Santa Lucía de Tirajana – Real Estate Investment Overview
Market Overview: Score, Prices and Rental Yields
Market Score
Median Sale Price
| Month | Median Sale Price |
|---|---|
| July | €158,000 |
| August | €159,500 |
| September | €169,000 |
| October | €170,000 |
| November | €175,000 |
| December | €185,000 |
| January | €185,000 |
| February | €179,000 |
| March | €179,000 |
| April | €178,000 |
| May | €178,500 |
| June | €188,000 |
Median Rent Price
| Month | Median Rent Price |
|---|---|
| July | €1,000 |
| August | €880 |
| September | €900 |
| October | €850 |
| November | €850 |
| December | €850 |
| January | €820 |
| February | €800 |
| March | €850 |
| April | €930 |
| May | €950 |
| June | €980 |
Gross Rental Yield
| Month | Gross Rental Yield |
|---|---|
| July | 7.73% |
| August | 6.99% |
| September | 6.48% |
| October | 7.09% |
| November | 6.96% |
| December | 6.63% |
| January | 7.23% |
| February | 6.73% |
| March | 6.7% |
| April | 6.63% |
| May | 6.48% |
| June | 6.78% |
Square meter cost
| Month | Square meter cost |
|---|---|
| July | €1,860 |
| August | €1,780 |
| September | €1,900 |
| October | €1,890 |
| November | €1,990 |
| December | €2,060 |
| January | €2,100 |
| February | €2,090 |
| March | €2,210 |
| April | €2,140 |
| May | €2,140 |
| June | €2,100 |
Market Breakdown
Listings by property size
| Category | Listings by property size |
|---|---|
| Studio (1%) | 1 listings (1%) |
| 1 bedroom (6%) | 8 listings (6%) |
| 2 bedroom (41%) | 53 listings (41%) |
| 3 bedroom (49%) | 63 listings (49%) |
| 4+ bedroom (2%) | 3 listings (2%) |
Sales Activity Index
Rent Activity Index
Gross Rental Yield
| Category | Gross Rental Yield |
|---|---|
| Studio | 0% |
| 1 bedroom | 7.18% |
| 2 bedroom | 6.39% |
| 3 bedroom | 7.15% |
| 4+ bedroom | 0% |
| Category | Gross Rental Yield |
|---|---|
| < 30 m² apartments | 0% |
| 30-40 m² apartments | 0% |
| 40-50 m² apartments | 0% |
| 50-60 m² apartments | 5.53% |
| 60-70 m² apartments | 6.37% |
| 70-80 m² apartments | 6.2% |
| 80-90 m² apartments | 0% |
| 90-100 m² apartments | 6.05% |
| 100-110 m² apartments | 6.86% |
| 110-120 m² apartments | 8.57% |
| 120-130 m² apartments | 0% |
| 130-140 m² apartments | 6.03% |
| 140-150 m² apartments | 0% |
Square meter cost
| Category | Square meter cost |
|---|---|
| Studio | €3,070 |
| 1 bedroom | €1,700 |
| 2 bedroom | €2,140 |
| 3 bedroom | €1,930 |
| 4+ bedroom | €1,740 |
| Category | Square meter cost |
|---|---|
| < 30 m² apartments | 0 |
| 30-40 m² apartments | 0 |
| 40-50 m² apartments | 1760 |
| 50-60 m² apartments | 3090 |
| 60-70 m² apartments | 2670 |
| 70-80 m² apartments | 2180 |
| 80-90 m² apartments | 2290 |
| 90-100 m² apartments | 2070 |
| 100-110 m² apartments | 1920 |
| 110-120 m² apartments | 1360 |
| 120-130 m² apartments | 1580 |
| 130-140 m² apartments | 1840 |
| 140-150 m² apartments | 1280 |
Number of listings for sale
| Category | Number of listings for sale |
|---|---|
| Studio | 1 |
| 1 bedroom | 6 |
| 2 bedroom | 47 |
| 3 bedroom | 57 |
| 4+ bedroom | 3 |
| Category | Number of listings for sale |
|---|---|
| < 30 m² apartments | 0 |
| 30-40 m² apartments | 0 |
| 40-50 m² apartments | 1 |
| 50-60 m² apartments | 6 |
| 60-70 m² apartments | 7 |
| 70-80 m² apartments | 16 |
| 80-90 m² apartments | 27 |
| 90-100 m² apartments | 14 |
| 100-110 m² apartments | 16 |
| 110-120 m² apartments | 14 |
| 120-130 m² apartments | 3 |
| 130-140 m² apartments | 3 |
| 140-150 m² apartments | 5 |
Number of listings for rent
| Category | Number of listings for rent |
|---|---|
| Studio | 0 |
| 1 bedroom | 2 |
| 2 bedroom | 6 |
| 3 bedroom | 6 |
| 4+ bedroom | 0 |
| Category | Number of listings for rent |
|---|---|
| < 30 m² apartments | 0 |
| 30-40 m² apartments | 0 |
| 40-50 m² apartments | 0 |
| 50-60 m² apartments | 1 |
| 60-70 m² apartments | 3 |
| 70-80 m² apartments | 1 |
| 80-90 m² apartments | 0 |
| 90-100 m² apartments | 1 |
| 100-110 m² apartments | 3 |
| 110-120 m² apartments | 2 |
| 120-130 m² apartments | 0 |
| 130-140 m² apartments | 1 |
| 140-150 m² apartments | 0 |
Market Trends
Top submarkets
Potential annual revenue
1 bedroom
2 bedroom
3 bedroom
Median Sale Price
| Month | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|
| July | €120k | €148k | €168.5k | €187k |
| August | €112.5k | €149k | €168.3k | €186k |
| September | €120k | €159k | €179.5k | €186k |
| October | €120k | €153.3k | €179k | €230k |
| November | €120k | €168k | €189.4k | €249k |
| December | €125k | €179k | €190k | €235.8k |
| January | €124.5k | €179k | €193.2k | €241.5k |
| February | €120k | €175k | €189.9k | €249k |
| March | €125k | €169k | €196.4k | €220k |
| April | €134.8k | €165k | €195k | €221.5k |
| May | €149.5k | €165k | €195k | €249.5k |
| June | €152.5k | €169k | €193k | €193k |
Median Rent Price
| Month | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|
| July | €720 | €1,000 | €1,050 | -- |
| August | €700 | €850 | €950 | -- |
| September | €910 | €780 | €950 | -- |
| October | €800 | €850 | €900 | €1,400 |
| November | €800 | €850 | -- | -- |
| December | €870 | €830 | €880 | €1,450 |
| January | €1,200 | €820 | -- | €1,450 |
| February | €850 | €800 | €1,100 | -- |
| March | €800 | €880 | €1,030 | -- |
| April | €850 | €950 | €950 | -- |
| May | €850 | €900 | €1,100 | -- |
| June | €910 | €900 | €1,150 | -- |
Years to profit (sale to rent ratio)
| Month | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|
| July | 13.89 | 12.33 | 13.37 | -- |
| August | 13.39 | 14.61 | 14.76 | -- |
| September | 10.99 | 16.99 | 15.75 | -- |
| October | 12.5 | 15.02 | 16.57 | 13.69 |
| November | 12.5 | 16.47 | -- | -- |
| December | 11.97 | 18.08 | 18.1 | 13.55 |
| January | 8.65 | 18.14 | -- | 13.88 |
| February | 11.76 | 18.23 | 14.39 | -- |
| March | 13.02 | 16.1 | 15.97 | -- |
| April | 13.21 | 14.47 | 17.11 | -- |
| May | 14.66 | 15.28 | 14.77 | -- |
| June | 13.93 | 15.65 | 13.99 | -- |
Square meter cost
| Month | 1 bedroom | 2 bedroom | 3 bedroom | 4+ bedroom |
|---|---|---|---|---|
| July | €2,450 | €1,970 | €1,740 | €1,470 |
| August | €2,270 | €1,990 | €1,730 | €1,720 |
| September | €2,220 | €2,030 | €1,890 | €1,750 |
| October | €2,610 | €1,880 | €1,900 | €1,770 |
| November | €1,850 | €2,210 | €2,040 | €1,870 |
| December | €1,920 | €2,240 | €2,000 | €1,940 |
| January | €1,950 | €2,270 | €2,030 | €1,730 |
| February | €1,880 | €2,330 | €2,000 | €1,780 |
| March | €1,950 | €2,350 | €2,160 | €1,570 |
| April | €1,850 | €2,200 | €2,070 | €1,940 |
| May | €1,940 | €2,200 | €2,070 | €1,610 |
| June | €1,700 | €2,140 | €1,930 | €1,740 |
Investment Insights by Districts
All | 6.78 % | 114 | 14 | €188,000 | €980 |
Studio | -- % | 1 | -- | €178,000 | -- |
1 Bedroom | 7.18 % | 6 | 2 | €152,500 | €910 |
2 Bedrooms | 6.39 % | 47 | 6 | €169,000 | €900 |
3 Bedrooms | 7.15 % | 57 | 6 | €193,000 | €1,150 |
4+ Bedrooms | -- % | 3 | -- | €193,000 | -- |
Summary and Key Takeaways
With a median rental yield of 6.78% and property prices starting at €152,500, Santa Lucía de Tirajana
may become a good investment option for some investors.
Median property prices in Santa Lucía de Tirajana are €188,000, while the median rent is €980. This means that a median property in Santa Lucía de Tirajana will pay for itself in 16.0 years.
Detailed real estate yield breakdown:
A median Studio apartment: --% yield, sale price €178,000, rent --.
A median 1-bedroom apartment: 7.18% yield, sale price €152,500, rent €910.
A median 2-bedroom apartment: 6.39% yield, sale price €169,000, rent €900.
A median 3-bedroom apartment: 7.15% yield, sale price €193,000, rent €1,150.
A median 4+ bedroom apartment: --% yield, sale price €193,000, rent --.
Where exactly to buy the property?