The Palacio de Congresos will be built on the sea prominade at Arrecife An area 15,000 m2 to be built between 2009 - 2013 it was the first prize in the international competition in 2009. Henning Larsen Architects will be partnering local Spanish architect Carlos Morales.
Despite the credit crunch and the ongoing weakness of sterling against the Euro the small Canary Island of Lanzarote still expects to welcome over 1.3 million foreign tourists by the end of this year. Lanzarote is one of Europe’s only genuine winter sun destinations – at just four hours flying time from the UK –
Puerto del Carmen – the hub of both the Lanzarote Property and tourist markets – is about to undergo a major face lift. As island authorities press ahead with plans to “reinvent” tourism in the resort in a bid to maintain its competitiveness versus other, newer, holiday destinations. Package tourism on Lanzarote first took off
Natura Design. Since the end of last year the Euro has reached some record highs against the Pound Sterling and the US Dollar. Inevitably the Lanzarote property market has been affected. On December 19 2007, the GBP was worth almost Euro 1.40. Three months later, it has gone down to Euro 1.28. This is a
Demand amongst overseas investors for residential and commercial property in Puerto del Carmen is currently driving the Lanzarote Property market. According to an analysis of 636 property for sale enquiries received by Lanzarote´s busiest property portal, Lanzarote Guidebook , during the first two months of 2008. Property Hotspots Where are the current property hotspots for
New Look For Puerto Del Carmen Puerto del Carmen has long been the engine room of tourism on Lanzarote. Once known locally as Tiñosa, this popular resort really took off in the 1980´s – initially in and around the old harbour fishing area – which is still a focal point of the resort today. And
Trade Fair Tenerife. Construye (build) is the name of the exhibition which last year saw 18,132 visitors and 162 stands. Equipment, tools, builders, plumbers, anything and everything to do with the building trade. Open between 11 am and 9 pm until Sunday 7th November.
LESS TAX ON GAINS IN SPAIN Spanish Government halves Capital Gains Tax for foreign investors As the amount of tax being levied on property sales for non-residents is about to be cut in half.
NIE now mandatory for non-resident property purchases Planning to buy or sell property on Lanzarote? Then make sure that you have a NIE number – a Numero Personal de Indentificacion de Extranjero – which is a tax identification number for non-residents. Until fairly recently non-residents purchasing or selling property could provide their passport as identification.
Property Prices up 16.5% in Tias District Which part of the island has the highest house prices? According to Spanish market commentators Sociedad de Tasacion (one of Spain’s leading mortgage evaluation specialists) the priciest properties on Lanzarote are to be found in the municipality of Tias. Where the price of a new home has reportedly