Spanish rural holiday villas are falling out of popularity, a leading developer claims.
With 80% of properties sold in Spain in 2014 being flats or apartments, according to General Council of Notaries data, the days of the rural holiday villa are numbered, according to Taylor Wimpey España.
In addition, apartment buyers want shops and restaurants and internet access just as much as beach access, says the developer, which has seen cumulative sales rise by around 28% year-on-year in July 2015.
Sales and Marketing Director says, “Buyers are much more discerning than they used to be when it comes to property type and location. Remote, isolated villas are falling out of favour as second homeowners’ demands have changed.
Almost all UK workers are entitled to 5.6 weeks’ paid holiday per year, though that can include bank holidays. With so little precious time to spare, is it any wonder that the latest survey from Staysure.com has revealed that as a nation we opt for the comfort of a known quantity when it comes to holidaying overseas?
The Staysure research has revealed that 91% of Britons prefer to visit the same holiday destination repeatedly, with one in five returning to the same place within the course of a year.
The known quantities of great weather, good food and convenient travel times were cited as the most common motivations for returning to the same place. This was weighed against the fear that a new destination would not provide as much enjoyment and result in a disappointing holiday.
With so little paid holiday available, this attitude is entirely understandable and is precisely why second homes overseas are so popular. Sales and Marketing Director of leading Spanish homebuilder Taylor Wimpey España, comments,
“When it comes to travelling overseas, most holidaymakers have a fixed idea of where they want to go and so a home from home in their favourite spot makes absolute sense.”
Taylor Wimpey España offers holiday homes in two of the locations that the survey respondents voted as being the most popular: the Spanish island of Mallorca, which took third position, and the Costa del Sol, which came in sixth.
The breakdown by nationality of sales by Spanish developer Taylor Wimpey de España gives a good idea of demand for holiday homes in Spain.
Taylor Wimpey de España, a division of Taylor Wimpey UK, is one of, if not the leading developer of holiday homes in Spain.
The breakdown by nationality of demand for Taylor Wimpey homes offers one of the best snapshots available of foreign demand for holiday homes in Spain (see pie chart above).
British demand is still the biggest market segment, with 20% of sales, followed by Germans (15%), and Scandinavians (14%). Those three segments make up 50% of the market for Taylor Wimpey homes.
Mallorca has broken more tourist records, with visitor numbers hitting an all-time high yet again this year.
Spain’s Balearic Islands have long been one of Europe’s most attractive and loved summer sun destinations. Holidaymakers from mainland Spain, along with the UK, Germany and Italy flock to the islands every year, craving their perfect balance of sun, sea and sandy beaches. Among Spanish residents, the Balearics come second only to Andalusia in terms of popular tourism destinations, accounting for 18 per cent of total bookings, according to HomeAway figures.
Mallorca, in particular, has welcomed more visitors this year than ever before, with official statistics showing an increase of 2.9 per cent year-on-year during the first half of 2015 to a total of 9.54 million visitors. Both April and May saw passenger numbers reach record levels.
The figures are good news for the island’s property market, as Sales and Marketing Director of leading homebuilder Taylor Wimpey España, explains: “More visitors arriving in Mallorca has had a positive impact on the island’s economy and has pushed up demand for second homes, with many of those who visit – myself included – falling in love with Mallorca almost on first sight.”
Taylor Wimpey España and La Cala Resort, the company behind the prestigious complex of three golf courses and hotels in Mijas owned by FBD, have signed a long-term partnership that will allow them to develop 48 apartments and 55 houses over the next five years, with a total estimated investment of €21 million.
The partnership seals La Cala Resort’s position in the Costa del Sol, not just as a golf destination but also as one of the most attractive places for international tourist to visit and reside. The three excellent 18 hole golf courses, the exclusive hotel and four-star spa, and the prime location just 30 minutes from Malaga airport provide the perfect setting for capturing the growing European demand for second homes on the Costa del Sol.
The BBC’s Travel Show heads for Costa Blanca, and visits our development at La Vila Paradis in Villajoyosa.
Watch the The Travel Show’s Ade Adepitan as he heads to the Costa Blanca 200 kilometres of Mediterranean coastline in the Alicante province of Spain, to find out if now is a good time to buy a holiday home.
It looks like Spain’s hopes for a record summer are well on the way to being realised and this tourism season it is the Brits who are ready with the readies. Official government figures for April showed that UK travellers spent in excess of €1 billion in Spain, making up 19.5% of the overall visitor spending figure of €5.155 billion.
Many of those travellers are regular visitors to Spain, which is a popular destination for second homes, particularly amongst British buyers. Sales and Marketing Director of leading homebuilder Taylor Wimpey Espana, comments,
“Spain offers British buyers everything they are looking for from a holiday home location – it’s a short flight from the UK, the weather is fantastic, there are more Blue Flag beaches here than anywhere else in the world and the cost of living is low compared to the UK. It’s a winning combination, particularly with pounds stretching even further thanks the exchange rate at present.”
Spanish property sales have risen to a three-year high, according to new figures, as foreign demand continues to soar, driven by attractive prices and exchange rates.
The imbalance between new property and existing homes is echoed by Spanish notaries too, whose latest report says that sales rose 8.4 per cent year-on-year in May, with resales rising 14.5 per cent and new home sales falling 21.5 per cent.
Sales are primarily occurring in markets popular with foreign buyers, such as Barcelona (sales up 17 per cent), Catalonia (13 per cent) and Malaga (10 per cent). Indeed, the market’s recovery is increasingly dependant on overseas demand, as extremely affordable conditions attract more investors aiming for holiday home bargains, even as unemployment and a high level of supply hinder domestic buying activity.
Sales and Marketing Director of leading homebuilder Taylor Wimpey España, comments: “Spain offers British buyers everything they are looking for from a holiday home location – it’s a short flight from the UK, the weather is fantastic, there are more Blue Flag beaches here than anywhere else in the world and the cost of living is low compared to the UK. It’s a winning combination, particularly with pounds stretching even further thanks the exchange rate at present.”
BBC’s The Travel Show has been enjoying the Spanish sunshine in Alicante of late, documenting the rise of holiday home buyers on the Costa Blanca and featuring leading homebuilder Taylor Wimpey España.
The BBC crew was keen to tap into the local knowledge and expertise that the Taylor Wimpey Espana team has built up through their five decades of successful property development on the Spanish Costas.
The BBC crew filmed at La Vila Paradis, Taylor Wimpey Espana’s beautifully landscaped development of apartments and townhouses, with views across Paraíso Beach and the sea. The gated development boasts swimming pools, private parking and communal gardens and is one of the most sought after properties on the Costa Blanca. Prices start at €260,000.
For The Travel Show, Sales and Marketing Director of Taylor Wimpey Espana, was interviewed by presenter Ade Adepitan on the subject of Spain’s resurgence in home sales, particularly on the Costa Blanca. Ade is well known for his spearheading of the London 2012 Olympic/Paralympics and has now turned his hand to travel presenting.
The programme is set to air on 25 July 2015 and is expected to further boost interest in the Costa Blanca and surrounding regions. Taylor Wimpey Espana’s Marc Pritchard observes,
“TV travel programmes like this are a great way to promote an area and showcase it to prospective new holiday home owners. The Costa Blanca is one of Spain’s perennially popular sunspots and it’s fantastic to see its success being celebrated once more. It is also great to know that Taylor Wimpey Espana’s expertise is of sufficient value that our views were sought out as part of the show.
“Developments like La Vila Paradis are built with holiday home owners in mind, so they take account of everything that buyers are looking for. From easy beach access to a good range of local amenities, their location is carefully chosen, while facilities and build quality on site are second to none.”
You grow up, get married, buy a house and have 2.4 children. At least that’s how things used to work. These days an increasing number of young (and indeed not so young) couples are having to make a choice between their dream wedding day and their dream of owning their own home.
Statistics show that…
• Average UK wedding now costs £20,983 (You and Your Wedding)
• 47% of women and 48% of men aged 20 will never marry (The Marriage Foundation)
• Average UK first time buyer needs income of £41k, while average wage is £22k (KPMG)
Sales and Marketing Director of leading Spanish homebuilder Taylor Wimpey España comments,
“A wedding in the Spanish sunshine is a lovely idea and can be cheaper than getting married in the UK, but many couples are still having to chose between that and using their cash as a deposit. The reality is that pragmatism has to come before romance in many households these days. For couples in Spain, the ING survey showed that 70% would rather spend their money on a house than on their wedding day – higher than the European average of 60% and the UK average of 67%.”
The €18,000 cost of a Spanish wedding would serve well as a deposit on a seafront apartment at a development like La Recoleta III, on the Costa Blanca, or perhaps an exciting renovation project with two houses and land in neighbouring Portugal.