What Is the Real Price Per m² in Tenerife South?

Costa Adeje

This luxury resort area (including zones like Fañabé and Torviscas) averages about €5,320 per m² for residential properties. Costa Adeje is among the most expensive locales in Tenerife thanks to its five-star hotels, beaches, and upscale amenities. Prices have risen modestly year-over-year; for example, Idealista data shows Adeje up around +3% vs. last year, reflecting steady demand.

Playa de Las Américas

One of the oldest and busiest resort areas, spanning Arona (and partly Adeje). Here prices reach roughly €6,000 per m², making it one of the priciest spots in Tenerife South. This zone is dense with vacation apartments and nightlife, so demand remains high. Interestingly, some data indicated a slight dip in late 2024, but as of spring 2025 it’s rebounding, with around €6,014/m² in May 2025.

Los Cristianos

A vibrant beach town popular with expatriates and tourists, Los Cristianos averages about €4,800 per m² for residential properties. This is slightly more affordable than neighboring Las Américas, yet still high due to its seaside location and amenities. Prices have climbed year-over-year, in line with the general upward trend in south Tenerife’s tourist zones.

An upscale residential area above Fañabé, known for modern villas and apartments. Average prices are around €3,800–€4,000 per m², according to Idealista data for El Madroñal de Fañabé. Spacious villas here may have higher per m² values (some listings suggest ~€4,800/m² for larger homes), but generally El Madroñal offers a slight “value” compared to frontline Costa Adeje. Its popularity with families and expats keeps demand strong.

Chayofa (Arona)

A peaceful hillside community just above Los Cristianos. Chayofa’s residential prices average about €4,100 per m². This area features villas and townhouses with more land, so while per m² cost is lower than beachfront, total property prices can be substantial. The village feel and proximity to resort amenities make Chayofa a consistent draw for buyers seeking tranquility without being too far from the action.

Palm-Mar (Arona)

A secluded coastal residential area near El Palm-Mar reserve. Palm-Mar’s properties average roughly €4,540 per m². The area has seen new development in recent years (modern apartments and villas), attracting foreign buyers for its quiet seaside charm. Its price per m² is high – on par with city-center levels – reflecting limited supply and growing popularity.

A luxury hillside zone overlooking Costa Adeje’s coastline (just above San Eugenio Bajo/Puerto Colón). Here, expect about €4,360 per m²on average. San Eugenio Alto is known for private villas and high-end apartment complexes with panoramic views. It’s slightly less per m² than properties right at the water (indeed, down the hill in San Eugenio Bajo, prices top €6,300/m²), but still firmly in the luxury bracket.

Surging Prices: As of April 2025, home prices in the province of Santa Cruz de Tenerife (which includes Tenerife South) jumped about +18% compared to April 2024. This is part of a broader Canary Islands boom – 2023 ended with a +22.5% annual rise in Canary property prices, a rate “reminiscent of the pre-2007 housing bubble” according to Fotocasa’s index. In fact, Canary Islands house prices in 2023 hit their highest on record (≈€2,421/m² average), 15% above the 2007 peak.

Tourist Zone Premiums: The hottest areas (Costa Adeje, Las Américas, etc.) have led the growth. For instance, Adeje’s average price (~€4,300/m² in early 2025) is up over 10% vs. 2020, reflecting steady appreciation. Some micro-markets saw slight corrections or plateaus in late 2024, but overall trendlines point upward. Notably, Tenerife’s top districts have reached ~€5,000–€6,000/m², approaching upscale Marbella levels, though still below Balearic Islands extremes.

Resilience in Demand: Despite rising interest rates in Europe, demand for Tenerife property remains resilient. Foreign buyers especially continue to play a major role in the market’s dynamism. In 2024, analysts observed sustained interest from overseas investors, contributing to constant price growth even as some mainland markets cooled. Local demand exists too (often for investment or relocation), but the international appeal of Tenerife (climate, lifestyle, holiday rental yields) has been a key driver in pushing prices upward.