On the posts in Tenerife, Im surprised to see not many people invest there. I have a place there.
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Before anbyone says I'm trying to advertise here, look at the availability calender on my site, I'm doing just fine with the advertising I have. Its on average £230 a week with about 40 weeks a year. I'm on my way to buying another.
Also there is appreciation still in Tenerife as its a different type of market to spain. There has been a stop on new planning permission for 5 years now and 2 years extra have been added on top of that.
I got my place for €172,000 and a 75% mortgage and thats covered plus some.
Do I have an angle, yes. I'm moving there and as well as managing my own I'd love to have 5 or 6 more to manage. I think I can keep most apartments full 40 weeks of the year(well as long as its not a dump) by using the same process the company that manages mine does(I do my own ads and they clean, manage etc, no worries) This way I cant be conned as I can send people last minute and catch them out. They also contact me regularly and book people in when I'm empty but at a reduced rate to me so they can make money, but when they do that I have no cleaning fees.
Also I can use it when ever I want.
Anyhow if anyone needs info even if I dont manage it, I'd be glad to help.
Just PM me on here.
T