Santa Cruz de la Palma · Santa Cruz de Tenerife

Historic mixed-use building, 317 m²

€800,000 2,524 €/m²

Renovated three-level building in Santa Cruz de la Palma historic centre, with a 20 m² terrace and additional rooftop. Currently operating as a hotel establishment, with upper-floor expansion potential and easy division.

Reference SOL156 · On Inmoblia since 10 September 2026 · Published by Solutio Real Estate

The property

Specifications

What the advert says about the property: floor area, layout, condition and registry details.

Type
Building
Built area
317 m²
Terrace
20 m²
Floors in the property
3
Year built
1896
Condition
Good condition
Occupancy
Vacant
Energy certificate
G
Use / licence
Hospitality
Fittings

Fittings and extras

What the property comes with and how much each item weighs in the “Property data” sub-score.

  • Terrace 20 m²

The advert also mentions:

  • Mixed-use building
  • Additional rooftop with multiple potential uses
  • Extensively rehabilitated
  • Easy internal division
  • Potential to add an upper floor
  • Historic nineteenth-century facade
  • Near the beach
  • Central commercial and residential location
  • One dwelling

Free text we could not normalise into a comparable attribute, so it does not score.

The verdict

What the analysis sees

The specific signals the model finds in this property and its municipality, before going into the score in detail.

In favour

  • Ready to move intoFree of tenants: available to let from day one.
  • In good conditionNo renovation needed to put it on the rental market.

Against

No notable risks in the available data.

Municipal momentum

Where the local market is heading.

Rent price index

INE · 2011 base = 100 · yearly

+4.7% interanual
127.4 20112014201820212024 106.9 · 2011106.9 · 2011104 · 2012104 · 2012102.6 · 2013102.6 · 2013100.6 · 2014100.6 · 2014100 · 2015100 · 2015102.4 · 2016102.4 · 2016103.2 · 2017103.2 · 2017105.4 · 2018105.4 · 2018108.6 · 2019108.6 · 2019111 · 2020111 · 2020113.9 · 2021113.9 · 2021118.5 · 2022118.5 · 2022121.7 · 2023121.7 · 2023127.4 · 2024127.4 · 2024

Housing transactions

MIVAU · deals per year

−7.2% interanual
90 20112015201820222025 46 · 201146 · 201133 · 201233 · 201241 · 201341 · 201348 · 201448 · 201436 · 201536 · 201552 · 201652 · 201686 · 201786 · 2017116 · 2018116 · 2018107 · 2019107 · 201978 · 202078 · 202092 · 202192 · 2021160 · 2022160 · 202293 · 202393 · 202397 · 202497 · 202490 · 202590 · 2025

These series describe the municipality's housing market; for this asset they are context for the area, not for its own segment.

Investment guide for Santa Cruz de la Palma

Municipal demand

The structural depth of demand in the area.

+1.4%Rent trajectory
0 = flat average annual growth of the municipal rent index (INE)
13%Unemployment rate (approx.)
median 10% unemployed over unemployed + social security contributors (a proxy comparable across municipalities)
+18.9‰Net migration
median 11.9‰ arrivals minus departures from abroad per 1,000 residents · a growing population sustains demand

Registered unemployment

SEPE · yearly average

−2.2% interanual
1,054 20192021202320242026 1,534 · 20191,534 · 20191,737 · 20201,737 · 20201,712 · 20211,712 · 20211,359 · 20221,359 · 20221,309 · 20231,309 · 20231,191 · 20241,191 · 20241,078 · 20251,078 · 20251,054 · 20261,054 · 2026

Average gross income

AEAT · annual tax return

+7.8% interanual
€28,253 20132016201820212023 €22,123 · 2013€22,123 · 2013€22,763 · 2014€22,763 · 2014€22,386 · 2015€22,386 · 2015€22,959 · 2016€22,959 · 2016€23,094 · 2017€23,094 · 2017€23,817 · 2018€23,817 · 2018€24,840 · 2019€24,840 · 2019€24,774 · 2020€24,774 · 2020€25,480 · 2021€25,480 · 2021€26,199 · 2022€26,199 · 2022€28,253 · 2023€28,253 · 2023

Registered population

INE · yearly population register

0.0% interanual
15,690 20112014201820222025 16,924 · 201116,924 · 201116,924 · 201116,924 · 201116,705 · 201216,705 · 201216,705 · 201216,705 · 201216,330 · 201316,330 · 201316,330 · 201316,330 · 201316,184 · 201416,184 · 201416,184 · 201416,184 · 201415,900 · 201515,900 · 201515,900 · 201515,900 · 201515,711 · 201615,711 · 201615,711 · 201615,711 · 201615,581 · 201715,581 · 201715,581 · 201715,581 · 201715,674 · 201815,674 · 201815,674 · 201815,674 · 201815,716 · 201915,716 · 201915,716 · 201915,716 · 201915,695 · 202015,695 · 202015,695 · 202015,695 · 202015,446 · 202115,446 · 202115,446 · 202115,446 · 202115,361 · 202215,361 · 202215,361 · 202215,361 · 202215,441 · 202315,441 · 202315,441 · 202315,441 · 202315,565 · 202415,565 · 202415,565 · 202415,565 · 202415,690 · 202515,690 · 202515,690 · 202515,690 · 2025

Net international migration

INE · immigration − emigration · yearly

+17.4% interanual
297 2021202220232024 104 · 2021104 · 2021249 · 2022249 · 2022253 · 2023253 · 2023297 · 2024297 · 2024
Comparables

Similar properties nearby

Real references of the same municipality and type, to cross-check rent and price. They are not necessarily active offers.

They sell for…

Comparable sales in Santa Cruz de la Palma, including those already sold.

This is a shortlisting pass over the advert's data, not a due diligence report. Before deciding, check the points we cannot verify from here:

  • The real service charge and, above all, whether any special levies are approved or pending: they appear in the minutes of the last owners' meetings.
  • The property's actual IBI: our figure is an estimate from the municipality's cadastral values, not the specific bill.
  • Charges, mortgages, seizures or easements in the Land Registry extract.