Güímar is a town with a rich history located on the island of Tenerife, in the province of Santa Cruz de Tenerife. Famous for its recently discovered pyramids and the Güímar Valley, this area combines an impressive natural environment with a fascinating cultural heritage. Situated in the southeast of Tenerife, Güímar offers a privileged location close to both the sea and the mountains. Its climate is pleasant throughout the year, making it an attractive place to live and enjoy.
Exclusive Property Market in Güímar
The exclusive property market in Güímar is stable, with an offer that adequately meets the current demand. Luxury properties are highly sought after, especially in residential areas like the Güímar Valley and nearby areas with panoramic views of the Atlantic. The political and economic situation in Güímar is stable, providing a secure environment for investing in luxury real estate.
Costs and Commissions for Buyers and Sellers
When buying a luxury home in Güímar, buyers should consider additional costs such as the transfer tax and notary fees. Currently, the private property transfer tax is 6.5%. The average real estate commission for a buyer is around 3% of the sale price, while the seller typically pays around 5%. It is important to conduct building inspections and obtain legal advice to ensure a smooth transaction.
Property and Capital Gains Taxes
In Güímar, the private property tax varies according to the cadastral value and must be paid annually. No specific wealth tax is applied. When selling a property used as a primary residence, exemptions on the profits obtained may apply, while for second homes or vacation properties, a 21% capital gains tax should be considered.
Mortgage and Financing Requirements
Generally, buyers in Güímar can obtain up to 80% of the appraised value of the property through a mortgage. Financial requirements include a detailed evaluation of domestic and foreign capital, in addition to meeting certain income and debt-to-income ratio criteria.
Accessibility and Proximity to Major Cities
Güímar is well connected by road via the TF-1 motorway, providing easy access to the capital, Santa Cruz de Tenerife, located about 28 kilometers northeast. For national and international flights, Tenerife North Airport is approximately 35 kilometers away, while Tenerife South Airport is 40 kilometers away.
Education, Health, and Infrastructure
The area offers several educational options, including schools and training centers. In terms of health, the University Hospital of Nuestra Señora de Candelaria is about 20 kilometers away. Güímar boasts quality public infrastructure and good availability of services, enhancing the living experience for its residents.
Lifestyle, Entertainment, and Culture
Güímar has an incredible environment with nearby beaches and nature trails. It offers sports activities such as hiking and water sports. In the cultural field, annual events like traditional festivals and proximity to sites such as the Pirámides de Güímar Ethnographic Park stand out. Additionally, the area offers a variety of high-quality restaurants and luxury shops, enriching the lifestyle of its residents.
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