The average price per square meter to purchase a home in Arrecife closed in March at 1,862 euros, according to the price index of the real estate portal Fotocasa.
This is an increase of 6.6% in the last quarter and 16.6% in the last twelve months, so the average cost of properties for sale in the capital of Lanzarote is about to reach 200,000 euros, specifically it is at 194,628 euros.
Depending on the size, the most demanded apartments are studios or one-bedroom apartments. In this case, the square meter is located at 2,426 euros.
The apartments with the cheapest square meter (1,791 euros) are those with two bedrooms. With three, they rise to 1,918 euros per square meter, while when they exceed three bedrooms it is slightly reduced to 1,854 euros.
Depending on its characteristics, having an elevator is the service that most increases the price. The apartments with elevator in Arrecife raise their square meter to 2,497 euros.
Secondly, those that have parking included. In this case, the square meter reaches 2,253 euros.
Including a terrace in the house raises the average price to 2,220 euros, while the fact that it is furnished raises the average price per square meter to 2,005 euros.
