British tourist arrivals fell sharply on Lanzarote last month. According to figures just released by the Spanish airport operator AENA. As the number of UK holidaymakers visiting the Island of Fire declined by over 17% versus January 2008.
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The small Canary Island of Lanzarote has been something of a hot spot for overseas investors over the last decade. Thanks to a year round clement climate that delivers a large tourist market (over one million British and Irish visitors last year) and a twelve month holiday rentals calendar.
But as the credit crunch starts to bite back in the UK demand is starting to drop away. As British investors have traditionally been at the vanguard of property investment on the island. Accounting for around 6% of the total population – with many more owning apartments and holiday villas in Lanzarote.
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