Many people are buying property in Lanzarote purely as an investment, intending to rent out the property for as many weeks in the year as possible and also see good capital appreciation, as opposed to putting their money into pension schemes which have been performing very poorly. So how do you decide where and what properties are likely to give you the best return?
Lanzarotes climate is such that year-round rentals can be achieved as winter temperatures average around 20/22C daytime average maximum, making it the warmest part of Europe in the winter. But this has an affect on property prices, making them quite high in comparison to resort areas in some other countries. However, the large number of new properties being built on the island, especially in Playa Blanca, is helping to stabilise prices.
So firstly of course, you have to decide on your budget. As in any resort area, the further away from the coast you buy, the more youll get for your money. However, the further away from the coast the property is, the harder it is to rent it out. Lanzarote has the advantage of being quite a small island so no matter where you are, you are never more than 20/25 mins...
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