Apartments for sale in Canary Islands, Spain

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2 bedroom apartment in Adeje, Spain
2 bedroom apartment
Adeje, Spain
Bedrooms 2
Bathrooms count 2
Area 163 m²
We offer for sale a premises of 160 m2, currently rented to a restaurant. It is located on …
$326,553
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VYM Canarias
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1 bedroom apartment in Miraverde, Spain
1 bedroom apartment
Miraverde, Spain
Bedrooms 1
Bathrooms count 1
Area 65 m²
Beautiful apartment for sale, located in one of the luxury aparthotels, called "Baobab Suite…
$677,024
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Apartment in El Tanque, Spain
Apartment
El Tanque, Spain
Rustic land in El Tanque with ocean views – 1,914 m² Are you looking for an investment oppo…
$29,132
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2 bedroom apartment in Urbanizacion El Guincho, Spain
2 bedroom apartment
Urbanizacion El Guincho, Spain
Bedrooms 2
Bathrooms count 2
Area 60 m²
Beautiful townhouse located in the Fairways Club in Amarilla Golf complex. The house is idea…
$377,783
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2 bedroom apartment in Arico, Spain
2 bedroom apartment
Arico, Spain
Bedrooms 2
Bathrooms count 2
Area 88 m²
New development, third sales phase, in Abades, Santa Cruz de Tenerife. Residential Ancor III…
$332,405
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Apartment in Adeje, Spain
Apartment
Adeje, Spain
Area 8 386 m²
Rustic plot for sale in Barrio de Los Menores. Surface 8386m2. A good investment for the future
$180,173
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2 bedroom apartment in Miraverde, Spain
2 bedroom apartment
Miraverde, Spain
Bedrooms 2
Bathrooms count 2
Area 92 m²
We offer for sale apartment in the exclusive and luxurious complex "Atlantic Homes", in a lu…
$719,532
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Penthouse 1 bedroom in Arona, Spain
Penthouse 1 bedroom
Arona, Spain
Bedrooms 1
Bathrooms count 1
Area 42 m²
We are pleased to offer you this cosy and bright, fully renovated apartment, located in a qu…
$262,638
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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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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).