Are property prices rising in Tenerife?

Overall, there has been a moderate price increase of 3.8% in the Canary Islands (source: TINSA). The exception is currently the urban area of Santa Cruz de Tenerife, where existing properties have risen by 18.7% in the last 12 months. This is one of the highest values in all of Spain.



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Some popular regions for budget-friendly property include Andalusia, Murcia, and Castile-La Mancha, amongst others. In these areas, you can find houses and apartments for sale at prices that are significantly lower than in more expensive areas such as Madrid, Barcelona or the Balearic Islands.

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Real estate company Tecnocasa's report Analysis of the housing market in the Canary Islands confirms that it's a good moment for real estate investment in this part of the world. The report states that in in terms of buying property in Tenerife, commercial operations rose to 27% in 2022, 6.5 points over 2021.

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Even if you own a property in Spain, you're still entitled to stay for only 90 days in a 180-day period without applying for a residence permit or a visa.

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This is mainly down to a surge in demand for houses and villas at the higher end of the market. One of our sales was quite possibly the highest priced residential sale in the South of Tenerife – a large, modern villa in Costa Adeje Golf priced at over 6,000,000€ which we closed in September 2022.

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What souvenirs to buy in Tenerife. Besides the usual key rings, badges, fridge magnets, dolls dressed in traditional costume and beach towels printed with the map of Tenerife, the island also boasts quality products that can also make perfect souvenirs.

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Haggling in Tenerife Whilst bartering in supermarkets and chain stores is not commonplace, in smaller, independent shops and markets it is encouraged and a lot of fun! The best places to try haggling: Torviscas Market and Los Cristianos, as well as any knick-knack or antique shops.

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Where do most expats live in Tenerife? Playa De Los Cristianos – this beachside resort in southern Tenerife is popular with holidaymakers and expats, especially British families who are drawn to the excellent climate and wide beach. Costa de Adeje, where to stay in Tenerife for your first time. ...

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Tenerife north is usually less expensive than the south, where you'll find many more renting options. The average cost for a room in a shared apartment is €650-800 per month while renting an entire apartment can cost you up to €1500 monthly. The cost of food in Tenerife is quite cheap.

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The municipality of Costa Adeje, in the south of Tenerife, has emerged top once again in the ranking of the most exclusive regions in the Canary Islands.

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To buy a property in Tenerife as a non-resident it is a essential to get a NIE number (Foreigner Identification Number). Apply for the NIE at the national police station. You have the option to handle the application yourself or to obtain it faster and easier you can hire an assistance from your real estate agent.

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