Leading Spanish home builder Taylor Wimpey España has reported a 100% increase in sales of its Costa del Sol properties to British buyers over the past year.
The charms of the area’s stunning beaches and golf courses have eclipsed buyers’ Brexit worries, leading to a surge in interest in Spanish second homes on the Costa del Sol.
“A number of factors are at play here. On the one hand, we’ve seen a relatively stable GBP/EUR exchange rate over the last several months. At the same time, interest in the Costa del Sol in general is rising. Then there are the age-old attractions of the area’s pristine beaches and golf courses. All of this is excellent news for the local tourism sector.”
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España
The Taylor Wimpey España team believes that the exchange rate is key to the resurgence of British buyers. According to xe.com, the past 90 days have seen just 0.32% volatility in the GBP/EUR exchange rate, from a low of 1.12014 to a high of 1.15801. The result is an increase in British buyer confidence.
Also relevant is BBVA bank’s forecast that Spanish property prices will rise by 5% over the course of 2018 – double the rate of price growth achieved in 2017. As such, many buyers are looking to buy into the market sooner rather than later, to ensure they receive maximum value for money. Others are looking to their Costa del Sol second home purchase for fairly rapid capital growth (as well as the ability to use the property whenever they wish).
“We’ve seen a sustained increase in British buyers on the Costa del Sol over the past year. The exchange rate has a huge influence over such matters. We’ve also seen a 15% increase in the number of property reservations across mainland Spain and the Balearic Islands as a whole, with reservations now at their highest level for seven years.”
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España
The impressive figures coincide with the CEO of Costa del Sol Tourism, Jacobo Florido, announcing the “most important summer” of the region’s history.
Both tourist numbers and income are projected to grow by 2% during the year – and that’s following a record year in 2017, when 12.5 million visitors arrived in the Costa del Sol, up 6.4% compared to the year before. An additional 80,000 visitors from the UK certainly helped to bolster the figures.
When it comes to second homes on the Costa del Sol, buyers are spoiled for choice, thanks to Taylor Wimpey España’s extensive collection of terrific properties there.
In Marbella, Royal Banus properties are available for purchase from €490,000 + VAT, while homes at Le Caprice – at the Westin La Quinta Golf Resort in Benhavis – are priced from €550,000 + VAT. Both sites feature homes built to exacting standards and with impressive interiors. Outside space (in the form or balconies and gardens) is a given, while communal pools and gardens complete the offering.
For those with a more modest budget, Grandview at La Cala Golf Resort, and Estepona’s lush, tranquil Green Golf, showcase the Costa del Sol’s attractions. Priced from €287,000 + VAT and €340,000 + VAT respectively, the resorts offer stylish, contemporary homes with superb views and excellent local facilities. Their combination of pools, gardens and golf has proven popular with British buyers and looks set to continue doing so over the course of the Costa del Sol’s “most important summer” ever.
For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.
