Unique Investment Opportunity in La Laguna
The Social Security Treasury (Tesorería General de la Seguridad Social) has put a property in San Cristóbal de La Laguna up for auction, presenting a unique opportunity for investors in Tenerife. This is a flat situated in a quiet residential zone in one of the island’s best places to live, making this bid an especially attractive and profitable option. The property will be available to bidders on the date set by the Social Security agency.
Property Details and Features
The dwelling has an energy efficiency rating of C and a built surface area of 76.34 m². It is located on the first floor of a building on Erjos street, on the corner with Granadilla street, in the Las Nieves urbanisation—one of the most well-established residential areas in La Laguna. The property includes a private laundry room on the rooftop terrace. The flat being auctioned is free of any encumbrances, meaning the winner will not have to assume any existing debt.
According to information from the Social Security Treasury, the property is valued at €163,650 and comes with an adjoining rooftop terrace.
How the Social Security Auction Works
The sale is being conducted through the Social Security’s auction system, a public, in-person procedure in which any citizen can participate, provided they meet the requirements set by the agency, such as providing a deposit and identification documents. In this type of process, the property is awarded to the highest bidder provided they exceed the minimum conditions set by the administration.
Auctions of seized assets are procedures that allow the administration to recover outstanding debts through the sale of debtors’ properties. These assets can include real estate, vehicles, machinery, or other assets that have been seized as payment guarantees.
Auction Date and Prime Location
The auction will be held on 10 February 2026 at 10:00 am, at Avenida José Manuel Guimerá, 8, Santa Cruz de Tenerife, the headquarters of the Social Security Treasury.
The flat is situated in San Cristóbal de La Laguna in a strategic location close to services, educational centres, and connections with other municipalities. This is one of its biggest attractions, as it is just a few minutes’ drive from the centre of the capital city and Tenerife North Airport. It also has excellent access to the historic centre of San Cristóbal de La Laguna itself.
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