Santa Cruz de Tenerife Property Prices, Rents & Rental Yields

About Santa Cruz de Tenerife

Santa Cruz de Tenerife blends a coastal capital setting with island connectivity, bringing together administrative, commercial, and residential activity in one of Tenerife’s most established urban centres. Its apartment market reflects that central role, with price signals that matter for both end users and investors watching the city’s evolution.

July 2026 stands out first for the pace of sale price growth. The average apartment sale price reached €299,000, up 5.8% month over month and 6.8% year over year, while the average price per square metre climbed to €2,990, rising 2.7% over the month and 11.1% over the year. That combination points to a market where values continue to move higher even as the rental side stays steady.

The rental figure was unchanged at €1,200, leaving the yield at 5.28%. For investors, that is the month’s main tension: capital values are advancing faster than rents, which can narrow the income advantage if the trend persists. For now, the data suggests a market in which pricing momentum is still intact, but rental growth has not kept pace with the rise in purchase costs. In practical terms, July’s numbers favour careful underwriting rather than assumptions of automatic yield expansion.