The prices of housing rentals in Arrecife, after accumulating seven consecutive months of increases, have reached historical maximums, standing on average at 9.6 euros per square meter in November, according to the price report from Idealista.com.
Already in October of this year, the previous maximum reached in October 2019 was matched, when the square meter was rented on average at 8.9 euros per square meter. Therefore, rents have risen in the capital by 7.3% in just one month.
An apartment for rent in Arrecife today costs on average 21.5% more than a year ago. That is, if renting a 70 square meter apartment cost on average 553 euros in November 2021, in November of this year you need 672 euros on average for the same surface.
In the Canary Islands as a whole, the monthly increase in the price of rentals was 1.4% in November, while compared to the same month of last year they have increased by 13.4%. Currently, the rent of the square meter costs on average in the islands, 11.7 euros. In the province of Las Palmas, the average price in November was slightly higher and reached 12.3 euros per square meter.
