Arona - Tenerife South-East - Tenerife South

San Miguel de Abona is a charming municipality located in the province of Santa Cruz de Tenerife, on the island of Tenerife, part of the Canary Islands, Spain. Its rich history dates back to the Guanche era, and in its historic center, you can appreciate beautiful examples of traditional Canary architecture that narrate the region's past. The Church of San Miguel Arcángel and the Museum Casa de El Capitán are two notable examples of the historical sites that can be visited. Geographically, the municipality is strategically situated in the south of Tenerife, offering easy access to a variety of modern amenities and an impressive natural environment, with views of the Atlantic Ocean and nearby mountains.

The Exclusive Property Market in San Miguel de Abona

The exclusive property market in San Miguel de Abona is currently strong, evidenced by a high demand compared to the limited supply of luxury houses and apartments. This stability and appetite for luxury properties are partly due to the stable political and economic situation in the region.

Costs and Commissions When Buying Luxury Properties

The average real estate commission paid by a buyer in San Miguel de Abona is generally 2-5% of the purchase price, while the seller typically pays around 3-6%. Additionally, when buying a property, one must take into account the transfer tax, which is currently 6.5% of the property's value. Other additional costs include notary fees, possible building inspection costs, and legal costs.

Taxes Related to Property

The wealth tax in San Miguel de Abona varies according to the owner's fiscal situation, and the profits from the sale of a second home are subject to taxes. The sale of a primary residence may be exempt if certain conditions are met. Residents of the region are subject to an income tax overseen by the Spanish fiscal system.

Mortgages and Financing

To purchase a luxury property in San Miguel de Abona, a significant amount of own capital is generally required, with financing available up to 80% of the purchase price, depending on the buyer's financial situation and credit.

Luxury Residential Areas and Accessibility

Some of the most sought-after residential areas in San Miguel de Abona include regions near golf courses and the coast. Connectivity is excellent, with easy road access via the TF-1 motorway. San Miguel de Abona is approximately 15 minutes by car from Tenerife South Airport, also facilitating access to national and international flights. The nearest larger city is Santa Cruz de Tenerife, about 60 kilometers away.

Education, Health, and Daily Life

Nearby are several renowned schools and educational centers. The healthcare system is backed by facilities like the Hospital del Sur de Tenerife. Public infrastructure and the availability of services in San Miguel de Abona are well-developed, ensuring a comfortable luxury lifestyle.

Lifestyle and Activities

The environment of San Miguel de Abona is a natural paradise with mountain and sea landscapes, offering a mild and warm climate throughout the year. Residents can enjoy a variety of outdoor sports and activities, such as golf at Golf del Sur, hiking, and water sports. The area also offers select luxury shopping options, high-quality restaurants, and a vibrant nightlife. Among the notable events, San Miguel de Abona celebrates annual cultural and sports festivities, fostering a sense of community.