Spain is urgently required in line with Protestant
countries (historically more financial savvy) that can
only be achieved through education from an early age
at school. I venture that one positive outcome of this
‘recession’ will be that scores of Spanish will now be
forced to rent as opposed to buying outright.
The underlying historical reasons on this fascination
are numerous and exceed the object of this article so
I won’t digress. What matters is that the Government,
with millions of properties standing empty and
millions more of young – and not so young – workers
unemployed, has finally smelled the coffee. They have
been busy drafting a new law in an attempt to bolster
and streamline an ailing rental market in the hope of
making it more dynamic and robust.
Freedom for Sale 30
• The legally mandatory five-year rental period for
long-term rents is now reduced to a three-year period.
• As a direct result of the above, deposits must now
be reviewed after the three-year period has elapsed (as
opposed to the former five-year period).
• The tacit renewal is reduced from a three-year period
down to one year.
• A landlord may now recover the possession of
the property after a year has elapsed under certain
circumstances. Unlike before, this now does not have
to be expressly worded into the contract.
• The landlord may now sell the property and the new
owner may terminate the existing tenancy agreement
so long as it is not lodged at the Land Registry. Before
this law, the new owner was forced to respect the
existing mandatory tenancy until it ended. This is a
very welcome measure indeed. So for all new contracts
signed after the 5th of June 2013 it would be advisable
for a tenant to have their tenancy agreement lodged
at the Land Registry if they want some degree of
protection against the owner selling the property and
the new owner moving in and have them vacated. On
lodging the tenancy agreement if the owners sells on
the property, the new owner will be forced to respect
the tenancy for the mandatory three-year period (used
to be five years before this law).
Tenants may now notify their landlords, at any
moment, with only 30 days in advance of their will to
terminate a tenancy provided they have already rented
it for a six-month period. Before a tenant needed to
wait until almost till the end of the tenancy or else face
compensating the landlord for the lost rental if they
decided to bail out ahead of time. Notwithstanding
a suitable compensation can still be agreed. This is an
advantage for tenants really, not for landlords, as it
allows them more flexibility to terminate a tenancy.
If in agreement, the let can now be forfeited for a set
period of time so long as the repairs in the property
are shouldered by the tenant. This must be mutually
agreed.
Both parties may now opt-out of the IPC, as the
annual benchmark to increase a tenancy, and choose
another index. IPC stands for ‘Índice de Precios al
Consumidor’ which is a Consumer Price Index which
is widely used in Spanish contracts as a benchmark
to increase services in line with the annual rise of
inflation.
It can now be agreed by both parties that long-term
tenants may waive their pre-emption and buyout
rights (‘derecho de tanteo y retracto’) in a resale as is
stipulated in section 25 of Spain’s Tenancy Act.
Changes to Spain’s all-important Civil Jurisdiction
Law, (1/2000 – LEC) to further streamline the
eviction procedure. Non-paying tenants will now be
given only a ten-day deadline to bring arrears up to
speed. The more legal fat is stripped away, the more
efficient and streamlined will the resulting eviction
procedure turn out. This is frankly positive but hardly
groundbreaking.
Conclusion: more beating around the
bush
Although some of the above changes are indeed a
positive step in the right direction, most are superficial.
I remain largely sceptical of this new law because, once
again, it doesn’t really address the main issues which
historically hamper Spain’s rental market, and only
beats around the bush.
So why on earth bother to approve a law that
seemingly won’t make much of a change in the rental
market? The cynic in me can’t help but think that,
brushing aside negligible cosmetic changes in the
overall picture, the real agenda being pushed is that of
the hotel industry.
After a decade of booming construction, where
thousands of new-build properties were bought en
masse and let out to foreigners at large, the hotel
industry has experienced massive losses as a result of all
the unregulated competition from a myriad of humble
property investors dotting the Spanish coastlines. It
has reached the point where many first class hotels
who stands to benefit with
this reform and whose
interests are served by it?
now close down during the low season, something
unheard of previously. This new law – quietly but
relentlessly – effectively introduces a restriction to
letting by private individuals, leaving it to autonomous
regional communities to rule on the fine details of what
a touristic licence actually entails. Which is why I place
it as the first, and most significant, point on reviewing
and listing above the amendments brought about to
Spain’s Tenancy Act (LAU).
One would have to ask oneself: who stands to benefit
with this reform and whose interests are served by
it? Certainly not the countless foreign small-time
investors looking into buy-to-lets to make some money
on the side to supplement their (meagre) income.
Again an ill-conceived political measure that meddles
in the economy that will prove to be counterproductive
on the long-term as it will foreseeably deter would-be
buyers who would have otherwise invested had they
unrestricted freedom to rent. Talk about shooting
oneself in the foot.
Forcing home owners across Spain to ensure their
properties comply with the same regulations already
imposed on hotels (minimum quality standards,
health and safety, kitchen appliances etc.) is daft and
may be safely labelled as an unnecessary exercise of
interventionist legislation aimed to thwart or restrict
the sacred use of private property (in benefit of the
hotel industry). Not to mention treating as equals
those who are financially unequal as both hotels and
private individuals stand to comply with the same set
of standards if they want to attain a licence to rent. In
any case, let’s not rush ahead as the fine details will
be ruled by the seventeen autonomous regions so we
will just have to wait and see before judging in advance
regional legislations. Few communities have already
ruled on this i.e. the Balearics.
Back on topic, to foster a robust rental market we’d be
better off taking a bold stance and resolutely reworking
the whole eviction system from the root rather than
approve a string of half-hearted piecemeal laws which
honestly will scarcely make a dent on matters. What
would *really* kick-start the rental market in Spain
would be chiefly:
1. Change the predominant Spanish mentality
towards rental and ownership. Rental must stop
being demonised by society at large and accepted as a
perfectly valid option in life.
2. Have non-paying tenants evicted in less than
ten days from a property instead of having to wait
for months on end or even years to make it happen.
A short to medium-term goal reworking the legal
(procedural) system.
These two measures would greatly help to nurture and
consolidate a budding rental market in Spain. Granted,
it wouldn’t happen overnight. It takes considerable
time to change people’s mentality. Besides, there are far
too many legal constraints and guarantees safeguarding
non-paying tenants’ rights. What about the landlords
I ask? Long eviction periods lead to tenants trashing
properties, to landlords losing rental to offset their
mortgage repayments (which in turn may even lead
to a repossession of the rented property), besides
unnecessarily increasing tenant eviction legal fees
paid for by distressed landlords. This nonsense should
clearly be put to an end.
The rental sluggishness in Spain can largely be
pinned down to landlords being afraid of renting out
properties given how biased historically laws are in
favour of (non-paying) tenants. This is the crux of the
problem – fix it and you are half way there to pave the
way to a robust rental market.
It is Spain’s ruling political class who wield the power
to alter matters if they willed it – but I guess they
don’t have the backbone for change; too unpopular
and ‘politically incorrect’ or maybe they are simply
complacent with the current status quo.
But hey, politicians and lawmakers, in general, are
also entitled to make a (very) nice living by drafting
and publishing flawed laws, such as this one, to justify
their public stipends and perks whilst the rest of the
country languishes bearing the brunt of an unending
‘recession’.
Freedom for Sale 31
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Freedom for Sale 32

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