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Property Prices in Tenerife

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BIRDS EYE VIEW OF THE MARKET

prices graph

 

Even though it seems an age ago since we entered the worldwide recession there are still mixed feelings of whether we are now back on the road to recovery or still slipping deeper into the abyss??

From a rather lengthy survey of prices over an 8 year period we can see pre recession prices along with the current situation, we feel confident that there are some real positive signs of a revival.

With the exception of the top 6 major cities in mainland Spain Tenerife maintains its superiority over most of the other tourist areas in Spain.

 

 

Average house prices – Tenerife

Q1 Q2 Q3 Q4
2005 X X € 224K € 199K
2006 € 196K € 208K € 203K € 208K
2007 € 201K € 212K € 232K € 219K
2008 € 214K € 222K € 219K € 225K
2009 € 222K € 225K € 210K € 192K
2010 € 212K € 223K € 218K € 219K
2011 € 229K € 235K € 236K € 237K
2012 € 231K € 227K € 224K € 222K
2013 € 220K € 225K € 224K € 225K
2014 X X X X

The average Tenerife property costs € 225K while Spanish property costs on average € 218K.


Average house prices for 1 bed properties – Tenerife

Q1 Q2 Q3 Q4
2005 X X € 157K € 142K
2006 € 151K € 159K € 157K € 150K
2007 € 149K € 148K € 157K € 156K
2008 € 157K € 157K € 154K € 151K
2009 € 147K € 144K € 136K € 121K
2010 € 135K € 136K € 137K € 133K
2011 € 133K € 132K € 131K € 130K
2012 € 129K € 127K € 126K € 127K
2013 € 127K € 126K € 124K € 124K
2014 X X X X

Average house prices for 2 bed properties – Tenerife

Q1 Q2 Q3 Q4
2005 X X € 218K € 191K
2006 € 199K € 216K € 214K € 218K
2007 € 207K € 217K € 230K € 223K
2008 € 218K € 222K € 219K € 221K
2009 € 220K € 217K € 213K € 205K
2010 € 213K € 210K € 208K € 207K
2011 € 210K € 210K € 210K € 207K
2012 € 202K € 200K € 200K € 196K
2013 € 200K € 200K € 199K € 199K
2014 X X X X

Average house prices for 3 bed properties – Tenerife

Q1 Q2 Q3 Q4
2005 X X € 347K € 299K
2006 € 257K € 288K € 300K € 343K
2007 € 337K € 345K € 348K € 331K
2008 € 327K € 339K € 334K € 344K
2009 € 342K € 355K € 351K € 318K
2010 € 340K € 351K € 339K € 331K
2011 € 333K € 336K € 335K € 350K
2012 € 344K € 335K € 311K € 303K
2013 € 296K € 310K € 313K € 307K
2014 X X X X

Average house prices for 4 bed properties – Tenerife

Q1 Q2 Q3 Q4
2005 X X € 534K € 490K
2006 € 326K € 326K € 320K € 428K
2007 € 481K € 480K € 488K € 487K
2008 € 528K € 546K € 548K € 560K
2009 € 550K € 544K € 574K € 551K
2010 € 516K € 576K € 582K € 570K
2011 € 575K € 577K € 543K € 553K
2012 € 567K € 567K € 556K € 531K
2013 € 502K € 495K € 506K € 497K
2014 X X X X

Average house prices for 5 bed properties – Tenerife

Q1 Q2 Q3 Q4
2005 X X X X
2006 X X X X
2007 € 607K € 604K € 595K € 505K
2008 € 511K € 609K € 696K € 773K
2009 € 760K € 781K € 792K € 785K
2010 € 717K € 734K € 842K € 827K
2011 € 825K € 801K € 803K € 760K
2012 € 732K € 701K € 699K € 682K
2013 € 670K € 650K € 641K € 643K
2014 X X X X

 


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