When searching for a property for sale in Lanzarote, you’re not just buying real estate—you’re opening the door to solid returns and lifestyle benefits.
- Immediate rental income: Many properties already have a legal tourist rental license.
- A solid second home: In one of Europe’s most visited islands.
- High long-term appreciation: The Lanzarote market is stable, with sustainable growth backed by tourism and limited land.
Let us help you evaluate rental potential, costs, ROI, and market trends so you can invest with confidence.
Can I buy property in Lanzarote as a UK citizen after Brexit?
Yes. UK citizens can still buy property in Lanzarote and the rest of Spain. The main change post-Brexit is that you'll need a NIE (Foreign Identification Number) before completing a purchase, and there are some differences in residency rules if you plan to stay long-term. Our team can guide you through the current requirements.
How long does it take to buy a property in Lanzarote?
A typical purchase takes between 4 and 12 weeks from offer to completion, depending on whether a mortgage is involved and how quickly the legal checks are completed. Cash purchases can complete faster.
What taxes do I pay when buying property in Lanzarote?
The main tax is the Impuesto General Indirecto Canario (IGIC), the Canary Islands equivalent of VAT, on new builds, or the Impuesto de Transmisiones Patrimoniales (ITP) on resale properties, which is currently 6.5% in the Canary Islands. You'll also pay notary fees, land registry fees and legal costs. We always provide a full breakdown before any purchase proceeds.
Do you have Lanzarote agents in Playa Blanca?
Yes. We've been active in Playa Blanca for many years and have an excellent knowledge of the local market, including off-market properties that never appear online. Get in touch and tell us what you're looking for.
Is Lanzarote property a good investment?
Lanzarote receives over 3 million tourists per year and has a strong, year-round rental market. Property values have held well over time and the island's protected UNESCO Biosphere status limits new development, which supports long-term scarcity and price resilience. Whether for rental income, capital growth or personal enjoyment, Lanzarote remains one of the Canary Islands' most attractive property markets.