SOURCE and PHOTOGRAPHY: The Voice of Lanzarote and Centro de Datos
The increase in the cost of credit due to the successive increases in rates by the European Central Bank in the last year, has caused the increase in prices to moderate in recent months, although it continues to rise in all the municipalities of Lanzarote.
The most expensive square meter on the island is in the municipality of Yaiza , where it costs an average of 3,210 euros. At the beginning of the year it cost 2,974 euros, according to the Lanzarote Data Center according to statistics from the Idealista.com real estate portal.
The second most expensive municipality to purchase a home on the island is Tías . There, the square meter costs an average of 2,795 euros , although compared to January it has hardly changed , 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 either . Currently, the square meter costs an average of 2,255 euros. In January it was worth 2,231 euros.
In July , Haría surpassed the barrier of 2,000 euros per square meter for the first time. Specifically, it costs an average of 2,024 euros , when in January it was sold at 1,876 euros.
For its part, the square meter in San Bartolomé once again exceeds 2,000 euros, which has not happened since February, and stands at 2,014 euros. Despite this, it is the only municipality where apartments cost less than at the beginning of the year , when the metro was sold for 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 announcements to offer a reasonable calculation. At the beginning of the year, the square meter cost 1,705 euros on average in Tinajo .