Where do rich people live in Tenerife?

Situated in the northern part of the island, this town is known for its well-preserved colonial architecture and well-keptgardens. Wealthy residents are settled in La Orotava for its historical mansions, many of which offer stunning views of the peak Teide and the surrounding rich countryside.

What is the poshest part of Tenerife?

These exclusive regions offer the perfect blend of tranquillity and high-end amenities. Is there a posh part of Tenerife? Yes, Costa Adeje is considered the posh part of Tenerife, featuring luxury hotels, exclusive villas, designer shops, and gourmet restaurants.

Where do the wealthy live in Tenerife?

Costa Adeje: Luxury Living with High Returns

Costa Adeje remains the crown jewel of Tenerife's real estate market. Known for its upscale properties, stunning views, and high rental potential, this area is a favourite among affluent buyers and investors.

What is the richest town in Tenerife?

Drawing from the authoritative statistics provided by ISTAC, the title of the richest municipality in the province of Santa Cruz de Tenerife, as measured by the average gross income per inhabitant, rightfully belongs to El Rosario in Tenerife, where residents enjoy an average income of 17,459 euros.

What is the most expensive area in Tenerife?

Living in Tenerife - Pros and Cons

What is the poshest part of the Canary Islands?

Maspalomas & Meloneras: Gran Canaria's Luxury Heart

Maspalomas and Meloneras are synonymous with luxury in Gran Canaria, offering exclusive homes, golf course properties, and upscale resorts. Buyers seeking high-end properties will find no shortage of options in these areas.

Which area of Tenerife is best to live in?

Every area has its own personality. If you want nightlife and beach access, look into Playa de las Américas or Los Cristianos. If you prefer peace and Canarian culture, consider Puerto de la Cruz or Los Gigantes. For luxury and exclusivity, Costa Adeje or La Caleta may suit you better.

Where do billionaires live in Spain?

La Zagaleta, Málaga, Spain

Spain's most expensive street as of 2024 is located in La Zagaleta, a luxury residential estate in the province of Málaga. The enclave is situated on a prestigious stretch of the Costa del Sol, just under 14 miles (22km) from Marbella, the glamorous playground of the rich and famous.

Who owns most of Tenerife?

Whilst owned by Spain and under Spanish rule, the Canary Islands are made up of 2 autonomous communities, namely 'Santa Cruz de Tenerife' and 'Las Palmas de Gran Canaria'. Each island is governed by a 'Cabildo' (Council).

What is the downside of living in Tenerife?

Climate Extremes

Although Tenerife has a pleasant climate year-round, there can be extreme weather conditions, such as strong winds or sandstorms (kalima) bringing sand from Africa. These climatic phenomena can make life uncomfortable, especially for allergy sufferers.

Where do the very rich live?

Hurun Research Institute. In 2025, Hurun Research Institute listed New York City with the most billionaires at 129 people, followed by London with 97 billionaires, and Shanghai in third place with 92 billionaires.

What is the prettiest town in Tenerife?

Is it worth buying a house in Tenerife?

It is a very good place to buy property whether it be for investment purposes, a second home or even your primary residence in the sun. Otherwise known as the land of eternal spring due to the fantastic weather which very rarely drops below 20º C in the winter months.

Where to avoid in Tenerife?

What is the most upmarket place in Tenerife?

For a luxury experience in Tenerife, consider basing yourself in the vibrant areas like Costa Adeje or Playa de Las Americas. Costa Adeje is renowned for upscale accommodations, spectacular beachfront hotels, and proximity to shopping centers such as Plaza del Duque.

Where do celebrities stay in the Canary Islands?

Where do celebrities stay in Gran Canaria? Celebrities visiting Gran Canaria often stay in luxury resorts in Maspalomas or Meloneras, such as the exclusive Lopesan Baobab Resort or Seaside Grand Hotel Residencia. These areas offer privacy, upscale amenities, and stunning beaches.

Where is the most expensive place to live in Tenerife?

Rent in Adeje, the most expensive area, averages €19.8 per m². This means an 80m² apartment there could cost around €1,584 per month. If you head north to Los Realejos, the cheapest spot on the island for renting, the average is €10.6 per m², which would make a similar-sized flat closer to €848 per month.

Which is the prettiest part of Tenerife?

Where do expats live in Tenerife?

Playa de las Américas

It's a hub for younger expats or anyone who enjoys a vibrant social scene. With stunning beaches, a wide range of restaurants, and loads of entertainment options, including clubs and live music, it's always buzzing with energy.

What is the richest neighborhood in Tenerife?

Ifara: The Epicentre of Wealth and Exclusivity

At the pinnacle of this wealth spectrum is the neighbourhood of Ifara, situated in the Centro-Ifara district.

Are the Canary Islands rich or poor?

The Canary Islands is the second poorest region of Spain.

What is the least popular Canary Island?

In the shadow of La Palma, Tenerife, Gran Canaria, Lanzarote and Fuerteventura lie three lesser-known Canary Islands: La Gomera, El Hierro and La Graciosa. Small, sparsely populated and even more isolated, they are the Three Graces of the Spanish archipelago.

Can I live in Tenerife as an UK citizen?

If you are moving to the Canary islands from another EU or EEA country, you won't need a visa to enter the islands. If you are staying permanently, you'll need to obtain a residence permit and an NIE card which will be issued by the immigration service and is needed to file taxes, open a bank account, etc.

How long can I stay in Tenerife if I own a property?

90 days. If you own a property in Spain, you can stay up to 90 days, which is the time allowed for tourists in the country. In case you wish to stay longer than that, you will have to apply for a regular residence permit.

What are the pitfalls of buying property in Tenerife?

Critical Considerations When Buying Property in Tenerife

A common mistake is not considering all the costs associated with the purchase, over and above the sale price. This includes transfer taxes, notary fees, and registration costs, which can add up to a considerable amount.