Property Market

Property Market In Tenerife – November 2023

https://youtu.be/tqrEyuTGaI0 Tenerife Property Market Overview - November 2023 Comparison Between November 2022 and November 2023: Arona area: Property prices increased by approximately 20%. Los Cristianos: Prices rose by around 13% over the last 12 months. Adeje: Property prices increased by about 26% in the last year. Costa Adeje: Prices increased just under 20% from November...

Property Market In Tenerife – October 2023

https://youtu.be/JQKbKQ64br8?si=FXVTh9Upl3lmP3_r Tenerife Market Update: October 2023 In this update video, we'll delve into the intriguing shifts in property prices from October 2022 to October 2023, exploring both meter squared asking prices and actual sale prices. Additionally, we'll scrutinize the month-to-month changes between September 2023 and October 2023. Year-Over-Year Price...

Property market in Tenerife – September 2023

https://youtu.be/9zLZRKMjPvM Tenerife Property Market for September 2023: What You Need to Know We'll check out the Tenerife property market for September 2023 and compare it with September 2022 and August 2023. This way, we can see how it has changed over the past year and month. Year-on-Year Price Changes In the last 12 months, property asking prices have gone up by 21.2%. In Los...

Property Prices And Sales In Tenerife July 2023

https://youtu.be/nFc2PPqG2jk Here's a summarized list of significant and interesting points from the article: Yearly Erosion (July 2022 - July 2023): Area of erosion saw a 17.1% increase over a 12-month period. Los Cristianos reported a 20% increase over a 12-month period. The whole area of cost ec witnessed a 33% increase. A 25.5% increase was noted for cost ec. Month-to-Month...

Property prices and sales in Tenerife – June 2023

In this month's market snapshot, we're going to be having a look at the difference in asking prices between May 2023 and June 2023. And also we'll be looking at the difference in prices between June 2023 and June 2022. https://youtu.be/9uxR2bw7-q8 So don't forget, I do these every month.  I take the figures from the same sources every month.  So although they may not be exact, it's...

Tenerife’s Property Market in May 2023: A Comparative Analysis

As we delve into the dynamics of the Tenerife property market for May 2023, we'll look back at the landscape in May 2022 and April 2023 for a richer perspective. By maintaining a consistent data source for the property figures each month, we strive to present you with the most accurate insights on emerging trends and changes in the market. Throughout this period, Tenerife's real estate market has shown...

Property prices and sales in Tenerife – May 2023

https://youtu.be/OQOWXnFLOec In this video we're going to look at the property market for May 2023 in comparison to May 2022, and also to May and April 2023.  So we'll have a month or month comparison and a year on year comparison as well.  I do this every month, so if you're interested, maybe you want to subscribe to this channel and then you'll get a notification the next time one...

Analysis of Market Snapshot Figures for April 2023: A Comprehensive Review

Here are my insights on the recent market snapshot figures for April 2023. In Spain, it can be quite challenging to obtain precise data regarding property prices and sales figures. However, by consistently utilizing the same dataset, we can observe the fluctuations in property prices. When comparing year-on-year data, we see an increase in property sale prices ranging from 13% to 28%, depending...

Property prices and sales in Tenerife – April 2023

https://youtu.be/aiifX3gSK-4 Here are my thoughts on the market snapshot figures that I put out recently for April, 2023. Don't forget, it's always very difficult to get concrete figures in Spain about property prices, sale prices and that sort of thing. But I feel that if I keep using the same data set, then we are going to see the rises and falls of the property prices. So as we can see...

Q1 2023 Property Market Report: Tenerife’s Prime Locations Continue to Thrive

The end of the first quarter of 2023 demonstrates a robust property market in Tenerife, particularly in sought-after areas such as Los Cristianos, Las Américas, Costa Adeje, and the municipalities of Adeje and Arona. Despite a potential reduction in inquiries, people are still actively buying properties, with year-on-year and month-on-month price increases in these prime locations. In this article, we...

Property prices and sales in Tenerife – March and Quarter 1 2023

https://youtu.be/zLMOlAqGZ3w It's the 11th of April, it's the end of quarter 1 2023. We've got the figures here in front of me for the year-on-year, month-on-month and the price per meter squared figures for Los Cristianos, Las Américas, Costa Adeje and the municipalities of Adeje and Arona. And I'll put them up here on the screen as well, probably up there. But we've got obviously selling increase,...

Property prices and sales in Tenerife – January 2023

https://youtu.be/3KYCXpcAyF8 So this is the year-on-year change. This is going from what January 22 was like and what's January 23 like. And this is how it's gone and changed through the year. So, we can see that Arona, Los Cristianos, Adeje, and Costa Adeje, you can see the increases there. Quite a lot of increases around the Costa Adeje area. So these are costs in thousand euros per meter squared. So,...

Did the Tenerife property market catch a cold during Covid?

At the end of 2019 and the start of 2020 things in the world of real estate were trundling along nicely, getting into the groove and coming to the end of the busy period which normally runs from October through to March, April every year…then suddenly, all of that came to a halt. Flights and travel were stopped with a jolt and so tourists and hence property buyers were stopped in their tracks,...

The Tenerife property market & Coronavirus early 2020

https://youtu.be/OSjIArVxOu4 I thought this month's newsletter might be good to do on video. So, have a look down below, there'll be some answers to some of your questions. Maybe you're thinking about buying, maybe you're thinking about selling. So let us get into the questions. https://youtu.be/s_-Ca2sNhzc A lot of people are probably thinking is now a good time to sell? If you're...

Are prices going crazy in Tenerife?

In recent years property prices have been depressed in all areas of Spain, including the Canary Islands. Thanks mainly to the financial crisis and lack of lending from the banks, property purchases were limited to those that had funds to hand and as such, fewer buyers meant a reduction in prices.Now the crisis is over...or at least for most of the world, prices are picking...

The Tenerife Property market during 2017

10 years after the brakes were put on the rising prices...how is the Spanish market, especially the Tenerife property market? During the Spanish property boom, prices went through the roof but abruptly came to a screeching halt in 2007 when the ceiling fell in on the property market - I hope you liked the use of the carefully chosen property oriented words there. Prices crashed throughout...

Have you missed the boat or is this the perfect storm?

Have you ever, during your lifetime...just felt that you should have done something a while ago, but now feel that it's too late and maybe you've missed the boat? I wasn't in Tenerife 25 years ago, but I very often wonder that if I was, would I have bought property or would I have thought it was too expensive at that time. When I hear or see what some of my sellers paid 25 years ago for the...

How is the property market in Tenerife?

As estate agents we are very often asked “How is the property market in Tenerife?” or even worse “When is the market going to get back to normal?” When asked “How is the market in Tenerife?” the normal response is “it depends if you’re looking to sell, buy, rent or invest”.  The market is full of distressed sales and bank repossessions at the moment, so if you are an investor,...

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