Avenida de la Macaronesia, in the Tenerife municipality of Adeje, is the most expensive street in the Canary Islands for buying a home, with an average asking price of €5.95 million per property. The figure comes from a report by the property portal Idealista, which analyses the most exclusive residential addresses in Spain based on the prices set by owners for homes currently on the market.
The ranking places this street in southern Tenerife at the top of the Canary Islands’ luxury property market. It also confirms the strong position of Adeje as one of the most sought-after areas in the archipelago for high-end residential property.
According to Idealista’s analysis, Avenida de la Macaronesia is not only the most expensive street in the Canary Islands, but also one of the most exclusive addresses in Spain.
Spain’s most expensive residential streets
At national level, the highest average asking price is found in Camino del Salinar, in the municipality of Andratx, Mallorca. Homes on this street have an average asking price of €15 million. It is followed by Paseo de los Lagos, in the La Finca residential development in Pozuelo de Alarcón, Madrid, where the average asking price stands at €11 million.
In third place is the Coto Zagaleta residential development in Benahavís, Málaga, with an average value of €10.5 million. These locations reflect the concentration of Spain’s highest-end property market in areas such as the Balearic Islands, Madrid and Andalusia, which occupy the leading positions in the national ranking. However, the Canary Islands also appear prominently on the map of luxury housing thanks to Avenida de la Macaronesia.
Adeje among Spain’s most exclusive areas
With an average asking price of €5.95 million, Avenida de la Macaronesia ranks alongside some of the most expensive residential streets in Barcelona, including Calle del Tibidabo, where the average asking price is €5.98 million.
The Adeje street also appears ahead of exclusive residential areas in other regions such as the Valencian Community and the Basque Country.
Its position in the ranking highlights the weight of southern Tenerife in the Canary Islands’ luxury housing market, especially in areas linked to high purchasing power, international demand and exclusive residential developments.
Eight regions exceed one million euros
According to Idealista, eight autonomous communities in Spain have at least one street where the average asking price for a home exceeds one million euros.
The Balearic Islands, Madrid and Andalusia lead the national ranking and occupy the top positions. They are followed by five other regions where the most expensive streets also surpass the one-million-euro mark.
Catalonia reaches an average asking price of €5.98 million on its most expensive street, while the Canary Islands stand just below, with €5.95 million.
The Valencian Community follows with €4.2 million, while Galicia records €1.98 million and the Basque Country €1.79 million.
This places the Canary Islands among the regions with the most expensive high-end residential streets in Spain, despite the archipelago’s smaller territorial size compared with other communities.
The most affordable regions at the other end of the ranking
At the opposite end of the scale, Castile-La Mancha is the autonomous community with the lowest average price on its most expensive street.
There, the average asking price on the region’s most exclusive street stands at €335,000, according to Idealista. It is followed by Extremadura, with €475,000, and Asturias, with €490,000.
The contrast between these figures and the prices recorded in places such as Mallorca, Madrid, Málaga and Tenerife shows the major differences within Spain’s residential market, particularly between the ordinary housing market and the country’s most exclusive property enclaves.
In the Canary Islands, Avenida de la Macaronesia now represents the highest point of that luxury market, with homes listed at an average of almost €6 million.
