Well said Caroline! I've been trying to avoid responding again on this subject at risk of sounding boring or a kill joy! But really, I find it totally unfair to give someone like Pablado the impression that it's all so fine and hunky dory to buy to rent in Los Gigantes when the situation is far from straightforward and I would not recommend ANYONE buying to rent in Tenerife at this time, particularly with changes to the letting laws imminent. Yes, you can buy in a so called 'touristic' complex - these are few and far between in Los Gigantes and also dare I say, they are some of the least 'desirable' locations. To rent, you are required to register your property with the sole agent who may or may not be able to rent your property - he can also tell you when you can and cannot use it yourself, take a good 'cut' from your rentals and can rent other properties in the complex in preference to your own, and there's nothing you can do about it. In the worst case scenario, he may even refuse to take on your property at all, in which case you are not even then allowed to rent it out yourself, so are again stuck. The current law for touristic complexes is that the sole agent must represent 50% + 1 of the owners. The talk is that the revised law will make it even more onerous as the sole agent has to represent 70% of the owners, giving the agent even more power.
Please be very careful Pablado. By all means buy for your own occupation and enjoyment but please don't be dependant on letting to buy your property. It sounds good in theory but the reality at the moment is that hundreds of people, like myself, have been lured by the same idea only to find we are 'illegal'. Please read Janet Anscombe's site, in detail - I have been following this site myself for nearly a year and it is because of this that I, eventually, reluctantly, withdrew the adverts for my property rental. I have not been fined - yet - but I know people who have been and others who have sold or are in the process of selling their apartments because they are so worried about the huge fines being levied.
I'm sorry, but I did not make the rules and certainly don't agree with them, but because the Canarian Government have now chosen to implement these laws with gusto, it is only fair to make people aware rather than lull them into a false sense of security or to 'hush it up' and let yet more people fall into the trap.