Tenerife Homes just for you specialise in the purchase of land on behalf of many investment clients who either purchase land to speculate or develop. We cater for small, medium or large investors, from single plots to large urbanistic developments.

As a result of the moratorium on building in Tenerife, there are a limited number of projects in the South of Tenerife. However this will have the effect of causing land prices to increase,
as demand will outstrip supply. Consequently for people investing now there are very substantial gains to be made.

Checking the land prior to purchase.

This is an area where Tenerife Homes just for you and our team of legal advisors are very thorough before allowing a prospective client to purchase.

A brief synopsis intended as a guide only is as follows:

If you are buying land in Tenerife first we will establish whether the and is located in an area where building is allowed.

Land in Tenerife is classified as follows:

Land for development [Suelo Urbano].

Green zones [Zonas verdes] where no building can take place.

Rural areas [Suelo Rustico] where no constuction is permitted].

There are rules limiting building size in relation to plot size.

The classification of the land is also important in order to mortgage the same. It is possible to mortgage plots of land where building is allowed [Suelo Urbano] but if you want to mortgage land where building is not allowed [Suelo Rustico] the maximum mortgage amount you can raise will be 50% of the value, and the maximum term will be 12 years.

If your land is in the country we would check at the Town Hall [Ayuntamiento] where the property is registered, whether there exists any encumberances. It is possible , for instance, that a path crosses your land and you cannot build as the path would be cut.

We check at the Property Registry whether the land being sold is free of charges.

The next step should be the inspection of the Town Plan and the Partial Plan [if you are buying a plot located within an urbanisation], in order to know the developments planned for the area
where the land is located [roads, water supply etc], and if the urbanisation is registered and legal.

Once we have determined that the land has satisfied all legalities we would prepare the sales contract for signing before a notary.

You will need the services of an Architect, his drawings and plans are needed to obtain your building permit, this licence allows you to commence building.

Also we will assist in finding a reliable builder whom you will sign a contract with. Your Spanish lawyer must check this contract, its provisions should state the payment terms, completion date, and any penalty clauses.

A clerk of works [aparejador] will supervise the building and ensure compliance with the construction standards. He will issue the architects certificates to obtain the certificate of
completion of the building and the certificate of occupancy.

The next step in the case of a house will be the registration of the property at the Spanish Property Registry, as your deed contains only the plot registration. A declaration of new work [declaracion de obra nueva] is made in order that your house appears in the deed. The building permit, the certificate of building completion, and the certificate of occupancy will also be required.

If you are non resident a Bank Certificate is required as proof of importing funds from abroad.

We can recommend the services of a skilled lawyer who will assist you in the preparation and completion of all necessary paperwork.

There are great investment opportunities here in Tenerife and Tenerife Homes just for you are ready to assist you in any way we can. For a professional, confidential, and discreet service please "Contact Us" now.

Please forward your details using our "Contact Us" section on the site.