Property for Sale in Lanzarote: A Full Guide for Foreigners
Buying a home in Lanzarote is both exciting and rewarding at the same time. One of the Most unique islands within Spain’s Canary archipelago, Lanzarote combines its volcanic landscapes with year-round sunny weather in a relaxed lifestyle. This makes it perfect for the following:
Real estate in Lanzarote is generally stable against ups and downs in property prices on the island. The properties here are known for maintaining their long-term value, so property buyers in Lanzarote are assured of consistent price appreciation with time.
This guide will help you understand the property market and the taxes involved to find your dream home on this island paradise.
Why Invest in Lanzarote Property?
See why Lanzarote is such an enticing option:
Can Foreigners Buy Property in Lanzarote?
Yes, all foreigners, including non-EU citizens, can purchase property in Lanzarote. Spain itself actively encourages international buyers with the Golden Visa program. This means that if a foreign national invests a minimum amount in the country – in this case, €500,000 in property – residency is granted in return.
Buying property in Lanzarote is just as straightforward for Brits and non-Europeans, with no obstacles. You’ve got many options here in terms of property – from modern apartments in Arrecife to quaint villas near the beaches in Playa Blanca or Puerto del Carmen.
That said, some of these practical issues – such as opening a Spanish bank account or being able to finance through local lenders – may be more complicated.
The only other limitation is increased mortgage deposits by non-residents, but you can easily manage this with decent preparation and support.
Finding a House in Lanzarote
There are several reputable online real estate platforms and agencies that make finding property in Lanzarote so much easier. Properties range from super-luxurious beachfront houses to rustic interior village houses, so something for every taste and budget.
It’s recommended that you view properties in person for your expectations and check whether they fully comply with local legisland – be that quiet retreat in Haría or a buzzing home in Costa Teguise.
