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Single Apartment/Villas available at below market value
This opportunity often occurs as a result of tenant abuse under long lets. Invariably such cases require us to refurbish furniture (most re-sale properties in Tenerife are sold furnished) install new kitchens and bathrooms and generally re-decorate. Through the Willow team we have specialist contractors at our disposal. The average price for a complete furniture and fabric make-over is in the region of four thousand pounds. This generally leaves a significant margin of profit. Sometimes these opportunities come along because an ex-pat owner is under pressure to realise capital quickly. We can benefit ourselves and the owner in these circumstances by our ability to pay for the property in a variety of currencies, offshore and therefore tax-free to the owner. We find ourselves frequently in the position of being able to take advantage of these opportunities through the very close association that, members of our team have with various financial institutions, community administrators, and many ex-pat societies. |
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