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Expedia Property SL - Tenerife Estate Agents - Repossession Properties

Tenerife Repossessions - Bank Repossession & Distressed Property Sales - Last Updated Dec 2014

Find a Tenerife Repossession Property

We are working with most of the major Financial Institutions who are selling repossessed properties on the Island of Tenerife, some are in coastal areas but the majority are inland.

This website includes actual brand new products but for resale properties we include examples of current price ranges to give you an indication of current availability. If you want us to send you details of resale properties which are currently available please let us know what areas you would choose and give us a brief specification, eg, type, number of bedrooms, budget, location, etc. Please also let us know when you will be able to view properties. Please use our contact page, top right.

The best bank repossession properties get sold very quickly. The properties you see below may still be for sale but do not assume they are, this is a busy market.  We therefore encourage you to let us know what you are looking for, then we can contact you and advise you when a suitable property comes to the market.

Another point to bear in mind is that sometimes the more desirable properties get sold within a few days you you need to be in a position to view quickly otherwise, in the current market you may be dissapointed.

This is a selection of what we consider to be the most appealing new bank repossession properties. Please scroll down to see examples of current prices for resale property in various areas.

Please note we have a specific "Repossessions" category if you are looking for bank real estate using our product search, top left.

Please scroll down to read our Guidance Notes regarding Tenerife repossession properties.

Brand New Properties some with Multiple choice

Parque de la Reina

Anetto III 3 Bed Apartments for sale

Anetto III
  3 Bed Apartments
From €76,200

View Details

Parque de la Reina

Anetto III 2 Bed Apartments for sale

Anetto III
  2 Bed Apartments
From €81,200

View Details

Tijoco Bajo

Tijoco Bajo 2 Bed Apartments for sale

Res. Block
  2 Bed Apartments
From €82,200

View Details

San Isidro

San Isidro 2 Bed Apartments for sale

Res. Block
  2 Bed Apartments
From €47,245

View Details

Tejina

Tejina 3 Apartments for sale

Res. Block
  3 Bed Apartments
€73,260

View Details

Costa Adeje

Mirador del Madronal 3 Bed Townhouses for sale

Mirador del Madronal
  3 Bed Townhouses
€299,900

View Details

Golf del Sur

Aguamarina 1 Bed Penthouse Apartment for sale

Aguamarina
  1 Bed Penthouse
€180,000

View Details

Roque del Conde

Roque del Conde 3 Bed Villa for sale

Upmarket Area
  3 Bed Villa
€671,000

View Details

Puerto Santiago

Lajas de Chapin 3 Bed Apartments for sale

Lajas de Chapin
  2 Bed Apartments
€145,000

View Details

Puerto Santiago

Lajas de Chapin 3 Bed Townhouses for sale

Lajas de Chapin
  2 Bed Townhouses
€165,000

View Details

Puerto Santiago

Lajas de Chapin 3 Bed Townhouses for sale

Lajas de Chapin
  3 Bed Townhouses
€185,000

View Details

Puerto Santiago

Lajas de Chapin 5 Bed Townhousese for sale

Lajas de Chapin
  5 Bed Townhouses
€433,000

View Details

Golf del Sur

San Blas Golf del Sur 2 Bed Apartments for sale

San Blas
  2 Bed Apartments
€148,800

View Details

Resale Properties

The following are example prices of resale properties for sale in Tenerife to give you an indication of the cost of various properties situated in different locations. Remember that other factors like condition and size of the property will also affect these prices. Email us to recieve examples of specific properties.

Location

1 Bedroom 2 Bedroom 3 Bedroom
Adeje €84,000 €170,500
Alcala €56,000
Buzanada €60,000 €77,000
Cabo  Blanco €53,000 €63,000
Callao Salvaje €122,000
Costa Adeje €71,000 €299,000
Costa del Silencio €116,000
Golf del Sur €149,000
Las Chafiras €78,000 €90,000
Los Abrigos €59,000 €77,000
Los Menores €53,000
Palm Mar €73,000 €140,000
Playa San Juan €146,000
Tejina €83,000 €138,000
Tijoco €82,000
Valle San Lorenzo €62,000 €83,000

Guidance Notes

The prices on this website are the lowest offered by the bank, often the bank will run special offers and then increase the price back to what it was before the special offer expired. Due to time lag we sometimes leave the price as it was but that means we cannot guarantee a property can be purchased at our published price, so check with us and we will advise you.

We do not recommend that you consider buying any of these Bank repossessions without viewing them first.

100% mortgages may be available for residents on some properties, subject to status. However non residents will rarely be offered more than 50% loan to value or price.

In order to purchase a property you will need to have available 10% of value to cover Purchase Taxes, Notary Fees and Registration of the property.

Finding quality Tenerife Bank repossessed property is not easy, many of the properties which find their way onto the market via the banks are substandard and in some cases, they have been neglected or have even suffered damage. We try to market the ones in popular areas which have the best investment potential.

The information we get from the banks is what they send us, if we have inspected a property we will more than likely display the level of information you would expect to see. However we do not have time to inspect all these properties so our web site may be lacking in information for some properties. We will try and answer your queries so please do not hesitate to ask.

All you need to do is tell us which properties you wish to see and when. We will then arrange viewings for you to inspect the properties.

We do not guarantee the accuracy of information supplied by third parties in connection with bank repossession property on this website.

Buying a Bargain Property for investment

We do also have Tenerife bargain property which is not being offered through the financial institutions, property owners sometimes have to sell properties in distressed circumstances and many of those properties are being offered below market value.

If you are buying a property for investment remember that there is a wide range of cheap property available outside of that being offered by the Financial Institutions. You will find that most of the repossession properties are apartments, villas are much rarer. You can search our website specifically for Tenerife Bargain Property.

If you need investment advice we are pleased offer our help but please do some research first and ask specific questions. We are not investment advisers but we do have a sound knowledge of the current Tenerife property market. We are more than happy to offer you the benefit of our experience.

At the moment most people are looking to buy holiday studios because they provide the best rental return but you need to check that a property is on a complex which has a Touristic Letting Licence. Those complexes tend to have higher community fees so be careful to check the numbers before you buy.

Other Resources

Real Estate agents
Worldwide real estate companies directory and property buyers and sellers guide.

Real Estate Directory - An online resources of real estate brokers, mortgage lender, inspection service and more.

RealestateJump.com - Real Estate Directory and information on the web.

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