WHAT THEY DON’T TELL YOU- Buying a Property Abroad! Spain, Canary Islands, Tenerife ☀️
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- Опубликовано: 28 сен 2024
- 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’m a single over 65 female pool owner. Lost my husband 5 years ago. I maintain the pool myself. It’s a salt water/chlorine system. Maintenance is simple. I’m in & out of the pool all day here in spain. Who ever convinces you a Pool is difficult to maintain. Install a salt water system. My computer tells me exactly what is needed! What you need is to learn how to! Not build up your mind as to how difficult it is. 😊
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.
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 !!
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
We once got a text asking if we had actually stayed at one apartment as it looked unused when we left. :)
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
My partner bought new casa off plan, North of Alicante, So many problems ! From terrible bodged workmanship and later finding out that her access road crossed private property ! She had to buy land off a neighbour to access the casa ! Also she had to spend thousands on a new sewage tank as it didn't meet new EU regs. The problems are too numerous to list ! It also got broken into so many times while she was away.
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.
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 😉
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.
We bought a property in Cyprus. It was the worst thing we ever did. It was an absolute nightmare. We actually lost thousands of pounds. Never ever again. Also you will always be in the wrong and they will always defend their citizens and banks !!! Rent long term if you want to live abroad !!!!
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.
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.
Didn't realise Garvey was an international property Guru..
Tenerife, Florida, Liverpool
The lads done well 👍
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.
Fantastic advice. Truly honest experience feedback
Very useful. We decided on the frequent holiday rather than own a property and your video does confirm the ‘hidden taxes’ bit we were warned about. We were also warned about noisy neighbours. The locals are very effusive in their natural manner of speech and this may not suit everyone. Still, horses for courses and you are so right about the micro climates in different areas! Very enjoyable videos.
Thanks 😊
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
Hands down one of the best most informative vlogs on your channel. Great advice from you both!!
A very informative watch, a must see for anyone planning a purchase. It shows how much you care about your subscribers by passing on these excellent tips. Well done to you both, well presented and congratulations Andrew for acheving 1000 videos on your channel. Keep up the great work.
A big thank you to you guys to uncover all the hidden topics they fail to tell us. Amazing job. Very educational.
Golf del Sur is a great place to buy at the moment
THANK U SO MUCH HONESTLY & GENUINELY EXPLAINED....
I think if you are going to buy property in spain from an investment perspective,you want to buy it where there is a demand..otherwise you are better off renting,selling property in touristic areas is a dangerous gamble,there is no shortage of property,new developments are springing up on the costa’s all the time and a lot of ex pats who’ve put their life savings in but want to return to britain are left with property they will find difficult to sell or they’ll sell at a substantial loss..i’m not saying thats always the case but i have heard some horror stories..potential buyers should beware of unscrupulous estate agents who’ll brush over the negatives because they want a sale..excellent video fellas
Nice one guys good to hear the honest truth and not the sales side of the TV programme 👍
Well done guys, great vlog. As a EX Florida villa owner I’ve experience the good and the bad
We have an apartment in Mijas. We use it just for family. No renting out.
Big ones for us were we had to pay the Notoria cash backhander when we bought it. And Tax on the apartment.
Good to see Rupert Murdock is still working hard
Rupert the BILLIONAIRE 😉👍🏽
Hi you two. Great video but I think the pool horror story is not completely correct. I owned a 8.5M x 4M pool in our first villa here in Andalusia and installed good a good quality Solar pump run of panels and a crystal pool and for chemicals around 100€ per year.
This new villa I had constructed where we now live has a 12M x 4M pool, The pump is a normal inexpensive one run off solar panels BUT needs quite a big solar array.
The pool is not so bad if you are staying in the villa.
Keep up the great videos and I will forward to anyone thinking about buying 👍👍👍👍
Invaluable information guys! Thanks for sharing👍
I run a legit Airbnb in UK with super host status and really annoying that rip offs give us decent ones a bad name. We also rent a property in ROI and know what it's like to have your property trashed. It's not worth trying to cheat the tax man as different countries do actually speak to each other. They recently checked us out but was all ok as we pay our dues. I always treat and leave the properties we rent in Tenerife as I would my own and even done small repairs or replacements for the owners. Only 32 sleeps till we're back in our happy place! Thanks for the great, honest advise and info guys 👍
Don't forget the Canaries are taxed differently. A good agent will introduce you to a gestor (tax advisor) a regulated currency company.
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.
Dont forget, very important to have a will drawn up over here and update anything at home.
Good information Thank You , Enjoy the Sun
Thanks 😊
Very informative, I was thinking of buying abroad, but you have made me feel more realistic about everything especially Pool. Thankyou for your honesty. Yes I hate it when people have no respect for peoples property. I watch the programme mentioned🤣 thinking of going on it one time😳. I would rather listen to honest down to earth people like you👍
Fabulous. Love you guys. My pool needs so much daily work.. Your lovely. Tell it as it is.
Been going to Golf del sur for Golf and sunshine, enjoy your video , but I thought your comment on Golf del sur was a bit unfair.
Mo Edwards
Thanks 😊 It is always windy and the traffic is a nightmare, thats a fact!
@@TheKnightStrider I will be back 22 nd April for 3 weeks at San Blas, the wind will be gone by then
😂😂😂😂, hope to come across you sometime, share a beer.
Keep up the good work
@@TheKnightStrider correct, i stay at the Santa Barbara 3/4 times a year, its a reasonable price compaired to Adeje Hotels, that road at the top can be a nightmare so if were going to say Los Christianos we drive past the airport on the coast road and join the motorway further up then comebck on yourself, noticed the cloud there two weeks back how it hangs over then look over towards Las Americas and its clear
I’m so glad that you made this video, we used to have a villa in Florida (15 years) , and every time we watch those programmes we think , yes but what about ………….. We’re also puzzled when they show a property on a complex and mention the community fees, but the property and pool area is very run down and unloved , but they never mention it as a potential problem.
Really informative guys! Looking forward to staying at Royal Palm Apartments shortly!
great info both of you,thanx for your honesty
What about the squaters? People who just move in your house when you are back home country?
Great video and information Andrew & Paul, I don't know how people buy and never been in the area before. I recommend long term rental first, feet on the ground and do your homework.👏👏
I am 68 still working in nhs and my prospects of a nice life here means working until 74 to pay off a basic mortgage .
I was hoping to cut my losses here and find a nice place sunshine beach looks like that is a no go
.
Great video
Came over as warm and genuine
Ty
You guys are really funny. Over for a quick R&R at Play Paraiso Sunday, thought would try something different.
Very informative video, loving the references to APITS, as we know big sales pitch, you think they would do a follow up show that was informative a sort of what happened next.
Always waiting for the Bingo items “Do you like markets” & “Sofa Bed”
Keep up the great work
Andrew, how much do you think would be the least amount you need to buy a small cafe or pub in Tenerife? I just love the pub you and Laura bought! It is fabulous and perfect!!🎉🎉🎉
You both are so spot on with EVERYTHING Lived in Spain 🇪🇸 for 10 years - loved it but as a pensioner the money dissolved much sooner because of all the “extras” that were not mentioned - keep up the good work lads you made me laugh too 😂
Very straightforward and honest information cheers gents
Our pleasure!
I doubt I'll ever be in a position to consider buying abroad, but I do often wonder about the pros and cons. How many fortnight holidays can you get for the price of an apartment? And when you're back in the UK you're not worried about the hotel room. You would worry about your property.
I remember advices from another video - do not own a swimming pool and do not own a boat :) I thought boat to be mandatory in case of an earthquake you can fast leave the island …but I know they are extremely rare in Tenerife:)
Thankyou for your vlog lads, excellent.
Only just watched this, really informative, thankyou very much.
Very informative but another point to consider is liability to Capital Gains Tax if resident in UK and you sell property for a profit
Great VLog. Will use all the pointers when i buy a property in Tenerife. Thanks guys.
Amazing blog thanks for telling us about buying a board xxx i am a Everton supporter got beaten tonight even though we played great never mind xxxx
Hi Andrew it's good to know all these things 👍
Fantastic vlog very good info & advice xx
Might be worth mentioning the different kind of visas especially the non-lucrative visa required for those wanting to move abroad permanently and the passive income requirements needed to achieve this. Also I believe you can only access the Spanish health care system after 5yrs, so prior to this you need to take out top level private medical insurance in line with Spain’s requirements. If you haven’t done this already then maybe make a Vlog on visas and healthcare for those wishing to retire in Spain which is something me and my partner are looking at doing. Thanks for the Vlogs guys 👍
@@mikehicks1985 please have you got any further information about how to relocate to Spain please ?
@@TimiJoseph-c6f moving abroad all depends on your personal circumstances, what do you want to know?
@@mikehicks1985 visa that’s required or that can be achievable for African to relocate to Spain
Finding this really interesting,thanks both👍
Amazing watch - as always 😊
Honest opinions and well enjoyed,only exception was your personal choice of money exchange companies,you mentioned one company in Cornwall ,but failed to talk about doing a financial prudence check; personal opinions about staff being friendly is certainly no endorsement…
Enjoyed this, we have holiday rentals in UK and are always amazed how little research people do before starting their quests. People seems to think if you have holiday properties you are loaded, but it's hard work and guests think there £299 for the week has purchased the property, we had a sofa stripped of leather by one guest. Thank you. One question you pay taxes in Spain on income I assume you also pay taxes in UK.
Great vlog very informative thanks for doing this Striders
Great information thank you both 👍👍
i have 25 years experience of property in tenerife . lovely place but if you know the truth you wouldn't even think about buying . trust me , don't do it !!!! book in to a hotel.
its a no no no !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Thanks for the tip! May I ask why though? Seems a beautiful place but the potential problems are worrying.
U are a lovely family so hope people respect your lovely apartment xxx
Amazing and informative video.
Andrew you and your dad are legend's you both are now convincing me more and more everytime you upload or do a live video that I want a holiday in Tenerife and will probably come for Christmas after my USA dream vacation
So whats the typical return on investment one can expect? Say for every 100k you spend?
Lots of useful information in this video.....guys know what their talking about.
How do you manage after Brexit with the 90 day rule for UK residents
Great video, great real information. Thank you guys for real information!
Guys, great advice. Quick question. If you are in a community setting and paying service/maintenance charges, what happens if one or more parties of the community are not keeping up with their service payments.?
Isn't pool maintenance just a cost like cleaning ? Whether your in a community or have your own pool.
No you have to maintain the pool heaters and machines if you own them
Hi I've lived in the canaries, furteventura, it isn't what it appears, lits of English doing a dirty deed what they've ran away from back in the UK.
You don't know whom to trust.
Everything comes with a cost,they know your green wanting to live the dream and you will get ripped off been there 8 years .
Been back 15 years now to the UK,never regretted it.
Been there done it never to repeat.xx
Sound advice Mick !
So many things I had not thought about
Great video you two It was just like the program "Through the Key Hole " !!!👍👍
This was supper interesting, knowing that I do not buying a property/only renting one by the same lovely agent ,and I keep the place cleaner behind for them /because have seen some people that worn-out a apartments in one rental 😐
Bought my villa but with 15% discount.
I load the fees up front.
Great vlog very informative 👍👍
Thanks guys great vlog
Having stayed on the Golf ,everything you mentioned is the truth..
Loved this 😊
Dad and lad amazing blog xxx
Amazing....God you just don't think of these do ya really is good to know......thank you for this ....
excellent lads , eat your heart out "a place in the sun"
Great vlog guys
Hello xxx guys hope you all well
Hello, you offered to answer questions, this might be an odd one, but where would be the best place to look for a place to buy in the canary islands if you wanted to do some farming, on the small side, but at least an acre of land, looking at like growing your own food and going off grid. Are any of the other islands better for that than Tenerife? Don't mind being away from population centers.
Very interesting and informative
Thats was great information for anyone you can buy a place 👍not me but very interesting Andrew and Paul loved it 😀
Have you done a video on the 90day rule and the economics buying a property
Can anyone tell me the link to Garvey apartments link .Tia x
Thanks guys at last someone telling you how it really is because I've never heard so much lying in my life proper snakes
Excellent video, lots of good points that I'd never thought of. It's my dream to own a property out there someday (need to win the lottery first! 🤣) But this was really useful and informative! Thank you!
Is it possible to install sun(solar) panels. It will decrease the cost of.electricity!
great information
Thanks guys, good content! Two questions:
1. If you sell, do you have to use an agent?
2. What is the best website to look for the properties?
Thanks!
Dont have to use an agent but will need a legal representative