WHAT THEY DON’T TELL YOU- Buying a Property Abroad! Spain, Canary Islands, Tenerife ☀️
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- Опубліковано 28 лют 2023
- Is it really a dream come true owning property abroad? We discuss what the TV shows don't tell you about buying and owning a property abroad, in particular Canary Islands Spain.
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I’ve just came across this vlog and I’m 5 minutes in and I can’t tell you how much I appreciate you both being so honest about buying in the canaries. We’ve bought and sold 3 properties in the past in Tenerife.
We go in private rental appartment and I always leave it as I find it. I got a lovely txt from the owner when I left this year saying how nice it was to find the appartment clean and tidy
I have never heard so much TRUTH. Excellent. As an ex pat (but not in Spain) of 17 years I concur with all the points made. One major thing I would add, beware buying on a communal site where people don't pay their communal fees or pay late .. and the fact that some properties that are mortgaged - which people just walk away from when times get hard ...that end up being repossessed by the banks. In my experience, the banks do not pay communal fees or towards contigency/sinking funds. Buyers should try and contact the Committee Manager before buying if they can. As much as I like a Place in the Sun, and as much as I love living abroad, it should come with a public health warning! People need to watch this video first and do their homework! I know many that have lost thousands.
it really bothers me that people dont look after other people's property and even if you have kids thats no excuse, i taught my daughter to have respect and when renting i keep my tenerife apartments as clean as my own home, its sad because it makes the rest of us look bad.
Live in the complex for 6 months befor you buy , you may find your apartment is next to a generator...very loud ..looking over the pool may be nice But the noise ! The apartment at the back looking over the golf course maybe the better option..check out the service charge ....
Easy to buy ..hard to sell ..and they will built on that view....maybe just rent ..neighbours become a problem ..just move ..
Very informative vlog. Its so good to see what the other travel tv programmes don't show you. This should be watched first if anyone is thinking of buying a property abroad. 👍
Loved this vlog, very informative, i've wanted to own a place in Tenerife for years, but in the real life i know there is no chance. This has certainly opened my eyes to all the 'extras' you have to pay for. I love to watch A Place in the Sun, but now i will see it all in a different light. Thanks again i'm sure a lot of people will be helped through this.xx
We bought our apartment in November in Royal Palm. All went smoothly with a good estate agent, solicitors and currencies Direct. Oasis management letting it. As you say too make sure you book your weeks out as it is busy
the pool thing is spot on. we bought our house in crete with a pool (private residence) and it costs a small fortune even when everything is running smooth. we will eventually sell and downsize as in reality this propery is a bit too big for us, and when we do the pool will be a great selling point but our next place will absolutely not have a pool. as you said the sea is the best place for a swim, and unless you have a heated pool, youre not going to use it other than when you would use the sea. our local beach is less than 10mins from the house by car
Great eye opener your video for those people intending to buy in the Canaries. I originally came from Las Palmas to London in 1968 and have lived in this lovely city ever since but if I ever decide to go back to my unforgettable island where I was born your video has made me a lot wiser about owning a property in the Canaries. Thank you
Well done I have this same problem when talking to people. It is not all wine and roses.
What a great, informative video. Highlighting both the pros and the cons. I’ve owned timeshare at Anfi in Gran Canaria for the last 13 years, and whilst the maintenance fees have been going up, this video makes me appreciate where some of the money goes.
With Brexit and constraints on time allowed abroad, goodness knows if I’ll ever own abroad.
Thanks Andrew & Paul that was very interesting and your right in what you say they never show the down sides on these holiday programmes that i watch constantly 🥰
Invaluable information guys! Thanks for sharing👍
Thank you guys for your time and effort into making this video, so so important to get real world information and you have opened my eyes as to what I thought I needed versus what I actually need.
Cheers for the video it's really brought me down to earth
great info both of you,thanx for your honesty
Hi Andrew, Carole from Cumbria here. Thank you so much for this vlog. Fantastic information you both made it so much easier to understand, I downloaded a brochure about it but it was full of technical jargon I didn’t quite follow. Brilliant information.
Brilliant sensible information - thanks
THANK U SO MUCH HONESTLY & GENUINELY EXPLAINED....
Hi guys great vlog, thanks for all that information really appreciate it. I went to a place in the sun roadshow some time ago and had a chat with one of the presenters on the show, but while I was in the line before the chat one of the staff of the show told me that if your looking at buying a property abroad you will need between £10.000 & 20.000 for you legal fees & costs. Like you say anything left over is a bonus. Again thanks for that guys, food for thought, 👍
One final thing. you mentioned ,committees. in my entire life i have found anywhere there is a comittee it is usually be for the benefit of themselves.
Thanks for this- very timely for us as we are starting the process to buy in mainland Spain.
There’s nothing that’s put me off but I’ve learned loads. (Especially the aircon/pool. Tourist v residential thing.)
Excellent vlog,very informative. Love royal palm stayed in a few different apartments, and your right.
Some are covered. Found the right one and am sticking to it.
Thankyou for your vlog lads, excellent.
So helpful! Thank you gentlemen 😊
Finding this really interesting,thanks both👍
Great video
Came over as warm and genuine
Ty
Great video guys - thanks!
Really informative guys! Looking forward to staying at Royal Palm Apartments shortly!
Very well done! Because a lot of people see only the price but they don't see or think further. Also it's better that you speak the language.
You really made a very realistic vlog!
Just how it is with all troubles and costs you can have.
Tenerife is very nice and I prefer to come every year at the end of the year in a nice hotel without having the troubles of an own property 😉
Really interesting! Enjoyed that
Really enjoyed your honest and accurate opinions of buying property and where the expenses go. It is also interesting for people who wish to rent an apartment. Thank you.
Fantastic vlog very good info & advice xx
Amazing watch - as always 😊
That’s was really good information thank you ❤
Really nice infos. It is exactly the not said basics that everyone NEEDS to know before thinking about buying a property abroad!
Great VLog. Will use all the pointers when i buy a property in Tenerife. Thanks guys.
A big thank you to you guys to uncover all the hidden topics they fail to tell us. Amazing job. Very educational.
For our last stay at Adeje I was specifically looking for a balcony in the full shade all day, cause my partner was in work from home mode, and he indeed enjoyed working from the shaded balcony without screen glare or becoming hot from sun, he never even used that sticky sunscreen. Also laptops get very very hot on the direct sun and that slows down anything you do on it.. There would be no way to work all day on sunny terrace /balcony. Remote workers would totally rent a place with no sun if the have to match UK working hours.
Great information & advice x
Thanks both
Great to hear from people that have done it.
Very informative guys, Thankyou both
Great information thank you both 👍👍
Really enjoyed that vid as someone whose looking to move over in a few years it was a real education into what’s expected , thank you
Having lived in the States & recently bought a place in Fuerteventura, this is an amazing video with some invaluable advice, thanks lads.
Enjoyed watching that,first impressions,impressed tbf . Looking forward other vlogs on the cruise
Well done guys. There are so many programmes, real estate offices that will always paint the rosy picture. Having lived in Spain for quite a few years on the mainland, it’s not as rosy as it is depicted. Lots of taxes also to boot. When people go on holiday they always say it would be nice to live wherever they may be. The reality is low pay, high unemployment in Spain particularly and what employment there is often seasonal.
Well done for highlighting it. Of course since Brexit not quite as easy to come and live here now as it was.
Great information. Especially the up side and, like you say the down side that you need to know before buying.
Many thanks for this video Andrew and Paul, I've always found it frustrating how the TV show don't give all the details, ie costs and residential status etc.
I'd be interested in some ballpark figures for the ongoing costs, ie service charges, taxes and energy bills etc, obviously they will vary with the area and property etc.
Excellent vlog boys very informative, a great insider on buying abroad 👍👍
Brilliant thanks for the information
Great video guys 👍🏼
Great video! Thank you! I was searching for some information like this for a really long time. It would be nice if you do more videos about owning a property on the canary island.
Great video guys thanks
Great vlog very informative thanks for doing this Striders
Fantastic advice, thanks.
Brillant vlog gentlemen, you have given me a great insight before i purchase a property next year.Eyes will be wide open.Brillant.
Just watched you and your dad really enjoyed it full of info. Makes you think. Good chat cheers 🍻
Excellent video 👍 useful info
Great vlog very informative 👍👍
Your dad is one of those people I could listen to forever and never get bored. Such a rich personality and a joy to listen to. Reminds me of my grandad who's sadly no longer with me.
Thank you for that lovely comment Mike !! It means a lot to me !!
Got to say this is the best vlog you've done
Very helpful, thank you.
Brilliant vlog these programs make it so easy to buy a apartment but they never take you to were you won't thanks Andrew and Paul 👍👍👍
Your best video yet very interesting and well put together.
Good information Thank You , Enjoy the Sun
Thanks 😊
After buying a number of years ago, and enjoying in La Caleta and Del Duque, now sold, what agents don't tell you is that the same property can be for sale with other agents at different prices. Also when showing you around the agent may say 'this is the last property on this complex for sale', what they really mean is it's the last one and was probably the only one with them, that's for sale, other agents may be selling other properties on that complex. You and you're dad are doing a good job.
Great point. I didn't realise that. 👍
Great video, great real information. Thank you guys for real information!
Very informative video. I am thinking about buying on costa del sol and was undecided on the residential versus touristic question. Hadn't realised that there are no tax breaks for non residential owners of touristic properties. That, together with the potential high cost of wear and tear from renting, has me thinking it's better to go residential and enjoy it for myself, friends and family. Thanks for the info.
Costa del sol is great. Short cheap flight. Handy train from malaga Airport.. Fuengirola is my favourite
Check inheritance rules too…as overseas have different rules even with a will it can be difficult….
eye-opening information !!!! Thank you very much.
Our pleasure!
Only just watched this, really informative, thankyou very much.
Well done guys, great vlog. As a EX Florida villa owner I’ve experience the good and the bad
Hi Andrew it's good to know all these things 👍
Very good and honest blog
Thanks guys great vlog
You are both brilliant. Very informative. The tv programme. Sun. Sea. Selling houses, was a big con for a lot of people, as they always painted a glossy picture. Never informed buyers of the pitfalls on camera. The programme lacked transparency, and a number of people have lost money. The same applies to a Place in the Sun.
Loved this 😊
Great informative video. People think it’s great you have property abroad but don’t realise the extra costs. We have been subscribed to your channel since way back & absolutely love your vlogs. However, after biting my tongue on many occasions when you have made comments about Golf Del Sur I really feel I need to speak up now. We have a beautiful property in Golf Del Sur for almost 25 years. Yes it can be windy but we like that because it keeps it cooler for walking in etc. The planes cause no problems & I’m sure if you ask owners & holiday makers alike the most will agree that you get so used to the planes & even begin to enjoy watching them coming & going. The traffic at the moment is a nightmare at certain times of the day while the roadworks are going on (I agree a long time). We bought there because we didn’t want to be in the middle of the action but love the idea that we can get to Los Cristianos & PDLA if we wish. We can get parking for our car & it’s certainly not as hectic & busy. Golf del Sur is not for everyone just as Palm Mar & parts of PDLA aren’t either but please please please stop knocking it. It is marmite. People wishing to buy in Tenerife will definitely tune into your vlog & they will have an instant turn off GDS. Everyone to their own but I really don’t think you’ll have done yourself any favours with a lot of potential viewers. Disappointed!!!
we have been going there for 20yrs, we used to have a couple of weeks in adeje before going to the golf but to be honest we couldnt wait to get back to the golf, for me a better climate and a slower pace suits me better than anywhere else on the island, love it there. Dosent bother us about the planes and a 15 min walk to los abrigos is lovely now the pathway is finished.
Look at that sky on the background though. I'd make a lot of sacrifices to live on a place like that.
Great vlog guys
Wow ... great info guy s ,
Nice one guys good to hear the honest truth and not the sales side of the TV programme 👍
Very straightforward and honest information cheers gents
Our pleasure!
Thank you for bringing this topic up. It's been my dream for many years to buy an apartment from Tenerife. Compared to prices in Finland, where I'm from, Spanish and Also Tenerife apartments seems to be cheap. But it's good to know specially about the touristic side if it's residential area or your own.
I'm now living here in Tenerife in a second airbnb apartment and so far everything' gone well but I totally agree that it's VERY hard to find apartment at the moment, at least with a decent rental price. It seems that at the moment you'd have to have way over 1000e to get even a small studio and it's not only in the south.
Well done knightstrider and pa this is top top stuff and essential for those many people considering these things
Im saving this great vlog for later
Very informative! Would love to see a video based on the basics of moving to Tenerife and your experience. Me and my partner are looking to move over and don’t know where to start ✨
The TV shows are for the purpose of entertainment, many of the people on there don't up buying, some have no intention of buying. Once an offer is accepted it's treated as though the purchase is completed, yet this is far from the case, around a third of property sales fall through after an offer is accepted. They tend to say things like 'We want to be near a town so that we can integrate with the locals,' then they only looks at properties in urbanisations aimed at foreign buyers. They tell the presenter 'It's been my dream to move to Spain for 15 years, yet when asked if they've made any attempt to learn Spanish it's normally 'no but I'd be happy to go to classes.' They generally don't know about the buying process, or taxation. They often think that they can rent out the property remotely yet have no idea about what's involved. Sometimes they haven't even visited the country or the area that they want to move to & invest a life-changing sum of money into, which is simply unbelievable. I'd suggest that many of the people on these shows would be better off renting in a few different areas first to get a feel for the place, and to speak to different people about the realities of what their new lives would be.
I was living in Cyprus for couple years. When I rent apartment I was so excited to have swimming pool. First month I was 6 times a week or more. After month I was less and less. If I will buy for my self property for my self I will look for some things with nice garden. People don't realise in places when temperatures are 30°C or more everything around change to desert. Have couple Palm trees and grass for me is more important than swimming pool.
Very interesting and informative
Sound advice Mick !
ohh you two so so so sweet, thanks for the info ♥
Interesting video very good tips
That was really interesting. 😊 not thinking of buying but lots of things I wouldn’t have known about
Brilliant 👏 👏 👏 👏
Golf del Sur is a great place to buy at the moment
Excellent video.