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Spain is notoriously one of the most enquired about destinations for Brits buying holiday homes abroad. Whether it’s a detached villa, a stylish penthouse or simply a duplex perfect for a retreat, the Spanish second home market attracts all types but increasingly its more affluent buyers that are seeking that dream place in the Spanish sun.

Indeed, leading housebuilder, Taylor Wimpey España has seen buyer budgets’ rise over the past 18 – 24 months by an average of 10%. Today a Taylor Wimpey España home in Spain will cost on average (£350.000).

So what’s fuelling this rise in spending?

According to Taylor Wimpey España, which has been selling homes in Spain for almost 60 years, the rise is primarily accounted for by the sale of properties within more luxurious (and hence expensive) new developments to affluent overseas buyers.

Looking at the first quarter of 2017 for instance, there was an increase in customer reservations for Taylor Wimpey España’s most lavish properties such as Serenity or Casa Vinyes Hills located on the exclusive island of Mallorca.

In total, the leading British developer completed nearly 30% more properties across Spain in H1 2017 than H1 2016, and grew their order book by nearly 2%.

“Even though prices might be rising buyers are prepared to pay more as they know that Spanish property remains some of the best value within Europe. Buyers from across the globe are taking an interest in what Spanish bricks & mortar can offer, both as an investment and as a lifestyle. We are seeing more and more buyers coming to Spain with bigger budgets, looking for more luxurious and high specification homes which we at Taylor Wimpey España are more than happy to deliver.”

Marc Pritchard, Taylor Wimpey España

In terms of where these wealthy buyers are looking, the enquiries that Marc and the team at Taylor Wimpey España receive are primarily for specific, high value areas of Marbella of the Costa del Sol, Nova Santa Ponsa and Port Andratx in Mallorca and Villajoyosa on the Costa Blanca. And it is due to this growing demand that Taylor Wimpey España has launched new luxury developments in these areas.

Significant price increases have also been seen on Mallorca which is turning the heads of wealthy individuals, here the average price of properties has reached £375,000 + VAT.

“When it comes to location, one of our most popular Spanish spots with Brits is the jewel of the Mediterranean – Mallorca. Mallorquin property prices have always been on average higher than the mainland, primarily due to restrictions on land availability, but having been operational on the island for almost 60 years now, we are in a unique position to still be able to secure prime plots upon which to build the most of luxurious homes.”

Marc Pritchard, Taylor Wimpey España

This year, Marina Golf situated in south-west of Mallorca was the location of the most expensive property available through Taylor Wimpey España. Customers could acquire spacious villas from 145 m², complete with 30 m² private terrace, large gardens to enjoy warm Mediterranean evenings and a swimming pool twice the standard size. Each townhouse comprised three bedrooms and three bathrooms with air conditioning, all available from £531,000 + VAT . The most expensive one was sold at £880,000 + VAT.

In order to ensure the maximum amount of light, these properties are also southwest facing so the sun can be enjoyed for most of the day and just 30 minutes’ drive to Palma international airport.

Data from the Office of National Statistics (ONS) has revealed that Spain is home to more UK expats aged 65 or over than the UK is home to Spanish citizens.

The number of British elderly living in Spain has doubled in a decade having reached now 121,000 and with the majority of UK expats relocating to Spain for retirement, there is a steady increase in British expats receiving their state pension upon Spanish shores.

“When it comes to who is moving and living in Spain, over the last decade we have witnessed the marked growth of those of retirement age choosing to relocate. We now receive more the double the number of enquiries from this demographic than we did 10 years ago, a trend which the ONS data also reflects.”

Marc Pritchard, Sales & Marketing Manager, Taylor Wimpey España

Concerns about the freeze of state pension post-Brexit have also been wiped out as the government has stated that British pensioners abroad will continue to have their state pension increase.

And with Pension Awareness Day fast approaching, interest from British pensioners to relocate in Spain is believed by many not to slow down in the near future with many UK pensioners retire in Spain. In 2016, 40% of the 300,000 British citizens living in Spain were retired, according to ONS figures.

Leading Spanish homebuilder Taylor Wimpey España, which offers a range of second homes on Mallorca, the Costa Blanca and Costa del Sol, has also seen an increase in the number of UK buyers aged 50 – 65 years old.

“The majority of British buyers we welcome here to Spain are aged 50 – 65 years old; those who are lucky enough to have retired early but more often than not, those thinking ahead and planning for their silver years in the Spanish sun.”

Marc Pritchard, Sales & Marketing Manager,  Taylor Wimpey España

In Costa del Sol, where half of Taylor Wimpey España’s clients are from the UK, golf complex development  Horizon Golf receives particular interest from older buyers.

Located just 30 minutes from Malaga airport, ease of access from the UK is a big draw as well as the development’s extensive on site amenities including spa, hotel and golf course which  offer both the amenities and community aspects that buyers looking to relocate for retirement are often seeking.

“In response to demand from UK buyers looking for retirement properties, we are delighted to present our latest residential golf project on the Costa del Sol. Horizon Golf has the perfect environment for retirees as it offers a spa, hotel and golf course all close to the residential area. We see in FBD Hotel & Resorts a strategic partner and the signing of our fourth collaboration is further evidence of renewed confidence in the real estate market in southern Spain. “

Javier Ballester CEO at Taylor Wimpey Spain

The new Horizon Golf complex is comprised of 2 and 3 bedroom terraced apartments and 3 bedroom homes which boast breathtaking views over the famous Campo Asia golf course. Price start from £380,000 (€410,000) + VAT.

Spanish tourism continues to break records this year as INE reports that the Iberian nation welcomed over 10.5 million tourists in July 2017 – 10% more than last year’s figures. British visitors were the largest group, accounting for over 2.3 million arrivals during the month.

And as Brits return from their summer holidays to the unpredictable British weather, buying a holiday home in Spain becomes ever more tempting. The Mediterranean lifestyle, great year-round climate and cheap flights – it’s no wonder that over the last decade, Spain has been the most popular location for Brits looking to own property overseas.

For buyers, location is crucial however. Over the summer, Spain’s leading homebuilder Taylor Wimpey Espana has seen particular interest from British buyers in these four favourite spots:

1.       Torrevieja

Visitors have once again been hooked by the charms of Torrevieja, topping the list as the most popular destination for a second home this summer. This town in the southern part of the Costa Blanca, located in the Alicante province, is one of the area’s most favoured destinations with white sandy beaches, affordable holiday homes and Alicante International Airport an easy 45-minute drive away.

2.       Marbella

For those looking for the ultimate holiday home in Spain then it must be Marbella, the property hotspot on the Costa del Sol.

A firm favourite with A (to Z-list!) celebrities, sportsmen and women, entrepreneurs, couples and families alike, Marbella, just 40 minutes’ drive from Malaga airport, takes the number 2 spot.

With superb flight connections year round and even more coming (Air Baltic has announced new routes for summer 2018) not to mention luxury penthouses such as La Floresta Sur, from Taylor Wimpey España available from £180,000 + VAT (195.000€), it’s not hard to see why buyers flock here year after year.

3.       Mijas

Many holidaymakers fall in love with this holiday hotspot as they are never far from the sea or a golf course. Situated on the Costa del Sol as it has the perfect setting for capturing the international growing demand for second homes with amenities on hand.

The new Horizon Golf complex typifies the high-end properties buyers can purchase in Mijas. In partnership with FBD Hotels and Resorts, Taylor Wimpey Españahas unveiled a new phase of this development comprised of 2 and 3 bedroom terraced homes, which boast breathtaking views over the famous Campo Asia golf course. Price start from £380,000 + VAT (410.000€).

4.       Calviá 

Mallorca is a destination that has grown and grown in popularity over the years as it offers the perfect sunny escape for international holiday makers and home owners alike. The preferred holiday destination of the Spanish Royal Family and the location of numerous A-listers’ second homes, Mallorca is known for its exclusive feel.

Mallorca is also home to the Taylor Wimpey España head office and whilst the developer boasts numerous premium sites across the island, it is its properties in Calviá, in the south west corner, that have been the most requested this summer. The Marina Golf residential complex, for instance, located in the area right next to famous Santa Ponsa III Golf course and offering townhouses priced from £540,000 + VAT (590.000€). was very popular.

How long have you been on Mallorca?

I have been living here for 25 years. My very first memories of Mallorca are of a wonderful family holiday I had with my parents back in 1975. It was love at first sight, is all I can say!

What made you fall in love with the island?

There are many reasons why I fell for Mallorca; the coastline is truly stunning with amazing 200 beaches, many of which boast Blue Flags, all over the island. I enjoy spending time on Mallorca’s best beaches and doing watersports – windsurfing being my favourite.

But I must admit the passionate Mallorquin people were a key factor in choosing Mallorca as my home.

Mallorca has a special hold on me – it’s where I met my wife, started my career in property, and it’s the place my family and I call home.

Who’s currently buying in the island?

At Taylor Wimpey España we sell properties across Mallorca to a wide range of international buyers with the German, British, Swedes and Swiss being the most active, particularly buying townhouses and apartments.

As foreign investment is set to break a new record this year according to a recent JLL report, we expect the growth in international buyers to continue at Taylor Wimpey España.

What is the average price point and where do investors buy?

It depends on the area but as an average across the island, it’s currently around 415,000€ + VAT (£385,000). Our advantage is the variety and affordability of developments we offer. Bahia San Pere is quite unique on Mallorca having a superb location in the unspoiled north east and selling prices of around 215,000€ + VAT (£200,000) for a brand new, two bed apartment.

On the other hand, there are no new developments available in the hugely popular south west of Mallorca for this price at all. Prices in this area range from around 390,000€ – 940,000€ + VAT (£360,000 – £875,000) for three bed apartments or townhouses.

What has been the Taylor Wimpey España’s biggest success so far this year on Mallorca?  

It’s definitely been the sales success on all our current projects that has been the biggest achievement for us on the island so far. It has specifically been the case for the developments Marina Golf and Bahia San Pere. Having been building here for almost six decades, we know the Spanish market inside out. Thus, we are focused on offering only the properties most highly sought after by our clients – quality builds in quality locations.

What new development in the pipeline can we look forward to for the rest of this year and 2018?

We are looking to release two new developments on Mallorca this autumn. One on the east coast in Cala D’Or (two bed apartments at very competitive prices) and a further site in the south of the island for three bed detached villas, again at very competitive prices. Further to this there are a number of new sites in the pipeline for 2018.

What is your outlook on the Mallorca market in 2018?

Generally, Mallorca has enjoyed a positive 2017 so far. Property is selling steadily and in some regions, very quickly. The increase in land values linked to limited availability might have an impact on house prices but despite that, for 2018, the outlook seems steady as the island will maintain its stronghold as a highly desirable destination.

What are your top 3 tips for anyone thinking of buying a home on Mallorca?

First, buy new and from Taylor Wimpey! It’s hassle free with a 10-year guarantee just as you would have in the UK. Then I would advise any buyers to take legal advice to ensure the purchase process is smooth. Finally, it is very important to explore the island first to find out for yourself which area suits you, your family and your needs best.

MIraval, apartment for sale Mijas

Brisas de Alenda Golf – Elche (Alicante)

  • Last properties key ready
  • Exclusive 3 bedroom townhouses on Alenda Golf course
  • Alicante and Elche, beaches and airport within just a 10 minutes drive
  • Wide terraces, communal pool, garden and fenced private parking
  • Spacious and luminous rooms, with built-in wardrobes
  • Complete air conditioning instalation (Cold and heating)
  • Furnished kitchen with silestone worktop, vitro ceramic hob, electric oven, microwave and extractor fan
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apartment golf view