Situated in the picturesque province of Santa Cruz de Tenerife, Adeje is a destination abundant in history and culture. Famous for its historical attractions such as Casa Fuerte, a fortress from the 16th century, and the Church of Santa Úrsula, Adeje emanates the charm of antiquity. This charming town stands majestically overlooking the Atlantic Ocean, presenting epic views of nature and is located in the southwest of the island of Tenerife, giving residents and visitors easy access to fantastic beaches and mountains.
Exclusive Property Market in Adeje
The luxury property market in Adeje is strong and stable, with a healthy demand for luxury homes and apartments that matches the constant supply. The political and economic situation in Adeje is stable, further supporting the strength of the luxury real estate market.
Costs Associated with Buying Luxury Homes in Adeje
When buying a home in Adeje, the buyer usually pays a commission of around 5-10%. Additional costs to consider include property transfer tax (6.5% in Canarias), lawyer's and notary's fees and possible building inspection costs. Sellers also usually pay a commission of 5 to 10%.
Taxes in Adeje
The wealth tax in Adeje is approximately 0.2 - 2.5% on real estate. Residents have a marginal tax rate of 48% depending on the income band. For businesses in Adeje, the profit tax is 25%. It is important to note that, if you sell a privately-owned house or apartment, you have to pay taxes on the profits in certain cases.
Premium Residential Areas in Adeje
The most sought-after and expensive areas in Adeje are Costa Adeje, Fañabé, San Eugenio, and Playa de las Americas, where homeowners enjoy a truly luxurious life.
Accessibility of Adeje
Adeje is accessible by road and is served by a developed public transportation network. The nearest larger city is Santa Cruz de Tenerife, which is about 80 km away. Nearby airports include Tenerife South Airport and Tenerife North Airport.
Education and Services in Adeje
Adeje has excellent nearby schools and universities, such as the University of La Laguna. Hospitals and clinics are available for medical care, and the infrastructure is highly developed.
Lifestyle and Culture in Adeje
Adeje is known for its rich natural environment, mild climate and a large selection of outdoor activities, from water sports to hiking. In Adeje, you will find luxury shops, fabulous restaurants like El Molino Blanco, and cultural events, such as the Costa Adeje Jazz Festival. Local museums, such as the Adeje History Museum, bring the area's history and culture to life. In summary, Adeje is synonymous with luxury and privileged living.
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