New apartment with a terrace in a residential complex with a pool, a garden and a parking, Puerto de Santiago, Spain

278,000 €

2,527 € /m²

£247,000

£2,245 /m²

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Total area
110 m²
Bedrooms
3
Bathrooms
2

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Features

Total rooms: 4
6-floor building
Completion in: 2021.IV
Balcony or terrace
Swimming pool
Garden
Car parks

An apartment in a newly built house in Puerto de Santiago, municipality of Santiago del Teide, a 25-minute drive from Costa Adeje and 35 minutes from Los Cristianos. The complex is located in a quiet residential area, just a 12-minute walk from the famous Playa La Arena with the blue flag of UNESCO, near the promenade, in an area with a very good and developed infrastructure.

The project started in January 2020 and it is planned to complete it in less than 24 months. The building consists of 30 apartments of 1, 2, 3 and 4 rooms, distributed on 6 floors, in two blocks. Some apartments will have frontal or side sea views.

A communal pool, gardens, a gym will be located on the roof of the house, according to the plan, the complex has an elevator in each block, high-quality materials are used in the decoration.

Garage premises are sold separately at a price of € 17,000 per space of 11.43 m² to € 22,120 per space of 15.80 m².

Extra opportunities

We can help you to get a mortgage on favourable terms. A residence permit can be obtained with the purchase of this property. Please ask our team for more information.

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Interior

This apartment has three bedrooms, two bathrooms, a living room, a kitchen and a terrace.

Location and nearby infrastructure

Puerto de Santiago is a small resort town with several beaches located in the southwest of Tenerife. In recent years, the city is often chosen by tourists for wintering in Tenerife.

The main attractions are the cliffs of the Teno massif — Los Gigantes cliffs that rise above the ocean to a height of 600 m, a fishing museum that tells about the history and development of fishing skills, as well as the cleanest beaches of Playa Chica, Los Gios and Playa de la Arena covered with black volcanic sand.

Property on the map

Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other new homes for sale in Spain.

You can see more new homes for sale in Santiago del Teide elsewhere on our website.

How to buy property with Tranio

Enquiry

Send us an enquiry with an approximate description of the property or investment project you’re interested in.

Meeting the partners

After clarifying your enquiry, we will introduce you to our partners and/or local agents.

Offer selection

We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

Viewing tour

You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

Transaction closure

Having chosen the best property, you will sign the sales or investment agreement (for development).

FAQs

Can I get a mortgage abroad?

It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

How does the purchase procedure work?

The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

Can a residence permit be obtained by buying property?

In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

Can I obtain income from a seaside apartment?

Yes. You can use the purchased property yourself for holidays and lease it to tourists for the rest of the time. To avoid the hassle of finding tenants and cleaning the property, it’s a wise idea to hire a management company to do all the work – these services usually cost about 20% of the rent. Take into account the length of the tourist season in the location you choose: in certain regions it will be easy to rent apartments out all year round, while in others it might only be possible to do so during the high season.

How does Tranio make money if your service is free for the clients?

We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

Who guarantees the transaction security?

The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.