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The figures side by side

MeasureSanta Cruz de Tenerife
Price per m²—
Change in a year—
Change in five years—
Affordability
Payment, two incomes24%
Payment, one income48%
Buy or rent
Rent per month€862
Owning per month€742
New homes
Licensed, 12 months2,310
Per 1,000 residents10.9
Foreign buyers
Bought by buyers abroad, 12 months18.1%
Past cycles
Deepest fall−47.0%
Recovery from the low117 months
Empty homes
Empty, 2021 census17.2%
Empty homes16,729

Each place's own figures where it has them; a dash means there is none. Prices are asking prices where a place has them, and bank valuations otherwise.

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Affordability

  • Santa Cruz de Tenerife

    At the average appraised value, a 90 m² home costs €209,700. With 10% down and a 30-year mortgage, the payment is €800 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

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Buy or rent

  • Santa Cruz de Tenerife

    Owning a 90 m² home costs less each month than renting it. Owning counts interest, running costs and the return the deposit could earn, at the appraised value; rent is the mean of new leases. Repaying the loan is saving, so it is left out.

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New homes

  • Santa Cruz de Tenerife

    61.2% more homes were licensed for construction in the last 12 months than in an average year of the past decade.

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Foreign buyers

  • Santa Cruz de Tenerife

    Buyers living abroad bought 18.1% of the homes sold here in the four quarters to Q2 2026.

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Past cycles

  • Santa Cruz de Tenerife

    Appraised values have fallen by 3% or more 2 times since 2005. The deepest began in Q2 2008.

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Empty homes

  • Santa Cruz de Tenerife

    17.2% of the 97,227 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

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