Why invest in Real Estate in Tenerife, Spain?

Buying an investment property in Spain, specifically in the cities of Tenerife, is a smart way of securing a source of income that can help you achieve financial freedom. But what advantages can Tenerife’s cities offer to real estate investors? 

Check out some of the reasons why investing in a rental property in Tenerife is an excellent idea:

• Growing economy

Tenerife financial situation enjoys steady growth, thanks to its flexible business system and its competitive and economic transparency. The island is home to major corporations and over 200 foreign companies, which greatly impact the local economy. 

While the strongest industry in Tenerife is tourism due to its high demand, the island is slowly diversifying its economic sectors. For instance, sectors related to energy, light industries, and digital companies have been gaining ground in recent years.

• Enjoy great living conditions

Living in or visiting Tenerife allows you to experience a laidback lifestyle amidst spectacular sceneries and friendly locals. The island is a vibrant yet relaxing place to live and work – thanks to its pleasant weather conditions, amount of leisure options, low crime rates, as well as delicious cuisine. That’s why is one of the favorite destinations for digital nomads!

Additionally, the living cost and housing market of Tenerife are relatively affordable compared to other cities in Spain and even the rest of Europe. While it’s fairly cheaper to live on this Island, you still get to have easy access to high-quality services & amenities. Tenerife real estate market offers a wide range of prices, with the average property price of €214k. 

Bonus: Canary Islands offers one of the lowest tax rates in Europe, with only 7% of the added value of the product. 

• Exciting experiences await you!

Looking for unparalleled island vacation experiences? Then Tenerife is the best destination for you. Also known as the island of the thousand experiences, there’s no lack of leisure options that visitors can enjoy every day. Thus, you must visit Tenerife with the inclination to have lots of fun. 

With year-round mild temperatures, you can easily dip into its pristine beaches, or walk through the trails of its stunning lush forests. Moreover, discovering striking landscapes composed of volcanoes, cliffs, and slopes has never been easier!

Additionally, Tenerife is home to charming municipalities with fascinating festivities and traditions as well as important historical centers, museums, restaurants, and green spaces.