Where is it cheaper to buy a house in the Canary Islands? We analyze the price of housing to check which is the cheapest municipality in Fuerteventura to buy a house.
The price of housing in the Canary Islands has risen more than 52% in the last 5 years according to the Idealista Price Index. With this evolution, the task of buying an affordable house in the Canary Islands becomes more complicated, especially for those who have to make ends meet. Within the two Canary Islands provinces, Las Palmas is the one with the most attractive price, with the price per square meter standing at 2,591 euros.
To help all those looking for a cheap house in the Canary Islands, in this article we will focus on the price of housing in Fuerteventura, island where Destiny Home offers its services in the sale and purchase of homes, to tell you what is the cheapest municipality in Fuerteventura to buy a house.
We remind you that if you want to buy a property on the island and you need financing, Destiny Home will find the best mortgage for you by analyzing the offers of the financial institutions that best fit your profile and needs.
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Where is it cheaper to live in Fuerteventura?
If you are thinking of buying a house in Fuerteventura, one of the most frequently asked questions is: Which is the cheapest municipality on the island? Below, we analyze the average price per square meter in each municipality for a house of 75 m2 based on data provided by Idealista and Fotocasa as of October 2024. In addition, we explore the characteristics of each municipality and its main attractions to help you make the best buying decision.
Living in Puerto del Rosario
According to the Idealista Price Index, Puerto del Rosario is the cheapest municipality of Fuerteventura to buy a house. In this municipality, you can buy a property for 1,665 euros per square meter, which implies an outlay of 124,875 euros for a house of 75 m2.
Buying a 75m2 house in Puerto del Rosario costs 124,875 euros.
Puerto del Rosario, besides being the cheapest municipality to buy a house in Fuerteventura, is also the most populated of the island. Its wide range and high availability contribute to have the cheapest prices on the island. In addition, Puerto del Rosario is the capital of Fuerteventura, so in this area you can find an active urban life, direct connection to other islands and proximity to essential services such as shopping centers, health centers…
Living in Tuineje
Tuineje is a municipality in the south of Fuerteventura that includes towns like Gran Tarajal, known for its fishing port and urban beach. According to the Idealista Price Index, Tuineje is one of the cheapest municipalities to buy a house in Fuerteventura, specifically, the second cheapest municipality on the island.
In Tuineje it is possible to buy a 75m2 house for 142.200 euros, an excellent option for families and people looking for tranquility. Its beaches, cultural events and an active local community make Tuineje an interesting option for those looking for quality of life at a good price.
Living in Betancuria
Betancuria is the smallest and least populated municipality of the island, but it has an incomparable historical charm as it was the first capital of the Canary Islands.
Despite the limited real estate offer, Betancuria is an economical option to buy housing compared to other more touristic municipalities of the island. Specifically, buying a house of 75 m2 in Betancuria costs on average 175,050 euros according to data from Fotocasa (as the available supply is so limited, Idealista does not offer data on this area).
Its traditional architecture, cobblestone streets and mountainous landscapes make Betancuria an attractive place for those seeking authenticity.
Living in Antigua
Located in the center of the island, Antigua combines tranquility with a touch of tourist activity in places like Caleta de Fuste, where you will find beaches, golf courses and a cosmopolitan atmosphere. Antigua’s old town stands out for its cultural heritage.
According to the Idealista Price Index, buying a house in Antigua in October 2024 cost on average 187,275 euros for a 75m2 property, a price slightly below the average price in Las Palmas at 194,325 euros. In Antigua we can find a mix of rural and urban properties, something that makes Antigua has a balanced market, with moderate prices.
Living in Pájara
Pájara is the largest municipality of Fuerteventura by extension and is home to famous tourist areas such as Morro Jable and Costa Calma. Just in this area is where we recently helped a retired couple who no longer resided on the island to sell their property. We told you all about it in this success story.
In Pájara, the price per square meter is at 2,570 euros, so buying a 75m2 house costs 192,750 euros. Strong tourist demand drives prices, although it is still possible to find affordable options in less busy areas.
In Pájara we find beaches of international renown, the Natural Park of Jandía and a wide range of outdoor activities.
Living in La Oliva
La Oliva is the most expensive municipality of Fuerteventura to buy a house. Specifically, in this area the price per square meter according to the Idealist Price Index stands at 3,164 euros, which implies that a house of 75m2 amounts to 237,300 euros.
In La Oliva are located Corralejo and El Cotillo, two towns that attract tourists and investors for its beaches and leisure offer, making this area the most popular for buyers of holiday homes and investment. Corralejo’s dunes, white sand beaches and lively nightlife make it an exclusive destination.
Conclusion
With an average price of 1,665 €/m², Puerto del Rosario is positioned as the cheapest municipality to buy a house in Fuerteventura, closely followed by Tuineje. However, each municipality has its own charm and particularities that can influence your buying decision.
If you are looking for personalized advice to find the perfect property in Fuerteventura, do not hesitate to contact us, our team will be happy to help you make the best decision!
Questions and Answers: Housing Price Types
The offered price is the value that is published in the sales ads on real estate portals and reflects the seller’s initial expectations. This price usually includes a negotiable margin and does not always coincide with the final sale value, as negotiations usually adjust this value.
The deeded price is the official value recorded in the deeds at the time of the sale. This amount is usually lower than the offered price due to the negotiation between buyer and seller and reflects the real value for which the transaction is closed.
The appraised price is a technical valuation performed by a professional, based on factors such as the location, state of conservation and physical characteristics of the property. This value is fundamental for financial institutions when granting a mortgage.
The market price is an estimate of the value of the property based on the analysis of the context and the supply and demand of the local market. Destiny Home offers an online valuator adapted to the reality of the Fuerteventura market, which helps to estimate this price quickly and free of charge.
