Real estate investment in Fuerteventura: Municipalities by profitability

Real estate investment in Fuerteventura: Municipalities by profitability

Tax incentives and bonuses (REF economic and fiscal regime, special Canary Islands ZEC zone), the high quality of life and the sustained increase in real estate prices make Las Palmas and, in particular, Fuerteventura, the most profitable areas to invest in real estate in the Canary Islands.

Increase of residents and owners in Fuerteventura

The trend of increased real estate investment in Fuerteventura, we note with the increase in resident population on the island.

Fuerteventura has almost doubled in population in the last 20 years. In 2000, there were 60,124 people living on Fuerteventura. Currently, the island is home to more than 120,000 resident inhabitants, according to data from the Canary Islands Institute of Statistics (ISTAC).

Puerto del Rosario increased the most in absolute terms with 1,371 persons, 3.5% more than the previous year, with 40,753 residents.

Pájara and La Oliva grew at a lower rate, 2.7%. La Oliva has 26. 580 residents, and 21,093 people live in Pájara. As for Antigua, it reaches 12,461 residents, below the 5,241 residents in Tuineje.

Volume of real estate transactions in Fuerteventura

Endless white sandy beaches, plenty of wind and turquoise sea are the trademarks of the popular vacation destination of Fuerteventura. Fuerteventura, the second largest island of the Canary Islands (1,660 km2), is characterized by its immense beaches, with 150 kilometers, much more than any other Canary Island.

It is a paradise for beach lovers, sun worshippers and enthusiasts of water sports such as windsurfing and kitesurfing. The real estate market is stable, with prices rising in the north, around Corralejo.

There is a wide range in home prices, from €140,000 to €420,000 for two-bedroom homes in the resorts. Houses and villas range from 300,000 to 3,000,000 euros in Fuerteventura.

Average prices per square meter range from 1,270 euros/m2 in Puerto del Rosario to 2,900 euros/m2 in Lajares, although it depends on the density of the properties and the characteristics in each area.

The most profitable areas to invest in Fuerteventura

Which are the most profitable municipalities in Fuerteventura to buy and sell a property?

We take into account the price of real estate 5 years ago and what it costs today.

The ranking of Fuerteventura’s most profitable municipalities:

Location Price m2 sale March 2019 (€/m2) Price m2 sale March 2022 (€/m2) 5-year yield
La Oliva 2.101 2.702 29%
Antigua 1.753 2.181 24%
Tuineje 1.493 1.732 16%
Province Las Palmas 1.877 2.127 13%
Pájara 1.940 2.146 11%
Puerto del Rosario 1.269 1.296 2%

Table prepared by Destiny Home, with data published by the real estate portal Idealista.

We advise you to invest in real estate in Fuertevetura

Real estate profitability in La Oliva

La Oliva is the most profitable municipality of Fuerteventura to buy and sell housing. Among its urban centers, highlights the tourist town of Corralejo. 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 return 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.

Homes for sale in Corralejo (La Oliva)

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.

View homes for sale in La Oliva and Corralejo


Real estate profitability in La Antigua

If you want to invest to sell, Antigua is the second most profitable area of Fuerteventura to invest in housing. Buying a property in Antigua brings gross yields close to 24%: 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.

The profitability of this investment can be even higher if, before the sale, the property is made profitable for a few years by renting it out, either as a tourist or long-term rental.

View homes for sale in Antigua

Real estate profitability in Tuineje

In Tuineje, investing in housing by buying and selling brings gross yields close to 16% .

The price of real estate is lower than those of La Oliva or Antigua, so people with very different purchasing power have access to invest in this area. Buying a house in Tuineje 1.732€/m2 on average, compared to 1.493€/m2 5 years ago.

View homes for sale in Tuineje


Real estate profitability in Pájara

Pájara has an area of 380 km2, which is 23% of the total area of the island. It is the municipality with the largest coastal area in Fuerteventura(72 km).

According to its gross profitability, investing in housing in Pájara is a profitable option that brings returns close to 11%. If buying a home in 2019 cost on average 1,940 €, according to data provided by Idealista, in 2023 this figure has risen to 2,146 euros.

View homes for sale in Pájara

Real estate profitability in Puerto del Rosario

Homes in Puerto del Rosario have increased in value 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.

View homes for sale in Puerto del Rosario

How to invest in real estate in Fuerteventura

Investing in Fuerteventura is profitable regardless of the area in which you invest.

But depending on the exact location and characteristics of the property, the investment may have different returns.

To optimize the profitability of your investment in Fuerteventura, we offer you the advice of agents specialized in the real estate market of the island.

Depending on the type of housing desired, they will analyze price trends, supply and demand, urban prospects, tourism expectations, among other factors.

Both to enjoy the purchased property for your own use, as well as to make it profitable with vacation rentals, the profitability options are the highest in the Canary Islands.

If you want to invest in a property in Fuerteventura, please consult with a Destiny Home agent:

Consulting with Destiny Home Real Estate

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