The ongoing effects of the economic crisis have led many people to feel that property is still one of the safest bets when it comes to capital investment. The reason why bricks and mortar maintain their appeal is obvious, when so many financial products have failed to deliver good rates of return.
That being said, it is still crucial that investors buy properties in areas or locations that are up and coming or already well established in terms of popularity. This is particularly the case when considering buying a property abroad.
In the last decade, many buyers opted to purchase in less well known holiday destinations, such as parts of Eastern Europe in the belief that being able to buy cheaply would guarantee capital appreciation. However, it is the tried and tested holiday markets of the Spanish islands, such as the Balearics and the Canaries which have proved a safer bet.
In the Canaries, there is by far the widest choice in the Lanzarote property market, with everything from studio apartments to two hundred year old fincas available. And thanks to the island’s year round suitability as a holiday destination there is that much more scope to recoup the initial investment.
So Lanzarote villas represent a sound proposition, with booking calendars potentially full for fifty-two weeks of the year, rather than simply during the summer season. This accounts for the large number of people who have already invested in villas in Playa Blanca, for instance, which has grown in recent years due to such high demand.
What’s even better news for anyone who may be currently considering a property purchase on the island is that there have been plenty of properties with significantly reduced prices coming onto the market in the last year. Meaning that there are some villas which would make ideal holiday rentals being offered at below market value.
And whilst price falls may suggest that the market is still shaky, the tourist numbers for this year indicate that Lanzarote is recovering its position as one of the most favoured Spanish hotspots. With figures up for summer visitors from the United Kingdom by as much as thirty-five percent in comparison with August last year.
All of which is good news for the potential property investor looking for the best way to maximise the return on a capital investment, as well as providing them with a home for their own holidays.