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February 2025 Property Market Report: Tenerife's Latest Housing Price Trends
04 03 - 2025
The Tenerife property market continued to show movement in February 2025, with steady growth in most areas and minor fluctuations in others. Buyers and investors remain engaged as prices evolve across key regions. This report provides updated insights from idealista, comparing February data with January 2025 to highlight the latest trends in Tenerife real estate.Costa Adeje: Continued GrowthPrice per m²: €4,926 (February 2025)Monthly Change: +1.3% (compared to January 2025)Quarterly Change: +3.7% (compared to November 2024)Annual Change: +11.6% (compared to February 2024)Costa Adeje continues its upward trend, reaching a new record of €4,926 per m². With steady growth, the area remains attractive to buyers looking for a prime location with strong investment potential.Playa de las...
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The End of Spain's Golden Visa: Impact on the Tenerife and Canary Islands Property Market
03 03 - 2025
TheThe recent decision by the Spanish government to terminate the Golden Visa programme has raised concerns among investors and property buyers. This programme, which granted residency to non-EU nationals purchasing properties worth €500,000 or more, played a role in attracting foreign capital to Spain's real estate market. However, its overall influence has been relatively limited, particularly in the Canary Islands.At The Property Gallery, we have not observed any significant negative impact on the property market in Tenerife. Demand for real estate remains strong across various segments, from residential homes and holiday apartments to investment properties and high-end villas. The Canary Islands continue to attract buyers due to their stable economy, favourable climate, and strong...
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Strategies to Safeguard Your Second Home from Squatters
27 02 - 2025
Second homes in Spain, cherished for leisure and investment, are increasingly vulnerable to illegal occupation. The rise in squatting incidents necessitates proactive measures to protect your property. This guide offers detailed strategies to fortify your second home against squatters, ensuring its security and your peace of mind.Understanding the Appeal of Second Homes to SquattersSecond homes often remain unoccupied for extended periods, making them prime targets for squatters. Factors contributing to this vulnerability include:Extended Vacancies: Prolonged absences provide squatters ample opportunity to occupy the property unnoticed.Remote Locations: Properties in secluded or less-frequented areas lack regular oversight, facilitating undetected intrusions.Delayed Owner Response:...
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Tenerife Carnival 2025: Guide to Spain’s Most Spectacular Festival
20 02 - 2025
The Carnival of Santa Cruz de Tenerife is one of the most famous and internationally recognized festivals in Spain, attracting visitors from all over the world. This vibrant and colorful event is the largest and most important festival in the Canary Islands, featuring dazzling parades, extravagant costumes, and an unmatched festive atmosphere. Declared a Festival of International Tourist Interest in 1980, Tenerife Carnival has become a symbol of the island’s cultural identity, blending tradition, music, and artistic creativity in a grand celebration.A Rich Legacy and Global RecognitionThe people of Santa Cruz de Tenerife have nurtured this festival for centuries,...
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January 2025 Property Market Report: Tenerife's Latest Housing Price Trends
05 02 - 2025
Tenerife’s property market kicked off 2025 with notable trends in key regions. From the beautiful Costa Adeje to the vibrant Playa de las Américas, prospective buyers and investors are watching housing price movements closely. This report highlights the latest data from idealista, offering insights into price changes and opportunities for homebuyers.Costa Adeje: A Steady Growth SpotPrice per m²: €4,865 (January 2025)Monthly Change: +1.8% (compared to December 2024)Quarterly Change: +2.8% (compared to October 2024)Annual Change: +10.0% (compared to January 2024)Costa Adeje continues to be a reliable area for property buyers, reaching its highest price point of €4,865 per square metre this January. Its steady price increase suggests continued demand and confidence in the area.Playa de...
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Spain’s Controversial 100% Tax Proposal for Non-EU Property Buyers: What You Need to Know
17 01 - 2025
Updated 21 February 2025 - Introduction - Spain has recently stirred global attention with a bold and controversial announcement: a potential 100% tax on property purchases by non-EU non-residents. The announcement, made by Prime Minister Pedro Sánchez, aims to tackle the country’s housing affordability crisis. This unprecedented proposal has sparked widespread debate, leaving many wondering how it will impact foreign property investment in Spain.Understanding the 100% Tax AnnouncementOn January 13th, Prime Minister Pedro Sánchez unveiled a comprehensive plan to address Spain’s housing challenges. Among several measures, the most shocking was the proposal to...
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2024 Property Market Report for South Tenerife
04 01 - 2025
IntroductionThe South Tenerife property market has demonstrated significant resilience and dynamic growth throughout 2024. Renowned for its stunning coastlines, favourable climate, and vibrant tourism sector, South Tenerife continues to attract a diverse range of buyers, from international investors to retirees seeking idyllic living conditions. This comprehensive report delves into the latest market trends, key metrics, buyer and seller behaviours, and provides insightful predictions for the upcoming year, making it an essential guide for anyone interested in properties for sale in Tenerife.Market OverviewIn 2024, the South Tenerife property market experienced robust growth, underpinned by strong international demand, increased tourism, and a stable economic environment. Key...
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New Year, New Resolution: Why Property Investment Should Be on Your 2025 Agenda
02 01 - 2025
As we step into a brand-new year, it's the perfect time to reflect on our goals and set resolutions that can transform our lives. For many, this means focusing on health, personal growth, or career advancement. But have you considered making 2025 the year you take a bold step toward financial security and independence? Property investment in Tenerife offers an incredible opportunity to grow your wealth while enjoying all the benefits of living or investing in one of the most desirable locations in the world.Why Property Investment Makes Sense in 2025The global economy continues to evolve, and real estate remains a cornerstone of wealth creation. In Tenerife, the property market is thriving, offering a mix of vacation homes, rental properties, and long-term investment opportunities....
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Avoiding Common Mistakes When Buying Property in Tenerife
09 12 - 2024
Purchasing a property in Tenerife is an exhilarating yet daunting endeavor, particularly for first-time buyers. To help prospective buyers navigate this complex process, we have compiled a detailed guide highlighting the five most common mistakes made by property buyers in Tenerife, along with practical tips on how to avoid them. Understanding these pitfalls is crucial for making informed decisions and ensuring a smooth transaction.1. Overcoming Indecision: The Importance of Confidence in Your ChoiceIndecision can be one of the biggest obstacles to successfully purchasing a property. Many buyers find themselves caught in a cycle of doubt, particularly when trying to assess whether a property represents good value. This often leads to missed opportunities and prolonged searching, which...
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November 2024 Property Market Report: Tenerife's Latest Housing Price Trends
05 12 - 2024
Tenerife Property Market Insights: November 2024 OverviewThe Tenerife real estate market continues to flourish, with November 2024 data showcasing significant trends in Costa Adeje, Playa de las Américas, Los Cristianos, Golf del Sur, and Callao Salvaje. Here’s a breakdown of the latest housing price evolution and market dynamics based on Idealista's data.1. Costa Adeje: Steady Growth in a Premium LocalePrice per m²: €4,750Annual Change (2023–2024): +1.4%Quarterly Change (Since August 2024): +4.1%Monthly Change (Since October 2024): +0.4%Properties Available: 296Costa Adeje continues to be a highly sought-after area, offering steady growth. Its consistent demand makes it ideal for investors and luxury home seekers.2. Playa de las Américas: Mixed Trends in a Prime SpotPrice per m²:...
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Spain's Housing Market Predicted to Stay
21 11 - 2024
The housing market in Spain, including its highly sought-after regions like the Canary Islands, is poised for remarkable growth in 2025. With escalating demand for both properties and rentals, experts anticipate significant price increases, a resurgence in mortgage activity, and notable challenges for first-time buyers. This comprehensive analysis explores the underlying dynamics, projections, and implications of this thriving market.Housing Market Growth Forecast for 2025Spain's real estate sector is on track to achieve extraordinary milestones in 2025, driven by an upsurge in transactions, stabilized credit conditions, and robust consumer savings. According to...
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October 2024 Property Market Report: Price Evolution In The South Of Tenerife
07 11 - 2024
The October 2024 property market in Tenerife's popular Costa Adeje area and its surroundings has shown dynamic growth, with some regions hitting historical price records. Analyzing the most current data, we’ll break down price trends in Costa Adeje, Callao Salvaje, Playa de las Américas, Los Cristianos-Palm Mar, and Golf del Sur-Amarilla Golf.With the allure of Tenerife’s climate and lifestyle, these areas have become increasingly attractive, creating a strong real estate market that is steadily rising in value. This report provides insights on price changes over recent months and year-on-year shifts, helping potential buyers and investors understand the latest trends and projections.1. Costa Adeje: Market Stability with Slight DeclinePrice per m² in October 2024: €4,731Change since...
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