Tenerife Property Prices, Rents & Rental Yields

About Tenerife

Tenerife combines volcanic highlands, Atlantic coastline and a patchwork of coastal towns and inland communities. Its varied elevations give the island a distinctive geography, making location within Tenerife an important part of any property comparison.

In October 2026, the clearest signal for Tenerife apartments is the gap between sale-price growth and flat rents over the past year. The average sale price stands at €294,980, up 3.5% year on year, while average rent is €1,200 and has not changed on the same basis. For an investor comparing purchase costs with rental income, that contrast matters more than the sale price alone: a higher average entry price has not been matched by an increase in average rent. It is a comparison of recorded prices, not a prediction about future rents or returns.

The reported yield is 4.96%, providing an income measure alongside current pricing. Month on month, the average sale price and rent were both unchanged, so the annual gap does not reflect a new monthly move in either measure. That pause helps distinguish the latest reading from the longer comparison: sale prices are above their level a year earlier, whereas rents remain at theirs. For apartment investors, the practical question is how a particular property's costs and achievable rent compare with these island-wide averages, rather than treating a regional figure as the return available at every address.