Investing in Pinar de El Hierro, El: 6 €/m²/month in rent and 4.4% gross yield
Buying in Pinar de El Hierro, El costs 1,722 €/m² on average and renting goes for 6 €/m² a month, leaving a gross yield of 4.4% before costs and taxes. It is essentially the Spanish average (4.2%), with purchase prices below the Spanish average.
6 €/m²/monthRent90 m² home: €563/month
1,722 €/m²Purchase90 m² home: €154,980
4.4%Gross yieldAnnual rent over purchase price
91/100Momentum50 = flat market
The map
Pinar de El Hierro, El 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 29 of 54 among the municipalities of its province.
Pinar de El Hierro, El has 2,042 residents, an average gross household income of €23,818 a year. These are signals of how deep housing demand runs, not of the risk of any one tenant.
In favour
Momentum 91/100Appraised prices, rents, transactions and population are all rising in the latest data.
4.9 transactions per 1,000 residentsA market with high turnover: reselling is easier than the national average.
Net migration of 16.2‰More people arrive than leave, above the Spanish average: sustained housing demand.
3 properties analysedWe hold stock for sale here, each with its own investment score.
Against
No notable risks in the available data.
The market
What it costs and what it earns
The market level in Pinar de El Hierro, El and what it means for a buy-to-let buyer. Per-m² figures are converted to a reference home of 90 m².
22.9 yearsPrice / Rent (PER)Years of rent to pay off the purchase
6.5 yearsAffordabilityHousehold incomes to pay for 90 m²
28%Rent burdenAnnual rent as a share of household income
0.45%Urban IBIRate approved by the town hall
1,722 €/m²Purchase price
Spain 2,028 €/m²€/m² of transactions, population-weighted average
6 €/m²/monthRent
Spain 7 €/m²€/m² a month, population-weighted average
4.4%Gross yield
Spain 4.2%annual rent over purchase price, before costs
The comparison
Where it stands against the rest
Pinar de El Hierro, El's percentile among the municipalities with enough data, computed on the same figure for all of them.
Gross yield4.4%
19
PeorMedianaMejor
Rent level6 €/m²/month
92
PeorMedianaMejor
Momentum91/100
93
PeorMedianaMejor
Within Santa Cruz de Tenerife it ranks 29 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.
4.9Market turnover
Spain 3.3transactions a year per 1,000 residents · more turnover, easier to resell
€23,818Gross household income
Spain €31,185annual income tax returns (AEAT), population-weighted territorial average
16.2‰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.
0.450%Urban IBI rateApproved by the town hall
2006Last cadastral revisionThe older it is, the more outdated the cadastral value
€349/yearIBI on a standard homeEstimated on 90 m² and the average cadastral value
The trend
How it has moved
Official series for Pinar de El Hierro, El over recent years. Where a series is missing, the municipality does not publish it.
Housing transactions
MIVAU · deals per year
+69.2% interanual
Registered unemployment
SEPE · yearly average
+7.1% interanual
Average gross income
AEAT · annual tax return
+4.7% interanual
Registered population
INE · yearly population register
0.0% interanual
Net international migration
INE · immigration − emigration · yearly
+10.0% 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
90/100
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
2025
sale
2025
household income
2023
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.
