Buying a property 3,500 km from home calls for a particular kind of organisation. This in-depth guide sets out how to carry your project through from Luxembourg, without endless trips back and forth.
Buying property in Tenerife from Luxembourg raises its own specific questions: how do you view homes without taking flight after flight, how do you sign documents remotely, how do you transfer funds securely, and who coordinates everyone on the ground when you're in Kirchberg or Esch? This in-depth guide answers each one in turn.
You'll discover the typical structure of a remote purchase: shortlisting properties through video viewings, a focused viewing trip of two or three days, a notarised power of attorney drawn up in Luxembourg so you can sign without travelling, opening a Spanish bank account and transferring funds securely. We also set out the precise role of each party involved: agency, lawyer, notary, bank and gestoría.
Finally, the guide covers the matters specific to Luxembourg residents: declaring your foreign property, coordinating the timelines of both countries, and the way Coralès acts as a permanent link between Luxembourg and the island — in your language and on your time zone.
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Every stage of a property purchase in Tenerife, from the first viewing to signing the escritura before the notary. The definitive guide to buying with peace of mind in the south of the island.
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