Released on: October 30, 2007, 5:34 am

Press Release Author: John Gardner/Value it Espana SL

Industry: Real Estate

Press Release Summary: Based upon a survey of over 5500 properties, the average cost
per square metre for Tenerife as a whole is 2099 euros per square metre of
constructed space.

Press Release Body:

Santa Ursula, Spain, Oct 30, 2007 -- Value It Espana SL, the Santa Ursula, Santa
Cruz de Tenerife, based publisher of The Tenerife Property Price Guide, releases
average property costs for each of the regions of Tenerife, and the island as a
whole.

Based upon its database of property costs (in euros) per square metre, based upon a
survey of over 5500 properties, the average cost per square metre for Tenerife as a
whole is 2099 euros per square metre of constructed space. This contrasts with the
latest official figures from the Ministry of Housing´ for the Canaries at 1809 euros
per square metre (as of the third quarter - the end of September).

Commenting on the differences, J Gardner, of Value It, suggests that the ´´16%
difference could be made up of under declarations as people seek to avoid taxes, and
lower sale prices following buyer negotiations. Whatever the reason, the cost of
property is much higher than the government supposes´´.

Of the three regions, the South and South East (Candelaria through to Puerto
Santiago) is the most expensive at 2185 euros per square metre, followed by the
Metropolitan region (Santa Cruz and La Laguna and the north east peninsula) with
costs per square metre of 2077 euros.

The North and Isla Baja is the cheapest region (from Tacoronte through to Buenavista
and El Tanque), with costs per square metre at 2010 euros.

Company Information:
Value it Espana SL is a Santa Ursula based company, which publishes the
comprehensive pricing guides to all types of properties and across all areas of
Tenerife. The Guides are available for each of the three regions in the form of an
e-book. For further information visit www.valueit.es or www.valoralo.com





Web Site: http://www.valueit.es/

Contact Details:
Contact:
John Gardner,
Value it Espana SL,
Avenida Venezuela 31B
Santa Ursula, 38390
Santa Cruz de Tenerife
España.
e-mail: johngardner@valueit.es
phone: 0034618928288
\\website:
http://www.valueit.es/
http://www.valoralo.com/