value it SL

Properties for sale in Adeje and Arona, Tenerife, have fallen in value by 5,4% in real terms in the last six months

Property prices in Tenerife have fallen in the last six months, by 3,48% in the South of Tenerife, by 2,64% in the north of Tenerife, and by 3,37% in the metropolitan area including the capital Santa Cruz de Tenerife

It provides an explanation of the differences between the government figures for property prices and the selling or asked for prices for property for sale in Tenerife

Puerto de la Cruz has property cots of 2562 euros per square metre, higher than Adeje in the south of Tenerife

There are big differences between the final selling price and the asking price, as much as 26%, suggesting that buyers are getting big discounts. The market needs to price realistically in order to keep buyers confident

Property prices are falling in the major areas of Tenerife, according to government figures. The Value It surveys show higher prices than those recorded by government suggesting negotiations are pushing down prices significantly

Spanish givernment figures suggest a falling or at best static property market in the Canaries. The Value It independent survey suggests prices are much higher in Tenerife

There are still some cheap areas for property in Tenerife, well below the average cost per square metre for the island as a whole

San Juan de Rambla has property costs at 1296 euros per square metre and is the cheapest area in the north of Tenerife. Puerto de la Cruz is the most expensive area in the north at 2562 euros per square metre

Researching costs per square metre fpr property in Tenerife will pay for British and German buyers