San Eugenio, located in the picturesque province of Santa Cruz, has evolved from a quiet settlement to a vibrant luxury hub on the southern coast of Tenerife, Spain. With its rich history dating back to the 15th century, San Eugenio is home to several historical sites and architectural monuments that reflect its colonial past. Its proximity to the Atlantic offers stunning views and a natural environment highlighted by golden beaches and crystal-clear waters, attracting those seeking a lifestyle integrated with nature. Strategically located near major access routes, San Eugenio has become a coveted gem in the luxury real estate market.
Exclusive Property Market in San Eugenio
Currently, the exclusive property market in San Eugenio remains strong, characterized by high demand that exceeds the current supply of luxury homes and apartments. This competitive scenario creates exciting opportunities for both investors and buyers seeking exclusive residences. The area's political and economic situation is stable, offering confidence to both foreign and domestic investors.
Luxury Property Acquisition Costs
When considering the purchase of a luxury property in San Eugenio, buyers should account for several additional costs. The transfer tax on private property is 6.5%, and real estate commissions should also be considered, which typically represent 3% for buyers and 5% for sellers. Additionally, notary fees, potential construction inspection costs, and legal advisory fees should not be overlooked.
Financing and Mortgage Options
For those interested in financing the purchase, San Eugenio offers competitive mortgage options. Generally, banks may offer up to 80% of the purchase price to buyers with a strong financial situation and a good credit history. However, it is essential to meet income requirements and demonstrate the ability to pay.
Environment and Lifestyle in San Eugenio
San Eugenio offers a pleasant climate year-round, ideal for enjoying various outdoor activities such as golf, water sports, and excursions. The community boasts luxury shops, exclusive boutiques, and gourmet restaurants such as "La Terrazza del Mare" and "El Molino Blanco." For nightlife entertainment, there is a vibrant nightlife with elegant clubs and casinos. San Eugenio's proximity to pristine beaches and natural parks provides an unparalleled setting for nature lovers.
Education and Health Services
San Eugenio is well-equipped with quality educational institutions, such as the Colegio Internacional Costa Adeje and Tenerife International School. It also offers access to excellent medical services with renowned hospitals and clinics, such as the Hospital Quirónsalud Costa Adeje, ensuring the health and well-being of its residents.
Accessibility and Connectivity
San Eugenio's connectivity is excellent, thanks to its proximity to the TF-1 highway, which provides quick access to Santa Cruz de Tenerife, the nearest major city, located just 80 km away. Tenerife South Airport is approximately 15 km away, facilitating national and international flights. This robust infrastructure makes San Eugenio a perfect place for those who appreciate convenience and luxury.
Culture and Events
The cultural offerings in and around San Eugenio are rich and varied, with annual events celebrating the area's history, music, and art. Museums and galleries, such as the Tenerife Contemporary Art Museum, offer unique exhibitions that attract both visitors and locals alike.
These features make San Eugenio a preferred destination for those seeking a luxurious living experience, combining the best of historical tradition with modern amenities and stunning nature.
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