Thinking of buying a home in Lanzarote? This guide breaks down the best areas, key facts, and what to know before you invest in this beautiful island paradise.
Lanzarote is a beautiful island in the Canary Islands, known for its warm weather, volcanic landscapes, and relaxed lifestyle. Every year, more people look at Lanzarote as a place to buy a home, whether for holidays, retirement, or investment. But buying property here is not something to rush into. There are many things to consider—location, prices, rules, and lifestyle differences. This article explains where to look and what to know before buying a property in Lanzarote. If you’re serious about buying, this guide will help you make the right decision with confidence and ease.
Why Lanzarote is So Popular
Lanzarote stands out for many reasons. First, the weather is sunny all year round. Winters are mild, and summers are not too hot. Second, the island has strict building rules that help keep it clean and green. Most buildings are white and low-rise, which gives the towns a charming look.
Besides, there are plenty of things to do—beaches, surfing, hiking, and visiting small local markets. It’s also a peaceful place, which makes it popular among retirees and families.
Because of all these reasons, lanzarote property for sale is a topic that attracts many buyers from across Europe.
Best Places to Buy Property in Lanzarote
Not every part of Lanzarote is the same. Some areas are better for families. Others are ideal for holiday rentals. Here are some of the most popular places to look:
Playa Blanca
Located in the south, Playa Blanca is one of the most loved places on the island. It has modern homes, peaceful beaches, and a good selection of restaurants. It’s perfect for those who want a calm lifestyle.
Puerto del Carmen
This is the island’s main resort town. It’s busy, vibrant, and full of life. Many buyers choose Puerto del Carmen for holiday rentals because of high demand.
Costa Teguise
Costa Teguise is on the east coast. It’s great for families because it has schools, parks, and sports areas. The sea breeze makes the hot days easier to handle.
Haría and the North
For those who love peace and nature, the north is a hidden gem. You’ll find green hills, small villages, and traditional homes. It’s not for everyone, but it offers a slower pace of life.
Choosing the right area depends on what you want from your property. If you plan to live full-time, calm areas might suit you best. But if you want rental income, tourist spots may offer better results.
Things to Know Before You Buy
Buying property in a different country can feel confusing. But with the right steps, you can avoid common mistakes. Let’s go through some important things to keep in mind.
Understand the Legal Process
Before anything, you need to know how the property process works in Spain. The rules are different from other countries. You’ll need to sign two agreements—a reservation agreement and then a sales agreement. These steps lock in the deal and protect both the buyer and seller.
Get a Lawyer
It’s always smart to hire a local lawyer who speaks your language. They can check if the property has debts, help with paperwork, and explain the process. This step is important to avoid trouble later.
Consider Extra Costs
The price of the home is just one part. You’ll also need to pay taxes, notary fees, and property registration costs. These can add about 10–15% to the final cost.
For this reason, when looking for lanzarote property for sale, make sure your budget covers everything—not just the asking price.
Check Building Rules
In Lanzarote, there are rules on what you can build or change. This is to protect the island’s look and feel. If you’re thinking about making changes to a home, always ask if it’s allowed before you buy.
Know the Community Fees
Some homes are in shared communities. These may have pools, gardens, or parking. But they also come with monthly fees. Always ask how much the fees are and what they include.
Living in Lanzarote Full-Time
Living on an island can be a dream come true. But it’s important to know what daily life is really like.
Shops and services may close earlier than in big cities. Local events and holidays are a big part of life, and people enjoy a slower pace. If you’re coming from a fast-paced place, this may take time to get used to.
Also, learning some Spanish will help you feel more at home. While many people speak English, speaking a little Spanish helps with daily tasks and makes locals more welcoming.
You’ll also need a local ID number (NIE) to buy a property, open a bank account, and get services. This is easy to apply for, but it does take time.
Is Buying a Holiday Home a Good Investment?
Many buyers look at Lanzarote as a place to invest. And yes, it can be a smart move. With strong tourism numbers year after year, holiday rentals are in high demand.
If you plan to rent your home to tourists, check if the property has a rental licence. These are needed for legal holiday rentals. Not all homes qualify, so ask before buying.
Homes in places like Puerto del Carmen and Playa Blanca are usually easier to rent out. But they also come with higher prices. Balance your budget with your rental goals.
Also, keep in mind that there are rules for holiday rentals. For example, you may need to register with the local council and follow safety rules. A good lawyer or property expert can guide you through this.
What Kind of Properties Are Available?
Lanzarote has a mix of property types. You can find:
- Small apartments in resort towns
- Family homes with gardens and pools
- Traditional houses in the countryside
- Modern villas with sea views
If you’re buying for personal use, think about your lifestyle. Do you need space for guests? Do you want to walk to the beach? Will you live here full-time or just part of the year?
On the other hand, if you’re buying as an investment, think about what renters want. Most holiday visitors prefer homes near the beach, shops, and restaurants. Homes with a pool or sea view tend to do better in rental markets.
How to Start Your Search
The best way to start is by visiting Lanzarote. Spend time in different areas. Talk to locals. See what daily life feels like. What looks perfect online might not feel right in person.
Next, make a list of what you really need. Decide on your budget, preferred location, and property type. Then, speak with a local property agent or consultant who knows the island well. They can help you find homes that match your goals.
Avoid rushing. Take your time. Buying property is a big decision, especially in another country.
Tips for a Smooth Buying Process
Here are a few extra tips to help you avoid stress during the buying process:
- Always view the property in person before making any offers.
- Don’t rely only on photos. Visit the area at different times of day.
- Ask your lawyer to double-check all documents before you sign anything.
- Make sure the property is free from debt or legal issues.
- Check if water, electricity, and internet services are working.
- Plan your move and get advice from others who’ve bought in Lanzarote.
Conclusion
Buying a property in Lanzarote can be a life-changing experience. Whether you want a holiday escape, a peaceful place to retire, or a smart investment, this island has plenty to offer. But it’s important to take your time, learn the process, and get the right help. From choosing the right location to understanding the rules, every step matters. With careful planning, you can find a home that fits your dreams and needs. Lanzarote is more than just a place—it’s a lifestyle. And owning a piece of it can be truly rewarding if done right.
