The promenade in Playa Blanca, Lanzarote
Rent to Buy
VVO are offering a fantastic deal which could enable you to buy a property in Playa Blanca right now. With rent to buy deals becoming more popular this is an increasingly attractive option for buyers. If you are new to the island, looking to purchase at a later date, or having difficulty arranging a morgage it’s hard to see the downside of this method of purchase.
The arrangement is relatively simple. You and the developers enter into a five year agreement, at which point (or before, if it suits you) you agree to buy, and the developers agree to sell you the house. At which point all of the monies you have previously paid in rent are deducted from the purchase price of the house. The advantage for the developers is that they can look forward to a sale, the advantage to you is that once the purchase has gone through, you have already accrued equity in the property. You don’t have to buy the house if you change your mind in the meantime, and you can after giving notice, leave at any point within the five year period – though you will forfeit your deposit and rent paid during the period you have lived in the house.
Renting with the option to buy is a great way to make your dream come true now!
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Outright purchase
As with any other properties in Playa Blanca you can make an outright purchase of your new property. In doing so through us you have the peace of mind of dealing with the developers direct. Prices for the completed phase one range between 251,000 and 297,000 depending on type, position and plot size. We do everything we can to assist in ensuring your sale goes through smoothly.
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Long term rental
A number properties on the Las Velas Club development are also being offered on a long term rental basis on a two year contract. The properties are unfurnished, though the kitchens are fitted to the same specification of those properties for sale. This is an ideal option for you if you are moving to Lanzarote with your own furniture (most rental properties come fully furnished) and looking to purchase elsewhere in the medium to long term.
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