SUNWAY TENERIFE represents the finest selection of luxury properties.Featuring only six or less properties, hand-picked for the discerning buyer, each property listed here has been drawn from the huge array available on the market with a purchase price starting at £500,000 (€819,500).
A short summary of each property is shown on the right. Click on the small photo for fuller details and more pictures.
Property investment in Tenerife made simple
There has never been a better time to invest in property, with interest rates at an all-time low and extremely attractive prices now available. However, buying a property in Tenerife, whether as a pure business investment opportunity or to simply enjoy time with your family in a sunshine paradise – is not an overnight decision. It requires careful planning and consideration. No one situation is the same – you and your needs are unique.
That’s why we offer a completely tailor-made service based solely on you and your needs. We strongly believe in the human aspect and that it’s not just about you getting a good deal (which goes without saying) – but about building trust through honest relationships and transparency.
Since 1998 we have helped clients with property investment in Tenerife. Some inexperienced first-timers, many savvy investors. With over 20 years of experience in the property business we offer an unrivalled level of individual service and support, always meeting your particular needs. Each choice of property is tailor-made for you.
We take time to carefully listen to your requirements, your likes and dislikes, and make sure we understand your expectations. Then we present you only with properties that match this. You will never feel pressured or rushed with us. The important thing is that you find the right property investment for you.
As you would expect, we work with you in absolute confidence – discretion is key – and we never share or discuss your business with any third parties unless absolutely necessary – and only then with prior permission from you.
A team of property investment experts at your disposal
With a large team of highly qualified property investment professionals on hand and many years of experience, we are perfectly positioned to offer you a comprehensive service. You can relax, safe in the knowledge that every detail is being taken care of. We provide you the benefit of our expertise, such as complimentary tax and legal guidance, allowing you to easily navigate the maze of local requirements and bureaucracy as well as ensuring that you don’t miss out on any advantageous financial benefits.
Through our local network we are able to offer you high-yielding and safe property investments directly without the need for costly intermediaries, a saving we pass onto you.
Whether you are an individual homebuyer or represent a company that is interested in buying high quality property in Tenerife, you are in safe hands. Our approach is 100% transparency and we focus on providing you with the best possible deal.
What’s more, you don’t need to worry about problems communicating in a foreign language or missing some vital information – we do business in a choice of English, Spanish or Dutch – removing a barrier that can often exist.
We believe finding the perfect property in Tenerife should be an easy experience for you. So, why not have us do the hard work?
To find properties for short-term rentals, you can ask one of our local partners, Private Holiday who specialise in holiday accomdation. They been in business for well over 10 years. You can find their office in La Matanza, which is not far from the port town of Puerto de la Cruz.
Exploring Tenerife should be easy and fun with the right travel resource. If you are able to know more about which places are best to go, you will have a much more enjoyable time and have better memories. Natually, nothing is better than being shown firsthand by local people. We reccomend you read the Live Journal of Tenerife Host to see what the island really has to offer.
Real Estate Options in Texas
In my last newsletter, I outlined the highest probabilities for the Austin real estate market in 2014. The general summary was that 2014 was likely to follow the same tracks laid in 2013. Though, last year was a record setting twelve-month stretch for Austin housing, so the question remained, “how much room was there for upward growth?”
We discussed that available housing inventory in the Austin area would continue to be the biggest challenge due to an influx of new residents and a drastic pullback on housing starts following the recession. We mentioned how competition for limited supply would cause prices to rise steadily and while sale volume had the potential to rise moderately as more and more new units were introduced, growth would be tempered due to lack of availability.
So, where do we stand through the first third of the year for 2014? Official (verified) sales data is only available through the end of April as I write this article and as a result, I will reference four months of info.
In large part, what I referenced above has held true through the first trimester of 2014. Single-family sales have progressed slowly at a 2% increase over the same time period of last year. Not unexpectedly, prices have risen quicker than sales. Average price was up 4% to $295,264 and median price, $230,000 (up 6%), set an all-time high for the Austin market. And while mortgage interest rates in the low to mid-4’s continue to make Austin housing affordable, the affordability indices are at their lowest levels in the past three years. Year over year, housing affordability has declined close to 16% overall.
On average, single-family homes are taking 52 days to sell for the year, which is 17% less time than last year. However, that number is misleading to the extent that median days on market is actually just 12 days. I’ve written before about the fact that around 40% of home listings in the area are under contract within 2 weeks or less.
Available housing supply remains the number one issue for local buyers and is the root cause for just about everything that you see listed above. New listings are down slightly (-2%) for the year as are active listings (-3%). At the end of April, the Austin real estate market sat at just 2.4 months of supply. Because of this, there are many more homes for sale. Six and a half months is considered market equilibrium and the Austin housing market has been in ‘seller’s market’ cycle for 30-straight months now.
Austin Condo Market – While the single-family residential market hums along with slight gains, the condo market in Austin continues to grow rapidly. A 24% gain in 2013 has been followed up by a 16% rise through the first 4 months of this year. Prices have followed suit at +11% and price per square foot is up by 8% year over year.
Austin Rental Market – The rental market in the Austin metro area continues to enjoy steady gains with a 5% boost in lease transactions in 2014. Average rents have risen 6% but new listings, active listings and days on market have all risen which indicates an influx of new inventory.
Central Texas Rural Market – The farm and ranch market continues to be a strong growth sector for Central Texas real estate. Through the first 4 months of 2014, sales are up 37% and average sale price has risen 26% which indicates more activity from “big ranch” buyers. On average, these properties are selling 30% quicker (157 days).
Central Texas Land & Lot Market – There has been a short supply of lots ready to develop in the Austin area for quite some time. As such, sales of residential lots and small development tracts have declined 3% year over year. Much of what is actually available is lower priced inventory. Average price has also slid by 13% in 2014 year to date.