From 2020 to 2024, the Tenerife real estate market showed steady growth despite pandemic challenges. In 2020, prices dropped by 5–10% due to declining tourism demand, but recovery began in 2021 as travelers returned and interest grew in villas and houses.
By 2022, prices increased by 7–10%, reaching pre-pandemic levels. Southern areas like Costa Adeje remained highly sought after, while the resurgence in short-term rental demand attracted investors. In 2023, the focus shifted to energy-efficient properties, driving a 6–8% rise in prices.
2024 marked a record year for demand: prices rose by 8–10%, with premium properties appreciating by 15%. Investments in rental and commercial real estate proved particularly profitable due to the recovery of the tourism sector.
The Tenerife market remains promising for investors, offering stable price growth, high rental income, and long-term opportunities for capital investment.
