Renting property in Tenerife.

Criticism of Rental Estate Agents in Tenerife Fair or unfair.

             Criticism of rental Estate Agents in Tenerife,
                                           Fair or unfair?
Estate agents are taking unfair criticism for charging contract / finder’s fees from clients looking for properties.  Let’s look at the facts!

  • Posted on: 11 September 2018 by lee

Short term holiday rental announcement. (May 22nd 2017)

Tenerife Cabildo convenes meeting with all municipalities to analyse Vivienda Vacacional decree redrafted and unveiled yesterday by Canarian Government
22 MAY 2018
Tenerife Cabildo convenes meeting with all municipalities to analyse Vivienda Vacacional decree redrafted and unveiled yesterday by Canarian Government

  • Posted on: 23 May 2018 by lee

Changes expected in short term holiday rental laws.

THE year was 2012. Owners of tourist apartments on “Utopia Island” were closely monitoring the legal situation regarding the rental of their properties to tourists following years of systematic persecution by the tourist authorities.
Fear and uncertainty was rife. Everyone agreed that something had to be done about the “unfair” and “monopolistic” laws restricting how properties may be rented to tourists, but nobody appeared to have any real answers.
Meetings were held, plans were drawn up and action groups were formed. Group leaders pushed their individual agendas, mostly borne out of ego or financial interest.
The common theme among all groups was to pressure the authorities into reviewing or changing the law, or to challenge the law through the courts.
However, the general consensus among the more influential members of the tourist industry and the community was that such action, in the short term, would be a complete waste of time.

  • Posted on: 25 May 2017 by lee

Latest Update on tourist rentals in Tenerife.

Updated 5 April 2017: A very interesting read with information regarding the new rules and laws with tourist holiday rental properties.

The Canarian Government has announced that its redraft of the Vivienda Vacacional decree will be published in the near future. Tourism minister María Teresa Lorenzo said in Parliament today that the redrafted decree would allow owners to let residential properties to holidaymakers in touristic areas but with conditions attached, most notably related to quality and security being on a par with that offered by existing tourism businesses so as not to endanger the islands’ tourism model.
The decree in its current form allows private letting to holidaymakers of residential property in non-touristic areas (see HERE for detail), but as reported below, the Government has spent the last couple of years redrafting it after the Comisión Nacional de los Mercados y la Competencia (CNMC), which we would know as the Monopolies Commission, said that it “restricted competition and created barriers to the market, thereby unjustly privileging tourism businesses and disadvantaging users”.

  • Posted on: 6 April 2017 by lee