Can foreigners buy apartments 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 an apartment 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 an apartment in Spain?

Yes. You will want a bank account in Spain once you have bought your apartment in Canary Islands. 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.

320 Apartments for Sale in Canary Islands, Buy Flat from 200,000 €

Show:

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With balcony/terrace

1-bedroom penthouse 60 m² in Golf del Sur

Golf del Sur, Canary Islands, Spain

260,000 €

Total area 60 m² · 1 bedroom · 1 bathroom

With balcony/terrace

3-bedroom penthouse 152 m² in Playa Paraiso

Playa Paraiso, Adeje, Santa Cruz de Tenerife, Canary Islands, Spain

765,000 €

Total area 152 m² · 3 bedrooms · 2 bathrooms

Sea view

2-bedroom apartment in new building 138 m² in Playa Paraiso

Playa Paraiso, Adeje, Santa Cruz de Tenerife, Canary Islands, Spain

533,000 €

Total area 138 m² · 2 bedrooms · 2 bathrooms

Sea view

1-bedroom apartment in new building 115 m² in Playa Paraiso

Playa Paraiso, Adeje, Santa Cruz de Tenerife, Canary Islands, Spain

388,000 €

Total area 115 m² · 1 bedroom · 1 bathroom

With balcony/terrace

Studio apartment 82 m² in La Caleta

La Caleta, Canary Islands, Spain

335,000 €

Total area 82 m² · 1 bathroom · Studio

With balcony/terrace

3-bedroom penthouse 495 m² in Marazul

Marazul, Canary Islands, Spain

999,000 €

Total area 495 m² · 3 bedrooms · 4 bathrooms

Elvira Gracheva

Head of Sales Tranio Europe

Residence Permit in Europe for Living, Travelling, and Capital Freedom

We will find the right programme, property, negotiate favourable terms, and support the transaction

Discuss Options

Sea view

3-bedroom apartment in new building 225 m² in Playa Paraiso

Playa Paraiso, Adeje, Santa Cruz de Tenerife, Canary Islands, Spain

714,000 €

Total area 225 m² · 3 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 186 m² in La Caleta

La Caleta, Canary Islands, Spain

1,095,000 €

Total area 186 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom penthouse 124 m² in Playa Paraiso

Playa Paraiso, Adeje, Santa Cruz de Tenerife, Canary Islands, Spain

656,000 €

Total area 124 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

1-bedroom apartment 98 m² in La Caleta

La Caleta, Canary Islands, Spain

710,000 €

Total area 98 m² · 1 bedroom · 1 bathroom

With balcony/terrace

3-bedroom penthouse 103 m² in Los Realejos

Los Realejos, Canary Islands, Spain

300,000 €

Total area 103 m² · 3 bedrooms · 3 bathrooms

With balcony/terrace

1-bedroom apartment 57 m² in Los Cristianos

Los Cristianos, Santa Cruz de Tenerife, Canary Islands, Spain

310,000 €

Total area 57 m² · 1 bedroom · 1 bathroom

With balcony/terrace

1-bedroom penthouse 192 m² in Costa Adeje

Costa Adeje, Canary Islands, Spain

1,495,000 €

Total area 192 m² · 1 bedroom · 2 bathrooms

With balcony/terrace

4-bedroom apartment 195 m² in Playa San Juan

Playa San Juan, Canary Islands, Spain

1,120,000 €

Total area 195 m² · 4 bedrooms · 3 bathrooms

With balcony/terrace

2-bedroom apartment 138 m² in Santa Cruz de Tenerife

Santa Cruz de Tenerife, Canary Islands, Spain

980,000 €

Total area 138 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

3-bedroom apartment 167 m² in Playa San Juan

Playa San Juan, Canary Islands, Spain

1,060,000 €

Total area 167 m² · 3 bedrooms · 3 bathrooms

With balcony/terrace

2-bedroom penthouse 83 m² in Cho

Cho, Canary Islands, Spain

325,000 €

Total area 83 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 141 m² in Playa San Juan

Playa San Juan, Canary Islands, Spain

890,000 €

Total area 141 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

1-bedroom penthouse 42 m² in Palm-Mar

Palm-Mar, Canary Islands, Spain

435,000 €

Total area 42 m² · 1 bedroom · 1 bathroom

With balcony/terrace

4-bedroom apartment 216 m² in Los Cristianos

Los Cristianos, Santa Cruz de Tenerife, Canary Islands, Spain

750,000 €

Total area 216 m² · 4 bedrooms · 2 bathrooms

With balcony/terrace

3-bedroom apartment 124 m² in Los Cristianos

Los Cristianos, Santa Cruz de Tenerife, Canary Islands, Spain

399,000 €

Total area 124 m² · 3 bedrooms · 2 bathrooms

With balcony/terrace

2-bedroom apartment 196 m² in Costa Adeje

Costa Adeje, Canary Islands, Spain

675,000 €

Total area 196 m² · 2 bedrooms · 2 bathrooms

With balcony/terrace

3-bedroom apartment 104 m² in Playa Paraiso

Playa Paraiso, Adeje, Santa Cruz de Tenerife, Canary Islands, Spain

660,000 €

Total area 104 m² · 3 bedrooms · 2 bathrooms

3-bedroom apartment 184 m² in El Médano for 495,000 €

With balcony/terrace

3 months ago

3-bedroom apartment 184 m² in El Médano

El Médano, Canary Islands, Spain

495,000 €

Total area 184 m² · Land area: 61 m² · 3 bedrooms · 2 bathrooms

With balcony/terrace

1-bedroom apartment 56 m² in Costa Adeje

Costa Adeje, Canary Islands, Spain

299,000 €

Total area 56 m² · 1 bedroom · 1 bathroom

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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.
18 March 2026
Turnkey EU Residence Permit: How a Family Bought an Apartment in Tranio’s Filosofia Project and Received a Greek...
In 2025, a family came to us: a married couple and their adult son. Their goal was to obtain a European residence permit. Initially, they were choosing between Cyprus and Greece. Ultimately, the Greek Golden Visa programme...
29 July 2025
From Old Office to Modern Apartment: Securing Property and a Greek Residence Permit in Five Months under the...
Once again, a Tranio client has chosen Greece Golden Visa programme as the most affordable European residency option through real estate investment. The programme was revised in 2024. Now, the most accessible route is through...

Apartments for sale in Canary Islands