Over the last decade the island of Tenerife has undergone an amazing transformation. The days of sun burnt tourists eating fish and chips in the sunshine are long gone. They have been replaced by chic cafes, world class restaurants and high end high quality retail outlets and what a beneficial change this has been.
Technically the town of Fañabe lies inland on the Mt Teide side of the TF1 motorway, which almost encircles the entire island. The resort of Fañabe however runs along the south west coast of Tenerife from the resorts of Torviscas to La Caleta. The resort is relatively new for Tenerife and has been constructed in the last two decades. Property prices here are at a premium, but this does not mean that you won´t find a bargain if you are looking to buy property in Fañabe. There are a number of reasons why property prices are higher in Fañabe than the average price of a property in Tenerife. Firstly, due to the relatively young age of the resort all of the properties in Fañabe are constructed with modern materials and used modern construction techniques. The properties here have stood the test of time and any potential problems have been corrected in the past. Secondly, the last two decades of construction and the improvement of infrastructure have not only resulted in new residential developments, but also in some of the finest hotels in the area. Hotels such as the Bahia del Duque, the Sheraton, the Costa Adeje Palace and Anthelia have attracted a different kind of international tourist to the area. This influx of wealthier and more discerning tourist has seen the development of new and impressive shopping centers which now sell Rolex, Prada and other top end brands as opposed to the kind of retail outlets which sold fake clothing and watches that could be found here in Tenerife in the 1980´s and 90´s. This change to the complexion and the typical image of the island of Tenerife has ensured that Fañabe is one of the most popular and up and coming areas in which to own property, not only in Tenerife but in the whole of the Canary Islands.
There has been no better time to invest in property in Tenerife. Current global trends have dictated that market conditions are in favour of the purchaser rather than the vendor, to put it bluntly it is a real buyers market at the moment. No matter what kind of property you are looking to buy in Fañabe we have a wide selection of apartments, villas and commercial premises for sale in Fañabe and currently they are at very appealing prices. The area of Fañabe is a fantastic place for property investment. Not only is the resort very popular with tourists, but due to the high quality of the new developments in Fañabe which have been recently constructed it is also very popular with residents who have chosen to set up home here. For both holidaymakers and residents alike there are a number of reasons why property in Fañabe is so popular. The resort is conveniently located downhill from the
main TF1 motorway which provides quick transportation to the other popular resorts of Los Cristianos and Playa de Las Amercias, as well as the main south airport and the capital Santa Cruz de Tenerife, which is a mere fifty minutes drive away. Further along the coast heading towards the village of La Caleta you can find the recently constructed Costa Adeje Golf Course. The golf course is growing in reputation not only as a world class golf course, but also as an impressive concert venue which has hosted Elton John, Simply Red and Rod Stewart over the past few years. Along with the concerts the golf course has further injected money into the resort which in turn has improved the whole feeling of the area even further.
One other massive attraction to the resort of Fañabe is the beautiful beachfront and promenade that have been constructed over the previous recent years. Tourists flock to the area because of the wonderful golden sand beach that is protected by off shore croys. The protected nature of the beach means that there are rarely large waves and it is a perfect place for families to enjoy the sea in a safe and secure environment. The popularity of the beachfront area is reflected in the types of business property in the Fañabe promenade. Here you can find wonderful restaurants serving freshly caught seafood, there are bars with all manner of entertainment imaginable and pleasant cafes from which you can admire the simply stunning sunsets.
If the chic side of Tenerife appeals to you then buying property in Fañabe could be one of the shrewdest moves that you could make in the current climate. We have wide range of property for sale in Fañabe and we are confident that we will have a property that will meet your specific needs and requirements in our online portfolio of Fañabe properties for sale. Feel free to contact us to discuss your Fañabe property requirements with one of our sales consultants. We can even help you with securing a mortgage in Tenerife if needed in order to buy property in Fañabe. If you are considering investing in property overseas then give serious consideration to buying property in Fañabe and let the competent staff of Lupain Properties S.L. make this a reality.