27.8% growth in foreign property investment a sure sign of Spanish market revival

Foreign investment in Spanish property grew in 2011 according to figures from the Bank of Spain. After surging by 27.8% through September over the same period in 2010 which experienced a mere 2.6% growth, overall transactions reached 3.6 billion euros with the Bank of Spain reporting that these investments exceeded 1 billion euros for three consecutive quarters, something not seen since 2008.

Marc Pritchard Sales and Marketing Manager of Spain’s leading house builder Taylor Wimpey España comments,

“Foreign investment into Spain has been very changeable in recent years. It progressively declined between 2003 and 2006 only to increase in 2007 however, the upward trend was cut in 2008, during the economic crisis seeing foreign investment fall. However, the news that foreign investment in once again up is a sign that property market conditions are improvingwith property purchases in the third quarter of 2011 increasing by 19.2% over the same period of 2010, amounting to 1.1 billion euros.

“The increase in Spanish property sales seen in the last quarter of 2011 has spilled over into 2012 as international bargain buyer’s hunt down the best Costa deals with Germany and Nordic countries outspending the Brits, who have been a little slow in spotting new opportunities.”

Nevertheless, the euro’s depreciation against the pound could mean that there will be numerous opportunities for Brits to expatriate to Spain in 2012 with Pritchard stating: “As Spanish propertyseems more affordable in the eyes of British buyers there now seems to be a slow but sure increase in the demand for villas and apartments along Costa shorelines.”

For those who are thinking about making a Spanish property purchase this year why not take a look at what Taylor Wimpey España has to offer in 2012.

The new Lagunas del Sol development, a residential complex set in a beautiful rural area and located close to the heart of Ciudad Quesada / Rojales is made up of townhouses designed in a natural setting and very close to the beautiful beaches that this area is famous for.

The properties have been built on two floors with 2 or 3 bedrooms, a garden, private parking and outstanding views towards the swimming pools and gardens available now from €114,920.

The Calpesol residential complex in Calpe, Costa Blanca perfectly matches buyer’s needs. Comprised of stunning houses with gardens, this development affords communal swimming pools and three bedroom and two bathroom properties with roofed sun terrace and private parking costing from just €165,000 + NO VAT until 29^th February 2012. Last unit available.

The private complex of beautiful 3 bedroom townhouses of Las Brisas de Alenda is located in the peaceful and quiet area adjacent to the Alenda Golf Course while the wonderful beaches of the Costa Blanca are just a 15 minute away.

The Brisas de Alenda Golf complex has generous private gardens, a communal swimming pool and a club house as well as a gym, bar and restaurant costing from just €189,000 + NO VAT until 29^th February 2012.