As we recently reported the popularity of the Canary Islands has been soaring so far during 2015. And the release of the latest arrival figures by AENA yesterday further reinforces this upward trend, with Lanzarote welcoming close to 200,000 foreign tourists during the course of August, an increase of 4.5% on the same month last year.
August is always the busiest month of the year on Lanzarote and new records had already been set in 2014. So a percentage increase of 4.5% last month against this already high benchmark figure is extremely impressive and keeps the island on course for one of its best years ever in terms of tourist arrivals.
As usual British tourists are the largest group by nationality, accounting for 112,000 of these arrivals. Four times as great a figure as the islands next largest national markets of Germany and Eire. And tourism from the Spanish mainland has also held up well, with 300,000 arrivals further adding to this rather rosy picture. The French market also continues to go from strength to strength, accounting for 13,000 arrivals last month and over 80,000 for the year to date, establishing this as Lanzarote´s fourth largest market by some distance.
So what does this mean for investors? Like the rest of the Canaries Lanzarote is a year round destination and growing passenger numbers means growing demand for good quality rental properties. We offer one of the widest selections available online with hundreds of apartments starting from as little as €70,000 and villas from as little as 135,000.
Given the current uncertainty in the world´s stock markets, rock bottom interest rates for savers in the UK and favorable pound to euro exchange rates there really has never been a better time to invest in the Lanzarote property market.