We update the price data and trend of real estate sales and purchases in Fuerteventura, with the latest records of the College of Registrars, Fomento, ISTAC, Idealista real estate portal and own data of transactions in which the real estate Destiny Home has been involved.
Las Palmas had an average housing price of 2,172 €/m² at the end of 2024, with a quarterly variation of -5.4% (decrease), while new housing in the province stood at 2,043 €/m² (-0.9%) and used housing at 2,219 €/m² (-6.4%).
Foreign demand represented 19.71% of total sales and purchases in Las Palmas, making it one of the provinces with the highest proportion of foreign purchases.
The monthly mortgage payment in the Canary Islands represented 36.5% of the salary cost, making it one of the regions with the greatest payment effort.
Housing prices in Fuerteventura
Analyzing the offer prices, with data from Idealista in the municipalities of Fuerteventura, double digit growth is observed in all, except Corralejo, for being an area with higher prices in the previous series.
By municipalities of the island, prices have been increasing every year.
With regard to the number of home sales and purchases registered annually, whose source is the Association of Registrars (with annual and quarterly data on the average prices of registered homes), in the Canary Islands it fell by 1.2% annually. In the province of Las Palmas, the quarterly variation was also negative, at -0.6%.
The average price of homes sold in the Canary Islands at the end of 2024 was €2,327. In the case of the province of Las Palmas, it was €2,172/m2.
If you need data on real estate transactions in Fuerteventura, you can consult our real estate consultants.
You can also ask for a real estate valuation of your property in Fuerteventura and get the Fuerteventura Real Estate Market Reportwhich gathers a sample of the real estate transactions managed by Destiny Home Real Estate, with 500 sales and purchases analyzed in the municipalities of Fuerteventura.
Volume of home sales and purchases in Fuerteventura
Evaluating the number of real estate transactions in the province of Las Palmas, there was a slight decrease, explained by a lower available supply of properties for sale in the real estate market.
Data are from Fomento and those for the first quarter of 2025 are projections, with no official data.
The quarterly evolution of home sales and purchases marks a continued decline from the values prior to 2023 (first quarter of 2022). The municipality of La Oliva, with Corralejo as the main town, leads the sales in the island:
Nationality of homebuyers in Spain
Foreign demand represented 19.71% of total sales and purchases in Las Palmas, making it one of the provinces with the highest proportion of foreign purchases.
The provinces with the highest proportion of home purchases by foreigners during the fourth quarter were Alicante (45.67%), Illes Balears (32.81%), Malaga (32.35%), Santa Cruz de Tenerife (30.66%), Girona (28.86%), Murcia (22.84%), Almeria (20.06%) and Las Palmas (19.71%).”
Profile of the home buyer in Fuerteventura
From the real estate transactions managed by Destiny Home agency, we analyze data on buyers:
Most of the buyers are Spanish, reaching 34.7%.
Very close behind are Italian buyers, who account for 32.2%.
Of the remaining nationalities, the following stand out: 3.6% Germans, 3.3% French, 4.3% British.
The main group of buyers is between 30 and 60 years of age, accounting for 82.9% of total purchases.
Between 40 and 50 years of age, 33.2%
Between 50 and 60 years of age, 26.8%
Between 30 and 40 years of age, 22.9%.
Destination of the purchase; the main reasons for purchase are:
2nd Residence: 21.9%
Investment: 39.1%
Usual Residence: 38.2%
Need for financing
62.4% have not needed financing for the purchase;
only the remaining 37.6% have had to ask for financing.
Appraised value of free housing in Las Palmas
The Canary Islands Institute of Statistics offers data on the value of homes in the province of Las Palmas, together with the evolution, by quarters, of the last few years.
The average appraised value per square meter of free housing at the end of 2024 is 1858 €, an increase of 7% compared to the beginning of 2023.
Accommodations available in Fuerteventura
In Fuerteventura, there are 60,000 tourist accommodation places; we show the evolution of the last year:
Fuerteventura Homebuyer Prototype
This is a Spanish or Italian person, between 40 and 50 years old, who is looking for a home as a first residence or investment, with no need for financing.
You can get all the data and graphs in this article, along with specific data on prices of homes sold in Fuerteventura, by municipality (own survey):
Download the Fuerteventura Real Estate Market Report
