Lanzarote property market

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    I am thinking of buying a property in Lanzarote, I was there last November and loved it. I will be going back in November for 2 weeks and I hope to have a good look around, Costa Teguise and Puerto Del Carmen appear to be the better choice.

    One fundamental problem I have with Lanzarote is the issue of peak oil. Will the number of tourists fall over the next few years fall and affect the number of rentals.

    Any feedback on Lanzarote property would be welcome, the first question I have is does the asking price reflect what you can expect to pay or in the current climate do people offer below or above it?

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