The largest Canary island, with two airports and a clear north–south split: premium tourism in the south, year-round living in the north. No ITP on resale, IGIC 6.5% instead of 10% IVA.
The island's tourist core and its most expensive market. Costa Adeje is the upmarket address (San Eugenio, Fañabé, El Duque); Los Cristianos and Playa de las Américas are an established holiday market with high letting occupancy. Near-guaranteed sun almost all year.
El Médano is Europe's wind- and kitesurf hub — a weather-independent demand market of its own. Golf del Sur and Amarilla Golf appeal to golf buyers: quieter, resort-adjacent, often cheaper per square metre than the Adeje strip.
The green, more authentic north: cooler, more Spanish in character and notably cheaper. Puerto de la Cruz as a traditional resort, Santa Cruz and the university town of La Laguna (UNESCO) with a genuine year-round housing market rather than a pure holiday one.
The Canaries = a special economic zone. On resale, ITP transfer tax does not apply; on new builds, 6.5% IGIC applies instead of 10% IVA. Versus mainland Spain, that is roughly 1–3.5% less on the purchase price.
Spanish banks finance in Tenerife as on the mainland: up to 70% loan-to-value for non-residents. CaixaBank, BBVA, Santander and Sabadell have dense branch networks in Adeje, Los Cristianos and Santa Cruz.
Tenerife South (TFS) handles the holiday flights from Germany; Tenerife North (TFN) the inter-island and mainland links. Year-round direct flights from all major German cities, around 4.5 hours' flight time.
Concrete example calculations for typical foreign buyers — as a guide for your own plan.
Model calculations without guarantee. Not binding offers. Terms vary depending on credit profile, property and bank. No tax or legal advice.
Model calculations without guarantee. Not binding offers. Terms vary depending on credit profile, property and bank. No tax or legal advice.
Prefilled with typical values for Tenerife — adjust and calculate.
⚠️ Guide value without guarantee. Spain: max. 70%, Portugal: max. 80% loan-to-value for non-residents. Purchase costs = ITP/IMT + notary + land registry + lawyer + NIE/NIF. Total outlay = equity + purchase costs + all payments over the term. For a binding offer, contact us.
Tenerife, Gran Canaria, Lanzarote, Fuerteventura compared.
Go to page → Canaries · islandLas Palmas as a year-round city and the south around Maspalomas.
Go to page → RegionThe Balearic market and a comparison to the Canaries.
Go to page → RegionFinancing in the region.
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Author & regulatory separation. Content author: Siegfried Perini. Mortgage brokerage in Spain and Portugal is carried out under the §34i permit of Olga Nikushkina (BAFA-notified). This page does not replace legal or tax advice.