Thinking about investing in the Lanzarote Property market?  Then it would be sensible to complete your purchase before the end of the year.  As the Spanish government has announced a reduction in sales tax on new homes from 8% to 4%, in an attempt to help rebuild the country’s construction sector.
The Spanish government recently announced plans to cut sales tax on new homes from 8 to 4% in order to help reduce an estimated backlog of one million unsold residential properties.  This excess stock has been created by a number …

The number of British tourists visiting Lanzarote rose by over 14% last month, according to the latest figures just released by ISTAC, the Canarian Institute of Statistics.  As a total of 66,154 tourists from the UK touched down at Arrecife airport, up from 57,849 arrivals for the same month last year.
Arrivals from Lanzarote´s other key markets also showed positive growth, with passenger numbers from Germany rising by 19.4% and from Ireland by 6.5%.  Whilst the islands fourth largest market, Holland, enjoyed 12.8% rise with a total of 4328 tourist arrivals.
Overall …

The number of Irish visitors taking holidays in Lanzarote continued to decline during December.  According to the latest statistics just released by AENA.  Which reveal that arrivals from Eire tumbled again last month by 8.7%. 
Overall, annual Irish tourist numbers have now declined by 12% versus 2009 and by over 25% versus 2008 figures.  Suggesting that Lanarote’s third largest market is now in long term decline, a trend exacerbated by the onset of the debt crisis there, which is set to further squeeze consumer spending.
On the upside other key markets such …

The number of foreign tourists visiting the Canary Islands rose by 7.61% last year, according to the latest figures just released by AENA.  With a recovery in the British market helping to fuel growth.
A total of 8.590.081 foreign tourists visited the Canary Islands during the course of 2010, with Tenerife remaining the most popular destination with 3,118,852 arrivals, followed by Gran Canarias with 2,481,672 foreign visitors.  Fulled by a 12% plus growth in British visitor numbers.
Lanzarote remains the third most popular of the islands and last year foreign tourism grew …

December 2010 was one of the warmest months recorded in the last fifty years across the Canary Islands and was the third driest of the decade, according to the State Meteorological Agency (AEMET).
 
AEMET  has just confirmed that the final month of 2010 was one of the fifth warmest Decembers on record with average daily temperatures hitting  20.7º C on the coast and of 15.3ºC in central areas. And only December 2009 has exceeded these temperatures in the last decade.
 
In addition, with only an average of 41mm of rainfall, it was …

Fans of Lanzarote´s wines may want to start stocking up.  As prices look set to  rise over the next year as a result of a smaller grape harvest.   Only 1,568,000 kilos of grapes have been collected this summer in comparison with 1,814,000 kilos harvested in 2009.  With approximately 65% of the total amount harvested  destined for  the production of white Malvasia wines, which Lanzarote is famous for.
The lower level of yield has been attributed to  weather conditions that have significantly reduced grape growth over this cycle.  Such as  rainfall, heat waves and seasonal temperature …

The most recent figures to be compiled by the ‘Wines of Lanzarote’ Regulatory Council has found that during the first quarter of 2010 sales of local wines rose by almost 30% compared with sales during the same period of 2009.
In total 466,760 bottles of local wine have been purchased between January and March, whereas last year the amount was only 360, 508. As a result, if sales continue at this level, the Council hopes that 2010 will see sales reaching or surpassing the level recorded in 2008, which amounted to …

High winds and rain caused travel chaos in the western Canary Islands yesterday.  With 18 flights to La Palma and El Hierro cancelled. Most were inter-island flights connecting the smaller islands of La Palma and El Hierro with Tenerife, although one flight from La Palma was destined for Brussels but had to put down at Tenerife South.
The State Meteorological Office has issued an orange alert until Tuesday afternoon, as further high winds are anticipated, gusting up to 95 kilometres an hour in the peaks of Teide National Park.   With high …

It’s party time on Lanzarote this month as the annual Carnival season gets underway. Starting a month of celebrations across the island.
Arrecife swings into action this weekend with the Carnaval theme dedicated to the memory of Michael Jackson. So expect an abundance of white gloves and Thriller related threads.  The main event takes place in the island capital on Monday 15th as the Carnaval Parade sways through the streets from the Cuidad Deportiva to the Cabildo building n the seafront.
The action then moves on to Puerto del Carmen from the …

Severe storms have swept across the Canaries over the last couple of days.  Causing widespread flooding on larger islands such as Tenerife.  And whilst Lanzarote has managed to escape the worst of this weather transport routes to the island have still been disrupted.  With both flight and ferry services affected.
 
Yesterday eleven flights to Lanzarote from across mainland Europe had to be diverted to Fuerteventura – with pilots unable to land on the relatively short strip at Arrecife.  Whilst three inter Canary Island ferries were unable to dock at Puerto Marmoles.
 
The …