Lanzarote Builders Blog

Archive for March, 2008

Natura Design. Since the end of last year the Euro has reached some record highs
against the Pound Sterling and the US Dollar. Inevitably the Lanzarote property market has been affected. On
December 19 2007, the GBP was worth almost Euro 1.40. Three months
later, it has gone down to Euro 1.28. This is a real reduction of 9.4%,
which means simply that property in Lanzarote and other Uropean countries has
become 9.4% more expensive for the British buyer.
But now selling a property in Lanzarote and sending the money back to
the UK as sterling you would have
gained 9.4% in extra profit. The smart investors who bought in Lanzarote
have another reason to be happy with their investment. The
Euro could be overtaking the dollar as the world’s major currency and
become stronger in the future.
Lanzarote property prices have become stable and in some cases have decreased. As a
result, the Lanzarote Property Market is more realistic to the foreign
investor, leaving room for growth & capital appreciation in the
future. Lanzarote property continues to be a good investment and a real
possibility for people who long to relocate to the warmer climate and for a different lifestyle.

By Natura Design

Client’s comment by Ron
Martin at Natura Design constructed for us a large terrace with a swimming pool ,built a built in BBQ and a Jacuzzi room.
From our first meeting when he took us to look at some of his work we felt very comfortable with his approach and attitude.
The work was started on time and we were kept up-to-date on progress with emails and photographs.
Martin was proactive with his help and suggestions as the work progressed to help us get the best from our project.
The work was completed to a very high standard on time and at the costs we agreed.
On completion our villa and garden was left very clean and tidy.
Martn explained how every thing operated and showed us how to clean our new pool.
In our opinion we would not hesitate to recommend Natura Design to anyone who wants a good job..
Ron….

Demand amongst overseas investors for residential and commercial property in Puerto del Carmen is currently driving the Lanzarote Property market. According to an analysis of 636 property for sale enquiries received by Lanzarote´s busiest property portal, Lanzarote Guidebook , during the first two months of 2008.

Property Hotspots

Where are the current property hotspots for overseas investors on Lanzarote?
According to this detailed analysis of British and Irish property investment requirements Lanzarote´s oldest resort – Puerto del Carmen – is currently top of the props. Accounting for 43% of all property enquiries received during January and February 2008. With Costa Teguise recording 30% and Playa Blanca trailing in third place with 19%. However, Playa Blanca remains the most popular spot on the island for anyone searching for a villa investment –generating five times more demand than closest resort rival Costa Teguise.

Costa Teguise just pips Puerto del Carmen for apartment enquiries. Whilst Puerto del Carmen leads the way for commercial property – accounting for 64% of all demand. So reflecting the resorts position as the epicentre for expat enterprise on the island.

Ideal Homes

What types of property in Lanzarote are currently in demand with overseas investors?

Apartments currently lead the field – attracting over three times as much interest as villas. Suggesting that recent changes in market conditions and consumer confidence are stifling demand for the more expensive properties currently on the market. Whilst investors instead turn to lower cost options.