Last updated on June 21st, 2023
best places to Airbnb in Fuerteventura
Key Takeaways
• With a strong tourist market, good living conditions, and low cost of living, rental properties in Fuerteventura offer the possibility of generating a nice passive income.
• Learn about the reasons why Fuerteventura can be considered a profitable investment market for property investors.
• Find out the top rental markets in Fuerteventura – we also feature their recommended property type and Airbnb data.
Introduction
If we make a list of destinations that can be considered a little piece of paradise, then we can’t avoid mentioning the Canary Islands. The Canaries is home to exotic islands composed of dramatic natural habitats and a fascinating historical legacy. Among the islands, we can find Fuerteventura, a declared biosphere reserve by UNESCO.
Fuerteventura can be described as a land with a dazzling allure, capable of making anyone fall in love with its surroundings. The island is home to a variety of places of interest that feature something for everyone!
Did Fuerteventura rental market by any chance catch your attention? It’s understandable considering the island offers a good level of profitability, but first things first: some important factors should be taken into account! Thus, researching the most lucrative towns to invest in Fuerteventura is an essential step. And we are here to contribute our grain of sand!
In this article, you’ll find the best places to Airbnb in Fuerteventura as well as their respective Airbnb dataset. We also feature some of the top reasons why you should consider investing in a rental property on this island. Did we catch your attention? Then continue reading to learn more!
Reasons to Invest in Fuerteventura real estate
Owning investment properties in Spain, particularly around Fuerteventura, not only offers promising experiences to hosts but also a nice source of income. Yet, you must be wanting to know what kind of advantages can Fuerteventura’s towns offer to real estate investors.
Check out some of the reasons why buying a property to rent out in Fuerteventura can turn into a profitable business:
Amazing living conditions
If you want to experience a laidback lifestyle amidst alluring natural landscapes and pleasant weather conditions, then Fuerteventura is indeed an island made for you! With efficient infrastructure and a good transport system, it’s quite easy to travel across the island and even visit other destinations.
Fuerteventura is a fascinating place where you can explore almost every corner of the island freely while breathing tranquility and feeling at ease thanks to its low crime rates. Additionally, the island offers a stable labor market, especially in the tourism sector.
Low cost of living
In addition to providing a good quality of life to its residents, Fuerteventura also offers a low cost of living! Prices for daily expenses, leisure activities, and even real estate are quite affordable. As a matter of fact, a house or an apartment in Fuerteventura is fairly cheaper compared to other real estate markets in the Canary Islands.
Considering that you will have the advantage of doing a low upfront investment, investing in Fuerteventura can be deemed as a great opportunity, especially if you have a tight budget. For instance, the average housing price in Caleta de Fueste is €116K and €195K for properties in Corralejo. Hence, you can easily find a cheap property in Fuerteventura!
Bonus: The Canary Islands offers one of the lowest tax rates in Europe, with only 7% of the added value of the product.
Discover this majestic island!
It’s a given fact that Fuerteventura is a small piece of paradise in the Atlantic Ocean that provides plenty of lively adventures to visitors. Its municipalities are home to diverse treasures of natural beauty, from striking coves and beaches to charming towns with a fascinating cultural heritage.
Fuerteventura is an island with an important historic and cultural legacy, which can be discovered through a variety of meaningful monuments and interesting museums.
On the other hand, the island is also widely known as a land of volcanoes with beaches and arid environments that encompass a broad range of breathtaking landscapes. In fact, Fuerteventura is the perfect destination for outdoor lovers who want to engage in unique experiences such as going sightseeing or practicing windsurfing.
One of the best places for Airbnb listings in the Canary Islands
Fuerteventura not only offers exciting adventures but also promises investors an attractive investment journey by helping them to secure a nice passive income. According to our previous blog, Fuerteventura holds the 2nd spot for Airbnb property investments in the Canary Islands with an average occupancy rate of 78%!
Is Airbnb Profitable in Fuerteventura?
You may be wondering whether it is a good idea to invest in a property in Fuerteventura with the purpose of renting it, right? Then you will like to know that investment properties in Fuerteventura can certainly help you to achieve financial freedom. Yet, you should know that the profitability that a listing can generate also depends on certain factors such as the property type and location.
Based on Airbtics’ analytics tool, an Airbnb host can expect an average annual revenue of €31,940 and a median occupancy rate of 67% for operating a 3-bedroom property in Fuerteventura.
Best Towns in Fuerteventura for Real Estate Investment
While there is a variety of Airbnb host expenses that should be considered, the most crucial part is to choose the right location to set your listing as well as the best property size.
Moreover, it must be noted that Fuerteventura comprises 6 municipalities that are further subdivided into a variety of unique towns and localities. Thus, looking for the appropriate location to buy a property in Fuerteventura can become a challenge – but we want to lend you a hand!
Check out the best areas in Fuerteventura that are recommended for investment properties:
1. La Oliva Town
- Total Number of Airbnb Listings: 151
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €350,000
- Airbnb Annual revenue: €42,205
- Gross rental yield: 12.06%
2. Caleta de Fuste
- Total Number of Airbnb Listings: 376
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €225,000
- Airbnb Annual revenue: €36,771
- Gross rental yield: 16.34%
3. Corralejo
- Total Number of Airbnb Listings: 1,047
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €269,000
- Airbnb Annual revenue: €34,509
- Gross rental yield: 12.83%
4. Lajares
- Total Number of Airbnb Listings: 396
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €175,000
- Airbnb Annual revenue: €25,936
- Gross rental yield: 14.82%
5. El Cotillo
- Total Number of Airbnb Listings: 278
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €237,000
- Airbnb Annual revenue: €25,521
- Gross rental yield: 10.77%
6. Costa Calma
- Total Number of Airbnb Listings: 335
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €172,000
- Airbnb Annual revenue: €25,391
- Gross rental yield: 14,76%
7. Morro Jable
- Total Number of Airbnb Listings: 152
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €200,000
- Airbnb Annual revenue: €25,358
- Gross rental yield: 12.68%
8. Puerto del Rosario
- Total Number of Airbnb Listings: 131
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €126,000
- Airbnb Annual revenue: €21,882
- Gross rental yield: 17.36%
Conclusion
Buying investment properties in Fuerteventura to list them on platforms like Airbnb is certainly an ingenious way to create a good rental income. With plenty of charming and lively towns with attractive rental markets that offer promising benefits to real estate investors.
However, we recommend analyzing all options carefully to not miss out on better opportunities. For this reason, you should give it a try and use the best analytics tool available in the market so that you can embark on a rewarding journey.
Getting to know the best places to Airbnb in Fuerteventura is just the first rung on this ladder. Aim your expectations higher to experience the most exciting investment voyage while making the best data-based strategies by using Airbtics’ Airbnb estimator!
Explore The Most Profitable Airbnb Locations in Fuerteventura
