Can foreigners buy property in Canary Islands?

Yes. There are no restrictions on buying property in Spain , whether it's commercial, residential or land. In fact, Spain encourages investment by foreigners, both resident and non-resident. You will require a financial number which can acquire by visiting a police station with your passport.

How do I buy a property in Canary Islands?

The process of buying a property in Spain usually runs as follows. First, the buyer makes an offer, usually through the seller's real estate agent. If this is accepted, then the buyer and seller sign a preliminary contract (contrato privado de compravento) and the buyer pays a deposit, typically 10% of the purchase price. Then the agent helps to organise property check and if there're no burdens or restrictions, a final sales contract is prepared.

Do I need a Spanish bank account to buy a property in Spain?

Yes. You will want a bank account in Spain once you have bought your Spanish property. This will enable you to set up direct debits and standing orders to pay for your utilities and bills .

Can I get a mortgage in Spain?

Yes. Although to get a mortgage in Spain you need NIE (Número de Identificación de Extranjeros). If you're in Spain, you can start the NIE application process at any local police station. Outside of Spain, the best way to apply for an NIE is to contact your local Spanish consulate.

What is a Spanish residence permit?

A long-term residence permit allows you to stay in Spain indefinitely, working or otherwise, under the same conditions as Spanish citizens. You can apply for Spanish nationality after 10 years of residence in Spain.

How do I get a residence permit in Spain?

Dedending on type (for students, for investors, etc.) you can obtain Spanish residence permit at Foreigner’s Office in Spain or at Spanish Consulate in your country of residence.

How long does it take to get residency in Spain?

The terms are based on the type of the residence (for students, for investors, etc.). Some of them can be obtained in less than one month.

Can I get residency in Spain if I buy property?

Yes. When buying a property, you can get a residence permit in Spain, which will allow you to legally reside in the country. At the moment, the most suitable program for obtaining a Spanish residence permit is a Non-Lucrative residence visa in Spain . The main requirement of the program is to provide sufficient financial guarantees, as well as the availability of housing in Spain. Until 2025, investors had the opportunity to apply for a golden visa to Spain when buying real estate starting from 500 thousand euros, and the program has been officially closed since April 2025.

How can I get permanent residency in Spain?

You can get permanent residency in Spain after 5 years of legal residence.

How long does it take to become a citizen in Spain?

The standard criteria for citizenship in Spain is 10 years of legal residence. There are reduced terms (1, 2 or 5 years) for residency based on naturalization, origin, option, etc.

Property for Sale in Canary Islands, Buy Real Estate from 70,000€

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New three-storey house with a swimming pool and panoramic views in Abama, Tenerife, Spain for 6,000,000 €

With swimming pool

New three-storey house with a swimming pool and panoramic views in Abama, Tenerife, Spain

6,000,000 €

£5,108,000

Total area 396 m²Land area: 807 m²5 bedrooms7 bathrooms

Furnished three-level villa with a pool and an underground parking in La Caleta, Tenerife, Spain for 1,700,000 €

With swimming pool

Furnished three-level villa with a pool and an underground parking in La Caleta, Tenerife, Spain

1,700,000 €

£1,447,000

Total area 221 m²Land area: 378 m²3 bedrooms2 bathrooms

Sea view

Аpartments with views of the sea, mountains and golf course, Costa del Sol

From 380,000 €

Swimming pool Underground parking Golf course Private garden Terrace

Stylish furnished villa with ocean views and a pool, Chayofa, Tenerife, Spain for 1,270,000 €

With swimming pool

Stylish furnished villa with ocean views and a pool, Chayofa, Tenerife, Spain

1,270,000 €

£1,081,000

Total area 206 m²Land area: 520 m²5 bedrooms5 bathrooms

1 month ago

Stunning new penthouse with ocean views in Fañabe, Tenerife, Spain for 1,295,000 €

With balcony/terrace

Stunning new penthouse with ocean views in Fañabe, Tenerife, Spain

1,295,000 €

£1,102,000

Total area 192 m²3 bedrooms2 bathrooms

Luxurious villa with a swimming pool, a gym and beautiful views in Adeje, Tenerife, Spain for 3,700,000 €

With swimming pool

Luxurious villa with a swimming pool, a gym and beautiful views in Adeje, Tenerife, Spain

3,700,000 €

£3,150,000

Total area 515 m²Land area: 720 m²5 bedrooms6 bathrooms

Exclusive villa with a pool, a large garage and ocean views in Costa Adeje, Tenerife, Spain for 1,579,000 €

With swimming pool

Exclusive villa with a pool, a large garage and ocean views in Costa Adeje, Tenerife, Spain

1,579,000 €

£1,344,000

Total area 385 m²Land area: 812 m²3 bedrooms4 bathrooms

Discounted properties upon request

Send us an enquiry, we will find advantageous offers for you

Send a discount enquiry

Ksenia Kolesnikova,

Client manager

We find off-market properties
We organise viewings
We assist in obtaining a mortgage

Furnished townhouse on the first line from the sea with jacuzzi and holiday license in Amarilla Golf, Tenerife, Spain for 630,000 €

The first line

Furnished townhouse on the first line from the sea with jacuzzi and holiday license in Amarilla Golf, Tenerife, Spain

630,000 €

£536,000

Total area 132 m²2 bedrooms3 bathrooms

Duplex furnished apartment with sea views in Playa de las Americas, Tenerife, Spain for 645,000 €

Duplex furnished apartment with sea views in Playa de las Americas, Tenerife, Spain

645,000 €

£549,000

Total area 140 m²4 bedrooms2 bathrooms

Unique villa with a pool, a spa and a cinema in Callao Salvaje, Tenerife, Spain for 3,500,000 €

With swimming pool

Unique villa with a pool, a spa and a cinema in Callao Salvaje, Tenerife, Spain

3,500,000 €

£2,979,000

Total area 353 m²Land area: 1,164 m²5 bedrooms4 bathrooms

Impressive apartment on the first line from the sea in Los Cristianos, Tenerife, Spain for 310,000 €

With balcony/terrace

Impressive apartment on the first line from the sea in Los Cristianos, Tenerife, Spain

310,000 €

£264,000

Total area 57 m²1 bedroom1 bathroom

How to get an RP in Spain?

Buy real estate worth at least 500,000 euros

One or more properties with a total value of 500,000 €. Residential and commercial real estate is suitable.
View properties
Applicant requirements

Applicant must be over 18 years old. Must confirm funding sources. Have no convictions in the last five years.
Learn more about requirements
RP benefits

Processing within 2–3 months. Visa-free Schengen countries. No permanent residence requirement. RP for the entire family. Right to work.
Learn more about benefits

Get advice

Three-storey villa with a pool and a garage in Costa Adeje, Tenerife, Spain for 1,245,000 €

With swimming pool

Three-storey villa with a pool and a garage in Costa Adeje, Tenerife, Spain

1,245,000 €

£1,060,000

Total area 344 m²3 bedrooms3 bathrooms

1 month ago

Sunny two-storey villa with pool, garden and sea views in Callao Salvaje, Tenerife, Spain for 2,500,000 €

With swimming pool

Sunny two-storey villa with pool, garden and sea views in Callao Salvaje, Tenerife, Spain

2,500,000 €

£2,128,000

Total area 281 m²Land area: 523 m²4 bedrooms5 bathrooms

Unique penthouse with a parking in a new complex, Costa Adeje, Tenerife, Spain for 1,295,000 €

With balcony/terrace

Unique penthouse with a parking in a new complex, Costa Adeje, Tenerife, Spain

1,295,000 €

£1,102,000

Total area 192 m²3 bedrooms2 bathrooms

Exclusive new penthouse with ocean and mountain views in Costa Adeje, Tenerife, Spain for 940,000 €

With balcony/terrace

Exclusive new penthouse with ocean and mountain views in Costa Adeje, Tenerife, Spain

940,000 €

£800,000

Total area 134 m²2 bedrooms2 bathrooms

Turnkey two-bedroom apartment next to the golf course, Abama, Tenerife, Spain for 1,300,000 €

With balcony/terrace

Turnkey two-bedroom apartment next to the golf course, Abama, Tenerife, Spain

1,300,000 €

£1,107,000

Total area 138 m²2 bedrooms2 bathrooms

New two-bedroom apartment in a first-class complex on the first line from the beach, Playa San Juan, Tenerife, Spain for 1,715,000 €

With balcony/terrace

New two-bedroom apartment in a first-class complex on the first line from the beach, Playa San Juan, Tenerife, Spain

1,715,000 €

£1,460,000

Total area 141 m²2 bedrooms2 bathrooms

Three-level villa with a pool, a garage and ocean views in Costa Adeje, Tenerife, Spain for 3,050,000 €

With swimming pool

Three-level villa with a pool, a garage and ocean views in Costa Adeje, Tenerife, Spain

3,050,000 €

£2,596,000

Total area 336 m²Land area: 642 m²3 bedrooms3 bathrooms

2 months ago

Huge apartment with ocean view in Los Cristianos, Tenerife, Spain for 995,000 €

With balcony/terrace

Huge apartment with ocean view in Los Cristianos, Tenerife, Spain

995,000 €

£847,000

Total area 231 m²4 bedrooms4 bathrooms

Furnished two-storey villa with a pool and beautiful views in Callao Salvaje, Tenerife, Spain for 1,590,000 €

With swimming pool

Furnished two-storey villa with a pool and beautiful views in Callao Salvaje, Tenerife, Spain

1,590,000 €

£1,354,000

Total area 193 m²Land area: 298 m²3 bedrooms5 bathrooms

Exclusive tropical villa with a pool and a lush garden in El Madroñal, Costa Adeje, Spain for 1,399,000 €

With swimming pool

Exclusive tropical villa with a pool and a lush garden in El Madroñal, Costa Adeje, Spain

1,399,000 €

£1,191,000

Total area 385 m²4 bedrooms2 bathrooms

Furnished three-level villa with a pool, a garden and a sea view in El Madroñal, Tenerife, Spain for 2,500,000 €

With swimming pool

Furnished three-level villa with a pool, a garden and a sea view in El Madroñal, Tenerife, Spain

2,500,000 €

£2,128,000

Total area 239 m²4 bedrooms4 bathrooms

Three-bedroom bright apartment near the sea in La Caleta, Tenerife, Spain for 950,000 €

With balcony/terrace

Three-bedroom bright apartment near the sea in La Caleta, Tenerife, Spain

950,000 €

£809,000

Total area 226 m²3 bedrooms2 bathrooms

2 months ago

Renovated villa with a pool, a large plot and guest apartments in Acantilado de los Gigantes, Tenerife, Spain for 1,950,000 €

With swimming pool

Renovated villa with a pool, a large plot and guest apartments in Acantilado de los Gigantes, Tenerife, Spain

1,950,000 €

£1,660,000

Total area 258 m²Land area: 11,000 m²5 bedrooms5 bathrooms

Five-room luxury apartment in a new complex on the seafront, Playa San Juan, Tenerife, Spain for 1,100,000 €

With balcony/terrace

Five-room luxury apartment in a new complex on the seafront, Playa San Juan, Tenerife, Spain

1,100,000 €

£936,000

Total area 195 m²4 bedrooms3 bathrooms

Two-storey sunny villa with a pool and ocean views in Golf del Sur, Tenerife, Spain for 1,600,000 €

With swimming pool

Two-storey sunny villa with a pool and ocean views in Golf del Sur, Tenerife, Spain

1,600,000 €

£1,362,000

Total area 306 m²Land area: 1,024 m²4 bedrooms4 bathrooms

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Tranio’s client cases

All cases

25 April 2024
Tranio case: buying an apartment in Madrid and obtaining Spain Golden Visa
Today Spain is one of the most popular EU countries for obtaining a residency by investments. To participate in the Spain Golden Visa programme, an investor must invest more than 500 thousand euros in the state economy or...
24 January 2024
Tranio’s client experience: buying a second home on the Costa Blanca
Spanish real estate has consistently been in high demand in the past few decades.
02 September 2016
The quest for the Golden Visa: a Tranio.com client on buying a flat in Estepona, Spain
Tranio.com’s client describes buying a Spanish property to obtain a Golden Visa residence permit.
15 January 2016
Risk-free transaction: this Tranio client bought a foreclosed flat in Marbella
This buyer chose a foreclosed flat in Spain’s upmarket Marbella. She tells us why she decided on this property that didn’t even make it to her shortlist.
12 September 2015
Profitable pleasure: two months rent covers Tranio buyer’s yearly costs
Dmitry, an entrepreneur from Moscow, bought a holiday home in Alicante on the Costa Blanca in 2014 with Tranio. One year later, we met with him to see how things were going.
10 September 2015
Keeping it in the family: three sisters buy a flat in Torrevieja
It's easier to buy property abroad when your family is behind you. This is how three sisters in their early sixties, Irina and Marina and Irina bought a holiday home in Torrevieja.
25 August 2015
Golden visas and marinas: yacht-aficionado buys luxury villa in Spain
Eugene, chief executive of a major Russian company, first considered buying property abroad when he took up yachting. We talked to him after he bought a villa in Catalonia near a marina.
17 July 2015
Owning property in Spain: a British perspective
Steve, an English expat in Moscow, Russia, bought a flat in Spain. Two years on, we asked him for the British perspective on Spain’s real estate, buyer’s remorse and bureaucracy.
06 May 2025
The Art of Renovation in Northern Athens and One-Stop-Shop Service of Tranio Hellas: Why Investor Bought Apartment...
Tranio has been operating in the Greek property market since 2010, selecting homes for clients from trusted partners across different regions — both in cities and in coastal resort locations.
28 February 2025
The Master Key: How a Tranio Client Optimised Taxes Through Real Estate Investment in Cyprus
Cyprus is one of the most sought-after destinations for tax optimisation, offering a transparent legal framework, full EU membership, and attractive conditions for foreign investors.

What they say about Tranio

All reviews

First and foremost Tranio is a very motivated team of professionals who surely know their job! We are very pleased with their well-coordinated work, timeliness of responses to the questions posed, and willingness to act in case of unusual situations.
Original letter

Coldwell Banker
It is with much enthusiasm that I personally recommend Tranio for a professional business collaboration in the ﬁeld of real estate, marketing, acquisition, and ﬁnance. The fundamentals of our business relationship with Tranio were set in 2016. Mundial AG has received the company’s great reputation throughout a number of international business pai’tners and stockholders. Tranio has helped our company to expand its horizons to the global market and has established benchmarks that would extend Mundial AG’s networks. The company has exceptional connections to potential investors and has a proﬁcient team that is capable of forming compound ﬁnancial models that attract ﬁnanciers. The cooperation with Tranio is based on professionalism, effectiveness, and Hypovﬂemsbank scrupulousness. Our experiences with Tranio are encouraging and progressive, which makes them one of our preeminent business paitners.
Original letter

Z. Farkas, Mundial AG
We are glad to have a partnership with Tranio! It offers a vast online property base and the best services.

Quality Villas

Property for sale in Canary Islands