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Hi, I am considering buying an apartment in Lanzarote (once the Covid issue has gone). Would you say this is a good idea? Probably I will want to rent out to holiday makers. Is it really complicated to sort out all the documents and tourist licence? Is there anything in particular I need to be wary of?
Posted: Wed Nov 11, 2020 9:11am
Hi
We bought last year in Puerto del Carmen. Used Ropers who were fabulous. They sorted everything out really smooth purchase. I would definitely recommend them. Good luck.
Posted: Thu Dec 3, 2020 4:12pm
Hi, I am currently looking at property as well. I would be purchasing as a non-resident. I've had a good look around and it depends on where you are purchasing your property. What I have learned is not to rely on any rental income to pay or cover costs from talking with people who own property here. On a postive note, I know of a few people who have places in PDC and have the same people coming back to rent year in, year out. I can't comment on the touristic licence and I'm sure some of the locals can help you out on that side.
As a non-resident, this article caught my eye regarding the current Spanish government. The current government are both left wing parties and this article might be of interest. https://www.spanishpropertyinsight.com/2020/11/05/political-risk-increasing/. I'm not sure if this would apply to you, so disregard this, if it doesn't. Spanish property insight is also a good website generally and there are some great articles that I found very helpful.
Good luck with your house hunting and I hope you find your place in the sun.
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