Sorello Guides

Teguise rents: the declared figures

At 9,22 €/m², Teguise is an expensive rental market by Spanish standards. Only 170 declared leases sit behind that figure, so read it as an indication rather than a benchmark. The reference has crept up by 13,3 % over five years, roughly in line with prices generally.

Rents declared on income-tax returns for main-residence leases, not asking prices. They lag the market and exclude holiday lets.

How it compares

Within Las Palmas, that is the third lowest five-year change in the reference rent among the municipalities this guide covers.

Put beside the rest of the country, its upper-quartile rent per square metre belongs to the second-dearest twentieth.

Compared with the rest of Las Palmas in this guide, it sits fifth lowest on median floor area of a let flat.

How it ranks

Across the country, the lower-quartile rent per square metre here belongs to the band just inside the top fifth.

Line the Las Palmas municipalities in this guide up by reference rent per square metre and this one is the third highest.

On a national view, its number of declared leases falls into the cheapest twentieth of them.

Put beside its neighbours

Line the Las Palmas municipalities in this guide up by median declared monthly rent and this one is the highest.

Against every municipality in this guide, its population lands in the fourth-cheapest twentieth.

Set against the other Las Palmas municipalities in this guide, it has the fifth highest share of dwellings that are not a main residence.

Before you sign

Put a quoted rent in its place

The reference has crept up by 13,3 % over five years, roughly in line with prices generally.

A typical declared lease in Teguise runs at 611,00 € a month.

What the reference implies for a flat of a given size, per month
Floor areaAt the lower quartileAt the medianAt the upper quartile
55 m²412 €507 €708 €
75 m²562 €692 €965 €
100 m²749 €922 €1.287 €

The floor areas are round illustrative sizes used to show the arithmetic, not measurements of any particular flat.

The reference figures, and how far apart they sit

A quote above 12,87 €/m² needs a reason you can point at; one below 7,49 €/m² needs a survey.

7,49 €/m² against 12,87 €/m² is a wide spread: in Teguise the same nominal flat means very different things.

Declared rents for flats: rent per square metre a month, unless stated
MeasureValue
Lower quartile7,49 €/m²
Median9,22 €/m²
Upper quartile12,87 €/m²
Median monthly rent611,00 €
Median floor area68 m²

Related guides

Sources and licences