Frequently asked questions

The NIE (Número de Identidad de Extranjero) is the Spanish tax identification number, essential for buying a property, opening a bank account or entering into any contract in Spain. It can be obtained at a police station in Spain, at the Spanish consulate in Luxembourg, or through a lawyer holding power of attorney. The timeframe ranges from a few days to a few weeks depending on the route chosen. We recommend starting the process as soon as your plans take shape: it is the first formality we arrange with our clients.

Allow roughly 10–12% of the property price in acquisition costs in the Canaries. The bulk of this is transfer tax (ITP, 6.5% on a resale property) or IGIC and AJD on a new build. To this are added the notary's fees and Land Registry charges, generally between €1,500 and €3,000 depending on the property price. We also advise budgeting for the fees of an independent lawyer, around 1% of the price, to safeguard the entire transaction. Coralès provides you with a detailed, tailored budget before any offer is made.

Yes — this is a situation we handle regularly for our clients in Luxembourg and the Greater Region. Viewings can be conducted by video call with detailed photo and video reports, after which a notarised power of attorney allows your lawyer to sign on your behalf in Tenerife. The power of attorney can be drawn up before a notary in Luxembourg, with an apostille, without your having to travel. That said, we recommend at least one visit on site before committing: nothing replaces experiencing a neighbourhood and its light for yourself.

For an existing property with no legal complications, allow around 8 to 12 weeks between acceptance of the offer and signing before the notary. This timeframe covers the signing of the deposit agreement (contrato de arras), the legal due diligence and the preparation of funds, particularly where an international transfer is required. Obtaining the NIE in advance and opening a Spanish bank account can extend the schedule if not anticipated. This is why we put these steps in place from the very start of your search.

It all depends on your lifestyle: La Caleta and Playa del Duque appeal for their understated elegance and oceanfront restaurants, El Médano draws those who love authenticity and wide-open spaces, while Los Cristianos offers shops and services within walking distance all year round. Distance to the airport, the atmosphere in peak season and the topography — seafront or elevated with a view — are criteria that are often underestimated. We organise discovery days to compare several neighbourhoods in real conditions. Our detailed neighbourhood guides are an excellent starting point before your visit.

Coralès is your single point of contact between Luxembourg and Tenerife: we define your brief, select the relevant properties, organise viewings on site or remotely and negotiate on your behalf. We then coordinate all the parties involved — lawyer, notary, bank, surveyor where needed — through to signing. After the handover of the keys, we remain on hand for utility connections, any works and the practical aspects of life in your home. You benefit from support in French, with a thorough command of both administrative environments.

We begin with a well-reasoned valuation of your property, based on recent transactions in the area and the state of the local market. We then prepare a complete sales pack — professional photography, presentation and styling, up-to-date legal documentation — before introducing the property to our network of qualified European buyers. Viewings are organised and screened by us, and we guide you through the negotiation and on to signing before the notary. For non-resident sellers, we also anticipate the applicable tax withholdings, such as the 3% retention on the sale price, together with your adviser.