The price of housing increased in Lanzarote in all municipalities in July

The price of housing increased in Lanzarote in all municipalities in July

August 15 2023 (11:14 WEST)
Updated in August 15 2023 (11:14 WEST)
Houses in Yaiza. Photo: José Luis Carrasco.
Houses in Yaiza. Photo: José Luis Carrasco.

The increased cost of credit due to successive interest rate hikes by the European Central Bank in the last year has meant that the increase in prices has moderated in recent months, although it continues to rise in all municipalities of Lanzarote.

The most expensive square meter on the island is in the municipality of Yaiza, where it costs on average 3,210 euros. At the beginning of the year it cost 2,974 euros, according to the Data Center of Lanzarote according to the statistics of the real estate portal Idealista.com.

The second most expensive municipality to acquire a home on the island is Tías. There, the square meter costs on average 2,795 euros, although compared to January it has hardly undergone any changes, then it cost 2,766 euros.

Teguise is the third most expensive municipality on the island, although its prices have not experienced major changes since the beginning of 2023. Currently, the square meter costs on average 2,255 euros. In January it was worth 2,231 euros.

In July, Haría has surpassed the barrier of 2,000 euros per square meter for the first time. Specifically, it costs on average 2,024 euros, when in January it was sold at 1,876 euros.

For its part, the square meter in San Bartolomé again exceeds 2,000 euros, which had not happened since February, and is located at 2,014 euros. Despite this, it is the only municipality where apartments cost less than at the beginning of the year, when the meter was sold at 2,138 euros.

Since May, when the square meter was at 1,846 euros in Tinajo, Idealista has not published data for this municipality as there are not enough ads to offer a reasonable calculation. At the beginning of the year, the square meter cost on average in Tinajo 1,705 euros.

 

 

 

 

 

 

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