Investing in Candelaria: 9 €/m²/month in rent and 4.0% gross yield
Buying in Candelaria costs 2,786 €/m² on average and renting goes for 9 €/m² a month, leaving a gross yield of 4.0% before costs and taxes. It is essentially the Spanish average (4.2%), with purchase prices above the Spanish average.
9 €/m²/monthRent90 m² home: €835/month
2,786 €/m²Purchase90 m² home: €250,740
4.0%Gross yieldAnnual rent over purchase price
83/100Momentum50 = flat market
The map
Candelaria within Santa Cruz de Tenerife
Where the municipality sits and how it compares with its neighbours.
Gross yield< 3%3–4 %4–5 %5–6 %≥ 6%sin datos
Administrative boundaries from the Spanish National Geographic Institute (CC BY 4.0). The Canary Islands are drawn shifted, as on any map of Spain.
The verdict
What the analysis sees
The specific signals the official data leaves about this market, before going into detail.
On gross yield it ranks 42 of 54 among the municipalities of its province.
Candelaria has 29,023 residents, an average gross household income of €30,485 a year, an approximate unemployment rate of 19% (above the Spanish average). These are signals of how deep housing demand runs, not of the risk of any one tenant.
In favour
Momentum 83/100Appraised prices, rents, transactions and population are all rising in the latest data.
16 properties analysedWe hold stock for sale here, each with its own investment score.
Rent burden of 33%Renting a 90 m² home takes that share of gross household income; above 30% there is limited room for rents to rise.
Approximate unemployment of 19%Above the Spanish average: this is market context, not a measure of tenant risk.
The market
What it costs and what it earns
The market level in Candelaria and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².
25 yearsPrice / Rent (PER)Years of rent to pay off the purchase
8.2 yearsAffordabilityHousehold incomes to pay for 90 m²
33%Rent burdenAnnual rent as a share of household income
0.53%Urban IBIRate approved by the town hall
2,786 €/m²Purchase price
Spain 2,029 €/m²€/m² of transactions, population-weighted average
9 €/m²/monthRent
Spain 7 €/m²€/m² a month, population-weighted average
4.0%Gross yield
Spain 4.2%annual rent over purchase price, before costs
The comparison
Where it stands against the rest
Candelaria's percentile among the municipalities with enough data, computed on the same figure for all of them.
Gross yield4.0%
14
PeorMedianaMejor
Rent level9 €/m²/month
99
PeorMedianaMejor
Momentum83/100
89
PeorMedianaMejor
Within Santa Cruz de Tenerife it ranks 42 of 54 on gross yield.
The demand
Demand, employment and liquidity
The structural depth of the market: how many people live here, what they earn, how much changes hands and what stress it carries. This is market context, never a measure of tenant risk.
2.8Market turnover
Spain 3.3transactions a year per 1,000 residents · more turnover, easier to resell
19%Unemployment (approx.)
Spain 11%registered unemployed over unemployed + social security contributors
€30,485Gross household income
Spain €31,185annual income tax returns (AEAT), population-weighted territorial average
5.2‰Net migration
Spain 12.8‰arrivals minus departures from abroad per 1,000 residents
0.57Repossession pressure
Spain 0.55housing repossessions per 1,000 dwellings of the provincial stock · 2025
Repossessions are a provincial figure (INE): they describe the market in Santa Cruz de Tenerife, not this municipality alone.
The costs
Municipal costs and taxes
What the town hall and the cadastre set for this municipality, which is what the owner pays every year whether it is let or not.
0.530%Urban IBI rateApproved by the town hall
2010Last cadastral revisionThe older it is, the more outdated the cadastral value
€664/yearIBI on a standard homeEstimated on 90 m² and the average cadastral value
The trend
How it has moved
Official series for Candelaria over recent years. Where a series is missing, the municipality does not publish it.
Rent price index
INE · 2011 base = 100 · yearly
+3.5% interanual
Housing transactions
MIVAU · deals per year
−8.7% interanual
Registered unemployment
SEPE · yearly average
−2.9% interanual
Average gross income
AEAT · annual tax return
+5.8% interanual
Registered population
INE · yearly population register
0.0% interanual
Net international migration
INE · immigration − emigration · yearly
+34.8% interanual
Recorded offences
Ministry of the Interior · cumulative
+83.7% interanual
Nearby
Alternatives in Santa Cruz de Tenerife
Territories of the same level ranked by gross yield, to compare before deciding.
Where each figure comes from, over which territory and from what date. Confidence measures data coverage, never investment quality.
Data coverage
100/100
What this page does not show is what is not published about the municipality, not a zero.
official rent series (SERPAVI)
series sufficient to measure momentum
official appraised value (MIVAU)
estimated market level
our own adverts
When each figure is from
This is the latest figure published by each source for this municipality.
rent
2024
sale
2026Q1
household income
2023
official appraisal
2026Q1
population register
2025
registered transactions
2026Q1
registered unemployment
2026M06
MIVAUAppraised housing value and registered transactions
SERPAVIOfficial reference rent index
INEPopulation register, migration and repossessions
AEATAverage gross household income
SEPE and Social SecurityRegistered unemployment and contributions
CatastroCadastral value, age and IBI rate
InmobliaOur own catalogue of adverts, each with its investment score
An indicative statistical estimate for comparing markets, not an appraisal or an investment recommendation. Gross yield does not deduct costs, IBI, insurance, voids or taxes.
