Say Hola to Lanzarote Property

There is no shortage of great locations in Spain for anyone thinking about buying a property abroad. But whilst many British residents may dream o starting a new life in the sun many remain unaware that the weather can be poor there during winter, even in the south. However there is one part of Spain where the sun shines all year round – the Canary Islands – which can be found off the coast of North Africa.

There are seven islands in total in the Canaries, with each boasting its own individual flavour and identity. Lanzarote is one of the most popular as a holiday destination – and as a result also attracts a lot of interest from property investors. Not least as Lanzarote property prices have dropped considerably since 2007 and are now estimated to be some 40% below 2007 values.

There are plenty of ways to search for properties on the island. Traditionally many buyers have used the services of estate agents in Lanzarote , with around 100 practitioners to choose from in various locations across the island. Whilst others search the net, using portals such as to find their ideal villa or apartment.

Either way they will find that there is a great deal of variety in the housing stock on Lanzarote with all types of property for sale available. Villas and apartments in the main resorts remain the most popular options for anyone seeking a holiday rental investment. It´s important to note though that this market is subject to strict regulatory controls and you should only buy on a complex with a tourist licence if you plant to rent your property out to holidaymakers. So check this point carefully before proceeding. Buyers should also be aware that they nee to allow around 10% extra on top of the purchase price for various local taxes and fees.

The tourist market on Lanzarote is both reliable and stable, unlike say other options in the Middle East. And as the island is part of Spain it is also very familiar, especially to British tourists who make up the bulk of visitors here, along with German and Irish holidaymakers. All of whom are lured by the islands incredible year round climate, wonderful beaches and varied attractions.

Contrary to popular perceptions Lanzarote has long sic shrugged off the Lanzagrotty tag and is today a cosmopolitan island with residents from all over the world.