The Top Questions UK Buyers Ask

17. December 2025

Buying Property in Lanzarote: The Top Questions Buyers Ask

If you’re dreaming of owning a home in Lanzarote, Lanzarote Investments is here to guide you every step of the way. With our warm climate, friendly communities, and strong property market, Lanzarote continues to be one of the most desirable destinations, also for UK buyers, even after Brexit.

Here are the most common questions our clients ask when they begin their property journey on the island:

1. Can UK citizens still buy property in Lanzarote after Brexit?

Yes, absolutely. Brexit hasn’t changed your right to buy in Spain. The process remains straightforward; you’ll simply need to obtain an NIE (Foreigner Identification Number) before the purchase, which your lawyer or the Lanzarote Investments team can help arrange once you find the right property with us.

2. Do I need residency or a visa to buy property in Lanzarote?

No, you don’t need to be a resident to buy property in Lanzarote. You only need a visa if you plan to spend more than 90 days in any 180-day period here.

3. What buying costs should I expect?

It’s important to plan for around 10% additional costs on top of the purchase price. These include:

Property transfer tax (IGIC or ITP)
Notary and Land Registry fees
Legal fees and translation costs

Lanzarote Investments provides all buyers with a clear cost breakdown before any commitment is made.

4. Can I get a mortgage in Lanzarote as a UK citizen?

Yes. Spanish banks are open to non-resident buyers, typically lending up to 60–70% of the property value. You’ll need to provide income proof, tax returns, and bank statements from the UK. Our team can introduce you to trusted local mortgage advisors and banks familiar with UK documentation.

5.How long does the buying process take?

Most purchases take 6 to 8 weeks, depending on how quickly paperwork, legal checks, and mortgage approvals are completed.

6. What legal checks should I do before buying?

Always work with an independent Spanish lawyer and if possible, one who speaks English. They’ll ensure:

The property has a clean title and no debts
All local taxes are paid
Building permissions and licences are in order
The energy certificate is valid

Lanzarote Investments works alongside experienced legal professionals in Lanzarote to ensure your purchase is safe and transparent.

7. Can I rent out my property when I’m not using it?

With the recent introduction of laws regulating the application for licences for Vivienda Vacaciones (tourist rental licence), this is a little more complicated. Our team can guide you through the process to make sure your property is fully compliant.

8. Is buying property in Lanzarote a good investment?

Without a doubt. Lanzarote’s property market is one of Spain’s most stable, supported by year-round tourism and great weather, limited new development, and steady demand from European buyers. From stylish apartments to luxury villas, properties here tend to often increase their value over time.

9. Do I need to be in Lanzarote to complete the purchase?

Not necessarily. You can grant Power of Attorney to your lawyer, who can handle everything on your behalf, from signing contracts to finalising the purchase at the notary. You can just arrive and collect the keys!

10. Who can help me with the buying process?

That’s exactly what we’re here for! At Lanzarote Investments, we guide our clients through every stage, from property selection and legal paperwork to after-sales support. Our bilingual team and trusted partners make buying your dream home in Lanzarote simple, safe, and stress-free.

Thinking about buying a home in Lanzarote?

Contact Lanzarote Investments today and let our experts help you find the perfect property, whether it’s a holiday retreat, investment, or your future home in the sun. We have offices in all the main resorts: Puerto del Carmen, Puerto Calero, Playa Blanca and Costa Teguise, so all areas are covered, giving you the best properties at the best prices.

Tel. +34 928 513 514

sales@lanaroteinvestments.com

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