LATEST PROPERTY NEWS
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Tenerife Property Sales - Why not buy to rent?
Many of us visit the largest Canarian Island on holiday and peruse the Estate Agent’s windows, looking at Tenerife property sales advertised, whilst strolling through the beautiful resorts that we dream one day of living in ourselves. At Tate we can help you find the perfect mortgage if you need financial assistance, so that your dream could quickly become a reality.
Tate is one of the only real estate agents to provide an online mortgage calculator. Simply look online www.tate-properties.com/mortgage-calculator.php at the Tenerife property sales advertised, choose the one that meets your requirements, whether it be a new off plan development or a buy to rent property and tap in the details.
- Property price
- The deposit you have
- The number of years you would like the mortgage
- And the interest rate
Immediately it produces a monthly repayment so that you can see the level of investment needed each month.
Buy to Rent
In the UK a buy to rent mortgage is commonplace, as established estate agents in Tenerife property sales we are seeing an increasing growth in the buy to rent sector here. The beauty of buying a property on a buy to rent basis is that you will see a growth on the return of your investment.
For example, if you look at Tenerife property sales that are new off plan developments, you will make staged payments until completion. Once finished you can then rent the property and receive a regular income. You may at a later date choose to either live in the property yourself, or sell it by which time you will have most probably experienced a growth on your original investment, a definite win - win investment.
In Tenerife, property sales for a buy to rent purpose are still proving to be a great investment due to the level of rental income that is achievable. Recent research carried out by London based http://www.holiday-Rentals.co.uk rates Tenerife as number 3 in the top rental performers for 2006.
Continually a favourite destination of British tourists the data highlighted a 20% rise in the average number of enquiries per Tenerife property per month compared to 2005. In addition the data illustrated that there has been 66% growth in the number of properties available to rent as more and more potential home buyers are deciding to purchase off plan a buy to rent property, making Tenerife property sales a sound investment.
Don´t miss out on this perfect opportunity – contact us today.
