Property of the week / Propiedad de la semana

Wonderful apartment for sale on one of the most sought-after complexes in the south of Tenerife, Santa Maria in San Eugenio. This apartment consists of 1 bedrooms, 1 bathroom, a fully equipped kitchen, lounge/dining area and an amazing terrace enjoying breath-taking panoramic sea and mountain views!!! This apartment is sold fully furnished. The complex has 2 swimming pools, a reception, 24 hour security, parking and is located close to all amenities - ONLY a few minutes stroll from the beach. By far one of the best apartments on this popular complex. Perfect home in the sun or rental investment and at a very good price! What more could you ask for? Contact us today on (0034) 922 790 021 or UK: 0871 711 5079 admin@sunway-tenerife.com

Maravilloso apartamento en venta en uno de los complejos más buscados en el sur de Tenerife; Santa María en San Eugenio Bajo. Este apartamento consta de 1 dormitorio, 1 baño, salón / cocina totalmente equipada, comedor y una magnifica terraza disfrutando de vistas impresionantes y panorámicas al mar y la montaña! Este apartamento se vende totalmente amueblado. El complejo cuenta con 2 piscinas, una recepción, seguridad las 24 horas, parking y está situado cerca de todo - a sólo unos minutos a pie de la playa. Sin duda, uno de los mejores apartamentos en este complejo popular. Perfecto apartamento para la inversión o para alquiler y en un muy buen precio! ¿Qué más se puede pedir? Póngase en contacto con nosotros hoy en (0034) 922 790 021 o admin@sunway-tenerife.com

An overview of the Euro debt crisis and how it affects Tenerife (Spain)

In Spain, the crisis was generated by long term loans, the building market crash which included the bankruptcy of major companies, and a particularly severe increase in unemployment, which rose to 13.9% in February 2009.

The cause of the European debt crisis, in its simplest form, was overspending by (mainly southern) European governments during the last decade, and especially after the 2008 financial crisis. The ECB (European Central Bank) enabled artificially low risk premiums on interest rates of government debt belonging to the so-called PIIGS countries (Portugal, Ireland, Italy, Greece and Spain). And these artificially low rates facilitated and encouraged the overspending.

Spain saw its borrowing costs leap to a nine-year high this week as the euro zone debt crisis continued to dominate the financial markets whilst more than £5bn was wiped off the value of three of Britain's biggest banks on Monday as global financial markets took fright at the deepening crisis in the euro zone.

The European currency is facing the biggest crisis of its 12-year existence, threatening major economies such as Italy and Spain after three small members (Greece, Ireland and Portugal) needed financial rescues. Tenerife has been affected by the crisis in a number of ways: Rising costs across the board and heavy unemployment. The island relies on tourism for its main source of income, restaurants, hotels and stores etc. Luckily, tourist numbers haven’t dwindled. Many more Russians are now coming here to holiday and buy property as they have money to spend and their economy is good. In fact, recent figures show that tourists visiting rose to more than 1.258 million in the first three months of 2011.

It sounds all doom and gloom as the whole world seems to be amidst a crisis in some form or other and its hitting the general public from all sides. At the moment it’s a domino effect, most of us need to work to pay the bills. Some people are more affected by the crisis than others, dependant upon where you live and your lifestyle. Unemployment is still severe and that in itself affects the way that you live, or can live. Cutting corners, saving money where you can may help, but for many being unable to pay the mortgage has left them homeless.

The cost of living in Tenerife compared to many other countries continues to be lower, even amid the Euro debt crisis. Costs of Amenities such as Water, Gas and Electricity are still lower and there are little or no heating bills. Although prices have risen slightly, costs for running, insuring and taxing your car is still cheaper here, diesel and petrol are 30 cents cheaper here per litre whilst the UK has the twelfth highest unleaded price in Europe and the second highest diesel price.

There is no doubt that people are wary right now and are certainly having second thoughts about investing in property, it can be risky, especially during this time of crisis! Right now, Tenerife is still a great place to invest. The island can offer such a range of luxury apartments, villas and houses which can be used as holiday homes, first residents, or even as a future investment. There is still a demand for properties. People continue to come to Tenerife as spending is lower than it is in the UK. Property sells here and property is still one of the most profitable places to invest in!

Tenerife with its mild weather during the whole year makes it an attractive place to live with no seasonal restrictions. This ensures that demand for rental property is high all year long which is not true in other parts of Europe and living in Tenerife is one of the best options for retirement. We all know, what a difference good weather means for our health.

You only have to make yourselves a wish list and we are sure Tenerife will tick all the right boxes so despite the on-going crisis, aim for a great lifestyle, good weather, delicious cuisine from high quality schools to excellent Health-care. Tenerife has it all if you are looking to invest in property put the crisis out of your mind and come live in paradise!

This article is simply an overview of a very complex subject. If you have any questions regarding the property market in Tenerife, good areas for property investment in Tenerife, or concerns about purchasing, please contact us and we will be happy to help.

Sunway Tenerife have over 25 years experience, please call for more information about buying Tenerife Property. Sunway staff are available to offer you a wide and varied selection of property across the south of Tenerife as well as one of the most professional services on the island!

Activities in Tenerife Part 3

Here is the third and last part of Sunway´s ‘Activities in Tenerife’Guide. Over the last few weeks we have highlighted excursions around Tenerife, but the list doesn’t end here there is still so much to do!

Submarine Safaris: This is an underwater safari of a lifetime. Experience a dive on board a real submarine which will take you below the unexplored waters of San Miguel Marina. You will experience the true underwater world of Tenerife, previously reserved exclusively for divers. Come aboard and sit back in complete safety and air conditioned comfort, while their professional crew provides you with an unforgettable experience. Daily scheduled dives

Prices: Adults: 48€ • Children (2-14yrs): 28€ (book online and receive a 15% Discount)

Golf

Whether you are a Beginner, Amateur or professional, you will never be short of somewhere to play golf in Tenerife you can enjoy playing on well maintained golf courses, in sunshine and sub-tropical warmth, every day of your holiday. Location is not a problem, there are several places you can play golf:

Golf del Sur, Costa Adeje, Los Palos, Las Americas, Amarilla, Buenavista, Abama, La Gomera, Real (El penon)

Prices depend upon the Season and how long you wish to play. Group bookings receive discounts. Golf Clubs and buggies can be rented at most of the courses. Dress is more casual but be sure to wear golf shoes or tennis shoes and a polo short. Free transport may also be available from your resort. (Always ask when booking)

Las Aguilas – Jungle Park : A fabulous day trip out for all the family. Get your walking shoes and camera ready as this zoological and botanical park has over 75,000 m² of jungle and over 500 animals. To ensure you don’t get lost or go around in circles, you are supplied with a map of the Park when entering.

The jungle consists of walking paths entwined with fun filled tunnels and suspension bridges. As you get deeper into the jungle you will encounter mysterious caves, waterfalls and lagoons. One of the most amazing features is the free flight show; here you will see a variety of exotic birds. This show is a must!

There is so much to see and do for both Adults and the younger members of the family, you will find various places to eat and drink and buy souvenirs.

Opening times: Open all year round Open: 10:00 am - 5:30 pm (tickets sold until 4:30 pm)

Exhibitions (daily): Exotic Birds: 11 am, and 2:30 pm. Birds of Prey: Noon and 4 pm.

Prices : Adults €24 and Children 4-12 yrs: €16 (there is a discount for Residents, you must take your ID with you)

Hiking: Tenerife has an unbeatable amount of hiking routes winding up and down hills, through unspoiled wilderness and along the shoreline. Explore the island on foot: the spectacular Los Gigantes cliffs, the beautiful and tranquil pine forests of La Orotava, or venture through the Anaga Mountains. For most visitors, the impressive volcano, Mount Teide in the centre of our National Park wins everytime.

Casinos: If you love to Gamble or want to experience the thrill of a win

The Playa de Las Americas Casino is located in the basement of the Hotel Gran Tinerfe in one of the best areas Southern Tenerife. The Casino offers fun in a wonderful ambience. The games room offers the chance to live a very exciting experience.

Their professional staff will guide and accompany you on the games tables and you will have the chance to play American roulette, black jack and poker. Games machines of chance and opportunity offer you a world of possibilities and fortune.

Remember to ask your booking office if you qualify for discounts and free travel with any of your excursions.

Check Sunway´s offers for some of the above excursions & activities here......we have some of the best prices on the Island!

Property of the week / Piso en venta Tenerife

Sunway Tenerife are extremely please to be able to offer this lovely apartment completely renovated in the center of Las Americas with magnificent panoramic views of the coast. This apartment is situated on the 11th floor of El Dorado and has one spacious bedroom, one bathroom with washing machine, a fully fitted American kitchen, lounge and terrace. There is a 24 hour reception, a beautiful swimming pool, tennis courts and there also are parking spaces. Only €126,000.
Contact us on (0034) 922790021 or admin@sunway-tenerife.com for more information and viewings.



Bonito apartamento completamente renovado en el centro de Las Americas con vistas panoramicas de lo costa y del mar. Esta situado en la planta 11 en el complejo El Dorado Tiene un dormitorio, un cuarto de baño con lavadora, una cocina americana totalmente equipada, un salón y una bonita terraza. El complejo tiene una recepción 24 horas, una maravillosa piscina todo renovada, canchas de tenis y también plazas de aparcamiento. Solo €126,000
Llama al (0034) 922790021 o mande un email a admin@sunway-tenerife.com para más información y visitas.

Activities in Tenerife Part Two....

To continue our articles on Activities in Tenerife here are more adventures just waiting for you:

Club Hipico - Horse riding in Tenerife south - Do you love to ride, or would you like to try? Tenerife is a wonderful place to enjoy horse riding, with glorious weather and stunning scenery. Whether you want to enjoy a lovely horse trek or would like to get some lessons, you'll receive a very warm welcome from their stables.

With a fantastic large arena for teaching and the surroundings are really charming to do every kind of trekking. They advice you to book your ride a day or 2 before to avoid disappointment.

Lessons: Adult 22 Euros and Children 20 Euros Per hour. Trekking prices start from €22 for 1 hour.

Camel Park: Only a short journey from Los Cristianos and Playa de las Américas, set in rural surroundings, you can have a nice time riding a camel, seeing the farm animals (goats, donkeys, ducks, hens, chicks, grey parrots or dogs) and enjoy a drink at the typical canarian house on site. There is also a souvenir shop where you can purchase different presents and camel figures.

There is free transport to the farm from the south of the island.

Entrance & 20 Minute Camel Ride / 10 Euros Children 4 Euros www.camelparktenerife.com

Fishing: You will enjoy 7 hours aboard the Crested Wave with 31/2 hrs surface trolling then bottom fishing for 31/2 hours. The British Skipper and his crew are all fishing enthusiasts with many years experience. They cater for the serious fisherman and are very willing to assist the novice. During your day aboard the Crested Wave you will fish for Tuna, Blue Fin, Yellow Fin, Bonito, Barracuda plus much more. The Crested Wave takes a maximum of 12 fishers plus a couple of spectators.

7 Hrs 89 Euros / Passenger 45 Euros - Half Day 49 Euros / Passenger 25 Euros / Los Cristianos / Daily at 10:30

JetSki: You either love them or hate them…Whatever your age you can indulge yourself. No experience needed! Common sense comes in handy and the driver must be over 16 years old. Race around a triangle of buoys on Yamaha 700 wave runners for approximately 20 minutes. If you fall off the bike stops and you get back on. The ultimate adrenaline ride.

Single 35 Euros - Double 45 Euros / Puerto Colon / 20 minutes

Cable Car – El Teide: Millions of tourists have climbed the mountain formed by the Teide’s volcano located in the heart of the Tenerife. Visitors can reach the summit on foot by climbing the “Montaña Blanca” (White Mountain), or using the cable car which takes visitors to the top in 8 minutes, 3,550 meters above the sea level. There is a restaurant and bathrooms at the base of the Volcano. Cable car prices cost approx 25 Euros. Take your Spanish Residencia for discounts.

Teide is the most visited National Park in the Canary Islands and Spain, with a total of 2.8 million visitors, according to the Instituto Canario de Estadística

The Guanches also believed that Echeyde (Teide) held up the sky. Many hiding places found in the mountains contain the remains of stone tools and pottery. These have been interpreted as being ritual deposits to counter the influence of evil spirits.

Always get more than one quotation for any of the trips you wish to go on as you will find prices can vary depending on where you decide to book. Most will give discounts, certainly for larger group bookings and you can’t lose anything by asking anyway. Remember, Internet bookings can also be another way of saving money! If you are a resident of Tenerife, you may also be entitled to discount.

Sunway Tenerife are also able to provide some of the very best prices in Tenerife for some of the excursions above, and many others. Visit our website here and you will see all the excursions we have available!