LANZAROTE T
he rentals market on the volcanic island of Lanzarote is fi rmly focused on its two major resorts, according to
Nicoletta Warzecha of Volcano Estates (
www.volcanoestates.com), which do both property sales and long-term lettings. “Puerto del Carmen is all about
apartments. There aren’t many villas there; whereas Playa Blanca is the reverse, with more villas than apartments” she says, adding that the third tourist area, Costa Teguise, is much less popular. She says that in Playa Blanca you can buy a two- bedroom villa for €190,000-€240,000 (£168K-£212K). At Faro Park, a big complex that’s good for both short- or long-term lets, you could get €750- €800 per month: “It’s popular because it’s not too noisy, being just outside the town centre, yet it’s right on the seafront and all the homes are detached and on large plots.” For an apartment, head to Puerto del Carmen, the largest – and most expensive – resort says Ian Hoban of Grupo Estupendo, the island’s
biggest long-term rentals agency (
www.grupoestupendo.com). He says: “Barcarola is a centrally located complex which is great for all rentals. You can buy a fully refurbished two- bedroom apartment for €153,000 (£135K) and get €500-€650 a month. “Alternatively, the Matagorda
district is very sought after, with a lovely quiet beach and just a fi ve- minute cab ride into town. Here you can get a two-bedroom apartment in one of the resort’s best complexes, beachfront Las Olas, for €249,000 (£220K) – and earn €750 per month from it. Or, a two/three-bedroom bungalow costing €235,000 with over 30 weeks’ bookings for 2011.” The most upmarket area is Los Mojones and here he’s selling a three- bed luxury villa for €595,000 (£527K) – which received up to 48 weeks’ rentals last year. In Playa Blanca they have a three- bedroom, two-bath villa selling for €369,000 (£327K) which brought in €30,000 (£26,550) gross income from rentals in 2010 (and 2011 is looking even better…).
FOR SALE ON LANZAROTE
Where: Costa Teguise, Lanzarote Price: €289,000 (£255K)
This three bedroom, three bathroom duplex should bring in €800 a month/€550 a week.
Contact: 360 Canaries, 0034 928 592 385,
www.360canaries.com
Where: Puerto del Carmen, Lanzarote Price: €93,000 (£82K)
Perfect for long-term rental, this well- located one bed room apartment will bring €400-500 a month.
Contact: Estupendo, 0034 6665 57871,
www.grupoestupendo.com
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Windsurfers paradise Top
The famous cacti and windmills
JUNE 2011 A PLACE IN THE SUN 29
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