A visit to Arrecife? Capital idea!

Posted by Jonathan Broom on 22 May 2018
Related property: Santa Rosa
A visit to Arrecife? Capital idea!

Santa Rosa is part of the Holiday Property Bond portfolio offering exclusive access to over 1,400 properties to its 42,000 investors across more than 30 locations. You can find out more about Santa Rosa here, but first some important information about the Holiday Property Bond. It is designed to provide holidays for life but it is an investment product so subject to charges, your capital is at risk and you may not be able to cash in during the first two years. For further details please read "How HPB Works"

Holidaymakers flying into Arrecife airport en route to Santa Rosa may not wish to loiter in the city. There’s unpacking to be done; the ‘dust of the road’ to be showered off; perhaps a nap to be taken; and the delights of Santa Rosa and its surroundings to be explored and enjoyed.

But sometime during your sojourn, it’s well worth setting aside a day – or part of a day – in the diary to discover Lanzarote’s capital.

Or should that be, new capital? Newish, anyway. The port city started life as a small fishing village, owing its very existence to its proximity to Teguise, the ancient capital (not to be confused with Costa Teguise, where Santa Rosa is located). Over time Arrecife’s star ascended as Teguise’s waned, until the city assumed the role of capital in 1852.

Today, Arrecife is home to around 45,000 people, about 50% of Lanzarote’s total population – a lively, cosmopolitan metropolis replete with culture and history...

...and shops. The place is stiff with retailers; but the long pedestrianised road called Calle Léon y Castillo plays host to a particular concentration. It’s a shopper’s heaven.

But if that’s your idea of hell, don’t let it discourage you from visiting: Arrecife has other attractions.

Like most ports, Arrecife has a vibrancy that you simply don’t get in an inland city. For centuries, Arrecife was the main port gateway to the island due to its proximity to Teguise and its natural deep-water harbour at Los Mármoles — now home to the city’s ferry and container ports. Incidentally, Arrecife is also home to the biggest fishing fleet in the Canaries.

Throughout the 17th and 18th Centuries the ports of the Canary Islands in general and Lanzarote in particular were plagued by pirate raids, and Arrecife was attacked with monotonous regularity.

Today the legacy of those incursions can still be seen in the two squat castles that stand guard over Arrecife’s natural harbour – low on beauty, high on fortification:

the Castillo San Gabriel, dating from 1590 and now home to a museum dedicated to the history of Arrecife;

and the Castillo San Jose, originally built not just to repel pirates but also to alleviate poverty on the island in the wake of the major volcanic eruptions of the 1730s, as a result of which it became known locally as the ‘Fortress of Hunger’.

The latter castillo is still feeding folks to this day, as it’s now home to a chic restaurant designed by César Manrique (whose life and times are chronicled in a previous blog, which you can find by clicking here), as well as the island’s small but esteemed Museum of International and Contemporary Art.

If you’re creatively inclined, you may also want to check out the Centro Insular de Cultura El Almacén. The one-time Arrecife School of Arts and Crafts was bought by Manrique in the early 1970s and reopened as a ‘multidimensional centre’ dedicated to many aspects of contemporary culture. Today the centre hosts major art exhibitions and movie screenings.

Though actually, Arrecife is one of the few places on the island that is largely Manrique-free. Whether you view that as a good or a bad thing depends on how you feel about the work and the (almost) all-pervading influence of Lanzarote’s most famous son. It should be acknowledged, however, that Arrecife is not especially quaint, or easy on the eye – though there are quiet, atmospheric parts:

and it has a very picturesque hub, concentrated around El Charco (the puddle)

and the main seafront promenades and parks.

Arrecife also has its own beach, Playa del Reducto, with golden sand and tepid, tranquil waters.

A lovely promenade runs all the way from this area to the city’s second beach, Playa del Cable, 1¼ miles further west.

But it’s the city’s mix of old and new that appeals. Arrecife is a lively port city, shaped both by its seafaring past and its current, rapid regeneration, with shopping galore, beaches, parks, promenades, nightlife and all the urban hustle and bustle that goes with it. Not particularly restful, but well worth a visit.

Jonathan Broom

Jonathan Broom

How can I find out more?

The Holiday Property Bond could do as much for your quality of life as it has done for many thousands of families who have already invested. That's why we invite you to get in touch with us in any of these 3 ways and please don't forget our unique 'Money back promise' and 'interest free loan' options.


We're so confident you'll be delighted with HPB
that we offer you a 'Money Back Promise'!

In regular surveys, Bondholders tell us how happy they are with HPB holidays. That's why we feel confident in giving you the extra reassurance of our unprecedented 'Money Back Promise':

If you take your first HPB holiday within three years of investing and are not, for any reason, entirely happy, you can apply to cash in your HPB investment within 14 days of your return. Whatever the encashment value, the parent company of the issuer of HPB will make up any difference so that you get back the full amount of your original payment, including charges.

This offer applies to a holiday at any HPB owned property which is taken by at least one of the Bondholders themselves.

Full details of the offer will be provided before you invest.

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Please read "How HPB works" and then we will be delighted to send you our brochure, including our property portfolio, along with our full length DVD introduced by Bondholder Sue Barker and a list of forthcoming Open Days and Exhibitions. See the beautiful holiday homes and magnificent locations where you can spend your holidays as a Bondholder.

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This advertisement is issued by HPB Management Limited ("HPBM") registered at HPB House, Newmarket, Suffolk, CB8 8EH. HPBM is authorised and regulated by the Financial Conduct Authority and is the main UK agent and the property manager for HPB, issued by HPB Assurance Limited ("HPBA") registered in the Isle of Man and authorised by the Financial Services Authority there. The Trustee of HPB is HSBC Trustee (C.I.) Limited registered at HSBC House, Esplanade, St Helier, Jersey, JE1 1GT. The Securities Manager is Stanhope Capital LLP of 35 Portman Square, London, W1H 6LR.

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