This summer has seen Brits heading abroad in their droves to take advantage of cheap sunshine breaks in the Costas. But it seems that Spain isn’t the cheap holiday destination that once it was, with recent data from the National Statistics Institute revealing that the price of hotels in the Iberian country has risen by 22.6% so far this year. Additional figures from the Consumer Price Index showed that the month of July alone saw an 8.3% increase in the price of hotels and other accommodation.
To beat the hotel price rises, an increasing number of clued up holiday makers are turning to investment in a second home in Spain as an alternative means of enjoying the Costas at their best. The Costa Blanca in particular has proven popular with both holidaymakers and foreign investors. In fact, according to data from the National Statistics Institute, Alicante absorbed almost 40% of total purchases made by foreign European buyers during H1 2014 – 4,267 homes in total – while Alicante-Elche airport recorded its busiest ever month in August, with passenger numbers in excess of 1.2 million.
As well as providing an alternative to hotel accommodation, holiday homes in Spain are used by many families as a means of building something up as an investment for future generations, as well as a potential retirement property in the more immediate future. Marc Pritchard, Sales and Marketing Director of established homebuilder Taylor Wimpey España, which specialises in developing luxury accommodation in key areas of Spain, explains,
“Many of our buyers are thinking way beyond their immediate desire for a holiday home. They are seeing their purchase as a nest egg for their retirement, or as something that their children and grandchildren can benefit from. Second homes provide a lifestyle benefit that multiple generations of family can enjoy.
“This summer here at Taylor Wimpey España we’ve noticed a particular increase in sales of holiday homes within the Costa Blanca. Our La Vila Paradis and La Recoleta developments are answering many would-be holiday home owners’ dreams by providing then with luxurious properties in prime locations.”
Located in carefully selected spots on the Costa Blanca, both developments offer beachfront accommodation that has been designed with owners’ comfort and luxury in mind. The two and three bedroom apartments at La Recoleta cost from just €142,000. The resort’s Mediterranean style buildings, wide avenues leading down to the sea and immaculate garden areas are complemented by a large swimming pool that is perfect for family fun.
Over at La Vila Paradis, sea views are the order of the day, with the gated development including two and three bedroom apartments as well as three bedroom townhouses. A communal swimming pool and landscaped gardens complete the site, while individual properties benefit from private gardens or terraces, depending on their position at the site. Prices begin at €245,000.
For more information please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.
