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Price falls of between 2% and 6% have been seen, especially in the South.

Value It, the Santa Ursula based publisher of The Tenerife Property Price Guide, today releases the results of its survey of Tenerife property prices, showing falls in prices for the three regions of Tenerife, (the South and South East, the North, and the Metropolitan region).

During the last six months, property prices have fallen by 3,48% in the South and South East (from Candelaria around the coast to Santiago del Teide). In the North, prices have fallen the least, by 2,64%, and in the Metropolitan region (Santa Cruz, La Laguna, El Rosario and Tegueste) prices have fallen by 3,27%. When general inflation is taken into account (2,1% over the last six months) the real falls are 5.6% in the South, 4,7% in the North and 5,4% in the Metropolitan region.

John Gardner of Value It commented: “These are averages for these regions, and are based upon a survey of 6250 properties for sale. Within each region there have been greater falls in some areas and for certain property types, and a few areas are level with inflation or still seeing prices rise.

Puerto de la Cruz has seen falls below the average for example, while the falls in Adeje are consistent with the southern region as a whole. The answer for people looking to buy in Tenerife is thorough research and knowing the pricing trends in the areas and for the property types. There is no substitute if you want to buy well and protect your investment. For those thinking of selling they can work out what would be a good or competitive price to ensure that they attract serious buyers”.

Facelift for Puerto De La Cruz

Posted by dolly diver on April 11, 2008
Posted in News about Tenerife  | Tagged With: | 1 Comment

Puerto de la cruzPuerto de la Cruz in is due to receive a “facelift”.

The overhaul is estimated at around €12 million (£9 million) and as tourism is the primary industry in this region and the move has been described as “essential”.

“We are keen to develop and boost tourism in Puerto de la Cruz and now have a dedicated team in the local council focused on promoting the best we have to offer in both the Spanish and international markets,” mayor of Puerto de la Cruz, Dolores Padron Rodriguez, commented.

Severe gales in the region

Posted by dolly diver on April 11, 2008
Posted in Local News  | Tagged With: , , , ,

Rough sea in Puerto De La Cruz
Picture: Puerto de la Cruz – Sunday

Many parts of the Canaries yesterday were still in the grip of the ferocious winds that have battered the region since Saturday.

Hundreds of flights were cancelled in La Palma and Gran Canaria due to the high wind speed.

Puerto de La Cruz and other northern areas of Tenerife were badly hit. Local police and firemen were kept busy with calls for assistance and several major tourist attractions closed as a precautionary measure.

Winds speeds in excess of 130 kmh were recorded and major damage was caused to one apartment block.

The authorities also ordered the closure of schools in El Tanque and Icod de Los Vinos. In all, almost 60 schools in Tenerife closed.

Closer to home – Los Gigantes has escaped severe wind damage but high seas, cloud and a bit of rain have kept the tourists off the beaches. All whale and dolphin trips as well as diving excursions were cancelled.

Editors comment – Still much warmer than UK!!!