Ranking of Fuerteventura’s most profitable municipalities to invest in housing through sale and purchase.
Investing in a property in Fuerteventura is a profitable option. This becomes clear after checking how the price of housing has evolved in each of the municipalities of the island during the last 5 years.
Despite the ravages of Covid-19, the price of real estate in Las Palmas has increased by 13% on average according to the latest data published by Idealista in relation to the average value per square meter. However, buying a house in Fuerteventura does not cost the same in all its municipalities as the price per square meter has experienced a different evolution in each of them.
Ranking of the most profitable municipalities of Fuerteventura
Next we will focus on Fuerteventura to check which are the most profitable municipalities of Fuerteventura to buy and sell housing according to what the properties on the island cost 5 years ago and what they cost today. Which are the most profitable municipalities in Fuerteventura?
|Location||Price m2 sale March 2019 (€/m2)||Price m2 sale March 2022 (€/m2)||5-year net return|
|Province Las Palmas||1.877||2.127||13%|
|Puerto del Rosario||1.269||1.296||2%|
Table prepared by Destiny Home based on data published by Idealista.
As you can see in the table we have prepared, Betancuria does not have information on the value and profitability of its real estate. This is because Idealista, the portal chosen for our analysis, does not have information published for this municipality.
Profitability in La Oliva
La Oliva is the most profitable municipality of Fuerteventura to buy and sell housing. Thus, if 5 years ago a property in this region could be sold for an average of 2,101 euros per square meter, today this figure has risen to 2,702 euros, which represents a gross profitability of 29%.
La Oliva is one of the island’s seaside and tourist towns par excellence. To this small municipality of just over 25,000 inhabitants in the north of Fuerteventura, German, English, Italian tourists land… something that makes the purchase of real estate by this population group is very common.
According to the latest data published by the National Institute of Statistics as of August 2022, there are 3,260 tourist homes in La Oliva, which represents almost 29% of the total number of homes registered in this region.
Profitability in Antigua
Antigua is the second most profitable municipality of Fuerteventura to invest in housing thinking in the purchase for a later sale. Specifically, buying a property in Antigua to proceed with a subsequent sale brings gross returns close to 24% as shown in our ranking of the most profitable municipalities in Fuerteventura.
Thus, if 5 years ago buying a property in Antigua cost 1,753 euros per square meter, now this figure has risen to 2,181 euros.
Buying a property in Antigua to sell it only a few years later becomes an alternative that offers much higher returns than those offered by any other investment product. In addition, the profitability of this investment can be even higher if, before proceeding with the sale, the property is made profitable for a few years by renting it out, whether it is a tourist or long-term rental.
Profitability in Tuineje
In the podium of the most profitable municipalities of Fuerteventura to buy and sell housing we also find Tuineje. In this town, investing in housing through sale and purchase brings gross yields close to 16% .
One of the most interesting aspects of investing in housing in Tuineje is that the price of real estate is not so high as it can be in La Oliva or Antigua, which means that the initial outlay required is not as large and people with very different purchasing power can have access to investments in this area. Buying a house in Tuineje today costs 1,732 euros per square meter on average, compared to 1,493 euros five years ago.
Profitability in Pájara
Pájara has an area of 380km2, which is 23% of the total area of the island. In addition, Pájara is the municipality with more km of coastline in FuerteventuraThe 72 km of coastline makes this place a paradise where you can enjoy not only its beaches of unparalleled beauty, but also its wide range of water sports such as scuba diving, windsurfing and kiteboarding.
Taking into account its gross profitability, investing in housing in Pájara is a profitable option that provides yields close to 11%. If buying a home in 2019 cost on average 1,940 euros according to data provided by Idealista, today this figure has risen to 2,146 euros.
Profitability in Puerto del Rosario
Puerto del Rosario is at the bottom of our ranking of Fuerteventura’s most profitable municipalities. Even so, homes in this town have appreciated by 2% over the last 5 years.
One of the main benefits of investing in housing in Puerto del Rosario through the sale and purchase, is the slightly lower price compared to the rest of the municipalities of the island. Thus, it is possible to invest in Puerto del Rosario for about 77,760 euros, which allows you to acquire a property of about 60m2.
Investing safely in Fuerteventura
*As you have seen through our analysis, investing in Fuerteventura is a profitable option regardless of the area in which we do it. However, depending on the exact location and characteristics of the property, this operation can be much more or less advantageous.
To maximize your profitability potential in Fuerteventura, our recommendation is that you always go to real estate professionals in the area. They will advise you on the type of property you should look for, in which area you should look for it and they will put into practice the best sales techniques so that once you decide to put the property on the market, the profit you can get for it will be the maximum allowed by the market.
If you want to invest in housing in Fuerteventura, do not hesitate to make an appointment with Destiny Home so we can advise you.