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Buying property in the Canary Islands

Sunday, March 9th, 2008

Have you ever considered buying a holiday flat on a sunny island?

If you have more than 300,000EUR to spare, then this may be just the time to do so.

Take Lanzarote, for example. Apparently most people are interested in looking at apartments and studios – priced below 300,000EUR, according to one of the islands largest property portals: Lanzarote Guidebook.

Anything above 300,000EUR is only attracting 13% of enquiries, so if you’re looking for something larger then you are going to be in the minority and may possibly have a good choice of properties available.

Whether you decide to move to the island on a permanent basis, or let out the property as an investment, you might get a better deal here than in some, more expensive European countries.



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