If you’re thinking about buying in Lanzarote, you’re not alone. I work daily with buyers across Puerto del Carmen and the wider island who are looking for a place in the sun whether for holidays, investment, or a full relocation.
So here are the honest answers to the questions I get asked every day:
Yes - nothing has changed when it comes to buying property in Spain.
The only requirement is obtaining an NIE number, which can be arranged as part of the process once you’ve found the right property.
No, residency is not required to buy.
However, if you plan to spend extended time on the island, it’s important to structure things correctly from the beginning.
You should budget approximately 10% on top of the purchase price.
This typically includes:
Property transfer tax (ITP)
Notary and Land Registry fees
Legal fees
A full breakdown should always be provided before you commit, so there are no surprises.
Yes. Spanish banks generally lend between 60–70% to non-residents.
You will need to provide:
Proof of income
Tax returns
Bank statements
Not all banks operate the same way, so working with the right contacts makes a big difference.
Most purchases complete within 6 to 8 weeks.
Delays usually come from:
Missing documentation
Slow legal checks
Poor communication
Having an experienced team in place keeps things moving efficiently.
This is where many buyers get caught out.
Not every property qualifies for a holiday rental licence.
Approval depends on:
The complex
Local regulations
Existing licences within the building
This should always be checked before purchasing.
Yes - but not every property is.
The right property in the right location will always outperform the rest.
Local knowledge is key when making the right decision.
Buying property in Lanzarote should feel exciting - not confusing.
My role is to:
Help you find the right property
Protect you from the wrong ones
Make the process smooth from start to finish
Christopher Anderson
Senior Property Consultant
+34 667 786 085
info@roper.properties
