Buying Guide in Tenerife

Buying property in Tenerife is very different from the UK. Please see below for a brief step by step guide to help you understand the process. We will of course explain this to you in more details once you are here.

The biggest difference is there are no “chains” here, so you need to make sure you are in a position to proceed with a sale before even making an offer because once your offer is accepted, you will be asked to sign a sales contract and put down a 10% deposit. This is similar to the Scottish system and we believe it is a much fairer system as “gazumping” and sales falling through are almost unheard of here.