Discover the Advantages of Buying Property in Tenerife: Your Step-by-Step Guide

Today we’re heading to sunny Tenerife. Dreaming of your own apartment on this paradise island? You’re not alone - this largest of the Canary Islands attracts investors from all over Europe with its exceptional climate and stable real estate market. In this article as Globihome experts, we will present everything to you, you need to know before buying your own piece of paradise in Tenerife.

The real estate market in Tenerife is constantly developing. For several years, average prices have been rising by about 8% per year. In the prestigious Costa Adeje district, apartments reach prices of 3000 to 4000 EUR per square meter, and luxury ocean-view apartments cost 5000-7000 EUR/m². We will show you step by step what to do to buy property in Tenerife, what the additional purchase costs and taxes are, as well as the benefits, risks, and who you should contact to learn the details and available offers.

Why invest in an apartment in Tenerife?

Before we move on to a detailed analysis, let’s take a look at the key advantages of investing in Tenerife:

• Year-round tourist season - unlike other European resorts
• Stable value growth - growth of about 7-8% per year
• High profitability - short-term rentals bring in 7-9% annually
• Excellent transport links - two international airports
• Legal security - an investment within the European Union

Tenerife is very popular among tourists and investors from all over Europe. An apartment that could still be bought two years ago for 200.000 EUR is now worth more than 250.000 EUR.

Apartment prices in Tenerife 2026 - current market analysis

Let’s take a closer look at how prices vary across the island’s different regions. The data shows significant differences between the south and the north of the island.

Costa Adeje - prestigious south

The most luxurious district of Tenerife attracts demanding investors:

• One-bedroom apartments: from 190.000 EUR (40-45m²)
• Two-bedroom apartments: 260.000 EUR (60-75m²)
• Luxury ocean-view apartments: from 400.000 EUR
• Penthouses and villas: from 600.000 EUR

Los Cristianos and Las Americas - the tourist heart

Two popular districts where you can still find great offers with a good price-to-investment-potential ratio:

• Studio apartments: from 160.000 EUR
• Two-bedroom apartments: 230.000 EUR
• Ocean-view apartments: from 350.000 EUR

Puerto de la Cruz - the charm of the north

For those looking for a more authentic Canary Islands atmosphere:

• One-bedroom apartments: from 130.000 EUR
• Two-bedroom apartments: 190.000 EUR
• Properties with ocean view: from 300.000 EUR

It is worth emphasizing that many apartments in Tenerife have access to a relaxation area, swimming pool, jacuzzi, garden, or gym.

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Weather in Tenerife - eternal sunshine for your investment

It is the exceptional climate that makes investing in an apartment on this island so attractive. Unlike other European destinations, where the season lasts only a few months, here you can count on tourists all year round. The temperature on the coldest winter days rarely drops below 20°C, and in summer it does not exceed a pleasant 28-30°C.

Interestingly, the island offers a variety of microclimates. The south, where the most popular resorts such as Costa Adeje and Los Cristianos are located, enjoys the largest number of sunny days - on average over 300 a year! The north of the island, including charming Puerto de la Cruz, is characterized by a slightly higher amount of rainfall, which translates into lush, tropical vegetation. This climatic diversity means that everyone can find their ideal location here.

• Winter (December-March): 22-24°C
• Spring (April-June): 23-26°C
• Summer (July-September): 26-30°C
• Autumn (October-November): 23-25°C

An additional advantage is the ocean water temperature, which even in winter does not drop below 19°C, making swimming possible all year round. It is this aspect that attracts tourists from all over Europe, especially in winter, when temperatures on the continent are low.

Property purchase procedure in Tenerife step by step - everything you need to know

The process of buying property in Tenerife is well regulated by law and safe. Below we describe all the stages awaiting you when purchasing your dream apartment in Tenerife:

1. Preparation to buy property Tenerife

• Obtaining an NIE number (Número de Identidad de Extranjero) - Spanish identification number for foreigners
• Opening a Spanish bank account
• Having the necessary documents (ID card or passport)

2. Selection and reservation of the property

• Signing a preliminary reservation agreement
• Payment of the reservation deposit (usually EUR 3000-6000)
• Setting the transaction finalization date (usually 30-60 days)

3. Due diligence

• Checking the legal status of the property in the register (Registro de la Propiedad)
• Verification of all permits and licenses
• Checking for any mortgage encumbrances
• Checking outstanding utility fees and taxes
• Review of technical documentation and the energy certificate

4. Finalizing the transaction

• Preparation of the notarial deed (Escritura Pública)
• Signing the contract at the notary
• Transfer of the full purchase amount
• Handing over the keys and technical documentation

5. After purchase

• Registration of the new ownership in the property register
• Transfer of utilities meters (electricity, water, gas)
• Notification to the tax office
• Payment of the purchase tax (6.5-7% of the value)

The entire process usually takes from 4 to 6 weeks, provided that all documents are properly prepared. The process is not complicated, and at the same time it is worth carrying it out with someone who specializes in real estate transactions in Tenerife, is there on site and, preferably, speaks your language so that you can communicate efficiently. At the end of the article, we provide contact details for the real estate agent in Tenerife recommended by us.

Remember that every transaction is different and there may be additional requirements or documents depending on the specifics of the property or the region. It is always worth reading every document carefully before signing and not hesitating to ask questions if something is unclear.

If you are a professional agent we invite you to co-create expert articles about the real estate market anywhere in the world. You can find cooperation details in the cooperation.

Additional costs when buying property in Tenerife

When planning your budget, in addition to the purchase price of the property, you should take the following fees into account:

• Purchase tax in Tenerife: 6.5% of the property value on the secondary market, and 7% of the property value on the primary market
• Notary: about 0.5-1% depending on the property value
• Registration fees: about 0.5% of the property value
• Power of attorney if you need one: 150-300 EUR
• Real estate agency commission if you use one: 3-5%
• Utility transfers (electricity, water, rubbish, alarm): 600-900 EUR

In reality, the total additional costs in Tenerife are 10-13% of the property value.

Apartment rental in Tenerife - real data from 2026

Many clients decide to rent out their property. Most often, clients fly in once or twice a year for their holidays, and during the rest of the time they rent the apartments to tourists. Below we have prepared a summary from last year with GlobiHome agents, with whom we work, to present the latest data to you using Costa Adeje as an example:

High season Costa Adeje (December-April)

• 1-bedroom apartment: 120-150 EUR/day
• 2-bedroom apartment: 150-200 EUR/day
• Apartment with ocean view: 200-300 EUR/day
• Penthouse with terrace: 300-500 EUR/day

Mid season Costa Adeje (May-June, September-November)

• 1-bedroom apartment: 90-120 EUR/day
• 2-bedroom apartment: 120-160 EUR/day
• Apartment with ocean view: 160-250 EUR/day
• Penthouse with terrace: 250-400 EUR/day

Low season Costa Adeje (July-August)

• 1-bedroom apartment: 80-110 EUR/day
• 2-bedroom apartment: 110-150 EUR/day
• Apartment with ocean view: 150-220 EUR/day
• Penthouse with terrace: 230-380 EUR/day

Sample annual calculation for a 2-bedroom apartment in Costa Adeje:

Income:

The average annual occupancy is about 250 days a year. The average rental price of a 2-bedroom apartment in Costa Adeje is 150 EUR/day, which gives total annual income of 37.500 EUR

Costs:

• Cleaning and linen change: about 4.600 EUR
• Utilities (electricity, water, internet, alarm, rubbish): about 3.400 EUR
• Maintenance and minor repairs: about 2.000 EUR
• Rental management agency and marketing services (20%): 7.500 EUR
• Rental taxes (19%): 7.125 EUR

Total annual costs: about 24.625 EUR

Annual net profit: about 12.875 EUR

Of course, this is only a sample calculation and in many cases the profit may be higher, but at the same time we prefer to present real, most likely data and possibly pleasantly surprise the client with a better result.

It is worth noting that the rental market in Tenerife is becoming increasingly professional. Guests expect a high standard and comprehensive service, which translates into the need to provide an appropriate level of service, but at the same time allows high rates to be maintained throughout the year.

New law against "okupas" - greater investment security in Tenerife

For investors considering buying property in Spain, we have good news. In November 2024, the Congress of Deputies approved a groundbreaking law concerning the illegal occupation of property ("okupas"). The most important change is the introduction of an accelerated court procedure - cases will be heard within a maximum of 15 days, compared with the current 4-9 months. In addition, owners will have access to simplified procedures for reporting cases of illegal occupation of flats.

The new regulations, which are set to enter into force in the first half of 2026, will significantly strengthen the protection of private property. This is particularly important in Tenerife, where many foreign investors own rental properties. These changes bring Spain closer to the standards of other European countries, where evictions of illegal occupants are carried out much faster - in France within 48 hours, and in Germany even within 24 hours.

At the same time, in practice, the vast majority of properties are safe. New developments are gated, and very often the investment includes an alarm or security. Contrary to what the media say, it is rare to have to worry about the illegal occupation of our property, especially in new developments.

Summary

Tenerife still remains one of the safest and most profitable investment destinations in Europe. A stable market, rising prices, and year-round rental potential create ideal conditions for informed investors.

Are you planning to buy property in Tenerife? Contact an agent who will prepare property listings that meet your requirements and guide the entire process from A to Z.