The 15th century village with the cheapest houses in the Canary Islands

Nestled in the heart of the Canary Islands lies a charming village where time seems to stand still, and traditions continue to shape daily life. With its cobbled streets, intricately carved wooden balconies, and a deep-rooted sense of history, this picturesque location offers authenticity and beauty at remarkably affordable prices.

Boasting one of the lowest property prices per square metre in the region, this village has become an increasingly attractive option for those seeking a peaceful yet scenic place to call home, as according to data from Idealista, the average price is €1,172 per square metre.

Located in the province of Las Palmas de Gran Canaria, the municipality has a population of 12,799 residents (as of 2024), and combines rich history with a high quality of life at a cost that surprises many.

A Village with Colonial Essence

The municipality of Teror, just 20 kilometres from the capital, is renowned for its breathtaking historic centre, considered one of the most beautiful in the Canary Islands.

Its traditional houses, many of which date back centuries, feature exquisite wooden balconies that reflect the area’s colonial influence and artisanal heritage. Wandering through its streets, visitors can admire well-preserved historic buildings, charming squares, and hidden corners that echo the village’s storied past.

The Heart of Canarian Devotion

Beyond its architectural charm, Teror is deeply rooted in religious tradition.

At the heart of the village stands its basilica, a major pilgrimage site and a symbol of local identity. The devotion inspired by its most revered figure has made Teror a spiritual landmark, drawing thousands of visitors each year for its renowned festivals and religious celebrations.

A Journey Through History

Teror is home to numerous landmarks that transport visitors back in time, including:

• The Yellow Tower – A Gothic-inspired structure that has become an emblem of the town.
• The Old Episcopal Palace – A magnificent 18th-century architectural gem, meticulously restored to preserve its original splendour.
• Plaza del Pino – The heart of local gatherings and the centre of annual festivities.
• Calle Real – The main street of the historic centre, lined with some of the most traditional shops on the island.
• The Famous Wooden Balconies – A symbol of Teror’s identity, often adorned during celebrations and religious processions.

Teror: A Village with Soul

More than just one of the most picturesque villages in Gran Canaria, Teror is also one of the most affordable places to buy a home in a historic and vibrant setting.

With an economy driven by agriculture, craftsmanship, and commerce, the village offers an exceptional quality of life at a fraction of the cost found in other parts of the island. Coupled with its rich history, deep-rooted traditions, and lively cultural scene, Teror is an ideal place to visit—or even settle down permanently.