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Property sales and prices in Spain are forecast to rise in 2018 as long as there are no sudden economic surprises or changes to the mortgage market.

Anticipa, one of Spain’s biggest real estate providers, expects sales to rise 9.3% next year to 526,000 units, up from 481,000 this year and 21% more than in 2016.

It is also forecasting that prices will have risen by 6.9% by the end of 2017 and looking ahead to 2018 are set to rise by slightly less at 6.1%. Even with this rise they will still be 27% below the peak of the market in 2007.

Prices for resales and new builds are expected to continue to increase by 5.8% over the fourth quarter of this year, the firm says in its latest real estate market report, but this was compiled before Catalonia declared independence and the national Government took over the running of the region.

Mark Stucklin of Spanish Property Insight, pointed out that the company’s forecast for 2018 is 85% higher than the nadir of 2013 when just 285,000 homes were sold in Spain. But as the report shows the market is still 42% below its peak of over 900,000 sales in 2006.

Building completions on new homes in Spain will also be well below their peak reached in the boom years. The report expects a total of 63,400 in 2019, compared to 62,900 in 2017.

Stucklin explained that although these figures do show a significant increase of over 48% in relation to the low of 2016 when 42,700 completed properties, volume still lies 90% below its peak.

Forecasts could be affected by what happens in Catalonia regarding the region’s bid for independent from Spain. The region is regarded as the wealthiest in Spain and its capital Barcelona has seen some of the highest property price rises this year.

With the Madrid Government having now taken over control of the regional government ahead of elections in December there is now a state of wait and see. Spain’s third largest bank Caixa Bank has already moved its registered office out of Catalonia and is likely to wait until after the regional election to announce what the future holds.

In Spain large property companies with a lot of exposure in Catalonia have seen their share prices slump. Merlin Properties and Colonial fell by 5.3% and 6.4% respectively at the height of the independence crisis.

With the Spanish property market showing strong signs of recovery once again (so far this year sales have risen by 14.7% over the same period in 2016, according to latest data from JLL), buyers are becoming more demanding when it comes to choosing what they purchase and where.

No longer satisfied with four white walls and a terracotta roof, Spanish property buyers want more from their dream home in the sun, the realise one of the true joys of homeownership – the ability to truly make your home yours by customising and personalising it to your taste.

“Buyers today yearn for something more from their second property, they want a space that they can truly make their ‘home away from home’. We have taken this demand on board and can help makes their dreams a reality by giving buyers on our newest development on Mallorca the opportunity to personalise their home before receiving the keys.”

Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España

At the new exclusive development Las Villas de Dalt de Sa Rapita on Mallorca, Taylor Wimpey España is offering buyers a wide range of customisation options for the minimialist villas located on the south coast of the island.

And it’s not only a choice of tile colours and bathroom suits on offer, Taylor Wimpey Espana has gone one step further by offering a wide selection of optional extras.

Depending upon the build stage, clients can choose to add to a swimming pool, heated flooring, air conditioning, a garage or a fireplace to their villas.

“We are open to suggestions! From minor layout changes to more substantial alterations, everything can be considered. It is part of the beauty of buying off-plan – purchasers can shape their homes to perfectly suit their needs and desires.”

Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España

With prices starting from 390.000€, the villas in the Dalt de Sa Rapita complex are situated in a beautiful spot where residents and visitors can enjoy typical Mediterranean coastal surroundings.

        Las Villas de Dalt de Sa Rápita – Mallorca

3 bedroom villas for sale in the exclusive residential complex of Dalt de Sa Rápita

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Just over a kilometre from Sa Rapita beach

Las Villas de Dalt de Sa Rapita, new exclusive development, Mallorca

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With Spain on course to enjoy another record year for tourism, it’s looking likely that the Iberian nation, just 2 hours from the UK, will remain the number one holiday choice for Brits again in 2018.

According to booking platform, loveholidays.com, demand for holidays in Spain for summer 2018 is already higher than it was for this summer. But with this huge interest Spain, British tourists might have to break the bank to afford Spanish holidays this coming year.

Experts, including the chief executive of tour operator Thomas Cook, have warned that the price of a Spanish holiday could rise by as much as 10% in 2018 due to increased demand for budget flights, the call for hotel beds outstripping supply and the fall of sterling against the euro driving operational costs ever higher.

Indeed, the Carlson Wagonlit Travel report forecasts that the cost of hotels will jump by 3.7% and flights will globally increase by 3.5% in 2018.

As peak holiday seasons get busier and more expensive, increasing tourists are missing out on first-choice accommodation in Spain and are seeking another way to guarantee their ideal holiday.

Taylor Wimpey España, Spain’s leading developer established for almost 60 years, is seeing a steady number of enquiries from Brits who traditionally holiday in Spain but now want to make that holiday a more secure and permanent experience.

“As the costs of travelling and holidaying in Spain look set to skyrocket in the coming year, the appeal of owning your own home in Spain and being sure of staying in the location and accommodation you desire is growing. There are homes for every budget here in Spain; you can turn that dream into a reality.” 

Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España

One new development, located on the ever-popular holiday destination that is the Costa Blanca, in one of the most exclusive areas of Torrevieja, is attracting plenty of attention.

From just €189,000 +VAT, La Recoleta III‘s 2 or 3 bedroom apartments boast a well-designed layout, each with a private terrace with owners able to enjoy beautiful views over the Mediterranean Sea, swimming pool and private gardens of the development.

Botanic, Benahavis, Costa del Sol

  • 3 bedroom apartments and penthouse with large terraces 
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  • Private garage space and storage room, included in price
  • High quality finishes and built in accordance to the latest European building standards
  • Energy efficiency rate: B
  • The place to disconnect and enjoy your second or holiday home !
Botanic, panoramic views
Apartments with pool