Only 2% of apartments for sale in Lanzarote cost what half of buyers are looking for

Four out of ten homes available on the island cost more than 500,000 euros.

June 9 2025 (11:34 WEST)
Updated in June 9 2025 (12:47 WEST)
Homes by the sea on the coast of Punta Mujeres, in Lanzarote. Photo: Andrea Domínguez.
Homes by the sea on the coast of Punta Mujeres, in Lanzarote. Photo: Andrea Domínguez.

47.6% of people who are interested in buying an apartment in Lanzarote, Fuerteventura and Gran Canaria are looking for homes below 120,000 euros, which on the island are 23 and only represent 2% of the 1,074 properties for sale on idealista.com

Next, those looking for an apartment between 120,00 and 210,000 represent 21.3% of buyers. On the island there are 153 properties available in that price range in the aforementioned real estate portal, which is equivalent to 14.2% of the market.

Those who want a home between 210,000 and 300,000 euros are 13.8% of potential buyers. In that range there are 209 homes for sale in Lanzarote, equivalent to 19% of the apartments advertised

Those looking for a home between 300,000 and 480,000 are 10.3% and can currently choose from 208 properties, 19.3% of apartments available

Between 480,000 and one million euros there are a total of 367 houses available in Lanzarote, 34.1% of the total. Buyers in this price range are 4.9%. 

With a price higher than one million euros, 125 homes are advertised in Lanzarote, 11.6% of the island market and its potential buyers represent 2.1% of the demand.

 

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