English 
Spanish 
info@calahomes.es
Phone
+34 628 721 994
info@calahomes.es
Phone
+34 628 721 994
Cala Homes offers its clients access to a wide selection of properties in the best locations in Tenerife. In addition, we have off market properties available only to our clients. Our team of experts provides advice on investments, transactions and legal aspects, guaranteeing a comprehensive and personalised experience even after the purchase.
For us, it’s essential that purchasing your new home is an enjoyable process and that the property is the perfect fit for you.
We offer our clients a comprehensive service, not only managing our own properties but also those of our collaborators, which allows us to cover the entire real estate market. This way, you can take advantage of our knowledge and receive advice on the best properties that meet your needs efficiently.
Our sales agents become your personal agent, so you don’t have to contact multiple intermediaries or carry out all the searches on your own. Additionally, we help coordinate visits and personally show you the selected properties.
Before you begin your property search in Tenerife, it’s crucial to clearly define the price range in which you wish to invest. This will not only help you focus your search on properties that fit your budget but also allow you to manage your expectations realistically.
In addition to the purchase price, it’s important to consider all additional costs associated with acquiring a property, which can include:
At Cala Homes, we’re here to help you understand and plan for all these associated costs. We provide detailed information on each expense so you can make informed decisions and ensure a seamless buying experience without surprises. Our goal is for you to have a clear vision of your investment and a smooth, hassle-free purchase experience.
A key part of the property buying process in Tenerife is familiarizing yourself with the different areas of the island to identify which best suits your needs and preferences. Tenerife offers a variety of zones, each with its own characteristics, advantages, and lifestyle.
The island has a wide range of areas, from coastal and tourist spots to quiet and exclusive residential areas.
It’s important to research the real estate market in each area that interests you. This includes knowing average prices, property availability, and current market trends. It’s also useful to understand the future development of areas, such as infrastructure projects and new constructions, which could affect property values.
At Cala Homes, we are local experts with deep knowledge of the Tenerife real estate market. We’re here to advise you on the best areas that match your requirements and preferences. Whether you’re looking for a property in a vibrant coastal area, a quiet residential neighborhood, or a location with growth potential, our team will provide detailed and personalized information to help you make informed decisions.
Our goal is to ensure that you find the perfect location that fits your lifestyle and expectations, and we’re happy to offer our expertise to make your search as efficient and satisfying as possible.
Selecting a real estate agent with experience and in-depth knowledge of the local market is crucial for finding the right property and successfully navigating the buying process. While the internet provides 24-hour access to information, researching and purchasing a property on your own can be challenging and is often a common mistake.
Real estate agents exist for an important reason: their experience and specialized knowledge add significant value to the buying process. Here’s why having a real estate agent is beneficial:
At Cala Homes, our team of real estate agents is highly trained and ready to offer you complete assistance, from the search to the final negotiation. We are here to make the buying process as smooth and successful as possible, protecting your interests every step of the way.
Foreigner Identification Number (NIE)
The NIE (Foreigner Identification Number) is a sequential identification number assigned to foreigners, necessary for personal identification and to carry out virtually any transaction in Spain: opening a bank account, obtaining a phone number, working, studying, etc.
If you’re planning everything from abroad, you can apply for a NIE through the Spanish consulate. If you’re already in Spain, you can do it in person at a police station.
In Tenerife, the necessary documentation to apply for a NIE includes:
It’s important to plan ahead, as it can be difficult to get an appointment at the police station in Tenerife during certain times of the year.
In Spain, there are two types of NIE:
Bank Account in Tenerife:
In Tenerife, opening a bank account is not always necessary to purchase a property. In some cases, the transaction can be done through an escrow account managed by a notary. This method ensures that the money is securely held until the property transfer is complete.
If you do decide to open a bank account in Tenerife, it can be done once you have your NIE. Remember that in Spain, you are required to be physically present at a bank branch to open an account.
Requirements to open a bank account:
In addition to the standard documentation, some additional documents may be requested. The documents may need to be officially translated into Spanish and, if from abroad, may require an apostille. Most banks won’t charge a fee for opening an account, but there may be an administrative fee (annual, monthly, or quarterly).
At Cala Homes, we assist you in both processes, from obtaining your NIE to opening your bank account. Our team is here to facilitate every step along the way. Don’t hesitate to contact us for personalized assistance and ensure that all processes are handled efficiently and smoothly.
Once you’ve defined your criteria and budget, the next step is to visit the properties that interest you. It’s essential to evaluate each one in detail, considering aspects like location, features, and overall condition. Here are some tips to optimize this process:
better suit your needs.
At Cala Homes, our goal is to make the process of selecting your property in Tenerife as smooth and satisfying as possible. We are here to guide you through each visit, ensuring you consider all important aspects, and helping you find the ideal property that meets your expectations.
Once you’ve found the ideal property, the next step is to submit a formal offer. In this process, your real estate agent will be key, assisting you in negotiating the price and purchase conditions, always protecting your interests.
It’s important to make a reasonable and serious offer, as the more formal and well-structured your proposal is, the greater the chance of reaching a favorable agreement.
At Cala Homes, our agents are trained to conduct successful negotiations, ensuring you get the property of your dreams under the best possible conditions. We will accompany you at every step, ensuring that the process is transparent, efficient, and that your interests are always protected.
The legal process is essential to ensure that the purchase of your property is carried out without problems or complications. To this end, it is essential to have the assistance of a lawyer specializing in Real Estate Law, who will oversee all legal aspects and protect your interests.
At Cala Homes, we carefully review the simple notes of each property before putting it up for sale, ensuring everything is in order. Alongside our specialist lawyer, we also verify that the property has no outstanding debts or encumbrances. In the event we find any, we work to locate and settle them before the property transfer, preventing any future inconveniences.
Our lawyer will handle the following key areas:
By working with Cala Homes, you can be confident that the legal and financial aspects of your property purchase are fully under control, ensuring a smooth and hassle-free purchase.
The final step in purchasing a property is the formalization of the transaction, which takes place with the signing of the sales contract and the transfer of the agreed funds. It’s crucial that at this point, all documents are in order, and the property transfer is completed without issues.
At Cala Homes, we accompany our clients on the day of the notary to ensure everything runs smoothly and correctly. We ensure that all legal and financial aspects are properly managed, from signing the deed to the official transfer of the property.
Our services include:
At Cala Homes, we ensure that the final process of acquiring your property is as smooth and uncomplicated as the rest of the experience. Your peace of mind is our priority!
After the purchase, it’s important to conduct a final inspection of the property and coordinate the necessary services for your move. This step ensures that your new home is ready to be enjoyed without any issues.
At Cala Homes, our commitment doesn’t end at the notary. We continue to support our clients and provide assistance in anything they need after the purchase, offering a wide range of post-purchase services:
We take care of every detail so that you can enjoy your property in Tenerife without any complications. Your peace of mind is our priority!
In Tenerife, there are several types of private contracts that you can sign when purchasing a property. Below are the most common ones:
This document, signed by both the buyer and seller, allows the property to be reserved for a set period, usually between 7 and 14 days, or longer, depending on what has been agreed upon. During this period, the buyer must pay a reservation fee, which usually ranges from €5,000 to €20,000, or 1% of the purchase price, depending on what has been agreed between the parties. This fee guarantees that the property will be taken off the market.
If the buyer decides not to proceed with the purchase, they will forfeit the reservation fee as compensation for having withdrawn the property from the market, unless the contract includes specific clauses allowing them to back out without losing the money.
Once the reservation contract is signed, the next step is to formalize a private contract in which a payment equivalent to 10% of the purchase price is made, including the reservation fee already paid. If 1% was paid during the reservation, the remaining 9% will be paid at this stage. In some cases, this step may be skipped, especially with high-value properties.
There are three types of private contracts that you can sign when making this payment:
a. Earnest Money Contract (Arras Contract): This contract allows the seller to withdraw from the sale if they return double the amount paid by the buyer. However, if the buyer withdraws, they forfeit the 10% paid. Although it penalizes the seller, it gives them the option to back out of the deal.
b. Private Sales Contract: This contract is less common because it obligates both the buyer and seller to follow through with the transaction. If either party decides not to comply, the other can legally compel them to do so. Therefore, it is a more binding and rigorous contract.
c. Purchase Option Contract: In this contract, the seller cannot back out once it’s signed, while the buyer has the option to decide whether they want to proceed with the purchase. If the buyer does not exercise the option, they lose the 10% paid, but there is no penalty for the seller.
If you wish to finance the purchase with a mortgage, it’s advisable to begin the process as early as possible, as approval can take up to two months. Banks in Spain generally
require documentation proving regular income. The general conditions of a mortgage in Spain may vary depending on the bank, the client’s profile, and the type of mortgage, but overall, the main aspects are as follows:
Financing Percentage:
Mortgage Term:
Early Repayment Fee:
Additional Requirements:
Average Interest Rates:
Other Related Expenses:
These conditions may vary, and it’s advisable to review the current offers from various financial institutions to find the most suitable one for your situation.
The process of finalizing the purchase is carried out at the notary, where all the involved parties must be present: buyers, sellers, their legal representatives, and bank representatives if a mortgage is involved. Once the deed is signed, the property is immediately transferred to the buyer, who assumes full responsibility. Payment for the property can be made by bank checks or OMF transfers (Funds Movement Orders) through the Bank of Spain, ensuring security for both parties during the transaction.
These methods ensure that the transaction is handled transparently and securely, protecting both the buyer’s and seller’s interests.
Afterward, the deed is registered with the Property Registry, a process that can take up to three months. With a simple copy of the sales deed, you’ll be able to transfer the ownership of services like water, electricity, gas, and homeowner association fees into your name.
Subscribe to our newsletter to keep up to date with everything that is happening in the real estate market. Receive first-hand news, exclusive content and updates about Cala Homes. Don’t miss out on anything new and stay well informed with detailed market reports, lifestyle news and exclusive event invitations..
