How is the home buyer and real estate investor in Fuerteventura?
We share data from a study on home buyers in Fuerteventura, elaborated on the analysis of 424 real estate transactions, registered by Destiny Home real estate agency in Fuerteventura.
The information can be consulted in the Fuerteventura Real Estate Market Report
which gathers data from official sources (Fomento, Registrars, INE, ISTAC) and real estate portals (Idealista).
The profile of the home buyer in Fuerteventura has been elaborated with the study of these 6 features:
Age range of buyers
Nearly 2 out of every 3 buyers are people in the 40-60 age range.
Buyers between the ages of 30 and 40 account for 20.9% and those over 60 account for 11%.
Younger buyers, up to the age of 30, account for 6.6% of the total.
Nationality of homebuyers in Fuerteventura
In 2022, 52% of real estate transactions in the Canary Islands were carried out by foreign buyers, according to data from the National Statistics Institute (INE).
In Fuerteventura, this percentage rises to 70.8%. Only 29.2% of buyers are Spanish.
The high percentage of Italian buyers (35.6%) stands out, followed by German, English and French buyers.
Among the other nationalities, there are also buyers from Poland, Austria, Belgium and the Czech Republic. China, Slovenia, the Netherlands, Ireland, Luxembourg, Romania, Switzerland and the United States.
Destination of the purchased home
What is the purpose of buying a house in Fuerteventura?
According to the Destiny Home study, 4 out of 10 correspond to real estate investments.
Purchases for the habitual residence on the island amounted to 38% and those for second homes to 22.5%.
Types of properties
Among the residential properties purchased in Fuerteventura, apartments and flats stand out, accounting for 58% of the purchases.
Houses, chalets and villas are the types that account for 27% of purchases.
Other typologies with less weight in total purchases are duplexes, townhouses and bungalows.
Property purchase prices in Fuerteventura
13% of home purchases in Fuerteventura were priced between 100,000 and 150,000 euros.
The ranges are very disparate, depending on the typology, characteristics and location of the properties in the municipalities of Fuerteventura.
A 21% corresponds to purchase prices below 100,000 euros and 5% are homes priced above 500,000 euros.
Buyers’ need for financing
Of the homebuyers in Fuerteventura, only 29% needed financing for the purchase of the property.
The rest had their own funds to manage the purchase of their home.
In short, the profile of the home buyer in Fuerteventura describes foreigners, mainly Italians, between 40 and 50 years old, looking to invest in apartments or flats of 100,000 to 150,000 euros, who do not need financing via mortgage loans.
Remember that you can get the full Destiny Home report:
Esta información está disponible en / Post available in: Español (Spanish)