Is the cost of living in Fuerteventura expensive?

Is the cost of living in Fuerteventura expensive?

The cost of living in Fuerteventura reveals interesting facets, it is lower than the rest of Spain. Especially if we are talking about the real estate market. The island offers diverse options for renting and buying, adapting to different budgets.

The average rent is around 700 euros per month, providing opportunities for those looking for a property in Fuerteventura. And the average purchase price is close to 3,000 €/m2 in Corralejo. On the other hand, the municipality with the lowest average price is Puerto del Rosario, which registers a price of 1,381 €/m2.

Cost of Living in Fuerteventura

The cost of living in Fuerteventura is relatively low compared to other areas of Spain or Europe. However, there are differences between the north and south of the island. In general, the south is more expensive than the north.

Fuerteventura is a very affordable place to live. Prices are lower compared to other tourist destinations. The food prices are also very reasonable, so you won’t have to worry about spending too much money. In addition, there are many job offers, so you will have no problem finding a job.

In addition, essential services such as electricity and water contribute to the monthly expense, although this increase is partially offset by the VAT exemption and the application of IGIC, a lower local tax. This fiscal peculiarity adds an interesting nuance to the analysis of the cost of living in Fuerteventura, creating an ideal scenario for moving to the island.

Fuerteventura Real Estate Market

Fuerteventura, the second largest island of the Canary Islands with its 1,660 km², is distinguished by its endless white sandy beaches, constant wind and turquoise blue waters, creating a popular and appreciated holiday destination. Its landscape is characterized by sparse vegetation and a moderate population of approximately 122,600 inhabitants.

With an astonishing 150 kilometers of beaches, Fuerteventura surpasses all other Canary Islands in this aspect, becoming a paradise for sun, beach and water sports lovers such as surfing, windsurfing and kitesurfing.

On the real estate front, the property market in Fuerteventura remains stable, with rising prices in the north, in the vicinity of Corralejo. The supply of apartments is varied, with price ranges from 140,000 to 420,000 euros for two-bedroom units in tourist complexes. Houses and villas, on the other hand, have a wider range, ranging from 300,000 to 3 million euros.

Luxury home in Corralejo

Prices per square meter vary according to the locality, from 1,300 euros/m2 in Puerto del Rosario to 3,000 euros/m2 in the north of the island.

Housing in Puerto del Rosario

After analyzing the different aspects of life in Fuerteventura, whether you are looking for a change of pace, to develop a career or simply enjoy retirement, Fuerteventura is positioned as an attractive option that fuses natural beauty with a lifestyle that is cheaper than the rest of Spain. If you wish to buy a property on the island, do not hesitate to contact us.

Dossier real estate services in Fuerteventura

Esta información está disponible en / Post available in: Español (Spanish)

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