Every villa scored on realistic, after-tax net yield from live Airbnb calendars — Tenerife, Gran Canaria, Lanzarote & Fuerteventura, Europe’s year-round winter-sun market.
The Canaries’ flagship market — Costa Adeje to Los Cristianos, booked all year.
Maspalomas, Puerto Rico, Mogán — a compact, winter-proof resort economy.
Puerto del Carmen and Playa Blanca — volcanic-island resort demand, capped supply.
Corralejo’s dunes and surf — the value entry into Canary year-round demand.
Ranked by BrixfoxScore — real, after-tax net yield from live Airbnb data, not asking-price guesswork.









Register rows per municipality against the villas we list there. A licence on the register is a licence at a location on the day the register was read — not a statement about any villa for sale, and not a transfer.
| Municipality | Licences on register | Pinned | Villas for sale | Licences per villa |
|---|---|---|---|---|
| Adeje · Tenerife | 5,945 | 2,115 | 738 | 8.1 |
| Arona · Tenerife | 6,797 | 2,439 | 330 | 20.6 |
| San Bartolomé de Tirajana · Gran Canaria | 4,712 | 2,163 | 284 | 16.6 |
| Las Palmas de Gran Canaria · Gran Canaria | 4,812 | 2,989 | 270 | 17.8 |
| La Oliva · Fuerteventura | 5,199 | 2,124 | 253 | 20.5 |
| Yaiza · Lanzarote | 3,081 | 1,669 | 232 | 13.3 |
| Guía de Isora · Tenerife | — | — | 149 | — |
| Antigua · Fuerteventura | 1,570 | 786 | 129 | 12.2 |
| Teguise · Lanzarote | 2,182 | 1,204 | 126 | 17.3 |
| Santiago del Teide · Tenerife | 1,567 | 703 | 102 | 15.4 |
| Mogán · Gran Canaria | 3,089 | 1,591 | 95 | 32.5 |
| Tías · Lanzarote | 2,929 | 1,784 | 47 | 62.3 |
| Pájara · Fuerteventura | 1,673 | 805 | 44 | 38.0 |
| Macher · Lanzarote | — | — | 39 | — |
Sources: Canary Islands register, last read 28 Sept 2026. “Pinned” counts register rows with a usable coordinate — what the per-villa match can check within 50 m of an exact pin. A dash means the catalogue files that place as a municipality while the register files it under another; the villas are still counted. Whether any licence transfers with a sale is a question for a Spanish lawyer.
Licensing is the single biggest factor in Spanish STR underwriting — it determines whether projected income is achievable at all.
Law 6/2025 (in force 13 December 2025) froze new VV licences for five years while municipalities set zoning quotas, and bars new holiday lets in designated tourist zones. Existing licences are grandfathered under transitional rules.
Existing VV registrations can generally keep operating; long-term security comes from the "consolidated tourist use" declaration, which requires the owner to hold the licence and at least one year of continuous holiday letting before the law took effect.
Target properties with an existing VV licence and verify it survives the transfer with a local lawyer — the 5-year freeze makes licensed stock structurally scarce (and defensible).
Since 1 July 2025 every short-term rental in Spain must hold a national registration number (NRA) from the Registro Único (Royal Decree 1312/2024). Platforms like Airbnb must delist properties without one within 48 hours. The NRA sits on top of each region’s own licence regime — you need both.
Regulation overview only, current as of June 2026 — not legal advice. Verify with a local lawyer before purchase.
Year-round demand. Winter-sun tourism from the UK, Germany and the Nordics keeps occupancy meaningful in every month, unlike the Mediterranean’s summer-only curve. RevPAR stability is the core of the investment case.
Law 6/2025 (in force December 2025) stopped new VV licences for five years while municipalities set quotas, and barred new holiday lets in designated tourist zones. Properties with existing licences continue under transitional rules — so licensed stock is now capped.
Tenerife South is the deepest market in our data; Gran Canaria (Maspalomas/Puerto Rico) and Lanzarote (Puerto del Carmen) are comparable resort economies; Fuerteventura trades lower entry prices for a surf-and-dunes demand profile.