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Moving to Lanzarote You will need to decide whether you want to
buy property in Lanzarote in the main tourist areas of Puerto del Carmen, Costa Teguise, or Playa Blanca or indeed move out to the more typical Lanzarotian terrain, not far away but without
the tourist bustle. Lanzarote property sales have boomed in the last few years, reflecting the growing popularity of the island. With its biosphere status, people are beginning to realise
that the Lanzagrotty tag is far from the truth and that those who use it have never bothered to visit the island and enjoy its remarkable qualities. Property in Lanzarote is much in evidence and you can get a feel for prices by checking out the the links below. Be advised that buying property in Lanzarote is not the same as in the UK so you would need to read an extract, below, from the Local Lanzarote Gazette online. Lanzarote Real Estate has increased in value over the last 5 years as people from Northern Europe take advantage of the lower cost of living and healthier climate.
Make sure before you buy Buy property in Lanzarote only once you are sure that the lifestyle is right for you. It may be advisable to rent in
Lanzarote for a few weeks. Life on the island as a resident can have a whole different aspect to being on holiday!
Lanzarote Property Sales are still very buoyant, particularly when
you realize how much more you can get for your money than in Northern Europe.
The following guide is published by the monthly Lanzarote Gazette.
THIS article is intended as a
general guide to buying real estate in The Canary Islands. It has been compiled from the knowledge and experience of a number of professionals involved in the selling, buying and conveyancing
of property in Spain, but it should not be taken as a substitute for proper legal advice. It is intended only as an explanation of the system, customs and practice that you will come across,
should you be interested in buying a home on the islands.
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Choosing an Estate Agent This is a serious purchase, and you need
professional help. Find an Agent who is registered, either by having the initials API and a registration number after their name, which shows they are a member of Spain's College of Estate
Agents, or the letters GIPE, which shows they are a member of the Association of Property Promoters. In addition you will now find branches of Estate Agents from other European countries, but
ALWAYS deal with someone established with their own office. You are buying in a foreign country; it is essential to know that they will be around for some time.
Choosing the Lanzarote Property You need to know a great deal more about your property than you would if you were just spending a couple of weeks there. If
there is a community association, ask your neighbours if it is well run. Ask about the community fees - don t forget that if you are in a Community you are legally obliged to pay them or you
could lose the property. back to top
Buying a Property in Lanzarote The first essential thing before you part with a penny is to make sure that the
person selling you the property is entitled to do so. Any agent worth his salt will have carried out a basic search and will be able to show you that this is correct. Your agent will be able
to supply you with a list of suitable Lawyers to act on your behalf, the British Consulate in Las Palmas will provide a suitable list on request, if required. Your lawyer needs to check out
your intended property thoroughly.
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