Value It España SL , the Santa Ursula based assessor of property prices in Tenerife, releases today an analysis of the costs of property for the areas that make up the North and Isla Baja of Tenerife. This is based upon its September issue of property price ranges for the north of Tenerife covering 2,185 properties.
Puerto de la Cruz is the most expensive at an average for all properties at 2,562 euros per square metre, followed by 2,219 euros per square metre for El Sauzal which is then followed by Santa Ursula at 2097 euros per square metre. At the other end of the scale San Juan de Rambla has a cost per square metre average of 1,296 euros, closely followed by Icod de los Vinos at 1,403 euros per square metre. This means that the cost of property is almost half in San Juan de Rambla price relative to the average cost in Puerto de la Cruz. The average for the whole of the north of the island including the Isla Baja (Garachico through to Buenavista) area is 2099 euros per square metre
Commenting on the figures, J Gardner of Value it, said that these ´´costs per square metre perhaps come as a surprise. For example, El Tanque, with its relative remoteness has a higher cost per square metre than San Juan de Rambla and Icod de Los Vinos. Perhaps it is the protected nature of this area that is keeping prices relatively high.´´
Value It España is a Santa Ursula based company, an independent company specializing in assessments of property prices across the island. Its purpose is to help buyers, who may be uncertain of the market, giving them the means to measure for value for money when buying properties. It recently published a survey of 5,500 properties across the Island of Tenerife, giving detailed information for all types of properties and across all areas.
Background information:
The costs per square metre, ranking each of the municipios or local government areas are given below:
San Juan de rambla
Icod 1403
El Tanque 1430
Buenavista 1578
Los Silos 1705
La victoria 1781
Los Realejos
La Guancha
Garachico 1842
Tacoronte 1868
La Orotava 1909
La Matanza 1991
Santa Ursula
El Sauzal 2219
Puerto de la Cruz 2562
