This isn’t a small increase…
It’s a proper jump.
The Numbers
In just four years:
- €1,324/m² (2022)
- €2,242/m² (2026)
That’s a 69% rise.
And yes… that’s faster than Santa Cruz.
Renting Isn’t Much Better
Average rent now sits around:
- €941/month
Which, for a place like Tegueste, starts to feel a bit off.
What’s Driving It
Nothing too surprising:
- Growing population
- Close to the metropolitan area
- More demand than supply
Same pattern… different town.
Who Feels It Most
Young people… by a mile.
- Struggling to buy
- Struggling to rent
- Forced to look elsewhere
And usually not finding much better options anyway.
The Pushback
Drago Tegueste is now calling for:
- Urgent local measures
- More access to housing
- Real solutions… not just talk
Worth Knowing
Tegueste used to be one of those quieter, more affordable pockets…
Not anymore.
And once prices shift like this…
They rarely go back the other way.