3 new residential projects in Arrecife

Housing price dynamics in Arrecife

According to Idealista, the average asking price for housing in Arrecife in July 2026 is 2 506 €/m². This measure covers the whole residential market, including resale homes.

Over the last 12 months, the price per square metre changed by +17.7%; over five years, by +78.0%. The average annual rate over this period is +12.2%.

Housing in Arrecife is currently -19.9% less expensive on average than in Las Palmas, where the price is 3 130 €/m².

If the average rate of the last five years is maintained, the estimated price per square metre in Arrecife will be about 2 812 €/m² in one year and 3 156 €/m² in two years. That is a change of +12.2% and +25.9% from today’s level.