P-31544
P-31544
Villa de Luz, Tenerife, Spain
5 Bed | 5 Bath
EUR 4,999,950
Key Details
Villa de Luz, Tenerife, Spain
Tenerife
Tenerife, the largest of Spain's Canary Islands, is easily accessible with a four-and-a-half-hour flight from London, available through both scheduled and budget airlines. It has long been a favourite winter retreat for travellers from Northern Europe. With its striking natural beauty, Tenerife is home to Mount Teide, Spain’s tallest volcano, which often has a snowy peak. The island offers a mix of traditional Spanish villages in the north, while the south is known for its stunning beaches and lively theme parks. Blessed with a consistently mild climate, temperatures year-round range from 20°C to 30°C, making it the perfect destination at any time of year.
Golf Costa Adeje
Golf Costa Adeje is Tenerife’s premier destination, combining luxurious living with breathtaking landscapes. Just 25 minutes from Tenerife South Airport, this prestigious area is home to exquisite properties and a world-class golf course. A short drive leads to the stunning Costa Adeje coastline and the charming village of La Caleta, renowned for its natural harbour, upscale dining options, and vibrant bars. Nearby, the Tenerife Top Training centre offers state-of-the-art sports facilities, making Golf Costa Adeje the perfect blend of leisure, lifestyle, and recreation.
The Cost of Buying a Property in Tenerife
Before you purchase a property in Tenerife, it is important to know the costs involved with the purchase in addition to the price of the property.
Property Taxes and Fees in Tenerife:
On top of the asking price of the property in Tenerife, you will be required to pay taxes and legal fees for the purchase.
The general rule of thumb is that for property purchases in Tenerife you should allow an additional 10% of the property purchase price to cover the legal fees and purchase taxes etc. (this may be slightly more for lower value properties).
These will include:
Lawyers fees: For the conveyance, typically these are charged at 1% of purchase price + IGIC (VAT) at 6.5%. Usually lawyers will have a minimum fee however which is usually around €1,000-1,500 euros + IGIC.
The lawyer can also prepare a Power of Attorney for you (if required), the costs of this is typically between €150-€200 + IGIC at 6.5%.
Some lawyers may also offer a service to assist with the transfer of water, electricity & IBI (council tax) into the purchaser’s name. The costs for this varies but is usually around €250-€300 euros plus IGIC at 6.5%.
Land Registry search fees: These are usually approximately €30.00
Registration Fees:  Registration of property typically costs between €300-€900.
Spanish Notary Fees: Usually in the region of €700-€1,000.
Spanish Property Purchase Taxes: Transfer tax of 6.5% of the declared property value (or if the property is a new build, IGIC (VAT) is payable instead at 7% plus 1% stamp duty).
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