The Spanish property market continues to perform strongly overall, according to the findings, with local demand and foreign demand nearly neck and neck.

The famous holiday resorts of the Costa del Sol and Costa Blanca remain particularly popular among overseas buyers, with figures from the Association of Spanish Land Registrars revealing that foreign purchasers now account for nearly 13% of Spanish property purchases.

“Foreign buyers play an important role in the Spanish property market,” Marc Pritchard, sales and marketing director of Taylor Wimpey España, said.

“Right now, we’re seeing both local demand and foreign buyer demand increase, which is excellent news for the health of the overall market. In terms of foreign buyers, new build homes in sunny, well-established coastal areas are some of the most sought-after properties.”

Overall, foreign buyers purchased 17,338 properties in Spain in the second quarter of 2018, with 2,590 of these purchases made by British buyers. The next biggest group of overseas buyers were the French, who bought 1,315 Spanish homes.

Typically, tourism numbers and overseas buyers purchasing Spanish property tend to be interlinked, with people holidaying in the country first before later deciding to buy a home there. Data from the Spanish National Institute of Statistics (INE) recently revealed that in the first nine months of 2018, 66.2 million foreign tourists visited Spain, spending 2.5% more than in the same period of 2017.

https://www.propertyinvestortoday.co.uk/breaking-news/2018/11/brits-remain-top-overseas-buyers-of-spanish-property

Leading Spanish homebuilder Taylor Wimpey España reports that the Costa del Sol and Costa Blanca remain firm favorites with foreign buyers, as figures from the Association of Spanish Land Registrars show that foreigners now account for almost 13% of Spanish property purchases. Overall, the Spanish property market continues to perform strongly, with local demand and foreign demand almost neck and neck.

“Foreign buyers play an important role in the Spanish property market. Right now, we’re seeing both local demand and foreign buyer demand increase, which is excellent news for the health of the overall market. In terms of foreign buyers, new build homes in sunny, well-established coastal areas are some of the most sought-after properties.” Tourism numbers and foreigners buying Spanish property tend to be interlinked. After all, the more people who visit Spain and fall in love with its culture, cuisine, beaches and more, the more there are who yearn to own property there. In the first nine months of 2018, data from the Spanish National Institute of Statistics (INE) shows that 66.2 million foreign tourists visited Spain, spending 2.5% more than in the same period of 2017.

 http://thepropertytimes.in/spanish-property-market-show-strength

Taylor Wimpey España is going for gold on the Costa del Sol. The Spanish subsidiary of the British real estate group, which specialises in second homes for foreigners, has invested €68 million in the launch of several residential developments along the coast of Málaga. The company has started construction of projects such as Horizon Golf, a complex comprising 55 terraced houses in Mijas; Grandview, a complex comprising sixty lofts and apartments, also in Mijas; Green Golf, a residential development comprising 48 terraced houses in Estepona; and Pier Sotogrande, a residential complex comprising 64 apartments in Sotogrande, in Cádiz. https://www.auraree.com/real-estate-news/taylor-wimpey-espana-invests-e68m-in-several-developments-on-the-costa-del-sol