Island Property Is Almost Guaranteed To Increase In Value Over Time

Category: Finance, Real Estate.

Real estate investors world wide are looking at buying property on Lanzarote. The answer is simple.

Why would so many people, under such financial turmoil, look at buying property on an island? Investment property- or even better, the return on investment they re sure to see years in the future. Island property is almost guaranteed to increase in value over time. Buying inexpensive property on one of the world s leading tourist islands is a smart move, no matter how you look at it. Although it is one of the larger of the Canary Islands, Lanzarote will eventually run out of buildable land. When there is no room to build more homes, property prices will skyrocket. This is a simple fact facing all islands.

This will make your investment well worth the time, money and effort you put into it. That equals about 538 overseas investors looking to buy property in Lanzarote. In January and February 2008, a detailed analysis showed that of the 636 property inquiries received, 88 percent were overseas investors. This study suggests that changes in market conditions recently affecting the UK are not affecting Lanzarote properties in the least. Puerto del Carmen is currently the driving market accounting for 43 percent of all property inquiries used in the analysis. In fact, it proves that Lanzarote is a very hot spot for buying prime investment real estate.

Costa Teguise came in second with 30 percent and Playa Blanca third with 19 percent. Irish investors make up a large percentage of those looking to invest in property on Lanzarote. For residents of the Irish Republic, the island has become the most popular Spanish tourist destination. It would seem that investors looking to buy property on Lanzarote are looking for low cost, low risk options. Properties priced below 150, 000 Euros received the most enquiries. The primary property types people are looking for are apartments or flats. Properties priced above 500, 000 Euros attracted only 3 per cent of overseas investors enquiries.

It boasts a five star hotel where you will find restaurants, spas and much, bars more. Playa Blanca is one of the newer resorts on the island. Other features of the resort include pools, a children s playground and an amphitheatre. Those looking to invest in a villa property look primarily to Lanzarote s Playa Blanca. Sports fans will enjoy the tennis courts, soccer, beach volleyball, a 9- hole putting course and more daily activities for kids and adults. Properties in Playa Blanca receive five times more inquiries than rival resort Costa Teguise.

Lanzarote s resort areas are always growing and increasing in value. It is believed the reason for this is the newest resorts offer a better value than the older resorts on the island. Tourists book months in advance for their favourite hotels. As tourism continues to grow in the Canary Islands, property prices on the islands will continue to rise. Many tourists have decided to buy an apartment or villa, not only for holiday stays, but also as investment properties.