What is it like to live in Los Realejos, Tenerife?

Los Realejos is a neighbourhood in Tenerife, Spain. It has a walkability score of N/A/10 and a safety score of N/A/10. It is considered an established local neighbourhood.

What would monthly mortgage payments be on this Tenerife property?

At 80% LTV (20% deposit of €137,000), a repayment mortgage at 3.5% over 25 years on this €685,000 property would cost approximately €2,743/month. Rates vary by lender and applicant profile.

What are the total buying costs for this property in Tenerife, Spain?

The total acquisition cost for this €685,000 property is approximately €743,225, including 8.5% ITP transfer tax, notary fees, land registry and legal costs. Budget approximately 8.5–10% above the asking price for purchase costs in Andalucía.

What is the price per square metre for this property in Los Realejos?

This property is priced at €1,612/m² for 425m².

How does the cost of living in Tenerife compare to London?

Tenerife is significantly more affordable than London. A couple can expect to save 40–60% on monthly living costs compared to London, with lower food, transport, utilities and leisure costs. Property purchase prices are typically 50–70% lower than equivalent London properties. Source: RelocateIQ cost intelligence, May 2026.

What is the Beckham Law tax saving for remote workers buying in Tenerife?

Under Spain's Beckham Law (Ley Beckham), qualifying remote workers pay a flat 24% income tax rate on Spanish-source income up to €600,000, compared to a standard effective rate of approximately 35%. On a salary of €80,000, this represents an annual saving of approximately €8,800. The regime applies for up to 6 years. Professional tax advice is recommended to confirm eligibility.