International Estate Agents in Tenerife
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Clear Blue Skies Group S.L.

Address (link to the map):
C/. Bruselas, C.C. Fañabé Plaza 129,
38660, Adeje,
Santa Cruz de Tenerife, Spain.

Phone: +34 922 71 47 72, .

Opening times:
Mon – Thu: 9.30 – 17.30
Friday: 9.30 – 17.00
Saturday: 10:00 – 13:00


 

Transact property in Tenerife

Question:

My friend has told me that you do not need a lawyer to transact property here in Tenerife, what do you think? 

Answer:

I think you need to wake up and smell the coffee! You are in a foreign country, the rules for sale and purchase of property are completely different here (better, but different). Your legal contract will be in Spanish here and the final deeds will be in Spanish. Very few of the Public Notaries speak English, and most of the documents you will need if you are selling will be from Spanish offices. If you are buying, you will need to arrange to pay the Notary, the office of registration, numerous taxes, you even need to pay some taxes on behalf of the seller. The average price of a transaction is around 200,000€ and the average cost of a solicitor is 2000€, about 1% so it's beyond belief that some people buy property without the protection of a lawyer. Simply stated, if you transact a property here without legal representation, you must be stark, raving bonkers (unless of course you are a legally trained, fluent in Spanish and love dealing with bureaucrats). Some Estate Agents tell their clients they don't need to engage a lawyer, but fail to mention that if anything goes wrong, they will not be insured. Proper lawyers are automatically covered with insurance to indemnify themselves against mistakes, and you would benefit from that in the unlikely event of there being a problem.

» » Do I need a lawyer to transact property in Tenerife?


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