Had a look at Lanzarote in 2010. As a straightforward sun destination, it is hard to beat, all year round weather. There are loads of rentals though, so best not to rely on them for income. One beds were going for about €60,000, 2 beds about €75 -120 and of course much higher. Location and condition seems to be key, as with anywhere. Many of the cheaper apartments are in complexes that need or have just been refurbished. Access by Aer Lingus quite good all year, from Belfast too, but flight prices may be offputting at certain times. Nic eplace though.Hi,
I just want to see what people thing of the idea of buying in Lanzarote at the moment. Has the market bottomed out or is there still a bit to go.
Would be looking at a 2 bed apartment primarily for own use.
Had a drive around Playa Blanca when there in January. Lots of empty property about. I'd hold off another while. Things are very quien in general around Lanzarote.
I think anyone considering buying anywhere in Spain at the moment, including the Canaries, needs their head examined.
Was in Lanzarote last month and listening to what the local expats had to say about market conditions wasn't good.