Vacation rentals continue to be a mixed bag in Lanzarote. Meanwhile, it is emerging as an increasingly established market and concentrates annual revenues of 227 million euros (with data from the Canary Islands Institute of Statistics of 2024), it is also one of the main causes of rising housing costs, as some of the properties initially intended for the rental market have moved to the tourist market.
With figures up to February 11, collected in Canarias Datos Abiertos, a website that the Government of the Canary Islands updated daily until two weeks ago, Lanzarote has 9,681 properties registered in the General Tourism Registry, a mandatory requirement to exploit a property for tourism purposes on a vacation basis.
According to the Tourist Accommodation Survey carried out by ISTAC, of these, between December and January a total of 7,806 properties were available for new reservations. In total, in the 31 days of January, 7,522 vacation rentals were booked at least once, i.e. 96% of those available.
The vacation rentals available in Lanzarote during the first month of the year concentrated 36,384 places. Tourists who chose to stay in tourist homes stayed for nearly five days.
