In Santa Cruz de Tenerife, the real estate market continues to surprise even the most seasoned analysts. In November 2025, the average price per square meter reached €2,512, sparking fresh discussions among buyers and sellers. Over the past year, property prices in the capital of Tenerife have risen by 17.3%, and by 0.5% in just one month. These figures indicate that demand for apartments and houses here is not only holding steady but is also fueled by expectations of further growth.
The city is steadily narrowing the gap with national figures. While the average price across Spain stands at €2,605 per square meter, Santa Cruz de Tenerife is now almost on par. Moreover, the growth rate in the island’s capital is outpacing the national average: across the country, property prices have increased by 16.1% over the year. Such dynamics raise the question of whether Tenerife might become the new hotspot for investors and those seeking housing in the Canary Islands.
Leading districts
Within the city, the difference in price per square meter is striking. The most expensive area remains Los Hoteles–Rambla–Duggi, where prices reach €3,604 per square meter. Over the year, prices here have risen by 18.6%. Next are Toscal (€3,129, +8.5%) and La Salle (€3,127, +7.9%). The city center is also keeping pace, with €3,084 per square meter—3% higher than a year ago.
However, it’s not just upscale neighborhoods showing growth. In more affordable areas, the dynamics are even more pronounced. In Santa Cruz Suroeste, property prices jumped 21.5% to €1,822 per square meter. Ofra–Costa Sur saw a 23.3% increase to €1,898. Even Salamanca–Uruguay, where prices have traditionally been lower, recorded a 13.5% rise to €2,571.
Trends and dynamics
The average housing price in Santa Cruz de Tenerife has come very close to its historical peak—just a 0.2% difference. The neighborhoods of Ofra–Costa Sur and Santa Cruz Suroeste stand out in particular, with prices there experiencing the city’s fastest annual growth. Meanwhile, Los Hoteles–Rambla–Duggi has solidified its reputation as the most expensive area to buy property.
Despite slight price decreases in some districts over the past three months, the overall trend remains upward. Prices per square meter continue to be high in the city center and affluent neighborhoods, while the suburbs are seeing rapid growth. This is widening the gap between central and peripheral areas, a divide that is becoming more pronounced each month.
What’s happening in the market
The real estate market in Santa Cruz de Tenerife is currently experiencing a phase of rapid growth. Demand for housing remains strong despite high prices. Many homeowners are unaware of just how much the value of their apartments has increased over the past year. With prices nearing historic highs, interest in property valuation is only increasing.
Buyers are closely monitoring changes across the city’s neighborhoods to avoid missing out on advantageous deals. Meanwhile, sellers are using modern tools for quick and accurate property evaluations. As a result, the market is becoming increasingly dynamic and unpredictable, with the price gap between the center and the outskirts continuing to widen.
A look ahead
Experts note that if current trends continue, Santa Cruz de Tenerife may catch up to or even surpass the national average in the coming months. Investors are showing increasing interest in this area, while local residents are facing new challenges when buying property. The issue of housing affordability is becoming more pressing, especially for young families and those planning to purchase their first apartment.
At the same time, despite the rapid growth, the market is not yet showing signs of overheating. Stable demand and limited supply are keeping prices at a high level. The situation is expected to remain tense in the near future, and the gap between different areas of the city is likely to widen.
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