Property sales in Lanzarote, from overseas buyers, are focused in three main areas.
These are the three tourist resorts of Puerto del Carmen, Costa Teguise and Playa Blanca.
Each resort has its own character and appeal.
Playa Blanca is on the souther tip of Lanzarote. Is a forty minute drive from the airport. There are several beaches in the town and the natural beauty of the Papagayo beaches a few minutes drive away. A car ferry runs the 13km journey to the neighbouring island of Fuerteventura. Access is good. There are all the normal facilities of banks, bars and restaurants. Special facilities include a water park and marina.
Puerto del Carmen was the first established and most developed resort. A five minute drive from the airport. Characterised by a main beach road running the full length of town past all the beaches. At the Southern end is the original fishing harbour with a number of well laid out bars and restaurants. Of all three resorts there is the most activity and things to do here. Special facilities include a golf course and casino.
Costa Teguise is located a 10 minute drive North from the airport. There are four main beaches. The largest of Las Cucharas has great windsurfing conditions and surrounded by shops, bars and restaurants. Access is good throughout the resort. Special facilities include an Aqua Park and Golf course.
In each resort are a number of English speaking Estate Agents.
The property buying process is different to that in the UK running on a Notary system.
UK residents can buy and own property in the Canary Islands in exactly the same way as buying a property in Spain.
The Canary Islands have a lower tax than mainland Spain. In the Canaries it is called IGIC and is 7%. Mainland Spain has IVA 10%.
With the aid of your estate agent and a lawyer buying a property is a clear and well practiced exercise that thousands of people a year complete successfully.
Outside the main Lanzarote tourist resorts:
Each town on the island has a different history that is reflected in their culture and atmosphere.
There are the fishing villages like Punta Mujeres, La Santa, Famara and Playa Quemada. Locals tell stories of the past when fish were extremely plentiful and the daily catch was found with ease leaving the rest of the day to relax. These villages still have a relaxed feel, always very picturesque and often with some great sea food restaurants.
Inland beauties like Haria, Yaiza, Teguise, Tinajo, Tao etc have a separate charm to them. The farming activity of the past is not so prevalent these days but the atmosphere continues. Tranquil local bars offering great value tapas and a seat in the shade to watch the world go bar are easily found.
Many new comers to the island settle in the quieter towns once they get to know the island and their communication in Spanish improves.
Everyone has their own favourite places on this island. It takes time and exploration to get a feel and find what you like.
Types of property
The types of property change around the island.
In the resorts are the cheapest apartment on a complex typed properties. These can be a good first rung on the ownership ladder, create an income and be your Lanzarote bolt hole. There are community fees to pay but for this you normally get a nice swimming pool and all the gardening, up keep and cleaning of communal areas taken care of.
Larger homes like villas fill the needs of the permanent resident families on the island. These also earn a good rental income.
Read and learn all you can before taking the plunge. Get to know the island. Get a feel for what fits you. Plan, take notes and move ever closer to a better quality of life. If there was a leading reason for error in the buying property in Lanzarote field it would definitely be a lack of planning. Take into account the needs of each family member, schools, income, transport, local amenities, neighbours. Some of these things may seem trivial whilst you are rushing around to make things happen but if the neighbour has a load of dogs that keep you up all night you may start to have regrets.
Life in Lanzarote can be fantastic. The climate is almost unbeatable. The recession is receding and life can be very very good.