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Follow on Google News | The South of Tenerife is the most expensive for propertyThe South of Tenerife has the highest costs of property based upon costs per square metre (in euros). The metropolitan region of Santa Cruz and La Lagauna is second, with the north of the island of Tenerife being the cheapest.
By: value it SL Based upon its September publication of property costs (in euros) per square metre, based upon a survey of over 5500 properties, the average cost per square metre for Tenerife as a whole is 2099 euros per square metre of constructed space. This contrasts with the official figures from the Ministry of Housing´s figures for the Canaries at 1797 euros per square metre (as of half way through this year). Commenting on the differences, J Gardner, of Value It, suggests that the ´´17% difference could be made up of under declarations as people seek to avoid taxes, and lower sale prices following buyer negotiations. Whatever the reason, the cost of property is much higher than the government supposes´´. Of the three regions, the South and South East (Candelaria through to Puerto Santiago) is the most expensive at 2185 euros per square metre, followed by the Metropolitan region (Santa Cruz and La Laguna and the north east peninsula) with costs per square metre of 2077 euros. The North and Isla Baja is the cheapest region (from Tacoronte through to Buenavista and El Tanque), with costs per square metre at 2010 euros. # # # About Value it SL. An independent publisher and assessor of property for sale in Tenerife, Spain, via a Guide that shows the price ranges in terms of costs per square metre for all types of property across the island of Tenerife Website: www.valueit.es End
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