The booming Balearics are leading Spain’s property recovery this year.
New figures from the National Institute of Statistics (INE) show that sales on the islands have surged 39 per cent in 2016, leading the rest of the country’s ongoing recovery. Indeed, 33,390 home sales were recorded in the country’s property register in June 2016, up 21 per cent compared to June 2015 and the fifth month of double-digit growth in a row.
The only negative figure was for sales of new build homes, which dipped 1 per cent year-on-year after two months of growth, although construction in Spain is climbing, while developers such as Taylor Wimpey reported rising sales in April 2016 compared to last year.
The builder is primarily focused on the Costa del Sol this year, with its recently launched Horizon Golf development. With the Costa del Sol welcoming 1 million visitors in May, up 11.8 per cent from last year, the builder is confident in the area’s international appeal.
Marc Pritchard, Sales and Marketing Director for Taylor Wimpey España, comments: “The Costa del Sol has always been a popular destination with second home buyers and its scenic golf courses and idyllic climate only enhance it as a favourite, not only in Spain but in mainland Europe. We are delighted to launch the newest property options available within our Horizon Golf development and look forward to introducing prospective buyers to all that La Cala Resort has to offer.”
With its picturesque scenery, it’s unsurprising that Mallorca is popular with kings, queens and Hollywood stars. Do you want to live like a royal? Buy an overseas property in the beautiful island to enjoy the gems it has to offer.
Mallorca, a Balearic Island, has attracted the world’s rich and famous for centuries. From Agatha Christie, to Grace Kelly, to Kate Moss, the postcard-esque island has become a popular setting for those in the spotlight to become inspired and take some downtime.
For those looking to live like a royal and buy their own home in beautiful Mallorca, Taylor Wimpey España has an array of properties to choose from.
Its Marina Golf complex is less than 30 minutes from the capital of Palma, and is located next to the famous Santa Ponsa III Golf Club.
The new, Mediterranean-style village has spacious, three-bedroom townhouses with private terraces, gardens and private parking spaces. In the communal area, there is a swimming pool for the exclusive use of property owners, surrounded by a solarium area with views over the golf course and a large communal garden. There are also changing rooms, showers and toilets.
With the Summer Olympic Games in Rio now in full swing, it is inevitable that many of us have caught the fitness bug. The sporting stars of Team GB have already motivated us to get involved but to follow in their footsteps and become the next gold medalist it is important to have top class facilities close-by both at home and away.
The first success story for Team GB in Rio 2016 was in the pool with Adam Peaty breaking the world record to win gold in the 100m breaststroke. Those inspired to emulate the 21-year old’s achievements can combine training with this year’s summer holiday as T3, Tenerife Top Training, boasts an Olympic-sized swimming pool.
Golf is another key discipline to watch this year as it has been classed as an Olympic sport for the first time in 112 years. Known as the ‘Costa del Golf’, Spain’s southern coast is the ideal location for those looking to perfect their swing. Situated in the beautiful Valley of Mijas, Horizon Golf is Taylor Wimpey España‘s second development at La Cala Resort within the complex’s famous Campo Asia golf course.
The Balearic island has recorded the largest year-on-year growth of any Spanish destination, with property sales rising 39%, according to the National Institute of Statistics.
Meanwhile, tourists are also looking to get their Mallorcan fix, with Palma de Mallorca ranked as the third most searched destination in Europe, according to Global Travel Insights.
Marc Pritchard, Sales and Marketing Director for Taylor Wimpey España, is delighted that Mallorca is doing so well.
“We have certainly experienced a growing interest in property on Mallorca as it becomes a prominent must-visit destination on the international stage,” he said.
Spanish holiday-home builder Taylor Wimpey España say they “remain cautiously optimistic” for the future of Spain’s real estate landscape, and expect to make “good progress for the year as a whole.”
The company, which is part of the UK’s Taylor Wimpey group, and has been building homes in Spain for over 50 years, has released figures showing a substantial increase in their total order book, as at 3 July 2016, of 29.5% to 399 homes.
Selling prices for new-build Spanish properties have risen by more than 20 per cent in the last year.
The increasing average amount being spent on new properties indicates a “revitalised confidence” in the market that the developer predicts will continue in the coming months, with valuation firm Tinsa also showing that the average price of a home in Spain grew 0.8 per cent during Q2 2016.
Javier Ballester, Managing Director for Taylor Wimpey España, comments: “A growing number of buyers are purchasing properties at higher prices, which emphasises the fantastic news that the Spanish market is on a positive trajectory. The strength of our order book continues to build and we would expect the second half of 2016 to be just as exciting and rewarding, if not more so.”
International property buyers are becoming choosier when buying in Spain, says a top agency.
That is why Lucas Fox International Properties is launching five designer bespoke homes, Anamaya Villas, on the Costa Del Sol, in the prime residential area of Nueva Andalucia.
There has been growing demand for high-quality designer properties on the Costa del Sol during the last two to three years, particularly from France, Scandinavia and the Benelux countries, but also increasingly from the US and Middle East, says Lucas Fox.
Leading Spanish homebuilder Taylor Wimpey España agrees that buyer interest is rising. Sales & Marketing Director, Marc Pritchard, says, “Momentum is definitely building within the Spanish property sector and I think we can say that this season, in all terms, is looking to be one of the best in many years, if not the best ever for Spain and the Islands.”
Taylor Wimpey Espana’s has just launched Panorama Mar, on Punta Prima Beach close to Torrevieja. A Joint Venture project with Grupo Gomendio, this private residential complex offers two and three-bedroom apartments starting from €234,000+VAT.
Spain is now among the world’s top 10 countries for real estate investment, according to a new report by Ernst & Young.
As the Spanish summer heatwave continues, so too does the growing optimism surrounding its real estate market.
The Real Estate, Hospitality and Construction Capital Confidence Barometer report revealed Spain climbed seven places to be ranked ninth among the top countries of greatest interest to investors looking to make an acquisition in the upcoming months – above destinations such as France and Italy.
Marc Pritchard, Sales & Marketing Director for leading Spanish homebuilder Taylor Wimpey España, joins those who are confident in the future of Spanish real estate.
“Momentum is definitely building within the Spanish property sector and I think we can say that this season, in all terms, is looking to be one of the best in many years, if not the best ever for Spain and the Islands,” he comments.
Leading Spanish homebuilder, Taylor Wimpey España, has revealed today that they ‘remain cautiously optimistic’ for the future of Spain’s real estate landscape and expect to make ‘good progress for the year as a whole.’
The company, which has been building homes in Spain for over 50 years, released figures that show a substantial increase in the total order book, as at 3 July 2016, of 29.5% to 399 homes.
Taylor Wimpey Espana, offer a beautiful selection of properties on Mallorca with something to suit the requirements of each individual. Their most recent addition to the landscape is the gorgeous Bahia Sant Pere. The development is a Mediterranean-inspired residential complex situated in the traditional north east coastal village of Colonia de Sant Pere, perfect for those wanting a more rural escape for their second home.
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