After a record breaking year for arrivals in 2014 it looks like tourist numbers will continue to soar on Lanzarote in 2015 too. As the latest passenger numbers for April reveal yet another increase in the number of tourists taking a holiday on the island.
This is of course fantastic news for anyone who has invested in holiday rental property on Lanzarote, as this means that demand for good quality villas and apartments remains even more buoyant than ever. And currently prices on the island remain low, with one bedroom apartments in the most popular resort of Lanzarote starting from just €54,000, which is around £38,000. Let’s face it, in the UK that would barely buy you a garage in certain areas, whilst here on Lanzarote that unit could easily return a few hundred per week in rental income.
Looking at the latest arrivals figures in more detail it is also apparent that tourism from the UK is really booming, whilst Irish passenger numbers are also on the rise, making it even easier for English speaking property owners to reel in more rentals.
During April alone just over 92,000 British tourists enjoyed a break here, along with 16,700 tourists from Eire, up by 1.4% and 2.7% respectively on the same month last year. German tourism was also up by an impressive 10% for the same month whilst arrivals from France and mainland Spain continued to take off.
So far this year a total of 778,440 people have touched down at Arrecife Airport, up by 1.56% versus the same four month period in 2014, which means that Lanzarote is once again on target for a record breaking year.
So how can overseas investors take advantage of this market? We’ve produced a handy guide to the best places to buy on Lanzarote which provides an insight into the nuances of the local market.
For example, in the North certain villages and locations are a far better bet for anyone seeking to set up a successful holiday rental business than others. The fishing village and beach of Arrieta are the main focus for tourists, so whilst nearby Punta Mujeres may look tempting and offers quite a few reasonably priced properties it’s a bit of a red herring, as the lack of beach here makes it less popular with tourists and harder to rent out as a result.