Where can you find great value investment properties which earn rental income all year round? The Canaries – which are seven Spanish islands located off the coast of West Africa – deliver all this and more, making them the obvious choice for anyone planning to buy a property overseas.

Of these seven islands Lanzarote is located closest to the African coast, boasting an eerie volcanic landscape, close to 100 golden sand beaches and a highly developed tourist industry that welcomes over 1.5 million foreign guests every year. So creating the ideal pre-conditions for a successful holiday rental programme.

As a result many buyers of property in Lanzarote are seeking apartments or villas that they can rent out to tourists. And there are plenty of properties available in all of the main resorts that are just ideal for this purpose. Many of which are now available at prices much lower than prior to the crash. Meaning buyers can now pick up a genuine bargain.

Where´s the best place to find these properties? The island´s premier property portal is www.yourlanzaroteproperty.com and it features a selection of properties from all of the island’s leading estate agents. Giving prospective buyers somewhere to view a representative sample of what´s available all under one roof. A much better and safer route than working with one of the many estate agents in Lanzarote who will only want to push their own portfolio.

Where are the best places to buy? That very much depends on the nature of your investment. If you are seeking a holiday rental property then it obviously makes sense to buy in one of the main resorts, which are Puerto del Carmen, Playa Blanca and Costa Teguise. If you are looking for retirement property then you may well want to be away from the resorts, in one of the many pretty towns and villages peppered around the island. Such as Yaiza, Teguise or Haria.

There are many plus points to relocating to Lanzarote. The island benefits from a much lower cost of living than the UK – and at the same time also boasts a much better quality of life, thanks in no small part to the weather. The UK is just a four hour flight away and although the island is small it is uncrowded as there are only 140,000 residents. About 5% of these are British in origin, with Latins and Africans accounting for sizeable groups of expatriates too.