The price of housing in Costa Teguise grows twice as fast as the average of its municipality

The price of a 100-meter house in Costa Teguise is already 45,000 euros above the average price recorded in its municipality

July 24 2024 (17:42 WEST)
Updated in July 24 2024 (20:52 WEST)
Costa Teguise. Photo: José Luis Carrasco.
Costa Teguise. Photo: José Luis Carrasco.

If a 100 square meter house costs on average 238,100 euros in the municipality of Teguise, in the town of Costa Teguise it reaches 283,500 euros, that is, 45,400 euros more, according to the real estate portal idealista.com.

In addition, the prices of the municipality of Teguise as a whole have increased by 6.5% in the last twelve months while the specific prices of Costa Teguise increased by 13.7%.

A year ago the same 100-meter apartment cost an average of 223,500 in the municipality, while the average price in the town of Costa Teguise was 249,300 euros. Therefore, the difference was 25,800 euros, that is, almost 20,000 euros less than now.

A trend that has increased in the last quarter in which the prices of Costa Teguise have increased by 10.8%, while the average of the Teguise municipality was located at 4.6%.

In addition to offering the average data of the municipality in general and Costa Teguise in particular, idealista.com also offers data from Tahíche (the real estate portal only offers averages when it has a sufficient number of properties).

In Tahíche a 100 square meter house costs on average 192,700 euros, 10.2% more than it cost a year ago and 3% more than it marked three months ago.

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