The average home in Arrecife measures 96 m2, is 24 years old and has a value of 117,335 euros. However, 542,342 euros is the value of the most expensive apartment in the municipality, located on Avenida Fred Olsen, which has an area of 373 m2 and is 15 years old, according to the real estate portal Precioviviendas.com-
This website has made a valuation of the 23,083 homes that make up the residential real estate stock of the municipality and states that "the average price in Arrecife is 1,222 ?/m2".
Precioviviendas.com updates the price of all homes in the municipality on a quarterly basis and offers them free of charge to all Arrecife residents in its search engine, individually monitoring each of them through its Value Tracking Service to see their evolution over time, "since each home is a unique element and its price is independent of that of the others".
In this way, the portal can locate the most expensive apartments in Arrecife and thus know that the second most expensive apartment in the municipality is located on Leon y Castillo street, is 32 years old, 305 m2 and has a price of 540,460 euros. The podium is completed by an apartment also located on this road, which has an area of 305 m2, 32 years and a market value of 537,105 euros.
