The island of Fuerteventura has a natural attraction that makes today’s tourists become future owners. In addition to subjective factors, there are others that motivate interest in investing in real estate, such as high profitability, above other areas of Spain.
We substantiate, with statistical data and emotional aspects, the factors why investing in real estate in Fuerteventura is a profitable decision.
Data justifying real estate investment in Fuerteventura
According to data from the National Institute of Statistics (INE) and the College of Registrars, on the trend of home buying and selling in Fuerteventura, we draw these conclusions::
Steady increase in the number of sales and acquisitions
According to INE data, the number of home sales in Fuerteventura has experienced a steady increase in recent years.
In the fourth quarter of 2022, a total of 1,397 home sales and purchases were registered in Fuerteventura, representing an increase of 9.6% compared to the same period of the previous year.
The Canary Islands was the Spanish region with the highest growth in home sales and purchases in 2002, with an increase of 31.6%.
Increase in average housing prices
The average price of housing in Fuerteventura has also shown an upward trend. According to the Association of Registrars, in the fourth quarter of 2022, the average price of housing in Fuerteventura was 1,452 euros per square meter, representing an increase of 7.6% compared to the same period of the previous year.
Strong demand for second-hand housing
According to the Association of Registrars, in the fourth quarter of 2022, 82.4% of home sales and purchases on the island corresponded to used homes.
This indicates that there is a high demand for second hand properties in Fuerteventura, which can be an opportunity for real estate investors.
Increase in the sale and purchase of homes to foreigners
Fuerteventura is an attractive destination for foreign buyers, which has boosted the sale and purchase of homes to this market segment.
According to the Association of Registrars, in the fourth quarter of 2022, 27.6% of home sales and purchases in Fuerteventura were made by foreign buyers. This demonstrates the interest of international investors in the island’s real estate market.
Among the nationalities with the greatest investment weight in the Canary Islands, we highlight Germany (18.91%), Italy (16.54) and the United Kingdom (12.76%):
Stability in the real estate market
Despite the economic and social challenges in recent years, the real estate market in Fuerteventura has maintained a stable trend.
According to INE data, the sale and purchase of homes on the island has experienced a steady recovery since the financial crisis of 2008, demonstrating its resilience and stability in the long term.
Vacation rental profitability
Fuerteventura is a popular tourist destination, which offers opportunities to generate income through vacation rentals. Among the nationalities with the greatest investment weight in the Canary Islands, we highlight Germany (18.91%), Italy (16.54) and the United Kingdom (12.76%):
This indicates that vacation rentals can offer a good return for real estate investors looking to generate additional income.
In summary, statistical data from the INE and the Association of Registrars indicate a positive trend in the real estate market.
According to the leading company of Real Estate Personal Shoppers in Spain,“buying a property in the Canary Islands is very profitable, not only because of the tourist rental boom, but also because of long-term rentals and foreign investment“.
Video: Plots with project and license for sale in Tindaya – Fuerteventura
We expose 6 good reasons to consider buying a property in Fuerteventura as a real estate investment.
6 reasons to invest in property in Fuerteventura
El teletrabajo ha supuesto un cambio en los hábitos de vida de muchos profesionales que, pudiendo ejercer su actividad en un entorno como el de Canarias, han decidido asentarse en las islas de forma permanente, adquiriendo una propiedad, frente a otras fórmulas como el alquiler o el coliving.
Las personas con rango de edad superior, que se plantean comprar vivienda en Fuerteventura, como un lugar de descanso para su jubilación, lo hacen pensando en una vivienda de disfrute vacacional, pero que también les sirva como una inversión rentable y segura, si son asesorados por una inmobiliaria especializada en Fuerteventura.
Veamos los principales factores para pensar en Fuerteventura como destino de inversión inmobiliaria:
Value enhancement potential
Fuerteventura is one of the most popular islands, with high demand for real estate, which implies an increase in property prices. Owners can achieve sustained high appreciation over the long term. This increase in property values is supported by growing demand.
Fuerteventura maintains a high quality of its beaches, which is an added value for any property in the area.
The average price of homes in Fuerteventura is lower than in areas such as Gran Canaria, Tenerife or Lanzarote. As the second largest island of the archipelago, the price of land for development is lower than on other islands.
In the most sought-after areas, which have good communications, it is possible to make the investment profitable. The international tourist values very much to have an airport in Fuerteventura.
Tourism in constant growth
Fuerteventura is known for its white sandy beaches and crystal clear waters, making it a popular tourist destination.
Tourism in Fuerteventura has experienced a steady growth in recent years, which means that there is a constant demand for holiday rentals and long term rental properties in Fuerteventura. in Fuerteventura.
It is a great opportunity for owners to achieve high returns on property rentals.
Home purchases by foreign investors accounted for 28.6% of all transactions in the Canary Islands in 2022.
Real estate investors in Fuerteventura can benefit from tax advantages:
- the deduction of expenses related to the property, such as mortgage interest, taxes and maintenance expenses. These tax benefits can reduce the overall cost of owning a property in Fuerteventura and improve the return on investment.
- tax rebates for the purchase of some imported products, between 10% and 30% cheaper than in the rest of Spain.
- The transfer tax in the Canary Islands is 6.5%, one of the lowest in Spain.
Political and economic stability
Stability provides a secure and reliable environment for investing in real estate.
In addition, the real estate market in Fuerteventura has shown resilience during previous economic crises, demonstrating its ability to maintain its value over the long term.
Fuerteventura is an island with a warm climate all year round and a great quality of life.
It is an attractive place for those looking for a second home or a place to retire, which increases the demand for real estate on the island.
In addition, Fuerteventura offers a wide range of outdoor activities, such as water sports, hiking and golf, making it an attractive destination for tourists and residents.
Investment portfolio diversification
Buying a property in Fuerteventura can be a way to diversify your investment portfolio.
Real estate is a different asset class than stocks or bonds, which can provide additional protection against market volatility.
By owning a property in Fuerteventura, you can have a diversified investment in a different geographical location and in a real estate market with unique characteristics.
We advise you on real estate investment in Fuerteventura.
The real estate agency Destiny Home Fuerteventura with offices in Corralejo (La Oliva) and Puerto del Rosario, specializes in advising owners in Fuerteventura, to achieve the highest performance of their homes, with a secure management.
We know before anyone else the real estate opportunities in the main areas of Fuerteventura:
- La Oliva: Villaverde, Tindaya, Corralejo, El Cotillo, Lajares y La Caldereta.
- Puerto del Rosario: Tetir (old municipality), Casillas del Angel, Los Molinos, Los Estancos, Puerto Lajas, Tefía and El Matorral (where we find the airport).
- Antigua: Caleta de Fuste, Las Salinas, Casillas de Morales, Agua de Bueyes, Pozo Negro or Valles de Ortega.
- Tuineje: Gran Tarajal, Tiscamanita, Tarajalejo.
- Inland Pájara, Costa Calma, Sotavento, La Lajita, La Pared, and Morro Jable.
Ask us for information on what property to buy in Fuerteventura and/or how to make the most of your investment in Fuerteventura properties: