Thank you for your full explanation. We have brought & sold properties in Costa Teguise and now have our forever home. It is really important to speak with & discuss your particular requirements with an estate agent - who will work with you to view the most appropriate properties for your budget & requirements. We personally have purchased a structurally solid property that needs everything done after being a rental. It's definitely worth it to get what you want & takes time to get it the way you want it. A work in progress but worth every euro.
Many thanks for this VERY informative video Mike. We've long dreamed of moving to Lanzarote, and even though Brexit would appear to have sadly scuppered that dream it's still interesting to learn how the process works over there. Keep up the good work.
@@JohnVaughan-l8x Drop me an email, John. I don’t want to post her contact information on UA-cam. If you don’t have my email address use the contact us on Lanzarote Information.
Great video Mike. Interesting comment about Spanish owners not usually taking anything less than the asking price - not sure "A Place in the Sun" has ever covered / mentioned that fact. 🙄🙄🙄
We bought an apartment in PDC in April 22. We remortgaged our house in the UK and paid cash. We rent it out on AirBnB through a management company The most difficult thing we found was opening a bank account. Had it 2 years now and wouldn't be without it. Friends family use it more than Airbnb BnB Estate agent was Alex from Lanzarote investments. Used Atlantic Money for our money transactions. The apartment was up for €135000 and paid €127500 Our solicitor was Mario from Lanzarote Lawyers
Many thanks Mike, a most interesting video. We live in Ireland and bought our apartment on a complex in PDC over 2 years ago, we don’t rent our apartment but there are properties on the complex with the VV sign, so, remembering your previous video saying there would be a moratorium on new rental licenses in the future should we apply for one just in case we ever changed our mind or wanted to sell the apartment as this could help future value, your non binding thoughts would be appreciated, Patrick
We had the same conversation, as we have a place in Puerto del Carmen, which is long let. We decided not to apply for a licence, because my view is that when the new rules come into play, the first properties to lose the licence will be ones that aren’t actually being holiday let. But note, this is only our view, and nothing has been said to verify it so far.
90 day rule kills buying a property there for me Mike, I wouldn't rent either after my partners experiences of renting in mainland Spain, plus it was constantly being broken into.
@@LanzaroteInformation thanks, that's very nice of you. Or maybe an enligsh speaking lawer, haha, He can use google translate. He wants to set up a company and buy a house there, needs some consulting...
Thank you for your full explanation. We have brought & sold properties in Costa Teguise and now have our forever home. It is really important to speak with & discuss your particular requirements with an estate agent - who will work with you to view the most appropriate properties for your budget & requirements. We personally have purchased a structurally solid property that needs everything done after being a rental. It's definitely worth it to get what you want & takes time to get it the way you want it. A work in progress but worth every euro.
Enjoy the work you’re doing to it, and take lots of photos!
@@LanzaroteInformation
Hi, would I be able to ask you a few questions away from the comments section? Do you have an email account?
Thanks
@@jameslishman5405 You can get in touch with us via the contact form on our website: lanzaroteinformation.co.uk/contact-us/
Many thanks for this VERY informative video Mike. We've long dreamed of moving to Lanzarote, and even though Brexit would appear to have sadly scuppered that dream it's still interesting to learn how the process works over there. Keep up the good work.
Hi Mike, great video! Thanks for posting. I was wondering if you could provide details of the lawyer you have used in the past? Thanks
@@JohnVaughan-l8x Drop me an email, John. I don’t want to post her contact information on UA-cam. If you don’t have my email address use the contact us on Lanzarote Information.
Thanks Mike, I just left you a message on the contact us on Lanzarote Information.
Great video Mike. Interesting comment about Spanish owners not usually taking anything less than the asking price - not sure "A Place in the Sun" has ever covered / mentioned that fact. 🙄🙄🙄
We bought an apartment in PDC in April 22.
We remortgaged our house in the UK and paid cash.
We rent it out on AirBnB through a management company
The most difficult thing we found was opening a bank account.
Had it 2 years now and wouldn't be without it.
Friends family use it more than Airbnb BnB
Estate agent was Alex from Lanzarote investments. Used Atlantic Money for our money transactions.
The apartment was up for €135000 and paid €127500
Our solicitor was Mario from Lanzarote Lawyers
Excellent! We know Alex and Mario, but I hadn’t heard of Atlantic Money before, but they look like a good set up. Enjoy your place here!
This information gave a great insight into the whole process very informative and helpful, thanks for your input and guidance
Thank you Mike for your very informative video. Can you tell me who are the main estate agents on the island? Thanks
I generally recommend Lanzarote Investments as they have offices all over the island, and I’ve known the owners for 20 years.
Very interesting and food for thought!
Finally someone has explained the whole process in detail but in easy to understand terms.
Thank you very much indeed 👍
Glad it was helpful!
Many thanks Mike, a most interesting video. We live in Ireland and bought our apartment on a complex in PDC over 2 years ago, we don’t rent our apartment but there are properties on the complex with the VV sign, so, remembering your previous video saying there would be a moratorium on new rental licenses in the future should we apply for one just in case we ever changed our mind or wanted to sell the apartment as this could help future value, your non binding thoughts would be appreciated, Patrick
We had the same conversation, as we have a place in Puerto del Carmen, which is long let. We decided not to apply for a licence, because my view is that when the new rules come into play, the first properties to lose the licence will be ones that aren’t actually being holiday let. But note, this is only our view, and nothing has been said to verify it so far.
Thank U Mike for video as always U say it very well explained very good 👍
Thanks Mike that was very helpful 👍👍
90 day rule kills buying a property there for me Mike, I wouldn't rent either after my partners experiences of renting in mainland Spain, plus it was constantly being broken into.
Sure, if you’re not from an EU country, you’re limited to 90 days in a rolling 180, and if that doesn’t work for you, then no point in buying here.
Perfect thank you
by any chance, do you know a lawyer who speaks French ? My french business partner is looking for buying a house there....
@@thomasegahnokewa6682 I don’t. But I will ask around and let you know if I find one.
@@LanzaroteInformation thanks, that's very nice of you. Or maybe an enligsh speaking lawer, haha, He can use google translate. He wants to set up a company and buy a house there, needs some consulting...