Buying property in Spain (Tenerife) : 5 must-know facts :: Architect's opinion

[@AxiMolnar]

I made a guide all about how to choose the best location for a home & I'm giving it away for free for a limited time. Head to my site to get it: aximolnar.com/

[@alexmurgan1550]

Hi Axi, please do a video about your experience with buying land or a house in Tenerife. I'm sure a lot of people will enjoy it and find it helpful. All the best!

[@kerimallami]

Excellent video! As someone who is currently searching for properties in Tenerife, I found this video to be extremely informative and helpful. Axi, thank you so much for creating such valuable content. Your insights and advice have been invaluable. If you have any more videos about buying a home in Tenerife, I would love to see them!!!

[@AxiMolnar]

Thanks for the comment Kerim! That's the plan, to keep making videos :D Good luck with your search! 🍀

[@kerimallami]

@@AxiMolnar Sounds great Axi. Can' t wait. Already subscribed and ready to watch haha!

[@deamorydeollasrecetas]

Buy a house not a flat in a building. Community rules don't work very well in Spain. If You pay the costs of community services, the another neighbor don't pay nothing... And you have a lot of stress. I think it is better to have a little house. Then your house, your rules, your decides, not Stress. Greetings from Germany

[@willconhuelsemann4565]

buen punto !

[@AxiMolnar]

Good point! Depends on the budget as well I guess, houses are way more expensive than apartments🍀

[@deamorydeollasrecetas]

@@willconhuelsemann4565 🙂

[@krzyszt0fus]

What about showing the island, property locations, environment around properties and example properties with their flaws? 🤗

[@AxiMolnar]

so many videos can be done about this! thanks for the suggestion, I'll definitely work on it!🥰

[@krzyszt0fus]

@@AxiMolnar It is just an idea, looking forward 😄

[@nuttyoncrypto9863]

very wise words ... thanks

[@Olympia4People]

Investments!!!!! Buying a property!!!! I strongly suggest most people read "Rich Dad Poor Dad" by Robert T. Kiyosaki ... hence, acquiring better understanding of financial literacy - especially when it comes to understanding the word "investment" in regards to buying or not buying property. There exist such a concept called "cashflow literacy" = understanding the correlation between income, expenses, assts, and liabilities. Otherwise a delightful presentation, miss Axi ;-)

[@nicus1504]

Anyone thinking of buying a property in Tenerife should know that the first day of owning it they are 15% down on value considering real estate agent commision & taxes.

[@AxiMolnar]

There's indeed additional fees, but it's not 15% just for the real estate agent. Roughly 10% of fees include also notary fees and legal mandatory fees of moving the property title. This is not just in Tenerife, there are extra fees in many other regions and countries 🙏

[@nicus1504]

@@AxiMolnar 10% taxes & fees + 5% agent’s commission equals 15%. If you buy a 200k property, it will cost you ~220k. If you want to sell it, you’ll be at break even at ~230k price.

[@KaleyMcG]

​what about Capital Gains Tax? @@nicus1504

[@stevensantana8049]

Hello I always wanted to go there and get a feel of the place

[@dianparrotta2118]

Hi! How would a buyer know of the future conditions of the complex you buy? How does the buyer check if the apartment complex will continue to maintain the pool and grounds?

[@AxiMolnar]

Thanks for your questions, good ones! For knowing the future conditions of the complex: ask the real estate agent, they should (and must) answer all your questions. If you have questions like the ones I mentioned in the video, you can ask even more precisely. You can require to see the complex's terms and conditions before you buy. And for checking that the complex will be maintained: you can never know for sure, but you can ask how much of the complex is currently occupied, how many people are living there, and who are the other owners in the complex. If there are not many people living there, the chances of having it maintained decrease a little. This is what we were looking at, but of course, it can by no means be guaranteed or known for sure 🙌🏻

[@dianparrotta2118]

@@AxiMolnar that is what brings me to take an interest in buying a private home and joining a gym or pool community club.

[@MsMarcelinjo]

like your video! thanks for sharing really good stuff. if you need some drone shots I have some for you

[@alisonworthington7675]

Please can I have the name of the agent you used please?

[@DMusique]

Do you have a video up about the buying houses in Spain or Canary Islands? Would love to check them out. Thank you, this was very helpful!!

[@AxiMolnar]

see here some other videos: www.youtube.com/@AxiMolnar 🍀🍀

[@user-nm6sb4nb6h]

Hello Axi, very informative video 👌🏽 well done! May I ask your agent please?

[@AxiMolnar]

Write me an email with what you're looking for, so I know the best way to point to you 🙏

[@yanassi]

Interesting, does the real estate agent’s “other things” (as it applies to the property one is interested in) is done as a policy or is there a legal requirement?

[@AxiMolnar]

Hey Yanassi! It's not a legal requirement, but it's extremely convenient as they deal with the bureaucracy of preparing the sale. They check that the property has the papers in order, that there isn't any debt for utility payments/other fees and they also arrange for the automatic payments to be transferred to the new owner.

[@horatiuvalcu9356]

nais !

[@taradavis8175]

Hi Axi, I love your videos and would be interested in contacting you re the contact details for your estate agent particularly if they are in Santa Cruz.thanks ken

[@AxiMolnar]

Hey, they are working just in the south of the island, unfortunately not Santa Cruz :(

[@eraldoambo9448]

How much is the minimum price of the cheapest zone of tenerife

[@AxiMolnar]

Minimum price depends on what you want 😅 you can browse real estate sites to get an idea🍀

[@Vesna-k8u]

Hi Axi, can you please send to me the contact detail of your agent? I am interested in long-term rent of apartment in Santa Cruz as I am relocating there with my family, so I really need some reliable person who can tackle all our needs in this process.

[@AxiMolnar]

Hey Vesna! Please write to me at the email address in the video description with more details about what you look for 😊 Happy to look for someone to recommend

[@user-th9nm1ow2p]

Can i have the agent's contact info please? Thank you

[@AxiMolnar]

Hey! Write me an email with some details about what you're looking for and I'll take it from there 🙏

[@achihussein2642]

Hi dear Please share the email of the real-estate agent, I am looking to buy a small house in Tenerife

[@AxiMolnar]

Replied to your email🍀

[@ArtoriusDesign]

You're saying "basically" every 30 seconds.

[@irenmolnar221]

Hallo look like you have a same last name!!!

[@AxiMolnar]

🍀🍀

[@irenmolnar221]

@@AxiMolnar I'm looking for my lost sisters!!!

[@roberttwardowski9711]

There is No such Thing as buyers Agent honey! They Always Work for the seller.

[@hanb714]

NEVER ever buy property in Spain !!. Number of Okupas is increasing every year. It take years , and a lot of money, to get rid of them. They get more and more "professional", have layers, supported syndicates , and the spanish goverments are doing nothing. The laws are made to protect Okupas, not propoertyowners.

[@kirbymoody6013]

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