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Lanzarote Statistics and Demographics 2020
Would you like to know more about current property market conditions and trends in Lanzarote? We've put together some useful information for prospective buyers to help them in their property search. Most of this data comes from the Spanish Institute of National Statistics (INE), as well as Canarian based statistics agencies such as ISTAC (Instituto Canario de Estadísticas) and the Centro de Datos on Lanzarote.
If there's anything else you'd like to know and can't find the answers below, please feel free to contact us direct.
Population and Demographics
Lanzarote's current official population at year end 2019 stands at 152,289 residents. This is the highest figure yet recorded and represents an increase of 2.08% compared with 2018 figures, when the population stood at 149,183.
TWhile this increase is statistically small it indicates that the population continues to grow year on year and has done since 2015, after several years of relatively stable figures following the financial crisis in 2008, when the economy and number of residents contracted. Despite the popularity of Lanzarote as a holiday destination, its total population still only accounts for 4.61% of the entire population of the Canaries.
Population by Municipality
Population by Nationality (figures for 2018)
The proportion of residents of Spanish nationality has fallen slightly to 76.28% in 2018 from 77% in 2017.
British residents on the island remain the second largest national group, with 5 908 registered as living on Lanzarote. This is a very small increase in comparison with figures for 2017 (5,880) and still represents less than the numbers recorded in 2011, when there were over 8,000 British residents. Whether the effects of Brexit will significantly increase the number of applications for residency from British passport holders remains to be seen, but it is probable that the figures will rise for 2019 and 2020, as potential expats make use of the opportunity to get residency before inevitable changes in the bureaucratic process are introduced.
The small increase in the population has been mostly driven by the increase in Spanish nationals choosing to live on the island or have children here, as many of the diverse nationalities which make up the population as a whole have seen declining numbers, with less Moroccans, Germans, Colombians and Ecuadorians now living on the island. And more Italians, Chinese and East Europeans from countries that joined the EU in 2004 accounting for the small overall increase in the population.
So how much does cost to buy a property on the island? And are there still bargains to be had?
The housing market on Lanzarote is extremely diverse, with stock ranging from studio apartments in the main tourist resorts to huge country houses set in large plots of land. This diversity means that it is difficult to generalise about prices, although the last few years have seen steadily increasing prices, often at the lower end of the market, as investors have been keen to get a foothold in the holiday rental sector.
Interest in the holiday rental market has increased the cost of entry level property, especially holiday apartments or properties that could be developed to offer holiday accommodation, with the island now offering approximately 10,000 properties as tourist lets. It remains to be seen if there will be further regulation of tourist accommodation and how exactly this will be achieved.
During 2019 the prices per square metre of properties in the province of Las Palmas have been steadily creeping upwards, although by no means as high as during the peak years of 2007-2009.
|Year||Price Per Square Metre (€)|
Tourist Visitor Numbers
The total of tourist visitor numbers to Lanzarote during 2019 increased slightly in comparison with the figures from 2018, but still somewhat short of the highest figures recorded in 2017. While increases in recent years have been attributed in part to the perceived insecurity of North African destinations, such as Egypt and Tunisia in the wake of the Arab Spring in 2011, as well as the expansion of budget airline routes across Europe, creating greater connectivity with destinations in France and the UK and contributing to higher visitor numbers.
Foreign Tourist Arrivals
Foreign Tourist Arrivals in 2019 by Nationality
British tourist numbers remained fairly constant at around 46% of the total number of visitors, with numbers rising slightly between 2018 and 2019. German visitors also declined in 2019 by 5.52% in comparison with figures for 2018, but Irish holidaymakers went up by over 20,000 or 6.95% at the same time. With increases also noted in the Spanish holiday market of 36,404 more visitors in 2019 and amongst French tourists (8,227 more). Most of the other tourist markets saw declines in visitor numbers – the Dutch, Belgian, Scandinavian and Italian markets all saw lower figures of arrivals than in 2018.