THE PROCE OF HOUSING IN SANTA CRUZ DE TENERIFE PROVINCE

The Tinsa IMIE Local Markets index shows a year-on-year increase of 2.8% in the price of housing in the province of Santa Cruz de Tenerife. Data from appraisals carried out by Tinsa during the quarter place the average price in the region at 1,312 euros/m². The figure represents a cumulative fall of 24.4% compared to the historical maximum reached in the province.
The evolution during 2020 is negative. The average price in the province of Santa Cruz de Tenerife in the third quarter of 2020 is 0.8% lower than that recorded in this area in the same period of the previous year. In 2019, the accumulated evolution for these same dates reflected an increase of 1.9% in the province.
In order to analyse the current price level of housing compared to what it was in 2001, Tinsa has generated an index with a base of 1,000 points in 2001. With respect to this reference, the price of housing in the province of Santa Cruz de Tenerife in the third quarter of 2020 stands at 1,222 points.

Third quarter 2020

Year-on-year var.
National average 0.4%
Canary Islands 0.4%

Summary Santa Cruz de Tenerife, province

Year-on-year change 2.8%
Difference from maximums 24.4%
Var. Acum. Q3 2020 *0.8%
Var. Acum. Q3 2019 *1.9%
Average time to sale 0 months
Average price 1,312 €/m²