Moving to Tenerife in a recession

Planning to move to Tenerife during the darkest recession the world has seen for many years is not a bad idea on the face of it.  “I’d prefer to be warm and broke in Tenerife than cold and broke in the UK,” said one recent arrival, which is a typical response amongst many.  Dig a bit deeper and it becomes clear that many thousands would love to grab the option of making such a big life change, but for one reason or another, something is stopping them.

The biggest obstacles and the biggest advantages to moving to Tenerife in a recession are a direct result of the credit crunch.  Many people are unwillingly chained to the UK and Ireland by their properties.  They cannot move because they cannot sell their homes.  On the other hand, the credit crunch has also affected the property market in Tenerife, and although the bulk of prices hold steady, those with a real need to sell have had to slash their prices to tempt buyers.  For somebody considering moving over, this is a good opportunity to purchase a comfortable margin below current prices, to cushion against any future price drop.  In other words, Tenerife property bargain hunters will find some great deals on the market.
   
The next major obstacle is money worry.  Of course, we need to earn enough to cover the cost of living in Tenerife, but this is the same worry that might strike whatever state of the economy of Tenerife.  It is natural to be concerned about finding a job in Tenerife, or finding a way of making a living.  With the economy in Tenerife as flat as anywhere else, this is more of a challenge than at other times.  So the worries are proportionally larger.  It is difficult to find a job before you come to the island, because employers will tend not to even consider you.  Too many people have planned the move and then not followed through, which has made finding jobs in Tenerife almost impossible to do if you are still to make the move.  By reading Tenerife Lifeline, you can find out more about job hunting in Tenerife, as well as how to continue to claim UK jobseekers allowance while looking for work in Tenerife.   

Many expatriates in Tenerife are self employed or they run their own companies.  And for many, this is the most realistic option.  However, if you have visions of putting your feet up with a cold beer while running a bar in Tenerife, think again.  Running a successful business is hard work in any country, and it requires a good deal of research and planning.  This can be difficult if you are not already in Tenerife, and you cannot be gullible if you are considering buying a business in Tenerife.  For example, tourists are spending less money, and it is the small British run bars that are suffering the most.  Prices of these types of businesses have tumbled but you will still need to hunt for a bargain.  Of course you can find out much more about buying a business in Tenerife when you get your copy of Tenerife Lifeline.

Nowadays, the most successful new expatriates have found new niches to start their businesses in.  Many benefit from the ability to work in a remote location that the internet provides.  Some still ‘work’ in the UK, though they live in Tenerife.  It certainly creates an interesting tax situation that your UK employer will need to agree with.  Others have brought new ideas and there are a flock of relatively new businesses that seem to be thriving.  You can read much more about starting a business in Tenerife when you read Tenerife Lifeline: there’s a whole chapter dedicated to the subject!

You can make your move to Tenerife in a recession much easier, save an enormous amount of money and make your life in Tenerife as stress free as possible by having the right information at your fingertips.  You need understand the health system, education, social security, tax, driving… or it will affect your pocket.  There is only one reliable place where you can find all this information, written in clear English, and that is Tenerife Lifeline.  Get your copy now.