Listing N° E7 · Filed 11 February,
Casa o chalet independiente en Toscal, Santa Cruz de Tenerife, .
6 bed · 1 bath137 m² + 12 m² terraceBuilt 1998Lift · 2nd floor
In this feature
Ch. I
The take
Ch. II
The numbers
Ch. III
The plates
Ch. IV
The location
Nathan's take
The honest note
“Walked it. Notes coming.”
My verdict
Weigh the specifics
Neutral — depends on your priorities. Worth a call.
If you bought it today
Listed at €525,000; fair value €434,770. You'd be paying €90,230 over (+20.8%).
All-in buy cost ≈ €569,625 (price + ITP, notary, registry, my fee).
Super
+7.3% / yr
Break-even at 2 years
10-yr net to seller: €1,020,546 · total return +€450,921 (+79.2%)
5-yr: €717,186 · +25.9%
Tourism + supply tightness continues. Top-quartile of historical years.
Okay
+5.0% / yr
Break-even at 3 years
10-yr net to seller: €817,062 · total return +€247,437 (+43.4%)
5-yr: €641,716 · +12.7%
Long-run Canarias trend. What the median year has looked like.
Moderate
+4.2% / yr
Break-even at 3 years
10-yr net to seller: €761,976 · total return +€192,351 (+33.8%)
5-yr: €619,706 · +8.8%
Soft cycle. ECB tightening or local oversupply. 30th percentile.
Bad
+2.7% / yr
Break-even at 5 years
10-yr net to seller: €656,582 · total return +€86,957 (+15.3%)
5-yr: €575,254 · +1.0%
Recession or tourism shock. Bottom-decile of historical years.
Scenarios anchored on the last 10 years of Canarias INE IPV YoY observations (post-2008-crash regime). Bad = 10th percentile, Moderate = 30th, Okay = median, Super = 75th. Buy-side costs 8.5% (ITP + notary + registry + buyer's-agent fee); sell-side costs 4% (agency + plusvalía).
Market context · Canarias
QIV 2025
Canarias prices 6.8% higher than a year ago — market running hot.
1-year
+6.8%
5-year
+26.4%
vs peak
6%
QIV 2025
Source: INE · Índice de Precios de la Vivienda · 2015 = 100
What I saw on the viewing.
Walked with Andrés, my builder, on the tenth. The building is older than the listing suggests, but looked after — plumbing redone 2018, same administrator since 2015.
Not in the listing: the kitchen extractor isn't to code, and one window frame needs replacing within five years. Together about €2,400.
My read: open at €493k, settle at €498k. Listing's been up nineteen days, nothing comparable on this block has sold below €378k in twelve months. You're not overpaying.
By the numbers
Listed
€525,000
€3,832 / m²
My target
€498,000
5.1% under asking
Community fee
€95 / mo
Bank-audited accounts
Pending derrama
None
Minutes through 2027
The true cost, at my target
Purchase price
€498,000
ITP — 6.5% Canarias
€32,370
Notary
€1,450
Land registry
€680
Gestoría
€600
My fee — 1.5%
€7,470
All-in, done
€540,570
Mortgage, indicative
From
€1,594/ month
via Sabadell · €183,750 deposit · 25y
10 banks · 12m Euribor 2.723% · April 2026 · non-binding
The location
Location coming soon
Where this one sits.
Location, Canarias Tenerife.
Amenity data still being enriched for this listing.
A word from Nathan
Nathan Derkse
Buyer's agent
A note
“If you'd like me to walk this apartment with you — on video, or next week in person — send me a message. Twenty minutes, and we'll know whether it's the one.”
Nathan