Lanzarote island Property Prices, Rents & Rental Yields

About Lanzarote island

Lanzarote, one of Spain’s most distinctive islands, pairs volcanic scenery with year-round coastal appeal and a compact market shaped by limited land, strong tourist recognition, and a clear island identity. For apartment investors, it is a place where location and price momentum often matter more than size alone.

September 2026 brings the clearest signal: prices are still climbing, while rental growth has eased. The average apartment sale price stands at €255,000, after a monthly increase of 4.1% and a yearly rise of 10.9%. At the same time, the average rent price is €1,250, down 3.8% month on month and 2.0% year on year.

That gap matters because it keeps the income picture from keeping pace with capital values. The average price per m2 is now €3,270, also up 4.1% over the month and 8.0% over the year, reinforcing the upward pressure on entry costs. The result is a market note defined by momentum in sale prices, but with rental pricing moving in the opposite direction. For apartments, the 6.51% yield still offers a measurable return, yet the latest figures suggest that tighter investment economics are becoming harder to ignore.