San Cristóbal de La Laguna · report

Buy or rent in San Cristóbal de La Laguna

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.

Rent per month: €733
Owning per month: €650

Try your own numbers

Starting from the average appraised value of €2,042/m², and the mean rent of leases signed in 2024, €8.1/m² a month, in San Cristóbal de La Laguna, and a mortgage rate of 3.0%.

Assumptions

Home size, m²

Deposit

Mortgage rate, %

Running costs, % of price a year

Property tax (IBI), insurance, maintenance and the community of owners.

Return on savings, % a year

What the deposit and purchase costs could earn if invested instead.

Purchase costs, % of price

Transfer tax or VAT, stamp duty, notary and land registry, paid once.

Owning costs less each month than renting.

Rent a month: €733
Owning a month, not recovered: €645
Interest: €413
Running costs: €153
Return given up: €78
Cash out a month, if buying: €850

The comparison counts only the costs of owning you never get back: interest, running costs and what the deposit and purchase costs could earn elsewhere. Loan repayments build equity, so they are left out. So is any rise in the home's value, because nobody knows it in advance. Rents here are the mean rent of leases signed in the year, from landlords' income tax returns (AEAT); prices are appraised values, not sale prices.

Other reports for San Cristóbal de La Laguna

Affordability

At the average appraised value, a 90 m² home costs €183,771. With 10% down and a 30-year mortgage, the payment is €701 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.

Payment, two incomes: 22%
Payment, one income: 44%

New homes

Figures for Santa Cruz de Tenerife province: San Cristóbal de La Laguna has no reliable figures of its own.

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

Licensed, 12 months: 2,310

Foreign buyers

Figures for Santa Cruz de Tenerife province: San Cristóbal de La Laguna has no reliable figures of its own.

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

Bought by buyers abroad, 12 months: 18.1%

Past cycles

Appraised values have fallen by 3% or more once since 2005. That fall began in Q1 2008.

Deepest fall: −42.2%
Recovery from the low: 123 months

Empty homes

13.5% of the 74,096 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.

Empty, 2021 census: 13.5%
Empty homes: 9,980