While the whole of Europe grapples with a housing crisis and Lanzarote faces its own severe shortage of affordable homes for residents, the luxury real estate market on the island continues to flourish.
High-end properties, those priced over €2.5 million, have seen a 7% increase in availability across Spain, according to the latest annual real estate market report by Lucas Fox.
One such example is a lavish villa in Lanzarote, listed on Luxurystate.com for six million euros. Located in the prestigious Barranco del Quíquere area of Tías, the property offers unparalleled oceanfront views and embodies the epitome of exclusivity and comfort.
The villa spans 472 square metres of built space on a 2,500-square-metre plot. It includes a main house and two separate apartments, making it an ideal choice for those seeking both privacy and spacious accommodations.
Among its standout features are a private gym, sauna, and a master bedroom with a jacuzzi on the terrace, offering breathtaking sea views. The property is also equipped with advanced home automation, allowing residents to control lighting, climate, and security systems effortlessly via tablet.
A Rare Opportunity
The villa’s privileged location in a protected natural area adds to its allure. The estate agency highlights its exceptional privacy, surrounded by serene landscapes and natural beauty.
“Due to strict conservation laws in the Canary Islands, building a property like this in such a protected environment would be impossible today,” the listing states.
The Premium Market Amid Housing Challenges
As luxury real estate thrives, it starkly contrasts with the growing housing concerns faced by many Lanzarote residents. Despite the ongoing emergency in affordable housing, the premium and luxury market operates in its own sphere, catering to an exclusive clientele often beyond the reach of traditional property portals like Idealista.
This six-million-euro villa demonstrates the enduring demand for high-end properties across the Canary Islands, appealing to buyers looking for unique homes in idyllic settings, even as the archipelago faces broader housing challenges.
