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Tenerife Property Holding Up In Recession

Jul 13, 2008
As with most locations, there are some bargains to be had in Tenerife, and more owners are willing to listen to offers compared to previous years.

In order to find the best property in Tenerife, first complete a thorough research to find the best value for your money.

Then find an agent who is familiar with the land and who knows where to find the best property spots. Find someone with verifiable credentials to answer your questions honestly and accurately. The bottom line is that property remains one of the most popular forms of investment and Tenerife has a lot to offer when it comes to investing in prominent property.

Tenerife has experienced a surge of property owners in the past few years, many with 100% mortgages. Because Tenerife is the most popular winter get-away spot for United Kingdom residents, investors in Tenerife have enjoyed a very profitable return. In fact, Tenerife attracts more investors than Barbados and Egypt. What makes Tenerife such a popular location to invest in property?

Holiday Packages Dwindling

Call it the 'end of an era' as more and more people rent property in Tenerife through investors.

Investors are excited that people want to rent from them. Investors are able to offer holiday travellers more choices than many popular package deals when it comes to their stay in Tenerife. A package restricts you in a lot of ways, including how long you stay, what you get to tour, where you have to eat, and the like.

With the options provided by property investors, people are able to tailor their holiday more to what they want to do and see. In other words, renting from an investor allows you to create a custom holiday to your liking.

Investors acknowledge the Internet for their success, as the Internet is a viable way to cut down on marketing costs and still meet the needs of those who want to rent a holiday spot in Tenerife. The way of the package deal is seeing the end of the road.

Change in Habits is Good for Tenerife

Tenerife enjoys a new growth of investors who rent their properties to holiday travellers. As the demand for holiday rentals grows, so does supply and demand for the shops, tourist attractions, and dining establishments in Tenerife.

Investors claim their rental incomes as a major source of their overall income and renters are thrilled with their customized holiday plans. It is a win-win situation for Tenerife and holiday travelers alike.

Care in Choosing an Investment Property

As a potential investors be forewarned: not every property in Tenerife is a lucrative business.

Some investors fall under the assumption that because the market for investors is so high, every property is equally valuable. This is just not so. Consider what types of holiday travelers you expect to stay on your property and what attractive accommodations you have to offer to potential renters.

It is important to choose an agent who is knowledgeable and will assist you greatly when selecting your investment property. Choose the right agent and expect a lucrative and enjoyable investment for many years to come.
About the Author
For more information about Tenerife, including a choice of Tenerife hotels - yourtenerife.net has details online.

They also have airlines who do flights to Tenerife and new information for those considering Tenerife villa holidays
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