£30,000 for a studio apartment

I should correct the assumption in the last blog post about the man who supposedly saved £50,000 by NOT buying a property on the island.

This saving was based on the assumption that you couldn't get any property on the island for less than £100,000.

Since that post was posted, I've seen this:

http://www.lanzaroteinvestments.com/puerto-del-carmen.asp

...stating that you can get a studio apartment in Puerto del Carmen for roughly £30,000.

Alright, the man in the last post would have to take his holiday in Puerto del Carmen rather than Playa Blanca, but still...an apartment for £30,000!

You couldn't go wrong, could you?