Housing prices in the municipality of Arrecife

Property prices trend in Arrecife

The following charts show price trends over time for all types of residential property in Arrecife, both for sale and for rent.

In December 2024 the average price asked for residential properties for sale was € 1,918 per square meter, with an increase of 26.02% compared to December 2023 (1,522 €/m²). Over the past 2 years, the average price in Arrecife municipality reached its peak in December 2024, with a value of € 1,918 per square meter. The month with the lowest asking price was April 2023: for a property for sale, the average price asked was € 1,446 per square meter.

In December 2024 the average price asked for residential rental properties was € 14.23 per month per square meter, with an increase of 30.55% compared to December 2023 (€ 10.90 monthly per square meter). Over the past 2 years, the average price in Arrecife municipality reached its peak in December 2024, with a value of € 14.23 per square meter. The month with the lowest asking price was July 2023: for a rental property, the average price asked was € 10.23 per month per square meter.

Prices per square meter of the zones in Arrecife

During December 2024, the asking price for properties for sale in Arrecife was highest in the Centro area, with € 2,021 per square meter. The lowest price, instead, was in the Valterra-Altavista area, with an average of € 1,652 per square meter.
During the same month, the asking price for rental properties in Arrecife was highest in the Centro area, with € 12.81 per month per square meter. The lowest price, instead, was in the San Francisco Javier-Argana Baja area, with an average of € 4.76 per month per square meter.

The following charts show information about the real estate property of the municipality of Arrecife and a summary of the demographic and socio-economic aspects that characterize its resident population, consisting of 64,645 inhabitants.