Canary Islands (RETIRED - split into Las Palmas and Santa Cruz de Tenerife) real estate market — prices, rental yield and trend
- Transaction cost: 15.3%
Canary Islands (RETIRED - split into Las Palmas and Santa Cruz de Tenerife) is one of the 123 property markets Glopra tracks.
What a buyer pays in Canary Islands (RETIRED - split into Las Palmas and Santa Cruz de Tenerife)
Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 15.3% of the price here. That is above the 10.2% median across the set — the entry cost is part of the investment case here.
What it earns
We do not publish a price or a rental yield for Canary Islands (RETIRED - split into Las Palmas and Santa Cruz de Tenerife). The public data for this market is limited to index figures that show change over time but no absolute level, and we would rather show nothing than a number we cannot stand behind.
How the tax works. 19% or 24% depending on where the owner is tax-resident, not on the rent level. Owners resident in the EU/EEA pay 19% on net income after deductible expenses (TRLIRNR arts. 24.6 and 25.1.a); owners resident outside the EU/EEA pay 24% on the gross rent with no deductions (art. 24.1). The 50–60% long-term letting relief of the resident regime does not apply to non-residents. A 2025 National Court ruling (SAN 3630/2025) would extend deductions to non-EU owners, but the tax agency has not yet accepted it. Source: agenciatributaria.gob.es.
Who can buy in Canary Islands (RETIRED - split into Las Palmas and Santa Cruz de Tenerife)
Freehold, no restrictions. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.
Sources: idealista sale · idealista.com · infobae.com · ecb.europa.eu. Snapshot: 2026-09-14.
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