Acorán - Candelaria - Tenerife North

Tabaiba, a gem nestled in Tenerife, embodies beauty, history, and exclusivity. Its origin dates back to an ancient dock and fishing area inhabited by the Guanches, the aboriginal inhabitants of the Canary Islands. This town, nestled at the foot of the grand cliff of Tabaiba, offers panoramic views of the Atlantic Ocean. Its proximity to both nature and the capital, Santa Cruz de Tenerife, makes it an unbeatable choice for those seeking to live in a luxury environment.

Exclusive Property Market in Tabaiba

The demand for luxury properties in Tabaiba is strong, reflecting its growing popularity among those seeking an exclusive lifestyle. Unlike other real estate markets, Tabaiba's has proven to be stable, even during times of economic uncertainty. The balance between supply and demand is a constant, but the inventory of exclusive properties is limited, which puts upward pressure on prices.

Costs Involved in Buying a Luxury Property in Tabaiba

Purchasing a luxury home in Tabaiba involves several additional costs. The average real estate commission varies but generally represents around 3%-6% of the property price, for both buyer and seller. It's important to consider other expenses such as the Property Transfer Tax (PTT) which ranges between 6.5%-10%, notary fees, possible building inspection costs, and legal costs. As for the wealth tax, Tabaiba requires property owners to pay a certain percentage of their property value, although this tax can vary on a case-by-case basis.

Financial and Tax Aspects

Regarding obtaining a mortgage to buy a house in Tabaiba, terms can vary depending on the client's profile and the bank. However, typically, the financed amount can be up to 80% of the appraised property value. Concerning the tax aspect, profits from selling a privately owned house or apartment used as a main or secondary residence in Tabaiba are subject to tax, even though there are some exemptions.

Luxury Living in Tabaiba

Tabaiba is renowned for its exclusive residential areas with luxury properties. Areas like Tabaiba Alta are particularly sought after due to their incredible sea views and tranquility. Access to Tabaiba is straightforward thanks to the Northeast Motorway and its proximity to Tenerife North Airport. The town boasts renowned public and private schools and is only a few minutes drive from the University of La Laguna. Tabaiba's natural wealth, subtropical climate, and high-quality infrastructure allow a wide variety of outdoor activities and sports, such as diving and hiking. The town has a broad selection of luxury stores and high-quality restaurants, adding even more to its appeal. Regarding health facilities, Tabaiba has several private hospitals and clinics in its surroundings. The public infrastructure is excellent, and despite its serene location, Tabaiba provides all the necessary services for a luxury lifestyle.