Which is the cheapest Canary Island to buy?

Even better, house prices in Las Canarias are fairly affordable, if you know where to look… the two cheapest Canary Islands to buy property are Tenerife and Gran Canaria.



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While international investors are holding on thinking that the real estate Canaries market prices will continue going down and there will be plenty of opportunities during 2021, real estate experts agree the time to buy is now.

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Nomad's list of the best places to live in Spain in 2023 is topped by Gran Canaria for the second year in a row, also making the island the best Canary Island to live on, followed by the islands of Fuerteventura and Tenerife.

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The smallest of the main Canary Islands, El Hierro is also the least touristy.

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With average asking prices of just under 4,000 euros/m2, Costa Adeje and Playa de las Américas are the most expensive areas in the Canary Islands. In the luxurious Abama Resort in Guía de Isora, however, you can expect to pay around 6,500 euro/m2.

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The luxury of Living in Exclusive Homes The most exclusive residential areas are Tafira, Santa Brígida and Maspalomas in Gran Canaria; La Orotava, Tacoronte, Puerto de la Cruz and La Laguna in Tenerife and Puerto Calero in Lanzarote.

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The island of La Palma in the Canary Islands is at risk of undergoing a large landslide, which could cause a tsunami in the Atlantic Ocean. Volcanic islands and volcanoes on land frequently undergo large landslides/collapses, which have been documented in Hawaii for example.

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Cheapest areas in the Canary Islands
  • Valle Gran Rey, La Gomera.
  • Tazacorte, La Palma.
  • La Pared, Fuerteventura.
  • El Medano, Tenerife.
  • Arrecife, Lanzarote.
  • Galdar, Gran Canaria.
  • Los Cristianos, Tenerife.
  • Costa Calma, Fuerteventura.


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As its name suggests, Fuerteventura (strong winds) is a windy island, making it ideal for surfers and windsurfers. The best wind season for water sports lovers is between June and October. The areas most sheltered from the wind are usually Costa Calma and the northwest part.

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Lanzarote. Lanzarote tends to be the hottest and most arid of the Canaries, as it is closest to the Sahara desert and because it is one of the lowest lying islands. The Sahara can bring high temperatures and fine sand to Lanzarote, causing occasional heatwaves.

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Lanzarote is often referred to as the best Canary Island for beaches and Caletón Blanco is one that belongs on postcards. Squish your toes in pristine white sand on your way to sinking into serene water so clear you can see nail polish shining brightly on the bottom.

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Tenerife South (TFS) is often used by tourists closer to the sunny resorts south of the island. Tenerife is the easiest island to reach for US visitors, with United Airlines launching a nonstop flight from Newark (EWR) to Tenerife South (TFS) starting June 9, 2022.

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Living in the Canary Islands is affordable. It's cheaper than the UK in a heap of aspects. For example, data from Numbeo suggests rental prices in the Canary Islands are 73.28% lower than in London, on average. Groceries are kinder to the bank balance too.

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How long can people stay in the property for? For 90 days in a period of 180 days, without any need to obtain a tourist visa. For longer periods, British citizens are required to obtain a regular residence visa.

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Our recommendation for the best Canary Islands for winter sun is either TENERIFE or GRAN CANARIA. This doesn't mean you should avoid the other islands because the weather will still be warmer than most other places in Europe, but you will just have to expect more wind and a few more showers during the day.

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Fuerteventura is considered the quiet island of the Canaries, which invites travellers to relax and rest. While its small bays and deserted beaches constitute great retreats, the harsh and appealing volcanic and desert landscape displays incomparable natural beauty.

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The pro and cons of moving to the different Canary Islands include Tenerife, Gran Canaria, Fuerteventura, and Lanzarote.
  • Tenerife – Best for everyone including British Expats. ...
  • Fuerteventura – Best for beaches and great value properties. ...
  • Gran Canaria – Best for laid-back holiday homes.


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The canaries are an EU tax haven, although not in the traditional sense: this jurisdiction, part of Spain, makes available many tools for tax planning of known companies. First, the Canaries tax system is easier and with lesser tax burden than other European countries, fully legal and authorized by European Commission.

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But elsewhere, as here on La Palma, more violent eruptions build steep-sided cones with surrounding layers of thick ash. Eruptions in the past 60 years have jolted this island to the core, creating a fault line - a crack you can walk through - along the island central spine 6,000 feet above the Atlantic Ocean.

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The Canary Islands were created by a series of volcanic eruptions millions of years ago. The oldest of these is Fuerteventura, which is thought to be over 20 million years old, followed by Lanzarote, Gran Canaria, Tenerife, La Gomera, La Palma and El Hierro, respectively.

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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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While house price growth peaked at 8.5% year-on-year in the first quarter of 2022, according to Eurostat, it fell to 3.5% in the first quarter of this year. Other price trackers such as TINSA also show a clear downward movement.

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Cartagena, Murcia Cartagena is on the coast of Murcia and is one of the cheapest coastal towns to live in. It has some of the least built-up and wildest beaches in Spain. It is an ancient city whose streets and monuments preserve the memory of its rich historical past.

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