When purchasing a property in Tenerife there are additional buying costs to consider and these are as follows:

Search Fees

Purchase Tax

Registry Fees

Once signed at the Notary offices, the Title Deeds “Escritura” must be presented in the Land Registry office where the new owner’s details are registered.
This process takes approximately one month.

Payable to the land registry office upon registration of the title deed.

Plus Valia Tax

The increased value of the land, which is calculated at various rates on the increasing annual value since the previous sale.
Legally the vendor is liable for the “Plus Valia” tax but in practice the purchaser is often asked to pay all fees & taxes for transferring the property.

Payable to the Local Town Hall after signature of the title deed. 

Los Cristianos Properties can attend to all these and other matters associated with the purchase of a property in Tenerife, including:

• NIE numbers - SPANISH IDENTIFICATION NUMBER
• opening bank account
• paper work - changes - electricity, water, community fees,  etc.