On the Canary Island of Lanzarote there is one tourist destination that is the most established and has the most tourist traffic, this place is called Puerto del Carmen.

Puerto del Carmen was the first town in Lanzarote to attract tourism. This was due to its close proximity to the airport, its quaint old harbour, beautiful sheltered beaches and fantastic climate.

These factors also attracted the first two major hotels to Puerto del Carmen, these being the San Antonio Hotel to the north of Puerto del Carmen and the Los Fariones Hotel to the south.

Tourism started first in Lanzarote in Puerto del Carmen and is therefore most established. This factor has had a huge effect on the Puerto del Carmen property market.

Due to high interest rates and an economic slow down in the UK property prices in European tourist destinations are moving in favour of the buyer. Experts are telling us that in the near futur the interest rates are set to drop another few points making this a very good time to buy a holiday and investment property in Lanzarote’s most popular tourist resort.

There are a lot of good buys on the market at the moment in Puerto del Carmen to suit all tastes and budgets. You can find an apartment for sale in Puerto del Carmen on a tourist complex with pool and ocean views from only 140,000 euros or aprox £81,911. Or an apartment for sale in La Concha, Lanzarote with a beach front location and all amenities from only 180,000 euros or £122,867. There are many other properties on the market which will definetly catch your eye and get you away from a long and lingering English winter.