Property in Lanzarote

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This topic contains 4 replies, has 2 voices, and was last updated by Profile photo of Anonymous Anonymous 3 years, 6 months ago.

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  • #57457
    Profile photo of Anonymous
    Anonymous
    Participant

    Does anyone here own a property in Lanzarote? I have to confess I have never been there, and I need to get a better idea of who buys property there these days. Does any nationality dominate? Are buyers predominantly older retirees or younger couples with kids? Anyone know?

  • #81766
    Profile photo of DrRobert
    DrRobert
    Participant

    I’ve got property in Lanz. The majority of inhabitants are still Spanish or Canarian. Followed by Brits, Irish, German, Scandinavian and Italian. Probably in that order Yes, there are a fair number of retirees. The young family scenario still happens but a lot less than before as work is very difficult to come by.

  • #81727
    Profile photo of Anonymous
    Anonymous
    Participant

    Thanks Dr. Do you have any idea what’s going in in the property market there? Anyone buying?

  • #81724
    Profile photo of DrRobert
    DrRobert
    Participant

    Not many that I can see! Prices have come down by 50% in some cases. Lots of finished and largely empty developments or half finished and abandoned.

  • #116964
    Profile photo of Anonymous
    Anonymous
    Participant

    Dr. Robert, Can you recommend any good agents down there? If so, please send me a PM.

    Thanks.

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