Los Realejos · report
Empty homes in Los Realejos
21.5% of the 17,417 homes counted in the 2021 census stood empty, whether for sale, to let or for other reasons.
- Empty, 2021 census
- 21.5%
- Empty homes
- 3,743
Against the wider area
Share of homes standing empty in the 2021 census.
| Area | Empty |
|---|---|
| Los Realejos | 21.5% |
| Santa Cruz de Tenerife province | 20.6% |
| Canarias | 19.4% |
| Spain | 14.4% |
The 2021 census counted a dwelling as vacant when it used almost no electricity through the year and nobody was registered in it, from administrative records rather than a visit. Second homes are counted apart and are not included. Municipalities under 1,000 inhabitants are published only as their province's total.
Other reports for Los Realejos
At the average appraised value, a 90 m² home costs €171,531. With 10% down and a 30-year mortgage, the payment is €654 a month. Spain sets no cap on the payment; lenders must assess each borrower's solvency.
- Payment, two incomes
- 23%
- Payment, one income
- 46%
Owning and renting a 90 m² home cost about the same each month. Owning counts interest, running costs and the return the deposit could earn, at the appraised value; rent is the mean of new leases. Repaying the loan is saving, so it is left out.
- Rent per month
- €579
- Owning per month
- €607
Figures for Santa Cruz de Tenerife province: Los Realejos has no reliable figures of its own.
61.2% more homes were licensed for construction in the last 12 months than in an average year of the past decade.
- Licensed, 12 months
- 2,310
Figures for Santa Cruz de Tenerife province: Los Realejos has no reliable figures of its own.
Buyers living abroad bought 18.1% of the homes sold here in the four quarters to Q2 2026.
- Bought by buyers abroad, 12 months
- 18.1%
Appraised values have fallen by 3% or more 2 times since 2005. The deepest began in Q3 2008.
- Deepest fall
- −46.8%
- Recovery from the low
- 108 months