Affluent British citizens are looking to place their money outside of the UK, in Spanish property, with view to Brexit in April 2019. Spain is deemed a safe heaven and we expect to continue to see greater number of purchasers at this higher price point
Agents and builders are also recorded positive growth in the Spanish market. Taylor Wimpey Espana has reported a 13% increase in demand during 2017 up to the beginning of November compared with the same period on 2016, the biggest growth in the last six years.
Spending Christmas in Spain is often a driving factor for many people looking to buy a new home in under the Spanish sun with a rise in the number of properties sold in the run-up to the festive period registered by Spanish house builder Taylor Wimpey España.
Off-plan sales are back in fashion, reports the Spanish property portal Idealista, as demonstrated by Taylor Wimpey’s Botanic development on the Costa del Sol, where 74% of sales were off plan.
Taylor Wimpey Espaná has announced that the company has seen continued growth in the Spanish housing market with a total order book, as of 5 November 2017, standing at 388 homes.
Taylor Wimpey España has seen buyer budgets’ rise over the past 18 to 24 months by an average of 10 per cent. Today a Taylor Wimpey España home in Spain will cost on average (£350,000). In total, the leading British developer completed nearly 30 per cent more properties across Spain in H1 2017 than H1 2016, and grew their order book by nearly 2 per cent.
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.
Marbella and Mijas are in the top three, only beaten by Torrevieja, in Alicante, according to leading homebuilder Taylor Wimpey. While, Torrevieja topped the charts thanks to its beaches and affordable homes, Marbella and Mijas were very close behind.
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.
Taylor Wimpey Espana:“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 than double the number of enquiries from this demographic than we did 10 years ago, a trend which the ONS data also reflects.”
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.
The new Horizon Golf complex typifies the high-end properties buyers can purchase in Mijas. In partnership with FBD Hotels and Resorts, Taylor Wimpey Espana has 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.