Rental yield in Santa Lucía de Tirajana
What the official data says about buying a flat to let in Santa Lucía de Tirajana (Canarias): price, rent, yield and taxes. Then work out your own case.
Median rent rose 5.6% from 2023 to 2024. These are cautious figures: the official rent is the median of all contracts declared in 2024, including older, cheaper ones, and the price is from Q2 2026. Asking rents in today's listings are usually higher: enter your flat in the calculator.
An example flat in Santa Lucía de Tirajana
A 80 m² flat at the average price (€141,000), let at the median rent (€540 a month), with a 80% mortgage at 2.9%:
Negative cash flow, IRR ≥ 6%- You put in
- €53,615
- Net monthly cash flow
- -€149
- Return on equity
- -3.3%
- Gross yield
- 4.37%
With the purchase taxes of Canarias, annual costs and income tax. Change the price and rent to those of your flat.
Taxes when buying and letting in Canarias
- Resale: transfer tax (ITP) of 6.5% on the price.
- New build: IGIC of 7% and stamp duty (AJD) of 0.75%.
- Rent: the net income (rent minus costs, interest and depreciation) is taxed under income tax (IRPF). If the flat is the tenant's main home, it is reduced by 50%, and by up to 90% for some contracts in stressed areas.
The calculator applies all of this to your figures.
Transfer tax in Canarias, band by band, with a buying-costs calculator
Find profitable flats in Santa Lucía de Tirajana
With the yield map you draw an area of Santa Lucía de Tirajana and see the flats for sale with their estimated rent and yield, best first.
Frequently asked questions
More cities in the province of Las Palmas
- Las Palmas de Gran Canaria
- Agüimes
- Arrecife
- Arucas
- Ingenio
- La Oliva
- Puerto del Rosario
- San Bartolomé de Tirajana
- Telde
How much does a flat cost in Santa Lucía de Tirajana?
The average appraised value of private housing in Santa Lucía de Tirajana is €1,761/m² (Q2 2026, Ministry of Housing). A 80 m² flat would cost about €141,000.
How much is the rent in Santa Lucía de Tirajana?
The median rent of flats declared in 2024 was €6.77/m² a month: about €540 a month for a 80 m² flat (SERPAVI, Ministry of Housing).
What yield does letting a flat in Santa Lucía de Tirajana give?
With those medians, the indicative gross yield is 4.6%. The net yield, after costs, mortgage and taxes, depends on each flat: work it out with the ROInmuebles calculator.
What taxes do you pay when buying a home in Santa Lucía de Tirajana?
In Canarias, resale homes pay transfer tax (ITP) of 6.5%. New builds pay IGIC 7% and stamp duty (AJD) of 0.75%.
Sources
Price: Spanish Ministry of Housing and Urban Agenda, appraised housing value statistics (average appraised value of private housing, Q2 2026; 212 appraisals in Santa Lucía de Tirajana). mivau.gob.es
Rent: Spanish Ministry of Housing and Urban Agenda, State Rental Price Reference System (SERPAVI), from 2024 income tax returns (3,963 flats let in Santa Lucía de Tirajana). SERPAVI
Indicative estimate based on official data. Not financial or tax advice.