Apartment Sales Drive Lanzarote Property Market

by Nick Ball

Demand for property for sale in Lanzarote priced above the €300,000 mark has fallen flat.  According to figures recently released by one of the islands largest property portals, Lanzarote Guidebook.

An analysis of 636 property enquiries received during the first two months of this year revealed that overseas investors currently have little interest in villas and houses.  And are instead opting for apartments and studios.  Suggesting that recent changes in market conditions and consumer confidence are stifling demand for the more expensive properties currently on the market.  Whilst investors instead turn to lower risk and lower cost options.

According to Lanzarote Guidebooks figures 83% of all enquiries received in January and February 2008 were for properties priced €300,000 or below.   Whilst properties priced below €150,000 attracted 43% of all enquiries.

And demand falls as price rises – with properties priced in the €300,000 to €500,000 bracket accounting for 10% of all enquires.  Whilst properties priced above the €500,000 mark proved to be of interest to just 3% of all overseas investors.

Karnevalssitzung

A Karnevalssitzung is the name given to an event that takes place during the Karneval season, usually in the evening.

It takes place in a large hall and is organised by a Karnevalsverein.  Although this could be anytime between 11th November and Shrove Tuesday, it is more likely to be in the last week of the season.

During the evening there are performances by dance troups, Büttenredner – a sort of comedian who comments on current, often poltical, events, and a lot of singing.  The guests sit at long tables to eat and drink.

Chairing the event are the Elferrat.  The word Elf, refers not only to the number eleven – the carnival number, but also to an abbreviation of the motto of the French Revolution: Egalité, Liberté, Fraternité.

To hear a simple explanation and a short discussion in German, listen to the podcast:

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24 Hour Shopping in Puerto del Carmen

Visitors to Lanzarote coming from the UK will be familiar with the concept of 24 hour shopping, but for visitors from other countries it may come as a bit of a surprise.  Now a supermarket in the old town of Puerto del Carmen has caught on to the idea and is open “a todas horas”.

24h supermarket in Puerto del Carmen
24h supermarket in Puerto del Carmen (Photo: C. & L. Tappenden)

Not that they were not open late into the night before.  The whole arrangement looks a bit like a cashpoint – “hole in the wall” would definitely be a fitting description.

The supermarket in question is “Marcelo” in the Calle Roque Nublo.  Customers select their goods from around 2000 items on a touchscreen built into what really does look like a cashpoint at the front of the store.  Alcoholic drinks can only be purchased before 10pm, and only then after the security camera operator has confirmed that it is an adult making the purchase.

Once the shopper has finished chosing their items, they then pay for their items – the machine takes Euro notes up to 50EUR – and wait for their goods to be delivered in a drawer below the machine.

So will it catch on?  Well, according to an article on a local website a second machine was due to open at a petrol station in Arrecife.  The creators claim that the system is unique to the Canary Islands, which, although maybe a shame for shoppers elsewhere who would also like have such a facility, it does mean that it will be something I definitely want to see on my next visit to Lanzarote.

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