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. If you buy property in Spain you can get a Spanish residency permit, which allows you to live in Europe. The only challenge is the paperwork, and you must invest at least 500,000€.

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 75,000€

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Prestigious apartments in a new residential complex on the first line from the ocean in Playa San Juan, Tenerife, Spain for From 865,000 €

Prestigious apartments in a new residential complex on the first line from the ocean in Playa San Juan, Tenerife, Spain

From 865,000 €

From £724,000

Completion in: 2025.IIITotal of 160 apartments

Residential complex

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 €

£5,024,000

Total area 396 m²Land area: 807 m²5 bedrooms7 bathrooms

2 months ago

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

Sunny turnkey studio apartment in San Eugenio Bajo, Tenerife, Spain for 169,000 €

With balcony/terrace

Sunny turnkey studio apartment in San Eugenio Bajo, Tenerife, Spain

169,000 €

£142,000

Total area 39 m²1 bathroomStudio

Exceptional villa with a pool and a lush garden in Abama, Tenerife, Spain for 3,500,000 €

With swimming pool

Exceptional villa with a pool and a lush garden in Abama, Tenerife, Spain

3,500,000 €

£2,931,000

Total area 629 m²5 bedrooms5 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 €

£3,098,000

Total area 515 m²Land area: 720 m²5 bedrooms6 bathrooms

Two-storey villa with a pool, a garden and beautiful views in Icod de los Vinos, Tenerife, Spain for 790,000 €

With swimming pool

Two-storey villa with a pool, a garden and beautiful views in Icod de los Vinos, Tenerife, Spain

790,000 €

£661,000

Total area 380 m²Land area: 1,801 m²5 bedrooms2 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

Three-storey furnished villa with ocean views in Callao Salvaje, Tenerife, Spain for 1,800,000 €

With swimming pool

Three-storey furnished villa with ocean views in Callao Salvaje, Tenerife, Spain

1,800,000 €

£1,507,000

Total area 262 m²Land area: 272 m²4 bedrooms4 bathrooms

Stylish villa with a pool, a garden, a garage, sea and lake views in Guia de Isora, Tenerife, Spain for 1,995,000 €

With swimming pool

Stylish villa with a pool, a garden, a garage, sea and lake views in Guia de Isora, Tenerife, Spain

1,995,000 €

£1,670,000

Total area 205 m²3 bedrooms4 bathrooms

Sunny two-storey villa with pool, garden and sea views in Callao Salvaje, Tenerife, Spain for 2,625,000 €

With swimming pool

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

2,625,000 €

£2,198,000

Total area 281 m²Land area: 523 m²4 bedrooms5 bathrooms

2 months ago

Duplex furnished apartment with sea views in Playa de las Americas, Tenerife, Spain for 695,000 €

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

695,000 €

£582,000

Total area 140 m²4 bedrooms2 bathrooms

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

Impressive apartment on the first line from the sea in Los Cristianos, Tenerife, Spain for 320,000 €

With balcony/terrace

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

320,000 €

£268,000

Total area 57 m²1 bedroom1 bathroom

1 week ago

Three-storey house with a garden, a garage and beautiful ocean views, Chayofa, Tenerife, Spain for 695,000 €

With swimming pool

Three-storey house with a garden, a garage and beautiful ocean views, Chayofa, Tenerife, Spain

695,000 €

£582,000

Total area 153 m²Land area: 434 m²3 bedrooms4 bathrooms

3 months ago

Exclusive luxury villa with unrivalled sea views in Santa Cruz de Tenerife, Spain for 1,920,000 €

With swimming pool

Exclusive luxury villa with unrivalled sea views in Santa Cruz de Tenerife, Spain

1,920,000 €

£1,608,000

Total area 513 m²Land area: 460 m²3 bedrooms4 bathrooms

3 weeks ago

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 €

£1,331,000

Total area 193 m²Land area: 298 m²3 bedrooms5 bathrooms

2 months ago

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 €

£1,436,000

Total area 141 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 €

£1,089,000

Total area 138 m²2 bedrooms2 bathrooms

Duplex penthouse on the first line from the beach, Playa de las Americas, Tenerife, Spain for 700,000 €

With balcony/terrace

Duplex penthouse on the first line from the beach, Playa de las Americas, Tenerife, Spain

700,000 €

£586,000

Total area 73 m²1 bedroom2 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 €

£833,000

Total area 231 m²4 bedrooms4 bathrooms

Stylish two-bedroom turnkey apartment in Costa Adeje, Tenerife, Spain for 340,000 €

With balcony/terrace

Stylish two-bedroom turnkey apartment in Costa Adeje, Tenerife, Spain

340,000 €

£285,000

Total area 120 m²2 bedrooms1 bathroom

Exclusive furnished apartment with a parking space in Cho, Tenerife, Spain for 249,000 €

With balcony/terrace

Exclusive furnished apartment with a parking space in Cho, Tenerife, Spain

249,000 €

£208,000

Total area 84 m²3 bedrooms2 bathrooms

1 week ago

Three-bedroom new apartment in a prestigious complex near the sea, Playa San Juan, Tenerife, Spain for 1,325,000 €

With balcony/terrace

Three-bedroom new apartment in a prestigious complex near the sea, Playa San Juan, Tenerife, Spain

1,325,000 €

£1,109,000

Total area 167 m²3 bedrooms3 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 €

£2,093,000

Total area 239 m²4 bedrooms4 bathrooms

Three-storey villa with a swimming pool, a lush garden and beautiful views in Costa Adeje, Spain for 5,200,000 €

With swimming pool

Three-storey villa with a swimming pool, a lush garden and beautiful views in Costa Adeje, Spain

5,200,000 €

£4,354,000

Total area 320 m²Land area: 538 m²4 bedrooms4 bathrooms

Exquisite designer villa with a pool, a garden and a garage in La Caleta, Tenerife, Spain for 4,500,000 €

With swimming pool

Exquisite designer villa with a pool, a garden and a garage in La Caleta, Tenerife, Spain

4,500,000 €

£3,768,000

Total area 554 m²Land area: 860 m²6 bedrooms7 bathrooms

Furnished villa with a pool and panoramic sea views in Acantilado de los Gigantes, Tenerife, Spain for 1,250,000 €

With swimming pool

Furnished villa with a pool and panoramic sea views in Acantilado de los Gigantes, Tenerife, Spain

1,250,000 €

£1,047,000

Total area 196 m²3 bedrooms2 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.
13 May 2024
Tranio client's experience: apartment on the French Riviera and obtaining a residence permit for financially...
France is a country known for its quality of life, economic strength, progressive social welfare, developed infrastructure, high environmental standards and care for historical heritage. A residence permit in France allows...
06 February 2024
Tranio’s client experience: mountain chalet in the Alps for vacation and good rental income
Resort property in the French Alps is a prospective investment, both from the point of view of getting income in high season, and getting a "second home" for vacations in a sunny, comfortable Alpine climate. Alpine...

What they say about Tranio

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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.

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Tranio’s client cases