Santa Cruz de Tenerife real estate market — prices, rental yield and trend

• Average price: $4,038 / m²
• Gross rental yield: 5.28%
• 12-month price change (USD): 0.16%
• Net rental yield: 4.28%
• Transaction cost: 15.3%
• Price basis: regional average

Residential property in Santa Cruz de Tenerife averages $4,038 per square metre. In dollar terms the market has barely moved over the last twelve months (+0.2%). That makes it the 108th most expensive of the 264 markets in the set.

What a buyer pays in Santa Cruz de Tenerife

The $4,038 figure is a regional average across all residential property types, which flattens a wide spread — the most sought-after areas run well above it, the rest of the region well below. Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 15.3% of the price here. On a 100 m² apartment at the average price that is roughly $61,781 on top of the $403,800 purchase price. That is above the 9.5% median across the set — the entry cost is part of the investment case here. Of that, the transfer tax alone is 4–13% depending on the buyer and the property; the rest is notary, registration and agency fees.

What it earns

A square metre lets for about $17.8 a month. Against a purchase price of $4,038 per square metre that is 5.3% gross, before tax. Both figures come from the same source and the same period, so you can check the arithmetic yourself. It ranks 128th of 311 markets by gross yield. Rental income is taxed at 19–24% — the rate is not a single number here. That is the difference between 4% and 4.3% net on the same property. The 4.3% net figure we publish uses 19%. On the way out there is a third tax: a non-resident seller pays 19% on the gain.

Who can buy in 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.

How this figure is built

The price figure for Santa Cruz de Tenerife is built from asking prices from listings. It was last refreshed on 2026-09-22. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way; a figure that fails our checks is suppressed, not guessed.

Sources: idealista.com · Colegio de Registradores · foreign-buyer share 2025. Snapshot: 2026-09-22.