Flat 78 м² in Tenerife, Spain

175 438 $

2 249 $ /м²

4OaQA

Area

78 м²

Bedrooms

Bathrooms

Apartment in the Canary Islands. City - Tenerife

Apartment in the Paraiso del Palm-Mar complex in Palm-Mar. It consists of a living room, kitchen, bedroom, bathroom, storage room, and a large terrace. Living area 54m2, total area 78m2. Sold fully furnished. The complex has a pool. Utility costs are 53 euros per month, property tax (IBI) - 196 euros. Near the beach. Kitchen appliances. Storage room. Pool. Terrace. Furnished. Furnished kitchen.

Additional details

Property type

Residential Properties

Object type

Flat

Price

175 438 $

FAQ

In Spain a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Tenerife; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Spain finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Spain takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Tenerife short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (175 438 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Tenerife: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).