Sorello Guides

What buying in Los Realejos actually costs

Second homes are a minority presence, at 25,85 % of the dwelling stock. The appraised average of 1.768,7 €/m² is close to the ordinary Spanish level. Los Realejos sits in the size class where Santa Cruz de Tenerife property still trades on local knowledge more than on portals.

The one-off cost at signing

The Canary Islands rate is 6,5 %, around the middle of the Spanish range. The Canary Islands transfer tax applies to resale purchases in Los Realejos; a new build is charged VAT and stamp duty instead.

Transfer tax on a resale purchase, at three illustrative prices
Purchase priceTransfer tax
200.000 €13.000 €
350.000 €22.750 €
600.000 €39.000 €

The three prices are round illustrative figures chosen to bracket the ordinary range, not measurements of this market.

The reduced rates, stamp duty and the deed checklist for Canary Islands

In context

On rural property-tax rate it is the fourth highest of the Santa Cruz de Tenerife municipalities this guide covers.

Nationally, that urban property-tax rate falls in the bottom quarter.

Compared with the rest of Santa Cruz de Tenerife in this guide, it sits second lowest on number of appraisals behind the average.

Against every municipality in this guide, its number of notarised home sales lands in the cheapest twentieth of them.

Set against the other Santa Cruz de Tenerife municipalities in this guide, it has the fourth lowest tax rate on construction work.

Put beside its neighbours

Across the country, the year of the last cadastral revision here belongs to the band just inside the top fifth.

Compared with the rest of Santa Cruz de Tenerife in this guide, it sits lowest on appraised value per square metre.

Nationally, that share of the urban register that is housing falls in the upper middle of the range.

Ranked against its neighbours in Santa Cruz de Tenerife, it holds the third lowest number of urban cadastral units of the group.

On a national view, its share of dwellings that are not a main residence falls into the upper middle of the range.

In context

Within Santa Cruz de Tenerife, that is the second lowest count of registered residential units among the municipalities this guide covers.

Set the national range end to end and this average cadastral value per home lands in the eighth twentieth from the bottom.

Ranked against its neighbours in Santa Cruz de Tenerife, it holds the fifth lowest average cadastral value per home of the group.

Set the national range end to end and this total dwelling stock lands in the lower middle of the range.

What the housing stock is like

No rented share is available for Los Realejos: the census stops short of municipalities this size.

25,85 % of dwellings in Los Realejos are not a main residence — a normal proportion for an inland town.

Almost the whole register is housing: 16.022 residential units out of 25.455 urban ones.

How old the cadastral values are

Building work is taxed at 3,6 %, near the top of what town halls may charge.

The last general revision in Los Realejos was 2010, so cadastral values sit some way below market values.

The annual cost of holding the property

The typical Los Realejos home is on the register at 55.623 €, below the national middle.

The rural rate is 0,42 %, lower than the urban one.

Los Realejos charges 0,51 % on urban property, modestly below the common level.

A cadastral value of 180.000 € taxed at 0,51 % gives 918 €, though the register is old enough that real values have moved.

The cadastral value in this example is a round illustrative figure, not the cadastral value of any particular property here. Ask for the last IBI receipt: it states the real one.

What the market looks like

It rests on 84 appraisals, a thin base that a few unusual properties can move.

The average appraisal in Los Realejos is 1.768,7 €/m², an ordinary Spanish level.

How rarely homes change hands

Notaries recorded 286 home sales in Los Realejos over the year, which is very few for its size.

Third quarter was the busiest quarter and Second quarter the thinnest, but the spread was mild.

Set against 16.022 residential units on the register, turnover is slow.

Notarised home sales by quarter, 2025
QuarterSales
First quarter68
Second quarter65
Third quarter81
Fourth quarter72

Related guides

Sources and licences