Posted on 25-06-2010 | By: admin
Category : Property
Lanzarote is one of the most popular holiday destinations in Spain. Although it’s great year round weather is attributable to the fact that it is in reality located off the African coast. But the island is still part of Spain administratively and enjoys EU status too.
Traditionally Lanzarote has been something of a magnet for tourists from the UK and Germany. As both countries are just a four hour flight away. Yet a world away in terms of weather during the winter months. When Lanzarote enjoys sunshine whilst Northern Europe is often covered in snow. Making the island an ideal winter holiday bolthole.
The islands popularity has helped to create a very stable and healthy tourist industry, with about 1.4 million visitors enjoying a holiday on Lanzarote every year. As a result the island has become equally popular with overseas property investors. As they know that here they can earn rental income all year round.
Currently the Lanzarote property market is enjoying something of a renaissance, fuelled by the recent recovery of sterling against the euro and a restoration of confidence in key markets such as the UK. The fact that local banks have also started to lend has also helped to oil the wheels. Freeing up the flow of mortgage credit for those looking to get a foot on the ladder.
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