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 2022 to November 2023.
Month-on-Month Changes (October 2023 to November 2023):
- Arona: 3% increase in property prices.
- Los Cristianos: 1% increase in asking prices.
- Adeje: Marginal increase of 0.1%.
- Costa Adeje: No change in property prices between October and November.
Property Availability and Average Asking Prices:
- Total Properties for Sale in Tenerife: Just under 10,000.
- Arona: Over 1,700 properties with an average asking price of just under €3,500 per meter squared.
- Los Cristianos (subset of Arona): Just under 600 properties with an average asking price of just over €4,100 per meter squared.
- Adeje: 2,164 properties for sale with an average asking price of just under €4,500 per meter squared.
- Costa Adeje (subset of Adeje): 1,374 properties with an average asking price of just over €5,000 per meter squared.
- Las Americas (half included in Arona): About 189 properties with an average asking price of €5,700 per meter squared.
Market Trends and Recap:
- Overall, properties in Arona have experienced a slight month-on-month increase in asking prices.
- Costa Adeje appears to have stabilized with no change in property prices between the last two months.
Upcoming Recaps:
- In January, a recap of December’s market trends will be provided.
- A comprehensive year-end recap is anticipated to provide insights into the overall market performance throughout the year.
Conclusion:
- Stay tuned for future updates on the YouTube channel for a detailed analysis of Tenerife’s property market. Thanks for watching! See you in the next update.
