Do You Want to Sell Your Property in Tenerife?

Selling a house or apartment in Tenerife, one of the largest of the Canary Islands, can be a rewarding decision! With strong demand from international buyers, especially in popular areas such as Costa Adeje, Los Cristianos, and Puerto de la Cruz, the island continues to be a dynamic market for property sales.

Here is a clear and practical guide to help you prepare for the process of selling your property in Tenerife.🏠

What Kind of Properties Are in Demand?

• Apartments close to beaches
• Villas with gardens, pools, or sea views
• Renovated or modernised homes
• Residences with a tourist rental licence (VV)

Well-presented homes in sought-after areas tend to sell faster and at better prices, especially if the property is move-in ready or licensed for short-term rentals.

Main Steps in the Selling Process:

     1. Property Valuation

The first step is getting a professional valuation based on your property’s location, size, condition, and current market trends

     2. Legal Documents Required

To sell your property in Tenerife, you’ll typically need:

• Title deed (escritura pública)
• Recent Nota Simple (land registry report)
• Energy Performance Certificate (EPC)
• Certificate of habitability (cédula de habitabilidad, if applicable)
• Proof of payment of IBI (local property tax)
• Community fee receipts
• NIE number (for non-residents)

If there are any existing charges or mortgages, these must be declared and cleared before completion.

Key Considerations for Sellers: 

- Tax Withholding for Non-Residents

If you are not a Spanish tax resident, be aware that the buyer is legally required to withhold 3 % of the sale price and pay it directly to the Spanish Tax Office (Hacienda). This serves as an advance payment against any potential capital gains tax. If you made little or no profit, you can request a refund later.

- Municipal Capital Gains Tax (Plusvalía)

This tax is calculated on the increase in the land value since the last sale. It is normally paid by the seller unless otherwise agreed.

- Selling Costs:

Typical costs for the seller may include:

• Capital gains tax (19 % for non-residents from the EU)
• Plusvalía tax
• Real estate agency fees (usually 5 %, negotiable)
• Legal or tax advisor fees
• Possible cancellation fees for an existing mortgage

It’s advisable to consult a local tax advisor to calculate your net return and obligations.

Tourist Rental Licences (VV)

If your property is registered as a holiday rental (Vivienda Vacacional), this can be a strong selling point (especially for buyers looking for an investment). However, licensing laws vary by municipality and are subject to current regional restrictions. Be prepared to present the registration certificate and proof of activity.

Can You Sell from Abroad?

Yes. If you are not living in Spain, you can still sell your property remotely by giving power of attorney to a trusted lawyer, agent, or family member. This allows them to act on your behalf at the notary and manage the administrative steps locally.

How Long Does It Take to Sell?

There is no fixed rule, but well-priced properties in good condition usually sell within 1 to 6 months, depending on location, market conditions, and buyer profile. Properties with realistic prices and strong marketing tend to move faster.

Conclusion

Selling a property in Tenerife is relatively straightforward but requires good preparation. Make sure your documents are up to date, understand your tax obligations, and consider working with experienced professionals for valuation, legal checks, and international marketing.

With its stable demand, international appeal, and legal security, Tenerife remains a strong market to sell an apartment or house, whether for lifestyle or investment reasons.