buying property
The American banking system is slowly destroying the real estate market. After 6 months of delays, two deals I was supposed to sign on last week have been delayed once again because of the bank’s inability to agree to sign on the dotted line. This is insane. After 6 months of haggling, and an agreement in principal but not in writing, the bankers cannot get their fat arses off their comfy chair to sign the papers.
More on Bank delays killing short sale real estate investments in the USA
Brighter news at last for the beleaguered Lanzarote property and tourism markets. As leading low cost flight operators such as Ryanair, Aer Lingus and easyJet have all recently unveiled a dramatic up weighting in services to the holiday island. Which so far this year has experienced an 18% drop in foreign tourist arrivals.
The closely interlinked Lanzarote property and tourist sectors continue to struggle against a backdrop of declining visitor numbers. As the Spanish airport operators AENA unveil their latest figures for tourist arrivals in June. Which reveal that 24.45% fewer foreign visitors spent their holidays in Lanzarote last month. With arrivals down by over 30,000 versus June 2008.
The Lanzarote property and tourist markets continue to suffer as a result of falling visitor numbers. As the Spanish airport authority AENA has just released their latest arrival figures for May. Which reveal that the number of foreign tourists enjoying a holiday on the Island of Fire fell by over 26% last month, versus the same period in 2008. A sharp decline with serious implications for the many overseas owners of Lanzarote villas and apartments.
Easter has provided little in the way of salvation for Lanzarote´s beleaguered tourist industry and property market. According to the latest passenger figures just released by the Spanish Airport Authority AENA. Which reveal that arrivals for the year to date have now fallen by nearly 15% versus 2008 figures. With over 86,000 less tourists visiting the island during the first four months of this year.
The number of foreign tourists visiting the holiday island of Lanzarote dropped dramatically in January. According to figures just released by the Spanish airport operators AENA. With arrivals down by over 12% versus January 2008. Falling from 135,617 visitors to 118,894 last month.
Demand for privately owned rental accommodation on the popular holiday island of Lanzarote rose by just over 14% last month. Confounding speculation that failing airlines, the falling pound and low consumer confidence could spell the end of holidays abroad. According to figures just released by the Lanzarote travel and property portal, Lanzarote Guidebook.
New figures just released by the Spanish airport operators AENA reveal that visitor numbers to Lanzarote fell dramatically in December. Suggesting that the credit crunch, falling pound and waning consumer confidence are now starting to eat into the overseas travel and property markets.
The population of Lanzarote, the most easterly link in the Canary Island chain, has grown by 5.6% during the course of 2008. According to figures just released by Spain´s National Institute of Statistics. And now numbers 139,506 officially registered residents. Having nearly doubled in just over a decade.
Once a vibrant holiday resort and an overseas investment hot spot the resort of Costa Teguise in Lanzarote is starting to hit the buffers.
Whilst other sectors of the Lanzarote property market have remained relatively buoyant the island’s third largest resort, Costa Teguise, is displaying clear signs of a downturn. With major new developments now sitting unoccupied and a number of estate agents closing their doors for business altogether.
