Best Places To Buy Property in Lanzarote
Year-round sunshine, over 60 beaches, amazing natural wonders – and all just four hours flight from the UK. It’s little wonder that Lanzarote remains such a big hit with overseas investors.
Lanzarote is one of the Canary Islands, the Spanish owned archipelago that is located just off the coast of North West Africa. The islands have been a hot favourite with holidaymakers for decades, not least Lanzarote, which prior to the pandemic was welcoming over 3 million tourists per year – around half of them from the UK.
Lanzarote is probably best known for its volcanic landscape, the result of massive eruptions in the 1730’s, which covered about one quarter of the island in a sea of lava. Along with the works of the famous local artist Cesar Manrique, who worked in harmony with this otherworldly terrain to create amazing and unique visitor attractions such as the Jameos del Agua and the Timanfaya National Park.
But it is ultimately the climate the continues to attract sun starved Northern European tourists, especially as during even the winter months temperatures here rarely drop below 18 degrees Celsius. And many subsequently decide to buy a holiday home on the island or take retirement there, taking full advantage of the island’s outdoor lifestyle and relatively low cost of living.
So where are the main property hotspots on Lanzarote?
Unsurprisingly perhaps, most foreign buyers tend to make a beeline for the three main holiday resorts on the island, so here we take a closer look at each…
Puerto del Carmen
Puerto del Carmen is the largest and oldest resort on the island – and is the spot where package tourism really took off back in the 1970’s. Handily located just a 10-minute drive from Lanzarote’s airport (now renamed in honour of Cesar Manrique) life here revolves around beautiful beaches and the Old Town harbour area, which is home to a wide array of bars and restaurants.
Leading island estate agent Atlantico Homes offers a wide selection of apartments and villas for sale in Puerto del Carmen, with prices starting from as little as €100,000.
Playa Blanca is located right at the southern most tip of Lanzarote, around a 40-minute drive from the airport. Once a quiet fishing village the town has evolved into Lanzarote’s second largest resort over the last 30 years and offers loads to attract overseas investors. Most notably the best climate on the island, along with some amazing beaches and close proximity to the neighbouring island of Fuerteventura.
Costa Teguise is Lanzarote’s third largest resort, located towards the north it is home to some high-quality hotels such as the Gran Melia Salinas, an 18-hole golf course and three excellent beaches.
Many investors actively prefer the relative peace and quiet of this resort and the easy access it provides to some of Lanzarote’s leading visitor attractions. With key sights such as the Cactus Garden and the Cesar Manrique Foundation within a ten-minute drive.