We will guide you through the reality of the Tenerife market. Learn how Spanish law works, what the real tax burden looks like and how to structure your portfolio for maximum security and yield.
Expectations vs. reality
We protect both your time and your capital. That's why we openly discuss which type of property makes the most economic sense for your specific portfolio.
This segment is typically covered by finished properties on the secondary market (resale). It requires extremely thorough filtering on our part to find apartments with strong appreciation potential.
Whether it's an exclusive villa on the secondary market or an off-plan project directly from the developer, this tier opens the door to carefree living and strong portfolio diversification.
Legal framework
When buying property abroad we follow a clearly defined legal process. Thanks to the public-notary institute, Spanish law provides buyers with absolute security.
The property is taken off the market. A reservation fee (typically 10%) is paid and the purchase price is fixed for the time required to complete all audits.
Obtaining the mandatory foreigner ID number (NIE) and opening a Spanish bank account from which the property will be paid.
Final signing of the purchase contract exclusively before a Spanish notary. This is also where the guaranteed bank cheque physically changes hands.
Payment of transfer tax (ITP) or VAT (IGIC for new builds) and registration of the new owners in the Spanish land registry (Registro de la Propiedad).
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Practical information
Answers to the questions every sensible buyer logically asks before making a decision.
When buying an older property you pay transfer tax (ITP) of 6.5%. For new builds you pay local VAT IGIC at 7% plus stamp duty (AJD) of about 1%. Rental income for non-residents (EU citizens) is subject to 19% income tax. Our local gestores will help you with every tax filing and any optimisation.
We help you open your own Spanish bank account. You transfer the money from your Czech bank into your own name. The purchase price is settled with a guaranteed bank cheque issued by your Spanish bank, which is handed over to the seller in front of the notary at signing. You never send money to our agency.
After the notarial signing we take over the administration in full. We transfer water and electricity contracts and set up direct debit (domiciliación bancaria) for community of owners' fees from your new Spanish account. You don't have to deal with any forms.
Real data
Over the last six years we have gained deep knowledge of the Tenerife market and we share it with our investors today. We are not an anonymous corporation — we are David and Lucka, a family-run investment office.
We don't just connect buyers and sellers; we connect a community of like-minded people who want to enjoy life and diversify their assets safely.
