Housing

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.

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.