Preguntas Frecuentes

Todo lo que necesita saber sobre la compra de una propiedad en Tenerife, desde el primer depósito hasta los impuestos, hipotecas y costes de mantenimiento.

Preguntas Frecuentes

What are the main steps when buying property in Tenerife?

The usual process includes checking the property and documents, signing a reservation or arras agreement if appropriate, completing legal due diligence, signing the public deed before a notary, paying the applicable taxes and finishing registration.

Do I need an NIE to buy property in Spain?

In practice, most foreign buyers need an NIE for property-related transactions in Spain, whether they apply in Spain or through a Spanish consular office abroad.

How much tax do buyers usually pay in Tenerife?

For most resale properties in the Canary Islands, buyers budget for 6.5% transfer tax. Many standard new-build purchases are budgeted at 7% IGIC plus 1% AJD, depending on the specific regime that applies.

Can I buy property in Tenerife remotely?

Yes. In many cases a properly prepared power of attorney allows another person to act on your behalf during the purchase process.

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