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Property prices in Tenerife set to rise in 2012

According to an article published very recently, it has been revealed that the Spanish property market has hit the bottom*

Market Press Release – May 16, 2012 12:25 pm
Contact Information
Sherril Wilkinson


0044 0207 1836287
Tenerife 16th December 2011
Property prices in Tenerife set to rise in 2012
According to an article published very recently, it has been revealed that the Spanish property market has hit the bottom* and it is a fact that property prices in Tenerife have actually risen in the most recent quarterly data, thus prompting confidence that prices will begin rise again in 2012.

Confidence is beginning to return after nearly four years of falling prices and marks a more positive outlook for Spanish property for the forthcoming year. The Knight Frank Global Housing Price index published earlier this week highlighted a small improvement in the fortunes of Spain and the report also stated that Spain (along with Greece and Ireland) is thought to be ´over the worst´ as far as its real estate market is concerned.

Property prices in Tenerife remain lower than those back home, allowing people to be able to afford a holiday or second home and this, combined with the fact that many people have lost confidence in the Stock Market and are disillusioned with poorly performing pension and saving plans, PEP´s and stock investments (which continue to fall), makes the search for opportunities that can give a satisfying return on investment, even more appealing.

Tenerife Property Investment specialize in sourcing the best possible property, at the best price and are able to offer advice which is unbiased as their team have access to all property available in the marketplace and are therefore not tied by preferred areas or by specific towns or complexes. It is this quality which makes their free, and impartial, advice invaluable to prospective property purchasers.

The impending slow rise again in property prices, means that it is now more important than ever to source property which is suitable for purpose – be it for a second home or for buy to let use. The post-Christmas period will, without doubt, bring about an influx of prospective property purchasers to Tenerife and with rising prices potentially set to happen in 2012, there has never been a better time to buy. In the short-term, investors may find that buy-to-let is the best option for taking advantage of the current market situation and could start repaying the mortgage after the first month from the rental yield.

*Source: Overseas Property and Investment News 13th December 2011
For further information please contact:
Or call (0034) 922 729325
Tenerife Property Investment
Chayofa Country Club, Chayofa 38652, Santa Cruz de Tenerife, Spain

Related Tags: Property in tenerife, tenerife property for sale, tenerife property at bargain prices,


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