Buying to renovate in Tenerife: the investor's guide
Renovating a newly bought property is the single biggest lever for value uplift in Tenerife. We help you do it profitably and without surprises.
Best areas to invest
The south (Adeje, Costa Adeje, Los Cristianos, Las Américas) offers the strongest tourist demand and 6-9% gross yields on holiday rentals. El Médano attracts young travellers and kitesurfers. La Laguna and Santa Cruz are more stable for long-term residential lets.
For foreign investors, areas where the holiday-rental licence (VV) is still issued are most sought-after. Before buying, check the building and land use: not every flat can be turned into a VV.
Real ROI after renovation
A full renovation of a 60 m² flat costs €30,000-€50,000 in Tenerife. It lifts market value by 20-35% when done well, with materials matched to the area and a functional layout for short-term rentals.
If you renovate to resell, you typically recoup 70-110% of the renovation cost depending on location. If you renovate to rent out, expected payback is 3-5 years.
Step-by-step process
1. Free technical visit before purchase to spot damp, old wiring, structural issues. 2. Itemised quote. 3. Contract signing and scheduling. 4. Execution with weekly photos and videos. 5. Key handover with written guarantee.
We work with Italian, British, German and French clients buying remotely. Our Italian team coordinates everything in your language.
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Thinking of buying a property to renovate?
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