Finding The Best Villas For Sale in Lanzarote
There´s never been a better time to look at the market for Lanzarote property for sale . As prices here have fallen back to 2007 levels since the onset of the economic crisis. So there are now genuine bargains available to those who have liquid cash assets available.
Certainly many British buyers will be looking aboard for somewhere to park their cash now that the stock market has nosedived and interest rates remain at such low levels. As this is becoming one of the few ways to earn a return. Many observers also feel that the UK property market is on the verge of a downturn too.
The housing stock on Lanzarote is pretty varied, with much of it built simply using breeze blocks, although older houses have been constructed using local stone. In the main resorts there are plenty of apartments and villas for sale, starting from as little as '40,000 for a studio. Lanzarote villas for sale are obviously pricier and start from around '200,000. Buyers should also be aware that they need to allow a further 10% on top of the asking price to cover local taxes and fees.
Most investors tend to concentrate on the main holiday resorts as this is where the bulk of tourists and hence rental income can be found. Playa Blanca is the newest resort on the island as well as the fastest growing. Blessed with great beaches, wonderful weather and a buoyant tourist industry. As a result property in Playa Blanca remains in demand, especially in areas close to the upmarket Marina Rubicon, which opened back in 2003. Other local hotspots include Montaña Roja and Costa Papagayo. One word of caution however ' the market for villa rentals here is close to becoming saturated, so buyers will find that they face plenty of competition form other owners for bookings.
So perhaps it would be sensible to consider a different niche and take a closer look at the growing rural tourism market. Which so far remains largely unexploited. The best place to look for this type of traditional property is in the north of Lanzarote ' which remains largely untouched by tourism. Villages such as Haria are a treasure trove of old properties and increasingly tourists are seeking these out as they demand a more authentic holiday experience. On the downside however is the fact that the weather in the north is worse than in the south, so your guests may have to put up with the odd cloudy or wet day during the winter months.
