This is an excellent and stable investment, a great alternative to the unstable financial market.
Lanzarote is a pleasant and mild-climate Canarian isle with average temperatures around 15-25°C (min-max) through the whole year, a perfect place for vacation or retirement.
The plot of land is located in a quiet residential area, away from tourisms chaos. Although this, all the main points of interest and services of the isle are within a short range: Arrecife, Lanzarote's capital, is at 10 km, fully equipped beaches at 5km, Golf Club at 2km, international airport at 7km, touristic harbor at 7km, international hospital at 10km.
The plot is already divided, with registered parcelling, into 4 lots, from 1000 to 1450 sm, each with 20% occupation factor, which enables to build one/two storeys villas of 200/290 sm with pool. The plot has access to all available utilities (electricity, water & sewer, telephone).
The local building cost is around 600/800 €/sm.
Once builded, there is opportunity to sell villas at current local prices: 2000/2400 €/sm.
Alternatively it is easy and very profitable, through the highly developed local rental & tourism agencies network, to rent builded villas in order to achieve a substantial and constant revenue. Local agencies usually have English, German and Italian mother tongue agents.
Price of the plot of land is € 600.000, negotiable.
It is possible to get in contact with local real estate agents (English, German and Italian mother tongue).
