A cultural jewel and interesting hotspot for real estate investors
Santa Cruz de Tenerife, the lively city on the largest Canary Island, is not only a cultural and scenic gem, but also a promising location for real estate investors. With an average purchase price for existing residential properties of €2,700 per square meter and rental yields of around €13.80 per square meter*, the city offers attractive opportunities, particularly through medium-term rentals to European winter visitors. Many Europeans who want to escape the cold spend the winter months here and enjoy the mild climate of the Canary Islands. Thanks to the excellent quality of life and pleasant climate all year round, Santa Cruz is a magnet for people looking for a second home or a long-term investment.
But Santa Cruz has much more to offer than just financial incentives. The city boasts a unique combination of culture, nature and urban comfort that has been attracting people from all over the world for decades. As the cultural center of Tenerife, it is home to the famous*Auditorio de Tenerife, which regularly hosts international concerts and performances. Museums, historical sites and the picturesque Parque García Sanabria invite you to discover the island’s rich history.
The quality of life in Santa Cruz is high. The city offers modern infrastructure such as first-class medical care, schools, shopping centers and well-developed public transport. Despite all these amenities, the pearl of Tenerife has managed to retain its cozy character and convey the relaxed island feeling.
The pleasant climate of Santa Cruz is another plus point. The city is located in the north-east of the island and its location offers a fresh breeze and moderate temperatures, which are particularly appreciated in the hot summer months. While the south of the island is often very warm in the hot season, it remains pleasantly cool in Santa Cruz. Playa de las Teresitas, a golden sandy beach, is the perfect place to relax, and the Teide National Park, a UNESCO World Heritage Site with its breathtaking volcanic landscape, is a great place for nature lovers to go hiking.
A cultural highlight is the Santa Cruz Carnival, which is one of the largest in the world. Every year, the carnival transforms the city into a colorful sea of parades, music and costumes, attracting thousands of visitors.
With this unique blend of culture, quality of life, natural beauty and a promising real estate market, Santa Cruz de Tenerife is a place that captivates people permanently.
*www.idealista.com/de/presseservice/immobilienpreise/miete/canarias/
