Apartments for sale in Canary Islands, Spain

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3 bedroom apartment in Miraverde, Spain
3 bedroom apartment
Miraverde, Spain
Bedrooms 3
Bathrooms count 2
Area 160 m²
Elegant Seafront Villa in Bahia del Duque – Parque La Duquesa Located in the highly prestig…
$3,29M
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Lupain Tenerife Estate Agents
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3 bedroom apartment in Guia de Isora, Spain
3 bedroom apartment
Guia de Isora, Spain
Bedrooms 3
Bathrooms count 2
Area 140 m²
This absolutely stunning chalet sits on a plot of 5000m2 within a beautiful location in Guia…
$2,17M
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2 bedroom apartment in Arona, Spain
2 bedroom apartment
Arona, Spain
Bedrooms 2
Bathrooms count 1
Area 70 m²
Elegant 2-Bedroom Apartment in the Sought-After Port Royale Complex – Los Cristianos Situat…
$402,660
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AdriastarAdriastar
1 bedroom apartment in Arona, Spain
1 bedroom apartment
Arona, Spain
Bedrooms 1
Bathrooms count 1
This charming corner apartment is located within the highly sought-after Parque Santiago I c…
$557,169
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Apartment 7 bedrooms in Garachico, Spain
Apartment 7 bedrooms
Garachico, Spain
Bedrooms 7
Bathrooms count 5
Area 95 m²
Discover this picturesque finca with a large house and fruit orchard on the north coast of G…
$984,740
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VYM Canarias
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1 bedroom apartment in Arona, Spain
1 bedroom apartment
Arona, Spain
Bedrooms 1
Bathrooms count 1
Area 50 m²
A well presented 1st floor apartment In Edf Los Toscales situated in Arona. The property com…
$174,361
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Lupain Tenerife Estate Agents
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2 bedroom apartment in El Cabezo, Spain
2 bedroom apartment
El Cabezo, Spain
Bedrooms 2
Bathrooms count 2
Area 90 m²
New build, apartments for sale, with 2 bedrooms with fitted wardrobes, 2 bathrooms, 90m2 plu…
$511,460
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Penthouse 1 bedroom in Arona, Spain
Penthouse 1 bedroom
Arona, Spain
Bedrooms 1
Bathrooms count 1
Area 40 m²
A lovely reformed penthouse apartment in the complex Los Tajinastes in Playa De Las Americas…
$360,347
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Atlas PropertyAtlas Property
2 bedroom apartment in Arona, Spain
2 bedroom apartment
Arona, Spain
Bedrooms 2
Bathrooms count 1
Beautiful newly refurbished 2 double bedroom one bathroom apartment, in the very sought afte…
$428,929
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2 bedroom apartment in Miraverde, Spain
2 bedroom apartment
Miraverde, Spain
Bedrooms 2
Bathrooms count 2
Area 75 m²
We offer you for sale an apartment in the complex "Roque del Conde". This spacious apartment…
$453,340
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VYM Canarias
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1 bedroom apartment in Arona, Spain
1 bedroom apartment
Arona, Spain
Bedrooms 1
Bathrooms count 1
A well-presented apartment in the Primavera complex which is located in Tenbel in Costa del …
$208,013
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2 bedroom apartment in Arona, Spain
2 bedroom apartment
Arona, Spain
Bedrooms 2
Bathrooms count 1
Area 75 m²
A beautiful ground floor apartment in the Parque Santiago I complex which is on the sea fron…
$680,010
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2 bedroom apartment in Adeje, Spain
2 bedroom apartment
Adeje, Spain
Bedrooms 2
Bathrooms count 2
Area 70 m²
A lovely reformed apartment with garden, sea and pool views at the Club Paraiso complex, Pla…
$370,809
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Penthouse 2 bedrooms in Palm Mar Arona, Spain
Penthouse 2 bedrooms
Palm Mar Arona, Spain
Bedrooms 2
Bathrooms count 1
Area 80 m²
The property is distributed over two floors: On the first floor we find the living room, the…
$466,989
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VYM Canarias
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2 bedroom apartment in Guia de Isora, Spain
2 bedroom apartment
Guia de Isora, Spain
Bedrooms 2
Bathrooms count 2
Area 135 m²
We offer for sale the luxury 2-bedroom apartments in Abama Residence, in the Los Jardines co…
$1,02M
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VYM Canarias
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Penthouse 3 bedrooms in Adeje, Spain
Penthouse 3 bedrooms
Adeje, Spain
Bedrooms 3
Bathrooms count 2
3 bed apartment penthouse in Residencial El Torreon for sale in Adeje. The property comprise…
$452,177
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1 bedroom apartment in Arona, Spain
1 bedroom apartment
Arona, Spain
Bedrooms 1
Bathrooms count 1
A lovely apartment in the popular complex of Parque Margarita in Los Cristianos. The propert…
$371,971
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2 bedroom apartment in Miraverde, Spain
2 bedroom apartment
Miraverde, Spain
Bedrooms 2
Bathrooms count 2
Area 65 m²
Balcon del Andalucia of Ramada. We are pleased to offer a reformed 2 bed, 2 bath apartment i…
$382,433
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2 bedroom apartment in Miraverde, Spain
2 bedroom apartment
Miraverde, Spain
Bedrooms 2
Bathrooms count 2
Area 96 m²
New build. Atlantic Homes in Costa Adeje. This apartment is in the south block on the 1st fl…
$674,198
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Lupain Tenerife Estate Agents
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Penthouse 2 bedrooms in Arona, Spain
Penthouse 2 bedrooms
Arona, Spain
Bedrooms 2
Bathrooms count 1
Area 70 m²
Exclusive to Lupain Properties: Exceptional Seafront Penthouse in Los Cristianos We are del…
$742,007
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Apartment in Adeje, Spain
Apartment
Adeje, Spain
For sale urban plot in Tihoko Bajo of 823 m² with beautiful views. The corner location on th…
$457,989
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VYM Canarias
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Apartments in the Canary Islands are the most affordable way to enter the Spanish real estate market. The investment threshold is lower than for villas and houses, but the yield is similar at 5-7% per annum. This is especially true given the constant flow of tourists, even in winter, and the popularity of apartments for sale to foreigners in the Canary Islands.

Benefits of buying apartments in the Canary Islands

The local real estate market is characterized by high demand and low supply, which means investors have the opportunity to profit from rising prices and high rental rates. But that's not all,  apartments for sale in the Canary Islands is beneficial for the following reasons:

  • Housing in a mild climate. The annual temperature, even taking into account seasonal variations, is between 16–28 °C, without extreme heat or cold.
  • High rental yield. The island is visited annually by approximately 14 million tourists looking for rental accommodation.
  • Rising property values. Apartment prices in the Canary Islands increased by 4.2% on average between 2023 and 2025, particularly in Tenerife and Gran Canaria.

Apartment prices in the Canary Islands

The cost of apartments in the Canary Islands in Tenerife is €2,150, in Gran Canaria – €1,950, in Lanzarote – €1,700. The secondary market remains popular, but new builds in resort areas are more attractive to investors.

Average apartment prices in the Canary Islands:

Apartment type

Average price (€, 2023–2025)

Characteristics

Studio 120,000–180,000 30–40 m², popular in Los Cristianos
One-room apartment 160,000–240,000 40–60 m², in demand in Puerto de la Cruz
Two-room apartment 220,000–360,000 60-90 m², suitable for families, Costa Adeje
Three-room apartment 320,000–550,000 90–120 m², popular in Las Palmas
Penthouse 450,000–1,200,000 100–200 m², panoramic views, Mogan
Multi-level 600,000–2,000,000 150+ m², luxury complexes by the sea
By the sea 280,000–1,800,000 First line, high demand for rent

Popular areas of the Canary Islands for buying apartments

Costa Adeje (Tenerife) is the most popular area. Residential complexes here offer two-bedroom apartments starting from €320,000. High rental demand ensures monthly incomes of up to €1,500 for a two-bedroom apartment.

Other popular areas:

  • Los Cristianos (Tenerife). A resort town with affordable real estate. Studios start at €130,000, and one-bedroom apartments start at €160,000.
  • Puerto de la Cruz (Tenerife). A northern city suitable for family living, the average price for a two-bedroom apartment is €230,000.
  • Mogan (Gran Canaria). A city with a large port and numerous beaches. Prices for seaside apartments start at €270,000, with rental income around €1,200/month for a two-bedroom apartment.
  • Las Palmas (Gran Canaria). The island's capital, with average prices for three-bedroom apartments starting from €300,000.

Frequently asked questions about buying an apartment in the Canary Islands

Average price for a studio apartment in Tenerife — €150,000, a two-bedroom apartment in Las Palmas — €250,000, and a penthouse in Costa Adeje — from €500,000. In Lanzarote and Fuerteventura, prices are 10–20% lower.

Foreigners can buy an apartment in the Canary Islands by obtaining a NIE (Foreigner Identification Number) through the Spanish consulate or local police.

Local real estate is showing steady price growth of 4-5% per year. Rentals, rather than resale, are also popular with tourists, yielding up to 8% per annum.

Tenerife is a popular choice for investment apartments in the Canary Islands. While it's one of the most popular tourist destinations, it's less suitable for living due to its high prices. Gran Canaria is similarly situated, so Lanzarote is a more popular choice for living (prices are 15% lower than Tenerife).