best places to Airbnb in Lanzarote
Key Takeaways
• With a stable tourist market, good quality of life, and low cost of living, rental properties in Lanzarote have helped hosts to generate a nice income stream.
• Step into a profitable path after learning the reasons why Lanzarote can be considered a great investment market to target.
• Discover the top rental markets in Lanzarote – we also unveil their recommended property size and Airbnb dataset.
Introduction
It’s a given fact that the Canary Islands are an exotic paradise with breathtaking natural habitats, diverse wildlife, as well a fascinating historical legacy. Among its charming islands, we can find Lanzarote, a gem that stands out with its dramatic landscapes, lovely towns, and high-quality services that guarantee a perfect life.
Lanzarote certainly is a dreamy paradise that draws the attention of travelers easily. And this is further confirmed by Airbnb, since this island is a trendy destination for stays, especially if you want to book historical homes!
Do you happen to be interested in the rental market of Lanzarote? First, you should consider a few important factors! For example, it’s essential to research the most lucrative towns to buy short-term rentals in Lanzarote. And we are here to assist you!
In this article, we’ll list the best places to Airbnb in Lanzarote and their respective Airbnb dataset. You will also learn some of the advantages of investing in a rental property on this island. Continue reading to learn more!
Top reasons to buy an investment property in Lanzarote
Starting an Airbnb business in Spain, particularly in one of the towns of Lanzarote, is a clever way of creating a passive income that can lead you to financial freedom. But what advantages can Lanzarote’s localities offer to real estate investors?
Check out some of the reasons why buying a rental property in Lanzarote can turn into a profitable business:
Low cost of living
Lanzarote not only offers good quality of life but also a low cost of living in which expenses, rent, and leisure activities are fairly affordable. Thus, you can enjoy high-quality amenities and have access to reliable services during your stay on the island without putting a dent in your budget.
The housing market of Lanzarote is also relatively cheap compared to the other islands in the Canary region. This means that you will have the advantage of doing a low upfront investment.
For instance, the average housing price in Arrecife is €164K and €183K for properties in Costa Teguise. Thus, you can easily find a cheap property in Lanzarote!
Bonus: Canary Islands offers one of the lowest tax rates in Europe, with only 7% of the added value of the product.
Enjoy great living conditions
Lanzarote allows you to experience a peaceful lifestyle where you will get to live in warm communities amidst awe-inspiring natural landscapes. Thanks to its good weather conditions that make the island seem like a paradise of eternal spring, it’s easier to enjoy its wide array of recreational activities.
In addition, Lanzarote offers sophisticated infrastructure and good connections. The island is quite safe, so you can easily take a stroll around its beautiful towns or enjoy its exquisite cuisine with a glass of wine while admiring stunning sunsets.
Best place for Airbnb investments in the Canary Islands
Lanzarote offers promising investment opportunities that can help Airbnb hosts to secure a good source of passive income. As a matter of fact, Lanzarote is the top spot for Airbnb property investments in the Canary Islands!
Additionally, Airbnb mentioned that the listings near the Canary Islands vineyards offer a fulfilling financial experience to Airbnb hosts. Moreover, Lanzarote also holds 1st place in the accommodation category. Its most profitable markets are located in the municipalities of Haría, San Bartolomé, and Teguise.
Get ready for exciting experiences!
Did you know that Lanzarote in its entirety was declared a Biosphere Reserve by UNESCO? With just a piece of information, you can paint a picture of the island’s beauty and we can even agree that this destination embodied the sublime.
Lanzarote is a special island that blends its nature, history, art, and culture majestically. It offers an interesting catalog of leisure options that visitors can enjoy any time of the year thanks to its permanent springtime feel.
The island has approximately 200km of coastline that comprises picturesque beaches and magnificent coves. On top of that, Lanzarote is home to a variety of tourist resorts and small but charming towns surrounded by wine-growing areas, enigmatic volcanic landscapes, mountains, and more.
Is Airbnb Profitable in Lanzarote?
Wondering if it is a good idea to buy a property to let in Lanzarote? Airbtics has great news for you: Investment properties in Lanzarote can help you generate a nice income stream. That said, the profitability that a listing can create also depends on specific factors like the property size and location.
Based on Airbtics’ analytics tool, an Airbnb host can expect an average annual revenue of €34,052 and a median occupancy rate of 67% for operating a 3-bedroom property in Lanzarote.
Best Towns to Buy Investment Property in Lanzarote
Lanzarote is the third most populous island in the Canary Islands. It has 7 municipalities, each of them being further subdivided into a variety of charming localities. Consequently, you can expect the profitability in each area to be different. For this reason, choosing the right location to buy an investment property in Lanzarote can be quite a challenge – but we’re to help!
Check out the best areas in Lanzarote that are recommended for rental properties:
1. Montaña Roja
- Total Number of Airbnb Listings: 153
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €315,000
- Airbnb Annual revenue: €43,693
- Gross rental yield: 13.87%
2. Puerto del Carmen
- Total Number of Airbnb Listings: 816
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €350,000
- Airbnb Annual revenue: €41,669
- Gross rental yield: 11.91%
3. Playa Blanca
- Total Number of Airbnb Listings: 781
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €305,000
- Airbnb Annual revenue: €38,678
- Gross rental yield: 12.68%
4. Puerto Calero
- Total Number of Airbnb Listings: 113
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €290,000
- Airbnb Annual revenue: €30,899
- Gross rental yield: 10.65%
5. Costa Teguise
- Total Number of Airbnb Listings: 444
- Best bedroom size: 2 bedrooms
- Median property price (2 bedrooms): €180,000
- Airbnb Annual revenue: €29,164
- Gross rental yield: 16.20%
6. Punta Mujeres
- Total Number of Airbnb Listings: 109
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €190,000
- Airbnb Annual revenue: €23,915
- Gross rental yield: 12.59%
7. San Bartolomé
- Total Number of Airbnb Listings: 256
- Best bedroom size: 1 bedroom
- Median property price (1 bedroom): €180,000
- Airbnb Annual revenue: €21,634
- Gross rental yield: 12.02%
8. Arrecife
- Total Number of Airbnb Listings: 265
- Best bedroom size: 3 bedrooms
- Median property price (3 bedrooms): €160,000
- Airbnb Annual revenue: €17,829
- Gross rental yield: 11.14%
Conclusion
Investing in properties in Lanzarote with the purpose of letting them is indeed an effective and ingenious way to generate a good passive income. The island is composed of lovely towns with balanced rental markets that offer rewarding benefits and experiences to investors.
It’s still important to analyze all options carefully to not miss out on better opportunities, which is why we encourage you to use the best analytics tool available in the market. This way, you can rest assured that you will go through a rewarding experience.
While discovering the best places to Airbnb in Lanzarote is a great way to start, you should still aim higher! Take the helm in this journey and ensure long-term profitability by using Airbtics’ Airbnb calculator. Enjoy fruitful days whilst maximizing your gains now!
Explore The Most Profitable Airbnb Locations in Lanzarote
