Buying new development in Tenerife is slightly different from a normal second-hand purchase of a home in Tenerife. In many cases, the house does not yet exist and you will proceed to purchase on paper, before the foundation stone has been laid. This is not for everyone, but the advantage is of course that the value of the property can increase considerably once the work is finished and the property and its surroundings are or will be in demand. Not everyone can see the potential and of course some buyers like to use this to their advantage. Except for possible speculative purposes, there is of course the other reason: you are the very first owner and nobody has slept in your house before you.
Buying new development in Tenerife has the same advantages as elsewhere: the latest new technologies have been used, the building is modern and built with quality new materials. Whether you buy directly from the promoter or through a brokers firm, it is best to call upon the services of an external consultant who will guide you through the entire purchase process. This is to avoid any unpleasant surprises during or after the purchase procedure and to answer all your questions, in your own language. Buying a new development in Tenerife has its own specific characteristics.