Buying a plot of land in Tenerife is an investment that should be approached with full responsibility.
In this article, we will tell you how to choose a plot of land that will suit your needs and budget.
Types of land plots in Tenerife
- Urban:
Located within the city.
Have access to infrastructure (roads, water, electricity).
Suitable for the construction of residential buildings and commercial buildings.
Typically more expensive than other types of plots.
- Rural:
Located outside the city.
May have limited access to infrastructure.
Suitable for the construction of farms, villas, agricultural estates.
As a rule, cheaper than city plots.
- For development:
Have a building permit.
Suitable for the construction of residential buildings and commercial buildings.
They can be both within the city and outside it.
The price depends on the location, area, and availability of communications.
- With built houses:
Ready to move in or rent out.
They can be both within the city and outside it.
The price depends on the location, area, characteristics of the house.
Factors for choosing a land plot
Budget
Determine how much you are willing to spend on purchasing a plot.
Consider additional costs (taxes, transaction processing, construction).
Purpose of purchase:
Why do you need a plot?
Are you planning to build a house, invest, move?
Desired characteristics:
What area should the plot have?
What communications do you need?
What types and landscapes do you like?
Land selection process
- Determining your needs:
Answer the questions listed above.
Make a list of criteria that the site must meet. - Finding a suitable site:
Study the websites of real estate companies, advertisements for sale.
Visit areas that interest you.
Contact your realtor for help.
Check out our offers in different areas of Tenerife: https://buy-hotels.com/label/land-for-sale-in-los-cristianos/
https://buy-hotels.com/label/land-for-sale-in-callao-salvaje/
- Comprehensive check:
Check the legal cleanliness of the site.
Make sure there are no encumbrances on it.
Get information about the availability of communications. - Making a purchase:
Conclude a purchase and sale agreement.
Register your property rights.
Pay taxes and fees.
For more details
We recommend that you contact a realtor or lawyer.
You can also find useful information on the websites of real estate companies, legal advice and government websites.
