The start of 2015 has seen one of the major banks running a discount campaign on selected Tenerife Bank Repossessed Property, some discounts are as high as 30%, but only until 4th March 2015. We are also expecting more bank properties to come to the market as the year progresses.
We have just updated our main website to show all the best Tenerife bank repossession properties, just click on the link to see them all.
We show only a selction of the best properties in the popular areas so if you are looking for a property in a specific area please contact us and we will provide details of all the available properties which meet your criteria.
There are still a lot of repossession properties available in the villages just away from the resort areas, in places such as Cabo Blanco, Buzanada, Parque de la Reina and Valle San Lorenzo. Within the resort areas such properties are rarely available and when they do come onto the market they get snapped up very quickly, due to the high demand.
Here are some of the best bargain apartments being offered for sale by the banks in popular areas of Tenerife.
Cabo Blanco Tenerife 1 Bed Apartment for sale discounted to €48,000, view details.
El Guincho Golf del Sur 1 Bed Apartment for sale discounted to €60,030, view Details.
Atalaya Court 1 Bed Apartment for sale in Torviscas Alto discounted to €51,000, view details.
Club Paraiso Costa Adeje, 2 Bed Apartment for sale discounted to €70,000, view details.
If you are looking for a Bank Repossessed Villa in Tenerife we actually now have some for sale in the luxurious Roque del Conde are of Tenerife, prices for the three bed villas are from €460,580, there is also a 4 bed villa for sale at €610,000.
This week many top Economists have said that the Quantative Easing measures implemented by the ECB will drop the value of the Euro so if you live outside the Euro Zone maybe now is the time to invest in a Tenerife property. The Euro/Pound exchange rate is now the best we have seen since the start of the recession.
We also deal in new Tenerife property and resale property from private sellers and again that is a bouyant area of the market. The best properties at good prices are also getting sold quickly as the Tenerife property market seems to be picking up.