Canary Island Property Magazine

Transcription

Canary Island property magazine
Issue 83
Property news
Defining your property needs
Understanding costs
Buying sight unseen
freedom4sale.com
The largest single collection of Canary Island property
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Tel: 928 827 257
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Ref 1320
2,100.000 e
Rural guest accommodation with tourist license located in Ye.
6 guest units - total 11 beds / 9 baths, pool gym etc.
Impressive views, 1706 sqm built on plot of 18,000
Ref 1321
90.000 e
‘Los Molinos’ in Costa Teguise.
Top floor, bright, immaculate condition 1 bed apartment with
views over mature gardens. Minutes from the beach and all facilities.
www.location-lanzarote.com
CONTENT
Property News . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
Welcome to Issue 83
Buying a property overseas can add significantly to your
quality of life and give you, your family and friends many
happy times for years to come - owning a home in the
Canaries to return to time and again on an Island you love is
a joy.
It is however a big step and something you should not
undertake lightly. There are decisions you will need to take
and therefore information you need to know.
One such service, which is too often overlooked, is transferring your money to Spain. So we are pleased to have had
the support of specialist currency firm Personal FX supporting our readers and buyers over many years.
Buying a property overseas may be the fulfillment of a
dream but it is not always that easy. Each of the steps along
the way have their challenges and it is with these in mind
that we have been producing this magazine for over 12
years. We hope supported by our website www.freedom4sale.com it will provide you with invaluable advice to guide
you through the process.
Freedom4sale was established in 2001 by a group of likeminded people working in property, who shared a desire
to provide more information on the buying process in the
Canaries
It was soon apparent that one of the ways in which we could
also support potential buyers was by providing relevant and
first-hand knowledge on how to purchase property safely,
whether for retirement, as a second home or for investment
and put them in contact with relevant agents that are experienced in that area.
Enjoy this season’s issue.
Happy Hunting
The Freedom 4 Sale team
This issues Canary Island property news round up
Lanzarote section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Property price guide displayed in price order.
Estate agents and properties in all areas of Lanzarote.
Defining your property needs . . . . . . . . . . . . . . . . . . 8
Understanding costs . . . . . . . . . . . . . . . . . . . . . . . . . 12
Who does what in the property process . . . . . . . 16
Tenerife section . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
Estate agents and properties in all areas of Tenerife.
Money exchange . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
Fuerteventura section . . . . . . . . . . . . . . . . . . . . . . . . 24
Estate agents and properties in all areas of Fuerteventura.
Buying sight unseen . . . . . . . . . . . . . . . . . . . . . . . . . 26
Price alone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
Gran Canaria section . . . . . . . . . . . . . . . . . . . . . . . . . 30
Estate agents and properties in all areas of Gran Canaria.
The
Team
Paul Sully. Co-director. Editor.
Design, web.
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]
Spanish Economic Recovery to Boost Property Market
verse the trend of falling, there are some
areas of the nation where they will start to
rise, while the number of sales will most
definitely be on the rise, one of the first
indicators of a recovering property market. Gonzalo Bernardos, a professor at the
University of Barcelona, also said that one
of the drivers behind a recovery in sales
will be lending, with more and more mortgage providers expected to start approving
loans in the second half of the year in particular.
The market for property in Spain could
see a substantial recovery this year, as it
capitalises on an ever improving economic
outlook for the nation to build on a 2013
that was stronger than had been expected.
Prices throughout last year in the country
were boosted by the fact there had been an
increase in the number of foreign investors
buying there, and it is expected that the
volume of sales of properties will continue
to head upwards throughout 2014.
back of the news coming out of JP Morgan.
The investment bank has predicted that
the economy in Spain is set to improve by
one per cent through 2014. Further good
news came in the form of the forecast that
unemployment will start to fall this year.
It has been one of the biggest millstones
around the country’s neck in recent years,
with a quarter of all residents out of work
at points since the economic downturn in
the eurozone.
The market looks more positive on the
Although prices may take a while to re-
2013 Record
Year For Foreign
Tourists
Shift On ‘Luxury
Hotels Only’
Policy
The start of the big FITUR Tourism Fair in
Madrid brings the news that the Canaries
broke their record for the number of foreign tourists last year.
Figures released ahead of the Fair, which
the islands’ tourism chiefs are hoping will
serve to attract more Spanish visitors,
show that a total of 10.6 million holidaymakers from other countries travelled here
for a vacation. The figure is 400,000 higher
than the previous best, recorded back in
2011. Four months of the year just ended
March, October, November and December, saw the 1 million barrier broken, a feat
which has occurred for the first time. In December, one of every three foreigners who
holidayed in Spain did so in the Canaries.
Freedom for Sale 4
The Canarian government has used the big
FITUR Tourism Fair in Madrid to give the
first signs that it may be prepared to relax
the current ban on the building of new hotels, except those in the 5-star category.
The controversial freeze has infuriated
the Gran Canaria authorities, who are demanding a relaxation of the ban to allow
new 3 and 4 star hotels which, the island
Cabildo argues, are badly needed in the
resorts in the south to cater for growing
demand in these niches. The government
is adamant that only top-class hotels and
apartment complexes may be built as part
of the drive to improve the image and quality of the tourist industry here. However, a
spokesman said last night in Madrid that
it is prepared to “dialogue” with Gran Canaria over the situation and listen to the
island’s demands.
Expect to see foreign investors from the
likes of the UK, Germany and the Netherlands become the main providers of money coming into the market, helping to keep
sales volumes high. “Coming off the back
of a very strong 2013, Its predicted a further
increase in sales volume in 2014 as buyer
confidence continues to grow. If bank lending finally improves, then the market will
accelerate across the board but, again, it
is not likely for the first three quarters of
2014”
Rajoy Says Tax
Cuts In 2015
Spanish Prime Minister Mariano Rajoy
says the government will approve a tax cut
this year that will take effect in 2015.
Rajoy spoke in a televised interview yesterday, in which he also said, “There will
be no independence move by any Spanish
territory” referring particularly to Catalonia.
The Prime Minister told Antena 3 that he
expects tax reform legislation will be put
forward in March or April.
Rajoy, who has been in office for two years,
is head of the PP party which has ruled
Spain with an absolute majority, taking
harsh austerity measures to try to reduce
the huge deficit in public finances after a
decade long real estate bubble burst, generating an economic crisis that has lasted
five years. The centre-right government
had raised taxes despite repeated previous
statements to the contrary, Rajoy justified
this by saying it was necessary to avoid a
bailout to Spain as in the cases of Greece,
Portugal and Ireland.
www.freedom4sale.com
[PROPERTY NEWS]
Spanish Economic Recovery to Boost
Property Market
The market for property in Spain could
see a substantial recovery this year, as it
capitalises on an ever improving economic
outlook for the nation to build on a 2013
that was stronger than had been expected.
Prices throughout last year in the country
were boosted by the fact there had been an
increase in the number of foreign investors
buying there, and it is expected that the
volume of sales of properties will continue
to head upwards throughout 2014.
The market looks more positive on the
back of the news coming out of JP Morgan.
The investment bank has predicted that
the economy in Spain is set to improve by
one per cent through 2014. Further good
news came in the form of the forecast that
unemployment will start to fall this year.
It has been one of the biggest millstones
around the country’s neck in recent years,
with a quarter of all residents out of work
at points since the economic downturn in
the eurozone.
Although prices may take a while to re-
Empadron
Certificate Not
Needed For
Resident Travel
Discount
The Spanish Government approved a
measure on Friday, to do away with the
need for travel residence certificates, Certificado de Viaje to be presented in order
to qualify for discounted travel between
the islands and other parts of Spain. In the
future residents will no longer be required
to produce copies of their Certificado de
Empadronamiento para Viajar to receive
the residents discount available in the Canary and Balearic Islands, for travel within
Spain.
You will still need to be registerd on the Padron at your town hall in order to get the
discount, but the onus is now on the travel
agent, airline or ferry company to use the
SARA automated system to check on your
status on line.
Qualifying residents of the Canary Islands
will show as being entitled to the discount,
so you can confirm place of residence automatically at the time of booking.
Further information call 0034 928 177 538
verse the trend of falling, there are some
areas of the nation where they will start to
rise, while the number of sales will most
definitely be on the rise, one of the first
indicators of a recovering property market. Gonzalo Bernardos, a professor at the
University of Barcelona, also said that one
of the drivers behind a recovery in sales
will be lending, with more and more mortgage providers expected to start approving
loans in the second half of the year in particular.
Expect to see foreign investors from the
likes of the UK, Germany and the Netherlands become the main providers of
money coming into the market, helping to
keep sales volumes high. “Coming off the
back of a very strong 2013, Its predicted a
further increase in sales volume in 2014
as buyer confidence continues to grow.
If bank lending finally improves, then the
market will accelerate across the board
but, again, it is not likely for the first three
quarters of 2014”
Self-Employed
Workers Hope
Spain’s government is considering overhauling the Social Security system for the
self-employed after years of complaints by
sole traders and small business owners
that they are being bankrupted by financial
demands from the State.
In what could be a landmark reform that
would provide a much-needed boost to
business for those working for themselves,
the PP may be considering the possibility
of the self-employed paying monthly Social Security National Insurance contributions, according to what they earn, rather
than a flat rate.
Although the government insists it has no
immediate plans, after a meeting between
vice-president Soraya Sáenz de Santamaría and a national association representing
self-employed workers, the latter claims
the cabinet has promised to investigate the
situation in depth and consider a radical
reform.
Number of New
Companies Up
7% in 2013
The number of new companies incorporated in 2013 increased by 7.02%, the
highest rate for business creation since
2006, before the crisis began. In total,
93,756 companies were incorporated,
which represents the highest figure since
2008 when 105,287 were created, according to the Spanish Association of Registrars’ commercial statistics.
In addition, 34,994 capital expansion
transactions were carried out, amounting
to 59,929 million euros, 26.23% more than
in 2012. Although the number of capital
expansions in 2013 fell by 5.07% yearon-year, in the fourth quarter the trend
changed and grew by 11.07% compared
with the same quarter of 2012.
During 2013 the number of company liquidations increased by 12.16%, to 26,720,
however also in the fourth quarter the
trend was reversed with company closures falling by 34.88%.
The number of companies involved in
bankruptcy proceedings during 2013 was
8,049, which represents a 20.71% increase
over 2012, but also represents a moderation in the increase rate since in 2012 the
rate was even higher, at 32.88%. Again, in
the fourth quarter a change in trend was
noted, with the number of recorded bankruptcy proceedings decreasing by 6.83%
over the same quarter of the previous
year. Diario Sur reported that the Registrars’ data seems to confirm the shift in
trend in the economic crisis and the beginning of recovery.
Freedom for Sale 5
[ LANZAROTE SECTION]
Yaiza
Costa Teguise
Costa Teguise
0
1
1
0
1
1
1
1
50
For sale. Plot of land in a great position in Yaiza.
2.000 m² to be sold, however more m² available
if required.
We are pleased to offer for sale a choice of 2
ground floor apartments on the Golden complex
in Costa Teguise. These have been converted
from a Local (Shop) into two lovely properties
This one bedroom ground floor apartment is set
in a lovely quiet complex with two large pools,
plus a smaller one for younger children. Lovely
sea vies from terrace. 24hr security
Web ref: 237910
Estate Agent: Playa Blanca Properties
Price: e40,000
Web ref: 198668
Estate Agent: Grupo Estupendo
Price: e45000
Web ref: 171197
Estate Agent: Cactus Consulting
Price: e48,000
Costa Teguise
Costa Teguise
Puerto del Carmen
1
1
1
1
1
1
1
1
1
65
60
40
First floor apartment on a complex which is very
well looked after and has a fantastic pool and
childrens play area. Nearest beach is only 100m
away.
Price reduced on this first floor apartment on
the popular front line complex of Playa Bastian.
Viewing is highly recommended on this sensibly
priced property.
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
Web ref: 196306
Price: e81,000
Web ref: 198912
Price: e83,000
Web ref: 187919
Price: e85,000
Lawyers
Specialists in property
conveyancing
Legal Services
es
Offices
g
aw
Divorces
Claims
Cases
ntre
e
loyed
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
1 Fuerteventura - C/ Galicia 20, Corralejo
• Madrid • London
• Legal
and fiscal1advice
1 Madrid
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
Call Centre
1 Fax : 928 80 64 28
We speak
English
Spanish
[email protected]
www.asginterconsulting.es
Freedom for Sale 6
German
Chinese
w w w. g r u p o e s t u p e n d o . c o m
El Barranquillo, Calle Arpon, Puerto Del Carmen:
1 bed apartment in the center of Puerto Del Carmen on a
sought after complex, the property is fully furnished with
a good sized terrace and 3 communal pools, there is a
newly fitted kitchen and bathroom with walk in shower and
washing machine. There is also a double bedroom with fitted
wardrobes. The complex is only two minutes walk from the
main beach and promenade of Puerto Del Carmen.
Early viewing is recommended. Price 75,000 euros
Villa, Calle La Calera, Guime:
This is a lovely and spacious family home for sale on a
large plot, situated in the quiet location of Guime. Fantastic
outdoor living areas including terrace areas for sunbathing,
entertaining and also the large pool area and all with
fantastic sea views. Four good sized bedrooms and two
bathrooms, designed and located at either end of the villa. In
the middle there is the main spacious living area, dining area
and large family kitchen. Price 299,750 euros
Apartments, Playa Pocillos, Matagorda:
A large choice of spacious one bedroom apartments on a
well maintained complex in the heart of Matagorda. The
apartments have a good sized living room/fitted kitchen/diner,
a double bedroom with fitted wardrobes and a bathroom.
The apartments have either a terrace leading out to the
communal heated swimming pool or a balcony over looking
the pool , the complex also has a reception, pool bar and
tennis court all set in mature gardens. Price 59,950 euros
Los Dragos I Apt, Los Alfrechos, Puerto Del Carmen:
Two bedroom apartment in the much sought after area
of Old Town Puerto del Carmen. This apartment has
a double bedroom and the second has twin beds.The
main living area has open plan with a fully fitted kitchen
with washing machine, fridge and microwave. The living
area is spacious and this is the largest apartment on the
complex. The living area benefits from being bright and
leads directly onto the terrace area with sea views.
Price 122,000 euros
Puerto del Carmen Office
C.C. Los Pocillos, No.23, Avenida de Las Playas 77, Puerto del Carmen,
35510, Tias, Lanzarote, Canary Islands, Spain.
Phone:
Tel 0034 928 512 394
Martin: 0034 626 268 211 [email protected]
www.freedom4sale.com/lanzarote
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. 415 TAHICHE
Ref. 359 LAS BREÑAS
REDUCED. Country house located within the lava
fields near Cesar Manrique’s Fundacion. 4 bed, 4
bath, 5.500m2 plot, 395 m2 built.
GREAT VIEWS
Detached 3 bed villa, on a corner plot, with a
separate workshop and 1 bed annexe. Fabulous
views across to Timanfaya and the western coast.
PRICE: 595.000e, reduced from 795.000e
Ref. 220 PLAYA BLANCA
BEACHFRONT
2 bed bungalow on Playa Flamingo, 2nd line and
a 30 second walk to the beach. Sea views, great
rental potential.
PRICE 220.000e
PRICE 400.000e
Ref. 476 PUERTO DEL CARMEN
STUNNING SEA VIEWS
Large 4/5 bed detached house in colonial style.
1280m2 plot, 475m2 built. Located in upmarket
area near the old town.
PRICE 1,100.000e
NEW. Large detached property in Faro Park, comprising 2 bed 2 bath house and 1 bed 2 storey annexe.
Large plot, roof terrace with sea views, private heated
pool, many extras.
NEW
2 bed 2 bath house in quiet residential area. Walled
garden, off street parking, private heated pool.
PRICE 389.000e
PRICE 148.500e
www.optimaestate.com
NEW
Detached; 600m2 plot; gated community. Well
presented 3 bed 2 bath villa with large private pool.
PRICE 275.000 e
DETACHED
2 bed 2 bath detached bungalow in quiet area
of Playa Blanca. Extended living space. A well
maintained property.
PRICE 149.000e
REDUCED
Detached 3 bed 2 bath bungalow in quiet tranquil
urbanisation. Priced to sell
REDUCED
With sea views and only a 5 minute walk to
the seafront, this 3 bed property offers many
possibilities, with a large garage beneath.
SUPERB SEA VIEWS
Large 3 bed 2 bath apartment with huge terrace
and fantastic sea views. Town centre location, 1
minute to the sea.
PRICE 400.000e
CENTRAL
Located a 5 minute walk from the port, beach and
town, this 1 bed bungalow is located in a popular
urbanisation with large communal pool.
PRICE 129.500e
[email protected]
Calle Varadero No 4, Playa Blanca, Yaiza, Lanzarote. 35580 / Mobile: +34 620 803 510 Phone +34 928 519 383
Freedom for Sale 7
Defining your Spanish Property Needs
...the next step towards a successful purchase lies in analysing
Buying a property in Spain should not
be approached frivolously. It is a big
investment in time and money, and
the result is likely to have a significant
impact on your life.
This means that you need to think hard about why
you are buying and what you should buy given your
circumstances. Doing so helps you get your ideas clear
from the start, and encourages you to do some careful
research. This may sound like stating the obvious
but the truth is that many people allow dreams and
wishful thinking to cloud their judgments. People
who fail to do the hard thinking at the start are more
likely to waste their time and be disappointed.
Once you have done some background research into
the market the next step towards a successful purchase
lies in analysing and defining your needs. Doing so
not only helps you understand and prioritise your
requirements, it also helps you to prepare a clear,
written brief describing the characteristics of the
property you need. This results in a useful document
that helps guide your search and that you can share
with estate agents and other professionals who you
deal with during your search.
Wishful thinking will do you more harm than good
so be dispassionate and realistic when defining your
requirements. Think hard about your circumstances
both now and in the future, try to identify the
property characteristics that will best fit with your
Freedom for Sale 8
evolving circumstances, and try to challenge your own
assumptions about what you really want and need. Be
honest with yourself during this process, even though
it may involve shooting down a few fantasies. For
example a rural property can be very appealing but
the isolation often proves too much for some people.
You need to identify the important issues at the outset
rather than once you have bought. And be sure to
include everyone affected by the decision and arrive
at a consensus that everyone can support. It is a recipe
for disaster if your children or partner are not fully
supportive.
Example questions to consider
Needs are as varied as the individuals that have them
so it would be impossible to create a complete list of
the issues to consider. However the following are some
suggestions that cover the basic issues that affect most
people.
Will this be a holiday home for a few
weeks a year, or will it be a main
residence for spending all or part of
the year?
A holiday home means you probably not being there
for large parts of the year. Therefore you will need a
property that doesn’t require a great deal of attention
on a regular basis. The last thing you want is for your
holiday home to become a burden that interferes with
your life. Apartments or villas on urbanisations are the
best option in this respect, as security and maintenance
tend to be easier for these types of properties. Perhaps
look for something with good rental potential to earn
income and avoid leaving the property empty most
of the year.
A more permanent home requires greater thought.
You plan to spend large parts of the year living there,
so you need to be somewhere that offers you the
best quality of life. This means considering the local
infrastructure and facilities, community, security,
accessibility, and so on.
What do the family need?
Generally speaking, if you have young or teenage
kids, your life will be a lot easier if you a buy property
that allows them to have fun without you having
to drive them everywhere. Residential estates that
attract families are ideal, as both parents and kids are
happy. On the other hand if you are relocating on a
permanent basis then you need to think about issues
such as schools and healthcare.
What sized property do you need?
Be realistic about the size of property you need. Don’t
buy a property on the assumption that extended
family will always be staying, as you may end up
with something too big for you. Focus on your own
requirements.
What kind of property do you need?
Different kinds of property (for example new build/
www.freedom4sale.com/lanzarote
and defining your needs...
resale, villa/apartment, on a complex or not) suit
different needs, and it is important that you are aware
of their relative merits before deciding what to buy.
This is one of the most important questions that you
need to answer.
How much effort do you want to put
into maintaining the property?
Essentially it is just the beginning when you complete
the purchase. Property in Spain, as anywhere, doesn’t
look after itself, and maintaining property in a foreign
country can be more of a challenge than at home.
Depending upon what you buy, you may find yourself
having to deal with local government, local builders,
cleaners, plumbers, gardeners, and what have you, and
all in Spanish.
What sort of maintenance budget do
you have?
You need to be clear about the maintenance costs
that different properties involve, and budget for them
before you purchase. Otherwise you may find yourself
owning a property that is too expensive for you to
maintain. A good agent will give you a guide to the
maintenance costs of different properties.
Which Island best suits your needs?
Which of the Canary Islands to buy on is another
important question. You may have personal reasons
for choosing one particular Island, such as family
or friends located there. However bear in mind that
each Island has a different set of advantages and
disadvantages, and it helps to know which one best
suits your needs. The vast majority of real estate agents
are locally focused which means they know very little
about the other Islands, and will be anxious to sell you
a property in their area. If you have no strong personal
reasons for choosing one area, then it is in your interest
to know about the merits of all the Islands. You may be
surprised to find that some of the lesser-known areas
are the most attractive. The only way to find out is to
visit and research the area. Fairly easily done here as
ferry & short flights are very frequent and cost effective.
How important is accessibility?
Convenient access will be important to you if you wish
to travel regularly. As an expatriate you will probably
find that you need good access, both for you and for
the convenience of family and friends who may wish to
visit. Good access means frequent flights and short car
distance from the airport. It could also mean proximity
to a ferry terminal.
What kind of community would you
like to be living in?
Some people may prefer the solitude that comes with a
house in the lava fields far from anywhere. Others may
like the idea of a vibrant international community that
you find on many of the best residential estates. Think
about what you would like from a social life if you were
going to spend a lot of time in Spain.
What will you need from the property
in 5 years time? In 10 years?
Never forget how quickly the years pass by. If you are
buying a property for the long term then bear in mind
how it will suit your needs as they change over time.
As always a good agent should be able to advise you
on this matter.
What level of security do you need?
Holiday homes make for easy targets. So if you are
buying a property that will stand empty for much of
the year it makes sense to look for an environment with
extra security measures such as a gated urbanisation.
Is investment a primary or secondary
concern?
Many people have bought Spanish property in recent
years primarily as an investment, both in terms of
rental income and capital gains. If you are buying as
an investment then you have to focus on the type of
property with the greatest potential in these terms.
A good property agent will be able to advise you on
the factors that drive property investment returns,
along with the tools to help you analyse them. If you
are buying primarily as property for living in and
enjoying, then you will find you have a wider choice
of properties.
Freedom for Sale 9
Playa Blanca
Costa Teguise
Matagorda
2
1
1
1
2
1
1
51
70
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.
This renovated apartment is just a couple of
minutes walk from the beach at Playa Bastian,
and minutes from shops, restaurants, bars, banks
etc.
Situated in a tranquil cul-de-sac, just 5 minutes
from the beaches, shops, bars and restaurants
Fully furnished, stylish and modern interior.
Private terrace with stunning views over the sea
Web ref: 144857
Price: e85,000
Web ref: 87593
Estate Agent: Location Lanzarote
Price: e95,000
Web ref: 198829
Price: e99,950
Puerto del Carmen
Playa Blanca
Playa Blanca
2
2
1
1
1
1
1
1
1
55
65
Top floor fully refurbished 2 bed apartment on
a well kept Canarian style complex. Fully fitted
kitchen.The complex has a very nice pool area
and easy parking.
Beautiful, detached 2 bed 1 bath bungalow
situated in a quiet complex with large communal
swimming pool. Sold completely furnished and
equipped
Bargain! A well maintained semi-detached
bungalow on a complex with pool and mature
gardens, only a 2 minute walk from Playa
Flamingo beach and 5 minutes from the centre
Web ref: 171695
Price: e115,000
Web ref: 238166
Price: e120,000
Web ref: 238353
Estate Agent: Freedom Properties
Price: e125,000
Costa Teguise
Playa Blanca
Charco del Palo
2
2
2
2
1
2
1
1
55
90
90
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 with all its amenities, and beaches
Newly refurbished. This stylish 2 bedroom
bungalow is situated on a complex with
communal pool, large garden areas and all
amenities nearby.
Excellent price for a 2-bedroom townhouse
located in a small private complex of only 12
properties in Charco del Palo. Directly infront of
the pool
Web ref: 149335
Price: e129,000
Web ref: 28549
Price: e150,000
Web ref: 238171
Estate Agent: 3D Property Finder
Price: e150,000
Guime
Costa Teguise
Guime
3
3
4
3
3
2
1
1
117
265
NEWLY REFORMED VILLA, WITH GREAT VIEWS
South facing, excellent views, has been totally
renovated and is presented. It is a bright property
with generously proportioned rooms.
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.
Spacious family home on a large plot, in a quiet
location. In need of some renovation this property
has fantastic outdoor living areas including
terrace areas ,large pool area,fantastic sea views.
Web ref: 170423
Price: e175,000
Web ref: 197345
Price: e190,000
Web ref: 238563
Price: e199,000
Freedom for Sale 10www.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
Reduc
Ref 1880– Puerto del Carmen.
One bedroom apartment 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.
Reduced from e109.000 to e63.000
Ref 1799– Playa Blanca.
This two bedroom apartment with an open plan
layout is ideal as a first home or as a holiday
home for anyone that is looking to get onto
the property ladder in this beautiful Island. The
bedrooms are large and it has a front terrace and
air conditioning. Price e85.000
]
Front
Ref 1950– Puerto del Carmen.
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.
mplex
line co
Ref 1933- Matagorda- Puerto del
Carmen. Large ground floor apartment in
a very sought after complex. 2 decent size
bedrooms and a large lounge. The complex is
very well looked after and the pool area is simply
magnificent. Front line to the sea and from it you
step onto the promenade. Price e139.000
BUNGALOWS
in
Barga
Ref. 2067- Playa Blanca.
Ref 2060- Puerto del Carmen.
Price e120.000
Corner plot of a popular yet peaceful complex,
Minutes walk from beach. Recently renovated.
Good size bedroom, open living, dining, kitchen
area and a lovely modern bathroom. The complex
is well maintained, with a large shared pool.
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.
Ref 2066- Costa Teguise.
A beautifully located property close to the golf
course in the very well known family resort of Costa
Teguise. Lovely well looked after duplex with both
front & back terraces as well as an off road parking,
3 communal pools, a paddle & regular tennis courts,
this property is ideal for families.Price e140.000
Ref 2070- Costa Teguise.
3 bed bungalow in a very sought after area.
Rooms lead off from a traditional Canarian
courtyard with a staircase leading to an extensive
roof terrace with sea views. The master bedroom
is en-suite with patio doors leading on to the pool
and terrace. Fantastic history for holiday rentals.
Price e395.000
VILLAS
ed
ed
ee
Reduc
Reduc
Must s
Ref 1902- Tias.
Ref 2068- Uga.
Ref 2026- Playa Blanca.
Price e240.000
Price e395.000
Semi-detached villa in tranquil location with panoramic
sea and mountain views. 2/3 bedrooms, 2 bathrooms
a large lounge, separate kitchen and dining room. The
villa is set in beautiful mature gardens and there is also
a garage as well as a plot of land that can be utilised.
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
Restored finca that dates back to the 1800’s. 4 spacious
bedrooms, 3 bathrooms and modern well equipped
kitchen, a period dining room and massive 20 foot
lounge with enormous fireplace. There´s a 10 x 5m
heated pool, large garden and numerous terraces.
Outside spaces are completely secluded and private.
A beautifully maintained property in a quiet area
of Playa Blanca. 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 ideal for holiday rentals.
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.
For more information on any property please visit our website www.cactusconsulting.com
Our EXPERTISE is YOUR GUARANTEE
Freedom for Sale 11
Understanding Costs
...before you buy a property abroad, are you fully aware
Before you buy a property abroad, are
you fully aware of the costs associated
with purchasing it, plus the ongoing
costs and taxes that you need to cover
every year? Don’t assume that either
or both of these will be lower than in
the UK – second homes are viewed
as a luxury in tough times, and ideal
sources of extra revenue in the form of
taxation. Here are the major areas to
consider.
considering if you can afford to make an offer on a
property.
Buying costs
Running costs
Purchase costs can add up to around 10 per cent of
the sales price of a property, depending on where you
buy, so you really need to understand the market you
are buying into.
There are also ongoing or running costs on second
homes – something that is often underestimated and
the reason that owners end up not being able to afford
to keep a property or are forced to rent out their homes.
If you’re buying a €200,000 property in the Canaries,
for example, then you should really automatically
add €20,000 (or 10 per cent) to any sale price when
In the past couple of years, second homes have been
targeted by Eurozone governments as a good source of
extra income; this has been seen in Spain and France,
Buying costs involve a combination of transfer tax or
stamp duty, notary/land registry costs, legal fees plus
any mortgage arrangement fees.
If you’re buying new-build there’s the VAT and this has
been subject to change in the past two years in Spain,
to take one example, so make sure you know what the
most up-to-date rate might be.
especially.
You need to consider the yearly taxation you might
have to pay as a non-resident (or second home) owner
as well as community fees, insurance, and mortgage
costs.
In Spain there’s an annual property tax called IBI which
the amount varies depending on area and land value.
With this in mind, do you understand the difference
between being resident in a country and being taxresident there? This has implications for inheritance
tax.
In fact, it can be worthwhile using an overseas lawyer
or accountant – or in Spain, a gestor (fiscal accountant)
– once a year to ensure you pay the right tax - at the
right time, or admin charges and fines can occur. This
is especially relevant since Spain introduced a new tax
on property owners’ worldwide assets over €50,000 in
2013.
of the costs associated with purchasing it...
If you rent out your property, you’ll need to pay
income tax on rental income locally plus there’s Capital
Gains Tax (CGT): a tax levied on the gain between the
purchase and sale price of your property.
Insurance
Mortgages
Borrowing criteria have tightened up since the
downturn and frequently we hear of sales falling
through at the eleventh hour because buyers cannot
secure their financing.
Holiday homes are often left unoccupied for long
periods, or they are rented out to third parties so
insurance needs to be factored in.
Avoid much wasted time all round by doing your
research and consulting lenders before you start
seriously property hunting.
Beware of local peculiarities too: subsidence cover isn’t
available in every European country .
This will also show agents and vendors that you are a
serious buyer and can move fast to complete a sale so
will also give you an edge.
Typical premiums might be between 250-350 euros for
a two or three-bed property in Spain
Always borrow in the same currency as the source of
funds you plan to use to cover the repayments.
Anyone buying in a community or development should
check what their communal insurance includes. It may
be included in their community fees yet that probably
only covers the communal parts of the development.
So, if you’re going to be paying with a UK salary, your
mortgage should be in sterling, but if you plan to rent
out your property in the Canaries, you could be better
off with a Euro mortgage.
It is likely your chosen lender will require proof of
deposit from you, including how the funds were
accumulated (eg by savings, inheritance or sale of
another property).
Banks’ affordability criteria have also got much stricter
in the last few years and lending varies considerably
between countries.
Whatever you might have seen advertised, most lenders
in Spain will typically offer foreign buyers a maximum
loan to value (LTV) of 50 per cent.
Here, there are currently some good long-term fixed
rate deals available, but the LTV available can vary
according to what type of property you’re trying to
buy, with old, rural properties being seen as more of a
liability by lenders.
Freedom for Sale 13
Playa Blanca
Costa Teguise
Puerto del Carmen
2
3
2
2
2
1
1
1
90
74
123
MASSIVE REDUCTION. A delightful bungalow
in a quiet and private location, ideal as a holiday
home or investment property. Furnished to a very
good standard and will be sold fully furnished
Excellent value for a spacious, modern family
home.
Originally built in 2003, this property is modern,
bright and spacious.
This luxury 2-bed top floor apartment is the most
elevated apartment on the most sought after
small, well managed, apartment complex with the
best position on the island. Unrestricted sea view
Web ref: 128159
Price: e199,950
Web ref: 238146
Price: e200,000
Web ref: 174528
Price: e208,000
Yaiza
Playa Blanca
Playa Blanca
3
3
3
3
2
2
1
1
1
250
120
Well priced, immaculate family home situated in
a central part in the village of Yaiza. Split over 3
levels, this modern property is of a large size with
intelligent spaces.
A well presented villa in Costa Papagayo, only
a 15 minute walk to Dorada Beach and town
centre. This semi-detached property has a private
south facing garden complete with heated pool
Beautiful semi-detached villa situated in the Costa
Papagayo area - just 10 minutes walk from Playa
Dorada and the town centre. 500m plot with
garden and terrace with heated pool. Parking.
Web ref: 237921
Price: e225,000
Web ref: 198682
Estate Agent: Optima Estate
Price: e226,000
Web ref: 149731
Price: e229,000
Playa Blanca
Playa Blanca
Costa Teguise
2
3
2
2
3
1
1
1
1
78
85
103
This Las Coloradas villa would be ideal as a
holiday home or as a rental property and is
already part of a successful rental programme
that could be taken over by the new owner
New villa with private garden, sunny and quiet,
just 10 minutes walk from Playa Dorada beach. It
is located in the urbanization Costa Papagayo, in
the central area of Playa Blanca.
The complex Nautilus is considered one of towns
finest. Thanks to excellent maintenance the
building and gardens are in impeccable condition.
The sea and the beach are directly in front
Web ref: 190425
Price: e245,000
Web ref: 197342
Price: e260,000
Web ref: 235702
Price: e260,000
Playa Blanca
Playa Blanca
Conil
2
4
3
2
3
4
1
1
1
80
239
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.
A stunning detached villa in the Parque del Rey
development, close to town centre. Spacious
living areas, this villa could be the perfect family
home or a high-end rental property.
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: 90480
Price: e275,000
Web ref: 149875
Price: e290,000
Web ref: 177610
Price: e299,000
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
3D
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 AB317
Price: 227.000 €
REF AB371
Prices from: 173.000 €
REF AB376 Price: 150.000 €
Lovely semi-detached 3 bed, 3 bath villa with private pool situated
3 bed villas with private pools, situated in a quite spot in Playa
Very well priced detached 3 bed 2 bath bungalow situated in a quiet
in a quiet complex, located very close to the coast. Boasts good sea
Blanca. Close to local school, & not too far from main town
complex with large communal swimming pool. Sold completely fur-
views & is just a stones throw from the nearest beaches. Shops,
centre. Rooms of a generous size, including private gardens &
nished & equipped. Property of decent size with generous plot, large
restaurants & amenities only a short 10 minute walk away. Well
terraced area out side property. Completely decorated, equipped
terraces, private landscaped gardens, & lovely views, at their best from
furnished equipped & decorated. Good size pool with nice terraces.
& furnished. Ring now for further details.
the roof terrace.
REF AB314 Price: 280.000 €
REF AB295 Price: 220.000 €
REF AB226 Price: 165.000 €
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.
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.
Detached two bed, two bath villa for sale in sought out area of Las
Coloradas. Quiet area close to the beaches & amenities & just a short walk
to exclusive sporting port, Marina Rubicon. Fully furnished & equipped the
villa is of a decent size surround by a generous size plot & nice gardens.
Freedom for Sale 15
Who does what in the Property in the property buying process?
...Good agents will have your best interests at heart and know the local market thoroughly
Agents exist to sell property for a
client, whether a private vendor or a
developer and in return, they receive
a commission. That commission will
vary, depending on the country and
whether the property is resale or newbuild.
In the UK, estate agents perform a relatively
straightforward hand-holding role, but when you’re
buying abroad they need to play a far more significant
role that encompasses tour guide, chauffeur, translator
and general advisor.
Resales usually involve far more work for the agent.
The commissions that agents abroad command are
also higher. In the Canaries, for example, the average
commission is 5 per cent.
So when choosing an agent you are going to need to
know exactly what they are going to do for you
– a good one should indicate what their role is and
where their obligations stop.
cting for the vendor even though they are working
closely with you, the purchaser.
n’t make the mistake of assuming that because an agent
is receiving a commission, it is their responsibility
if a problem arises with the property. Your contract
to buy is with the vendor, in some cases a developer,
with the agent acting as middleman. A good agent will
help you with issues and will attempt to resolve any
problems for you, but they are there to facilitate the
purchase.
A good agent should have carried out their own due
diligence before agreeing to sell a particular property
so they are comfortable the buyer is getting what they
see. A bad one will leave the buyer (or their solicitor)
to find out whether the property is legal or legitimately
owned. Though this only happens in a relatively small
number of cases, it is essential these checks are made
on your behalf by an expert that you have paid to act
on your behalf, namely an independent lawyer
Good agents will have your best interests at heart
and know the local market thoroughly enough to
ensure you a trouble-free purchase; clearly it is in their
interests for the sale to go through so they earn their
commission.
You should test their knowledge by quizzing them
about the local market and other factors such as local
taxes, crime rates, schools, transport, etc. They should
be happy to spend time helping you with all of this.
You will often have the choice of dealing with a
UK-based company selling abroad, or one locally
based, but you’ll need to decide who you feel more
comfortable with, and who you trust.
To help the sale along, an agent may offer other
services such as obtaining tax numbers, opening a
bank account or introducing the buyer to mortgage
advisors, but their basic role is to sell a property. They
are not there to give legal advice or act for the buyer –
that is where your independent lawyer comes in.
Bear in mind that agents are not always regulated
or accredited in any way – this differs hugely from
country to country. In Spain you do not need a real
estate licence.
enough to ensure you a trouble-free purchase...
The role of the developer
The developer owns the land, obtains the relevant
building licenses and planning permission and then
builds the project. That’s the ideal. When you make
a purchase, this is who you are buying your property
from and who ultimately is responsible for delivering
exactly what appears in the contract.
The first thing to point out is that you can buy a new
home direct from the developer through their on-site
sales office or wherever their own sales team have offices
– but you can also buy their properties via agents.
Buying direct from the developer can sometimes save
you a mark-up, so it is worth researching this as an
option if you’ve got a particular development in mind.
But an agent can often make the purchase process
easier.
When buying a new or off-plan property, buyers (or
their lawyers) should question everything the developer
claims. Are all the building licenses in place? How
are they financing the project? Are the buyer’s stage
payments secured by bank guarantees?
One obvious question to ask is has the developer
completed previous projects successfully? If they are
stating a return on your investment and say they’ve sold
300 properties, returns are 10 per cent and they’ll pay
back in a year, ask them to prove everything.
Clearly the financial hiatus of the last five years has
resulted in stalled projects and unfinished buildings
leaving some purchasers exposed, with some countries
effected more than others. You need to know what will
happen in the worst-case scenario and be comfortable
that you have mitigated as much risk as possible.
Finding a Property Online
For many people, house-hunting abroad now starts
online. It’s a great way to compare what’s available from
the comfort of your home. Such portals are advertising
windows for agents, giving them access to a far larger
number of potential buyers.
Agents will normally pay to advertise on the site and
will still get their commission from selling the property
that way. It’s simply another route to reach buyers but
operates in the same way as a newspaper or magazine
advert, or stand at a property exhibition – it is you,
the buyer, being introduced to a property or region via
an agent.
Use property portals and other online resources to
compare prices, learn about areas, and to help find the
most relevant agents for you in your chosen area(s)
prior to first hand research yourself.
Rental Guarantees
If there is a rental guarantee scheme in place then you
need to question the figures and make sure you are
not over-paying for the property and having your own
money drip fed back to you.
Genuine rental guarantees are only as good as the
organisation offering them: if the actual rentals don’t
come in at the level expected, will that company be able
to function and pay you the difference?
There are many solid schemes out there but you need
to ask the right questions and check things out for
yourself. If there’s a hotel/tourist operator contract
already up and running on the site, you will have some
concrete evidence of rental demand.
Freedom for Sale 17
Playa Blanca
Playa Blanca
Los Mojones
4
4
3
2
3
2
1
1
180
80
Stunning villa in Los Calamares, close to town
centre. Contemporary style, beautifully furnished.
Fantastic investment, established holiday lettings
programme in place.
A modern, large and versatile villa situated in a
quiet cul-de-sac in Costa Papagayo, a 12 minutes
walk to the fab Playa Dorada and 20 minust walk
to the town centre with its bars and restaurants
Situated in elevated position and with a discrete
entrance this small but extremelly charming villa
consist of : living-dining room with doors that
open to the large shaded terrace
Web ref: 229771
Price: e338,000
Web ref: 237909
Price: e348,000
Web ref: 196781
Price: e349,500
Tahiche
Playa Blanca
Puerto del Carmen
6
4
0
3
3
1
1
1
1
245
125
Originally built in 1998, this property is in
excellent condition. There are several living areas
catering for the large family that this home can
comfortably accommodate.
Semi-detached villa with sea views situated close
to the Flamingo Beach and only 5 minutes from
the centre of Playa Blanca. Covered alfresco
dining area, south-facing terrace and pool.
The complex comes complete with a lovely pool
area with terrace and pool bar with reception
area. Situated in the lovely Old Town area in a
quiet area with no through traffic.
Web ref: 151839
Price: e385,000
Web ref: 98557
Price: e395,000
Web ref: 162982
Price: e400,000
Conil
Famara
Nazaret
5
6
7
3
5
4
1
1
220
A beautiful finca styled villa for sale with fantastic
sea views. Plus two bedroom apartment is self
contained with its own entrance.
Garage and a private swimming pool.
NEW and Rarely Available, absolute beachfront
Famara bungalow is located on one of the most
sought-after streets on the island. It is almost
impossible to be closer to the beach and ocean
Large, light and airy villa set high on the
mountainside in Nazaret. There are outstanding
views from nearly every room. Separate 2
bedroom apartment plus 2 garages. Private pool
Web ref: 237876
Price: e450,000
Web ref: 238540
Price: e520,000
Web ref: 235595
Price: e550,000
Puerto Calero
Tias
Charco del Palo
4
9
0
2
5
6
1
1
185
550
635
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.
The house sits on a plot of more than 5,000
square metres made up of three individual plots
with beautiful gardens, covered terraces, a natural
cave bar, fantastic views.
Commercial Centre in the heart of Charco de Palo.
It comprises of 8 units and benefits from being
the only Commercial Centre in Charco de Palo.
The businesses serve local and holidaying public.
Web ref: 237681
Price: e595,000
Web ref: 197287
Price: e920,000
Web ref: 164781
Price: e1,600,000
Playa Flamingo, Playa Blanca
Carlos Park, Playa Blanca
Las Terracitas, Playa Blanca
Los Claveles, Playa Blanca
Puerto Chico, Playa Blanca
This 1 bedroom, 1 bathroom bungalow
is situated on Playa Flamingo, which is a
front-line holiday village of bungalows
direct on the Playa Flamingo Beach. The
family friendly complex is gated. It is
located less than a minute’s walk to the
beach. The apartment itself was refurbished to a very high standard.
This semi-detached property with independent
annex and private access offers tremendous
value for money. The main part of the house
consists of two double bedrooms with fitted
wardrobes (the master having an en-suite
bathroom and direct access to the terrace),
an additional bathroom with a drying area,
a spacious lounge with a vaulted ceiling and
a compact, fully equipped kitchen. From the
kitchen is access to the al fresco dining area,
the solana and a large storage facility. The
terrace is south facing with views to the ocean
and Fuerteventura.
Detached bungalow only a five minute walk to
Playa Flamingo and the harbour, standing on a
large plot with beautiful gardens. The community is gated with security fencing and benefits
from a communal pool. This south facing
property has secure, off-road parking, a terrace
with bbq and sufficient space to accommodate
a private pool. The house has three double
bedrooms, all with fitted wardrobes (one with
an en-suite bathroom) an additional bathroom, a separate kitchen and a spacious, light
and airy lounge with access to the terrace.
ABSOLUTE BARGAIN A superb detached villa in
a quiet and private area of Playa Blanca only a
short walk from the beach at Playa Flamingo
and available for a fantastic price. The villa
briefly comprises 5 bedrooms, 3 bathrooms,
separate kitchen, lounge/dining area, large
garden and terrace area with a heated pool.
The property will be sold fully furnished. It
has an excellent rental history and plenty of
forward bookings.
REDUCED IN PRICE: On a beautiful front
line complex, only a few minutes walk to
the centre of the town and Playa Flamingo.
Bungalow has stunning views across to
Fuerteventura. Two double bedrooms, one
with fitted wardrobes, two bathrooms an
open plan kitchen and lounge with French
windows opening onto a large south facing
terrace. Furnished and refurbished to a high
standard sold with excellent forward bookings. The complex has a touristic licence,
reception, heated pool, mature gardens and
direct access to the promenade.
Beds: 1
Baths: 1
Beds: 2
Baths: 2
Beds: 3
Baths: 2
Beds: 5
Baths: 3
Beds: 2
Baths: 2
Price:
e172,500
Price:
e216,000
Live your dream
in the Canary Islands
• Property magazine
• Web site - freedom4sale.com
• Free advice
Price:
e235,000
Price:
e375,000
Price:
e300,000
w w w. g r u p o e s t u p e n d o . c o m
Business For Sale in Arrieta:
Fabulous pizza takeaway in Arrieta. This busy business has
an excellent turnover with good profits offering takeaway
Homemade Pizzas, crepes, kebabs and lasagnes to locals
as well as holidaymakers. The premises are fully equipped
with a double pizza oven, 2 gas crepe rings, fridges, freezer,
dual sink and preparation areas. There is a store room
with extractor fan so you could increase the range of foods
offered by extending the kitchen. Price 20,500 euros
Apartment For Sale in Costa Teguise:
First floor apartment in a small community close to Playa
Bastian beach. The property has a double bedroom with
fitted wardrobes. Shower room. The kitchen is of a modern
open design with a breakfast bar separating it from the
lounge, which has been extended to incorporate the terrace
which has a sofa bed, giving more living space. The windows
have shutters to provide shade as this apartment is in a
sunny position with great sea views. Price 65,000 euros
Bungalow For Sale in La Concha:
Range of two bedroom two bathroom bungalow villas on
this beach front community. Fully furnished with fully fitted
kitchens and marble tiled bathrooms with Jacuzzi style baths
and ensuite shower room. Built in BBQ situated on the patio
and many have room to build an outside Jacuzzi or a small
swimming pool. There is WIFI access and satellite television.
The resort offers a secure environment with its electric gated
entrances and night security guard. Price 115,000 euros
Apartment For Sale in Costa Teguise:
Reduced price 2 bed, 2 bath apartment on the popular
Playa Bastian complex. Direct access to a heated
communal pool. Open plan living / kitchen with American
style fully fitted kitchen. The living area has large
aluminium window with side opening overlooking the pool,
it is comfortably furnished with two attractive wicker style
sofas, television, dvd, video, dining table and chairs and
sideboard. Outside there is a good size sunny terrace with
wall surround and lockable aluminium gate with views
over the communal pool. Price 160,000 euros
Costa Teguise Office
Coronas Playa Hotel, Avenida del Mar 26, 35508
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.
Phone:
Tel + 34 928 346 105
Sue: 0034 608 928 550 [email protected]
Chris: 0034 608 608 109 [email protected]
Freedom for Sale 19
[TENERIFE SECTION]
Los Cristianos
San Isidro
San Isidro
0
3
2
1
2
1
1
35
95
86
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.
3 bedroom apartment that is very spacious and has
2 bathrooms, good-size kitchen, lounge-diner and a
balcony. Sold with garage parking space. Situated on
the 2nd floor and there is a lift in the building.
A very spacious apartment that consists of 2 bedrooms,
1 bathroom, lounge, fitted kitchen and a very long
terrace that connects the lounge and the kitchen. In
good condition. The building has a lift. Central location.
Web ref: 237591
Estate Agent: Tenerife Property Shop
Price: 59,950e
Web ref: 238374
Estate Agent: The Property Gallery
Price: 67,800e
Web ref: 238375
Price: 70,000e
Las Galletas
Adeje
San Isidro
2
2
3
1
1
3
72
61
113
Edif. Villamar only a short walk away from the seafront
is a ground floor apartment. The apartment consists of
2 bedrooms, 1 bathroom with a bidet, lounge with an
open plan kitchen, and an interior patio. Built 1995.
In the centre of town in Edificio Maruca is a 2 bedroom
apartment that has 1 bathroom, lounge, fitted kitchen,
and a 11 m2 balcony. Private store room in the
basement. Built-in wardrobes and the building has a lift
The apartment is located on the 1st floor and consists
of 3 bedrooms, 3 bathrooms, large lounge. There are
plenty of shops, bars, restaurants and amenities in the
town
Web ref: 238378
Price: 71,700e
Web ref: 238384
Price: 85,000e
Web ref: 238385
Price: 85,600e
Parque de la Reina
Golf del Sur
Los Cristianos
2
1
2
2
1
2
1
1
Second floor apartment with a terrace that overlooks
the gardens. 2 bedrooms, 2 bathrooms, lounge,
separate kitchen. It is also sold with a garage parking
space and a store room. The building has a lift.
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
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.
Web ref: 238386
Price: 85,800e
Web ref: 237320
Price: 89,000e
Web ref: 236784
Price: 92,888e
Golf del Sur
Valle San Lorenzo
Tijoco Bajo
36
80
2
4
4
2
2
5
1
1
1
85
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!
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.
Web ref: 237076
Price: 135,000e
Web ref: 236946
Price: 350,000e
Web ref: 236914
Price: 775,000e
Freedom for Sale 20www.freedom4sale.com/tenerife
[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
Skype: tenerife.property
e-mail: [email protected]
BED X0,
BATH X1.
REF: A340
OCEAN VIEW, SAN EUGENIO ALTO.
Large studio on a ground floor sold fully furnished, full
bathroom, open style kitchen fully equipped, lounge area,
large terrace. Community fees per month e42 incl. Water.
Views to the sea and La Gomera.
PRICE: 70.000 EUROS
BED X2,
BATH X2.
REF: C1578
BED X1,
BATH X1.
REF: B1485
LAGUNA PARK II TORVISCAS ALTO.
Complex within walking distance to the beaches & plenty of
facilities on-site. Apartment in upper section of the complex
for sale; sea views.
Well presented 2 / 3 bedroom apartment. Open plan loungedining area with an American style kitchen and off the lounge
is a terrace with views towards the sea. Roof terrace, garage
parking + store room. Sold furnished.
PRICE: 168.000 EUROS
PRICE: 85.000 EUROS
BED X1,
BATH X1.
REF: B1483
LAS FLORES DE MARIA, TIJOCO BAJO.
BED X4,
BATH X3.
REF: D983
BED X1,
BATH X1.
REF: B1476
MAR Y SOL, LOS CRISTIANOS.
MIRADOR DEL SUR, SAN EUGENIO ALTO.
PANORAMA, SAN EUGENIO.
handicap oriented complex with 3 swimming pool with jets
& heated, medical service, restaurant, bar, etc. Freshly renovated one bedroom apartment sold part furnished. The apartment enjoys morning sun.
Large corner semi-detached luxury villa with a large terrace
on the main living area with the private pool at the back of the
terrace and another good sized terrace of the master bedroom,
double garage. Fantastic panoramic sea views.
Totally refurbished on 42 m2 int. + 6 m2 terrace, facing the sea
and the Island of La Gomera. Sold fully furnished (not been
used) Community fees per month e175 including water/electric.
Very central popular complex.
REDUCED PRICE: 430.000 EUROS
BED X1,
BATH X1.
REF: B1451
BED X2,
BATH X1.
REF: C1567
BED X3,
BATH X2.
REF: D1427
LAGOS DE FAÑABE, FAÑABE.
PALO BLANCO, SAN EUGENIO BAJO.
PALM RIDGE, AMARILLA GOLF.
Four X1 bedroom apartments available. 1st and 2nd floor,
views to the garden and pool. Full bathroom and a fully
equipped kitchen. Lounge/dining area. All the apartments
have been totally refurbished. Very central popular
complex located in a front line position, next to the beach.
Bungalow in good condition & with a terrace surrounding
it. It has 2 bedrooms, 1 bathroom, lounge, and an
American style kitchen with a breakfast bar. The property is
sold furnished. Communal swimming pool + the complex
is gated.
Luxury spacious apartment comprising large through
lounge / dining room, modern fully fitted kitchen, utility
room, lovely sun room, 3 double bedrooms, and 2 full
bathrooms. Good sized garden at the back overlooking
the golf course + front garden. Garage. Communal pool.
Bank Repossessions
Special Offers
BED X2,
BATH X1.
REF: C1475
GUARGACHO.
First floor apartment located in a modern well-kept building.
The apartment consists of 2 bedrooms, 1 bathroom, lounge,
kitchen and a terrace. In need of repairs.
PRICE 43.400 EUROS
Further
Furtherinformation
informationcall
call0034
0034928
928177
177538
538
BED X2,
BATH X1.
REF: C1574
SAN ISIDRO.
For sale in an area with modern style buildings, this one
constructed in 2005. There is a lift in the building and the
property is sold with a parking space in the garage. It is in
good condition and gets plenty of natural light. The exterior
carpentry work is in aluminum, double glazed windows &
ceramic tiled floors.
PRICE: 50.500 EUROS
BED X3,
BATH X2.
REF: 80221
LOS CARDONES
Town house that consists of 3 bedrooms with built-in wardrobes, 2 bathrooms, lounge, separate fitted modern style
kitchen, good-size terrace with a built-in barbeque, and a
private garage. Good size family home. Built 2005
PRICE: 85.000 EUROS
Freedom for Sale 21
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 21
[TENERIFE SECTION]
Foreign exchange – necessary evil or
unnecessary risk?
...
why sitting it out and hoping is a risky business when the market is not
where you need it
...
2013 experienced a multitude of
economic turning points, and rarely
did the currency markets get away
unscathed.
Foreign exchange price action was largely driven by
activities in the USA. The ‘will they / won’t they’
taper story relating to the Federal Reserve’s strategy
on scaling down its stimulus package rumbled
on. The anticipated start date of September was
passed and was followed instead by the disastrous
government shutdown and the raising of the debt
ceiling. The markets were given an early Christmas
present when Ben Bernanke finally announced
the beginning of the end of quantitative easing in
December.
In the UK the year began with a dark cloud hanging
over the economy as concerns over a triple dip
recession took hold. These proved unfounded and
having posted a positive Q1 GDP figure the Pound
never looked back, making gains across the board.
In Europe, a lot of 2012’s problems continued in
to 2013 with most of the continent’s major lights
struggling, with the exception of Germany. The
central bank was forced to cut interest rates to a
record low 0.25% and there is still the prospect of
more monetary easing.
it comes to making currency transactions it would
The unfortunate issue for currency hedgers was that
much of the news was released against the grain
and when the market least expected it. This left the
unprepared property purchaser chasing the market
rather than leading it, with many caught out at the
wrong end of the range.
But best price is regularly confused with best spread,
Hitting the top of the market often occurs by
luck rather than judgement, which is why sitting
it out and hoping is a risky business when the
market is not where you need it. Strategic currency
management is imperative to anyone making
overseas transfers whether large or small. Nobody is
exactly the same; everyone has different targets and
timescales to navigate.
make sense to shop around for the best rate. This is
an approach many have taken, and on the face of it
rightly so. If you buy from any market, surely you
want the best price?
and the key to effective currency management
is to protect from loss, rather than gamble for a
gain.
Understanding short, medium and long
term requirements means that careful product
selection, along with well educated timing and
execution, allows an individual to reduce their risk
to fluctuations.
2014 holds little more in the way of certainty.
More and more frequently, people are seeking the
specialist services of dedicated brokers to manage
their own currency requirements. Proper foreign
exchange strategy has proved more often than not
to add real value to any overseas property purchase.
Foreign exchange is the most liquid and possibly
the most volatile market in the world, and when
Thanks to Nat Davison at Global Reach Partners.
Freedom for Sale 22www.freedom4sale.com/tenerife
TENERIFE PROPERTY SHOP
[TENERIFE SECTION]
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]
PEBBLE BEACH, AMARILLA GOLF
AMG00351
DUQUESA DEL MAR – GOLF DEL SUR
GOLF01258
Immaculate duplex apartment with stunning views, of the golf
course, the marina, the sea, the red rock and the mountains,
whats more is that you have 2 separate terraces from which
to take all of the above in. The lower level consists of WC, fully
equipped kitchen, spacious lounge and a patio that is ideal for
dining al fresco. Upstairs there is the bathroom and bedroom and
a terrace which provides the perfect sunbathing spot. There is a
real homely feel about this unit and you get the sense that it has been loved. Set in a well maintained complex complete
with heated pools, satellite TV and some beautiful manicured gardens. All local amenities are within walking distance,
so whether it is a cheeky Mojito you seek or a well stocked supermarket, fear not all this and more is close by. Sold fully
furnished and priced to sell, l this must be seen. Price £99.950
Fantastic value. 2 bedroom, 2 bathroom apartment based in an extremely well maintained, secure, development. The
property is blessed with outdoor space ideal for either people watching or marvelling at the deep blue sea. Inside you
will find a large master bedroom complete with en-suite bathroom and terrace. The lounge/diner is adjacent to the fully
equipped kitchen and the 2nd bedroom is next to the shower room. Sold furnished and with a garage and storeroom, it is
the perfect scenario for anyone looking to obtain a “lock up and go” type apartment in Tenerife. The complex itself boasts
a communal pool which is heated and there lifts meaning everywhere is accessible for anyone with walking difficulties.
Local transport links, bars, restaurants and the promenade walk are a few minute´s walk away! Price e159.995
THE PALMS, GOLF DEL SUR
GOLF01243
AUGUSTA PARK, AMARILLA GOLF
AMG00349
Spacious 2 bedroom bungalow which is perfect for holidaying or living in. This property is set in a development which is
something of a rarity in the modern day, 1 level, lush tropical gardens, 4 swimming pools, pool bar/resturant, and a nice
atmosphere, make for a great place to enjoy the Tenerife sunshine. The bungalow consists of 2 good size bedrooms, 1
bathroom, 1 WC and a large lounge, kitchen and dining area. There are 3 terraces in total, one for the morning sun and
one for the afternoon and evening sun and even a little roof terrace for all day sun. Local amenities, public transport, tennis courts and golf courses are all on your doorstep and the main commercial centre is a 10 minute walk away. Sold fully
furnished and ready to move into. Price £135.000
A top floor 2 bedroom apartment that has light flooding in from every angle. If space, light and airy properties with a view
to boot are high on your agenda then make sure this one is at the top of your list. There is a certain uniqueness to the
apartment in the sense that it has almost no adjoining walls with the neighbours thus almost making it detached. There
are 2 terraces offering sun all day and views to Mount Teide and the sea. The kitchen is extremely practical with lots of
prep space and cupboards aplenty. The development has a tranquil communal pool and is within walking distance to all
amenities and local transport links. Sold partly furnished and priced to sell. Price £99.950
PARQUE SAN EUGENIO, LAS AMERICAS
LA01619
EL MORRO, CHAYOFA
OUT01016
A fantastic one bedroom apartment located on the ground floor in the very popular area of San Eugenio Bajo. This is as
central as you can get with a choice of beaches, bars, restaurants, shopping centres and Puerto Colon Marina literally on
your doorstep. The complex is well maintained and has a lovely pool area. The apartment has front and rear access, a
recently refurbished bathroom, a fitted kitchen and a spacious lounge dining room which lead directly onto the terrace.
The double bedroom has fitted wardrobes and lots of natural light. The pool is literally metres away as well...what else do
you need! Price e140.000
If peace and tranquility is on your search list, this immaculately presented bungalow should be top of your viewing list.
Located on a quiet complex in the pretty village of Chayofa just a few minutes drive from Los Cristianos. The bungalow
has three good sized bedrooms and ample living area which leads onto the terrace offering a view of the gardens and
peaceful pool area. With on site community parking close by and well run community, this is one not to be missed.
Price e 210.000
LA FLORIDA, VALLE SAN LORENZO
OUT00964
PANORAMA, SAN EUGENIO BAJO
LA01615
This very comfortable independant villa is ideally located just a short distance from the Canarian village of Valle San
Lorenzo in a quiet residential area. With private parking and a fantastic roof terrace to enjoy the views of the surrounding
area and coastline. The property has a well equipped fitted kitchen with dining area and spacious lounge with fireplace.
There are 4 good size bedrooms and also another separate bedroom and bathroom, great for those noisy teenagers!
Price e 275.000
An immaculately presented one bedroom apartment with lovely sea views on the popular Panorama complex
close to Puerto Colon Marina. The property has been extensively refurbished throughout at considerable cost
giving a light, modern feel to the property. With fully fitted kitchen, a striking modern bathroom and a double bedroom with fitted wardrobes. Relax on the terrace and take in the fantastic sea views...take a drink by the pool bar
or have a stroll to nearby Puerto Colon marina. Sounds good?... What are you waiting for? Price e 199.000
PALM MAR
PM00091
PARQUE TROPICAL, LOS CRISTIANOS
LC00530
This three bedroom detached villa is in immaculate condition and finished to a very high standard, with good quality
furniture and fittings. With private garden, low maintenance pool area & sea views from a lovely terrace, just perfect for al
fresco dining. Located in an area with great potential, this would make a perfect family home or holiday getaway and just
a short walk to the ocean and local amenities. Price e 319.000
A rare opportunity to acquire a fantastic townhouse property in a prestigious area of Los Cristianos. If you are looking for peace & quiet yet
within walking distance of amenities AND fantastic sea views then this property has to be viewed. The property has a front and rear garden/
terrace areas as well as numerous other terraces and a fantastic private solarium. Inside you will find a shower room, spacious lounge area, a
fully fitted kitchen and direct access to a private underground garage and utility room. On the upper floor are two double bedrooms both with
terraces and a full bathroom. A staircase leads to a fantastic roof terrace with superb views of the coast, the ocean and surrounding hills. Dont
miss this! Price e395.000
www.TenerifePropertyShop.com
Freedom for Sale 23
[FUERTEVENTURA SECTION]
Caleta de Fuste
Nuevo Horizonte
Morro Jable
0
1
1
1
1
1
1
1
1
40
Studio in Caleta Gardens. Terrace. Well located
10m from Commercial centre, 7 km from airport,
200m to beach
Furnished bungalow on a popular residential
complex also conveniently situated close to the
large communal swimming pool. There is a sun
terrace surrounded by mature tropical planting.
Golf property. Private Sunroof terrace with sea
views, Fully Fitted Kitchen, lounge, terrace size
17.84m² for dining al fresco, Parking Garage.
Finance available, bank repossession.
Web ref: 192927
Estate Agent: Caleta Property
Price: 35,000e
Web ref: 229869
Estate Agent: Fuerteventura Residences
Price: 49,950e
Web ref: 198837
Price: 54,085e
El Cotillo
Caleta de Fuste
Caleta de Fuste
1
1
1
1
1
1
1
1
Good quality apartament on the ground floor
in a nice building in El Cotillo. It has1 bedroom,
1 bathroom, living-room and American Kitchen
with small private terrace at the entrance.
Centrally located apartment in a well maintained
complex in the centre of the resort.Close to
an assortment of shops, bars & restaurants,
communal swimming pool & sun terraces.
Beautiful views of town and the coast from this
bungalow. On a residential development with
a large communal swimming pool, allocated
parking space private front & back garden areas.
Web ref: 229805
Estate Agent: Aurytur
Price: 56,000e
Web ref: 238350
Estate Agent: Carmen Villazan
Price: 69,000e
Web ref: 229678
Price: 76,500e
Corralejo
Corralejo
Corralejo
45
2
3
3
1
2
2
1
85
160
Top floor in the Bristol area of Corralejo one of
the most desirable part of town -- close to the
sea, harbour, restaurants, bars, supermarkets and
shops, within walking distance to amenities town.
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.
Web ref: 196753
Estate Agent: Fuerteventura Property World
Price: 84,950e
Web ref: 198861
Price: 85,000e
Web ref: 235743
Price: 85,000e
Caleta de Fuste
Corralejo
Corralejo
2
3
3
1
2
3
1
1
1
55
105
Ground floor apartment is ideally located in
the centre of the resort. This is a pool facing
apartment which benefits from a spacious
terrace, a private storage room & garage parking.
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. Sea views.
Designed on a grand Arabic theme, El Sultan is
within walking distance to the town centre. It has
2 adult community pools, 2 kids pools, spacious
sun lounging areas, and lush communal garden
Web ref: 238136
Price: 100,000e
Web ref: 235758
Price: 117,971e
Web ref: 229790
Price: 140,000e
Freedom for Sale 24www.freedom4sale.com/fuerteventura
Furnished 3-bedroom ground
floor apartment with south-facing
private terrace
Price: 99,750e
One-bed, 2-bath spacious
detached villas with separate
kitchen, private terrace
Price: 68,000e
Furnished 4-bedroom detached
villa with heated pool next to
the Natural Park
Price: 145,500e
Well-appointed 3-bedroom
semi-detached house on the
Golf Resort
Price: 180,000e
Fuerteventura Property World
Calle Almirante Nelson 5, 35660 Corralejo, Fuerteventura
Tel: + 34 928 867 989
[email protected]
THE KEYS FOR YOUR NEW HOME ARE HERE
Mobile: + 34 696 079 572
•
!
www.fuerteventurapropertyworld.com
Real
RealEstate
Estate
HERE!!
C/. Galicia, 29 – Loc. 1, 2, 3
35660, Corralejo
Fuerteventura
New bank CONTACT
repossession US!!!
properties daily!
Tlf.: (0034) 928 537 197
Fax: (0034) 928 866 619
Mobile: (0034) 619 770 593
NEW WEB: www.inmoaurora.es
SOCIAL: www.facebook.com/InmoAuroraFuerteventura
E-MAIL: [email protected]
Make your dreams come true….
NEW! ATLANTIC HEIGHTS
BANK PROMOTION IN CORRALEJO
For sale houses in Corralejo three -story on
private plot. Residential area. Well
connected just 5 minutes from Corralejo.
Three bedrooms, lounge, kitchen , 2
bathrooms, 1 toilet, garden and some Villas
have private pool . Nice views to Isla de
Lobos & Lanzarote.
PRICE: 117.971€
Freedom for Sale 25
FUERTEVENTURA
SECTION
A House Sight
Unseen:
[Buying
]
Good Deal Or Bad Mistake?
Buying a house usually goes something like this:
work out what you can afford, get a mortgage in
place in principal, find a real estate agent, make a
list of your must-haves, view multiple properties,
make an offer, secure your mortgage, complete on
your new home. Although time consuming and at
times frustrating, viewing properties first-hand is
considered by most buyers to be a fundamental part
of the home buying process, and many would never
dream of purchasing a home without first inspecting
the property itself and the neighborhood.
There are buyers, however, who are willing to
purchase homes without seeing them first. For
various reasons, these buyers and investors are willing
to skip this part of the process, relying instead on
property listing descriptions, Internet photos and
virtual tours. With the number of distressed homes
on the market, some investors purchase homes sight
unseen in an attempt to secure great deals. Buyers
might also snatch up homes while they have the
chance in markets that have a limited supply of
properties. Because of competition – from buyers to
aspiring first-time investors and institutional firms
that buy up entire blocks of property, in this climate
there is an increase in the frequency of sight-unseen
purchases. While you can get lucky and spin a nice
profit when it’s time to sell, there are significant
risks that need to be acknowledged before engaging
in this type of real estate investing.
Properties
Distressed properties are generally damaged or in
poor condition, and are under repossession by the
bank. Most banks try to unload these properties as
quickly as possible, because they are expensive to
hold: between property taxes, maintenance and
legal fees, it can cost banks thousands per day to
maintain each property in its inventory. Because
a quick sale makes financial sense for the bank,
these properties are often offered at a significant
discount. This creates an excellent opportunity for
both buyers and investors to get properties at below
market prices.
Expenses of flights, time off work, hotels and
properties with discounts in limited supply and for
limited time periods only can compel buyers and
investors to purchase houses sight unseen.
Competition
Investors looking for great deals or prime properties
may be up against tough competition from flippers,
wholesalers and institutional buyers. Flippers are
real estate investors who aim, much like stock
market investors, to buy low and sell high. Typically,
flippers purchase properties at a discount, make
repairs and renovations, and sell within a short
time-period for a profit. A property’s after repair
value provides an estimate of its fair market value
after repairs and renovations, it is used to determine
if a property has profit potential. One calculates
potential profits by subtracting the purchase price,
repair and renovation costs, and purchase costs
incurred for holding onto the property. Because
these types of investors depend on these calculations
to determine if they can make a profit, some will not
purchase sight unseen. Others, however, focus on
repossessed properties that can be bought at a steep
discount and with many there is no opportunity to
view before signing the papers.
Institutional investors purchase large inventories
of properties, sometimes entire blocks of distressed
properties. Institutional investors, backed by deep
pockets, can purchase dozens or hundreds of
homes, driving down inventories and consequently
driving up prices in a market (and increasing the
likelihood of selling at a profit). Institutional
investors can have such massive buying power that
they can make it quite difficult, if not impossible,
for smaller investors and individual homebuyers to
find good deals within a target market.
In addition there is a smaller group of buyers who
will purchase homes sight unseen out of necessity.
This most often involves an individual who, for
business or personal reasons, cannot travel abroad
to view but will not miss out on the opportunity.
Typically, these buyers work with real estate agents
who send them detailed descriptions, photos and
videos (or virtual tours) of properties that meet the
buyers’ criteria. The agent essentially becomes the
buyer’s eyes and ears, and trust is the key to success.
Risks
Homebuyers and investors may purchase homes
sight unseen, but the practice is not without
risks. One of the biggest risks is that there will be
something wrong with the property that doesn’t
show up in photos. Furniture and camera angles
can easily hide many defects, including water
damage, infestation, mold and structural damage.
While many properties are in disrepair because the
owners did not have the time, expertise or money
to properly maintain the home, some properties are
intentionally damaged by previous owners. Often,
this is a misguided attempt to “get back at the bank”
by making it more difficult to sell the property.
Other times, people rip out whatever they can –
appliances, fixtures, wiring – for the money.
Regardless of motivation, destruction after
repossession can involve relatively inexpensive
fixes such as holes in the wall, or extensive and
costly repairs. In a particularly ugly incident from
2011, a home in an upscale gated-community
cost thousands in repairs after its previous owners
were repossessed. Chemicals and cement had been
poured down the property’s drains and water was
left running for what may have been months –
leading to extensive mold throughout the property.
Another reason buying sight unseen can be risky
is that photos and virtual tours don’t allow you to
see undesirable features of the home, such as nearby
high-tension wires, traffic, neighborhood noise
levels and unusual odors (from things such as mold
or the 100 cats that used to live in the house). A
visit is the only way to be sure that you’ll like the
house, the garden, the neighbors and the area.
Ways to protect yourself
Buyers and investors can both add a layer of
protection to buying sight unseen with the aid of an
experienced real estate professional. It is important
that the agent be on your side of the deal (working
on your behalf as a buyer’s agent) and not working
on behalf of the seller. The agent should have a
professional responsibility to you to make sure you
get the best deal. Many buyers and investors vet
several agents before finding one who understands
their needs and who they feel they can trust.
The Bottom Line
Some people purchase homes sight unseen out of
necessity, while others do it for the profit potential
of a real estate investment. In any case, buying a
home without first seeing it involves risks: the
property could have defects or damage that may
result in extensive and expensive repairs. Also, the
home might be in an undesirable location (e.g.
next to a busy road) or have other detrimental
features. Whether you are buying sight unseen
out of necessity or as an investment, you can limit
your risks by working closely with a trusted and
experienced real estate agent, and by including
certain contingency clauses in the offer to purchase
real estate.
Don’t miss the opportunity!!!
BANK REPOSESSION
Jandía Beach Golf
Development sold in record time. Only 5 remaining.
• Up to 80% financing
1 BED GOLF COURSE
APARTMENTS with large 61.44m2
private sunroof terrace with sea views,
fully fitted kitchen, lounge terrace sized
17.84m2 for dinning al fresco, parking
garage. All this and much more
for only 54.085 euros
Currently managed by our sister
company Fincas Santander, S.C.P.
(Community Administrators)
We have all the details you will
need to
make your purchase secure.
GOLF COURSE DUPLEX Frontline
and with direct views to the sea. 2
bedrooms. 105.83m2 floor size, fully
fitted kitchen, lounge terrace sized
28.76m2, private sunroof terrace,
parking garage. For only 87.521 euros
No deposit required.
Full payment at completion
We work directly with
Sabadell bank.
CALETA PROPERTY REAL ESTATE SERVICES S.L.
Tfn.: (00 34) 629 188 500
E.mail: [email protected] • Web: www.fuerteventuradirect.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.
Caleta de Fuste
1 bedroom bungalow
Caleta de Fuste - Golf Course
3 bed, 2 bath duplex.
Communal pool
Close to communal swimming pool
149.950e
59.900e
Corralejo - Refurbished & furnished top floor
Caleta de Fuste - Brand new houses, 3
bedrooms, 3 bathrooms, 2 lounges & a communal apartment, 1 bedroom, central location, & a
communal pool. Price: 85.000 Euros.
pool. Prices from: 72.200 Euros.
Caleta de Fuste
Luxury 3 bedroom townhouse
Beautiful views - Private garage
169.500e
Caleta de Fuste
2 bed, 1 bath bungalow
Sea views and rear garden
79.000e
Don´t miss out on these & other fabulous offers,
now including bank repossessions. Contact us today
Caleta de Fuste - Townhouse with sea views,
2 bedrooms, fitted kitchen, terrace & a communal
pool. Price: 67.000 Euros.
Caleta de Fuste – GOLF. 2 bedrooms, 1
bathroom, fitted kitchen, large private gardens & a
communal pool. Price: 140.000 Euros.
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 27
Antigua
Caleta de Fuste
Corralejo
1
2
3
1
1
1
1
1
1
3 bedroom Villa 90% finished for sale at a good
price in La Corte Antigua. Large plot of 1000 m
7 others also available at different prices, partly
finished as well as completely finished.
Apartment with 2 bedrooms, 1 bathroom,
terrace & 70 m garden. Golf property close to all
amenities
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: 194458
Price: 119,658e
Web ref: 194459
Price: 148,000e
Web ref: 171694
Price: 153,000e
Caleta de Fuste
Caleta de Fuste
Ampuyenta
98
3
3
2
2
1
1
1
1
103
108
78
Fully furnished townhouse located on the Golf
course with views from the master bedroom
balcony. 3 double bedrooms, 2 bathrooms,
spacious terraces & a communal swimming pool.
Stunning duplex for sale on a well maintained
complex with a communal pool .Fully furnished
with spacious terraces & roof terrace plus the
added bonus of a private storage room & garage
Highly attractive quality built villa with
breathtaking views to the mountains. The
property is set on a fantastic plot of 10.100
M2 which ensures privacy and natural beauty
Web ref: 236671
Price: 155,000e
Web ref: 236434
Price: 157,500e
Web ref: 178819
Price: 157,500e
Parque Holandes
Villaverde
Triquivijate
4
3
3
2
2
2
1
1
138
145
Charming detached 4 bedroom, 2 bathrooms
house a separate and fully-equipped kitchen, and
sitting areas. It also has a central conservatory/
internal courtyard. Price reduction.
Villa with 3 bedrooms, 2 bathrooms, a
comfortable lounge and dining area, separate
and fully-equipped kitchen, and a private gated
parking for 3/4 cars. Greatly reduced in price!
Charming villa only 10 kms from the beach and
the airport. The house is completely furnished
and has a private garage, swimming-pool and
fantastic garden.
Web ref: 171842
Price: 174,950e
Web ref: 229856
Price: 199,950e
Web ref: 238152
Price: 199,950e
Corralejo
Villaverde
Caleta de Fuste
3
4
4
3
4
2
1
1
1
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
Hih quality south facing detached villa, including
studio and roof terrace, fully equipped Italian
kitchen, lanscaped garden and panoramic views.
Large 1300m plot. Huge price reduction
Frontline Golf detached 4 bedrooms villa with
a private carport, and a 4x8m private swimming
pool with massive terrace and sun lounging
areas. Private roof terrace with panoramic views.
Web ref: 196286
Price: 205,000e
Web ref: 173590
Price: 340,000e
Web ref: 238128
Price: 345,000e
125
Why you should never buy on Price alone
It is possible to argue that there have
never been so many great deals
available across the overseas property
sector than now.
That’s not sales talk: credible statistics reveal prices
are significantly reduced in many of our favourite
markets, mostly led by Spain.
Whether prices are down from their peak by 20 per
cent or 60 per cent, it is clearly a buyer’s market now
and if you are looking to buy an overseas property
then you must not get swayed by silly prices.
We’ve said it before but we’ll say it again: “if it sounds
too good to be true, it probably is.” How often is it
true that paying a little more for something pays off
in the long run? So always ask yourself the question:
why is something so cheap?
In a market driven by simple rules of supply and
demand, it stands to reason that something that
nobody else wants will be reduced in price to a
greater extent, like many bank-owned properties in
Spain.
This over-supply in some areas has led to massive
discounts and many people would argue it is exactly
the right time to pick yourself up a bargain. What
you shouldn’t do is be attracted by a property
simply because of the size of the discount, you
should remain clear on why you are buying it, for
personal usage or for investment.
In some of the best locations properties may only
be reduced by 10 per cent so if you start out with
a percentage discount in mind, you will end up
disappointed. Clearly a buyer in the current market
is in a strong negotiating position, but you need to
do some research and find out what is a reasonable
price to pay.
Then there are the usual things that one should
always check. Is the property on a healthy and wellestablished development where all the owners are
paying their community fees so that maintenance
on common areas is being carried out?
In tough times, the non-payment of fees by
struggling or too-few owners should ring alarm
bells and any buyer should ask further questions if
in doubt.
So, location, location, location is possibly even
more important than in the boom times, and a
good location, such as frontline beach, will always
be sought-after.
Even if you aren’t buying something as a hard-nosed
investment, you should still think of your exit
strategy. If you had to sell it on in six months, could
you be sure that someone else would want it (ie does
it tick lots of boxes)? Who is likely to buy it? Is there
a strong domestic and/or international market?
To ensure that you make a sound - and safe
investment, you must also use independent legal
advice as well as a finding an agent you can trust.
Your lawyer should investigate thoroughly if a
property has any debts - including utility debts –
especially those in the hands of banks with hundreds
of properties on their books.
Don’t neglect plenty of research on what’s selling
at what prices so you are able to make an educated
decision about whether something is selling at a fair
price.
Equally, don’t forget all the usual issues such
as having a building professional to check for
any structural problems and that the property
comes with relevant planning permissions, as
well as budgeting for any necessary upgrading or
renovation.
If you are promised “assured rentals” or a certain
amount of income from letting out your prospective
property, ask for proof that such levels are likely,
or you might not be able to afford your property’s
upkeep.
What are the ongoing running costs, from
community to local taxes ?
If rental income is your priority, is it within the
crucial hour to 90-minute transfer time of an
airport (depending on the area), and of a type and
size of property in demand in its locality?
Equally, are you allowed to rent it out for holiday
lets?
Needless to say, your finance should also be in place
beforehand and if you are buying with a mortgage
then getting an agreement in principle before you
start searching saves time and heartache at the end.
With many properties languishing on the market
for long periods of time in many areas in Spain, you
should take your time and carefully consider what
you are buying and what it might be possible to
negotiate.
It’s an exciting time for buyers of overseas property,
as long as they don’t forget the fundamentals.
Even if you aren’t buying something as
a hard-nosed investment, you should
still think of your exit strategy.
Freedom for Sale 29
[GRAN CANARIA SECTION]
Maspalomas
Playa del Ingles
Playa del Ingles
1
1
1
1
1
1
1
1
1
40
45
40
Nice corner bungalow for sale in Campo
International of Maspalomas. Balcony and terrace.
Located in a well maintained complex with
communal pool.
Excellent top floor corner apartment. Located on
a superb complex with heated swimming pool, 24
hour reception service and parking place. Just been
renovated. Three minutes walk to beach
Fantastic refurbished bungalow for sale in a quiet
complex with 2 communal swimming pools. Fancy
kitchen and bathroom with modern shower. A
beautiful standard and offers a large terrace
Web ref: 227784
Estate Agent: Real Estate My Home
Price: e93,500
Web ref: 231840
Price: e125,000
Web ref: 231844
Estate Agent: Dream Homes
Price: e126,420
Mogan Pueblo
Maspalomas
Playa de Ingles
2
2
1
1
1
1
1
1
1
64
45
45
Beautiful two bedroom apartment in the village of
Pueblo Mogan, between the famous windmill and
the Red Cross. On the ground floor (street level),
facing the barranco with beautiful views
Beautiful fully refurbished bungalow in well
maintained complex with pool. Consists of 2
bedrooms, 1 bathroom, living / dining room, kitchen
and two terraces, one front and one back.
Beautiful apartment for sale. Consists of 1 bedroom,
1 bathroom, living / dining room and kitchen. Well
maintained complex with communal pool. Close to
the beach, Yumbo Shopping Center and bus stops.
Web ref: 231857
Price: e129,990
Web ref: 229701
Price: e134,999
Web ref: 235547
Price: e135,000
Playa del Ingles
Paya del Ingles
Playa del Ingles
2
2
3
2
1
1
1
1
1
61
60
Beautifully refurbished duplex with two bedrooms,
full bathroom, large kitchen, living room and WC.
Very homely feel and large garden at the side of the
house. The property is sold fully furnished.
Beautiful refurbished bungalow Large terrace.
Located in a well maintained complex with
communal pool. Close to shopping and the beach.
Three bedroom flat for sale in a great location in the
heart of Playa del Ingles. Very bright home close to
all amenities with communal pool and tennis courts
Web ref: 229896
Price: e220,000
Web ref: 229691
Price: e225,000
Web ref: 235527
Price: e226,500
Maspalomas
Playa del Ingles
Maspalomas
2
2
3
1
2
1
1
1
1
70
100
104
Nice bungalow for sale in Maspalomas area. The
property consists of 2 bedrooms, 1 bathroom, living
/ dining room, kitchen, patio and terrace. Located in
a well maintained complex with communal pool.
Nice bungalow, two terraces. Well maintained
complex with communal pool. Located in the middle
of the resort and has direct views of the pool. Near
the Yumbo Shopping Centre and amenities
Nice bungalow fully refurbished. Large terrace.
The property has a private entrance and is brand
new. Located in a well maintained complex with
communal pool. 50m from Golf Course
Web ref: 229700
Price: e245,000
Web ref: 229698
Price: e255,000
Web ref: 229696
Price: e410,000
Freedom for Sale 30www.freedom4sale.com/grancanaria
[GRAN CANARIA SECTION]
Arrive prepared
Canary Island property magazine and web site
E-mail: [email protected]
TEL: (00 34) 928 141 202, (00 34)676 406 679
Office: Yumbo Shopping Centre,
Playa del Inglés
www.dreamhomesgrancanaria.com
Maspalomas
Playa del Ingles
Playa del Ingles
Playa del Ingles
Ref 229701
Ref 235545
Ref 235546
Ref 229866
Beautiful fully refurbished bungalow
Beautiful apartment for sale in one of
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
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
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 31
Buying your
dream home
overseas?
Exclusiv
of 2 free e offer
for Freetdransfers
Sale rea om 4
ders
For flexible foreign currency transfers
call us on +44 (0)203 465 8204
or you can email [email protected]
Whether you are buying a property, funding an inspection trip or paying your monthly
mortgage, you need an FX provider you can trust.
Global Reach Partners are specialists in foreign exchange and will ensure that you get
the best guidance in order to make the most of your transactions. We offer competitive
rates of exchange, with no hidden charges.
- 24/7 access to live rates of exchange
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The foreign exchange experts you can trust
Registered in England No. 4344764. Registered for Money Laundering Regulations and Money Services Business at Her Majesty’s Revenue & Customs
registration No. 12140164. Supervised by the Financial Services Authority in accordance with the payment services regulations 2009, registration No. 504315.
Freedom for Sale 32
www.freedom4sale.com - Over 10,000 properties across the Canary Islands

Canary Island Property Magazine

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