Sorello Guides

What rents in Arrecife actually are

A flat in Arrecife rents at a reference of 7,10 €/m², the middle of the Spanish range and the level at which old and new contracts diverge most. 3.944 declared leases sit behind it: enough to inform, small enough that one street can sit outside the range. It is 19,9 % above the reference of five years earlier.

Rents declared on income-tax returns for main-residence leases, not asking prices. They lag the market and exclude holiday lets.

Put beside its neighbours

Ranked against its neighbours in Las Palmas, it holds the second highest share of main homes that are rented of the group.

Taking every municipality covered here together, the number of declared leases is in the band just inside the top fifth.

Ranked against its neighbours in Las Palmas, it holds the lowest share of dwellings that are not a main residence of the group.

Against every municipality in this guide, its population lands in the top quarter.

Measured against its neighbours

Judged only against Las Palmas, the median floor area of a let flat here is the eighth lowest in the guide.

Measured against the whole batch, that five-year change in the reference rent sits in the band just above the bottom quarter.

Among the Las Palmas towns and cities covered here, it records the fifth lowest median declared monthly rent.

On a national view, its upper-quartile rent per square metre falls into the upper middle of the range.

How it ranks

Take Las Palmas alone: among the municipalities here, its lower-quartile rent per square metre is the sixth lowest.

Taking every municipality covered here together, the reference rent per square metre is in the upper middle of the range.

What a given flat should cost

The median flat in Arrecife measures 75 m², an ordinary Spanish size.

It is 19,9 % above the reference of five years earlier.

What the reference implies for a flat of a given size, per month
Floor areaAt the lower quartileAt the medianAt the upper quartile
55 m²309 €391 €489 €
75 m²422 €533 €667 €
100 m²562 €710 €889 €

The floor areas are round illustrative sizes used to show the arithmetic, not measurements of any particular flat.

Renting is the norm here

Only 10,43 % of Arrecife dwellings are not a main home, so almost nothing is competing with long leases.

At 26,05 % of main homes rented, Arrecife has a rental sector deep enough to have its own sub-markets.

The reference figures

3.944 declared leases sit behind it: enough to inform, small enough that one street can sit outside the range.

5,62 €/m² to 8,89 €/m² covers the middle half of declared leases in Arrecife — ordinary dispersion.

Declared rents for flats: rent per square metre a month, unless stated
MeasureValue
Lower quartile5,62 €/m²
Median7,10 €/m²
Upper quartile8,89 €/m²
Median monthly rent500,00 €
Median floor area75 m²

Related guides

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