Leading Spanish house builder bucks trend and reports positive outlook for Q4 2011 with sales up by 8%

With the National Statistics Institute in Spain revealing that the number of property sales declined during July, both on a year-on-year and monthly basis, leading house builder Taylor Wimpey España is proud to report an 8% increase in sales to date in 2011.

Cala Magrana offers peaceful sandy beaches, astonishing coves and crystal waters to practice all kind of water sports. The area offers a wide range of amenities giving you the chance to sample the delights of the local cuisine or explore the famous caves of Drach. There are also different types of water sports and various golf courses to try or you can simply relax by the pool and enjoy the tranquillity of the development.

 

Reviewing its performance this year so far, Taylor Wimpey España which has been operational in the Spanish market for over 50 years, has seen positive growth in international sales with a 70% increase in customer enquires compared to 2010.

 

British buyers remain the largest market at 32%, followed by the Spanish at 24%, Germans at 13% and the Russians at 9%. It is reported that clients from all nationalities are primarily seeking holiday and retirement homes as opposed to investment properties in the traditionally popular areas of Mallorca, Marbella and Alicante.

 

Ignacio Osle, Sales & Marketing Manager of Taylor Wimpey España, comments,

 

“Spain remains one of the most popular holiday and second home destinations in the world for Northern & Central Europeans. Consistently ranked number one in TheMoveChannel’s Top of the Props monthly report and one of the most searched for destinations in the recent Conti mortgage advisory survey, the demand for property in Spain is clearly evident.

 

“A combination of property price reductions, decreased supply of property in the prime locations and a steady flow of serious interest has enticed home buyers to make the positive decision this year.”

 

And indeed these factors combined with the Spanish government’s decision to reduce IVA tax by 50% and Taylor Wimpey España’s pioneering action in covering the remaining 4% due on stock properties until the end of December 2011 has resulted in the house builder being positive about its sales performance in the remaining quarter of the year.

RESIDENCIAL CALA MAGRANA, MALLORCA SPAIN Cala Magrana III is just 58 km from the international airport of Palma de Mallorca with easy access to the main European cities. Once you have arrived to Mallorca in just 50 minutes you can be relaxing on your terrace and listening to waves break against the shore. The town of Manacor is only 14 kms from Cala Magrana and is connected to Palma and other main towns on the centre of the island, by a regular train and bus service.

 

Ignacio Osle continues,

 

“Due to growing demand and very little stock availability, we have launched several new developments over the past 12 month in key areas across Spain with a total of 132 units under construction now. Despite the off plan market having reportedly gone out of favour, 39% of these properties have been sold off plan and additional new developments such as Cala Magrana III on Mallorca will be released this week to meet ongoing demand.”

 

For more information about buying a home in Spain then contact the experts Taylor Wimpey España on 08000 121 020 or visit www.taylorwimpeyspain.com. If you reside outside of the UK you will need to call 00 34 971 706 244.