Of the seven Canary Islands, Lanzarote is the northeasternmost and only 140 kilometers from the Moroccan coast. The image of the island is characterized by a volcanic natural backdrop - lush green is not to be found here, but an aesthetic shape and color variety from volcanic mountains.
Lanzarote has been developed by tourists, but it has been spared from mass tourism in comparison to Tenerife or Gran Canaria. In addition to small, picturesque villages, four main centers on the island have become established, which are of interest to property owners:
Puerto del Carmen: The oldest and largest tourist resort of Lanzarotes is located on the south coast, with picturesque natural beaches. Numerous bars, restaurants, discos and shops offer a variety of leisure activities. A property can be used as a capital investment here - because of the mild climate it is possible to rent all year.
Playa Blanca: Thanks to its beautiful beaches and bays, it is becoming increasingly popular with tourists on the southern tip of the island. This makes it also interesting to acquire a property as an investment. Due to the excellent infrastructure, Playa Blanca is also recommended as a permanent residence.
Costa Teguise: North-east of the capital, Arrecife, Costa Teguise has been established as a luxury resort since the 1970s. The architecture is characterized by the Canary architect and environmentalist César Manrique. Since 1990, there has been a relatively small number of tourists, as in the turbulent Puerto del Carmen. Nevertheless, real estate can still be found in a quiet location here.
Puerto Calero: Just a few minutes' drive from Puerto del Carmen is Puerto del Carmen, one of the most modern and exclusive yachts in the world. This is a luxurious residential district, especially on the higher coastal sections, impressive villas with sea views as well as attractive apartment facilities can be found. Compared to the other holiday resorts are relatively few tourists. Numerous shops, restaurants and cafes ensure a high quality of life.
Which real estate prospects find on Lanzarote
The real estate market on Lanzarote is particularly varied in the holiday centers and offers among other things these properties:
Apartments: Particularly popular with holidaymakers are small apartments in a central location and close to the beach. They therefore offer themselves for the rental to tourists and are an optimal investment. They can also be used as their own domicile for holidays. Small apartments with 40 square meters of living space are available in tourist regions such as Puerto del Carmen for around 100,000 euros. Upstairs there are no limits: Luxurious penthouse apartments can be priced in the high six-digit range.
Finca / Villa: Spacious living with its own property allows fincas or villas. Fincas are traditional country houses, which are located outside the centers and are usually not directly near the beach. Here are partial old building properties in traditional style, which have been lovingly restored. If you are looking for an upscale residential area, you will find attractive villas in Puerto Calero, but also in small villages like El Mojon. Particularly sought after are objects with sea view. A private pool is generally standard.
Bungalow: Detached bungalows offer an alternative for those who want their own house, but also prefer a central location. A large terrace, a garden and a pool are standard with many objects. Depending on size, location and equipment, a bungalow is already available from € 100,000. To buy such a property on Lanzarote is particularly worthwhile as a retirement retirement, since a bungalow allows for barrier-free living.