It’s no secret that Spain’s tourism sector is on course to have yet another record-breaking year. Always a firm favourite with visitors from around the globe, it seems those holidaying in the European hotspot are now returning home having purchased their very own Spanish bricks & mortar.
The latest data released from Spanish property portal Kyero.com highlights the paralleled growth between tourist visits and house sales.
Thanks to the increasing number of tourists keen to experience all that Spain has to offer, Kyero.com predict that house sales too will rise this year (2016), a substantial 11% in comparison to last year. Indeed the volume of visitors to Spain has already reached a record high, as 10.1 million tourists arrived during August 2016; a 5.8% increase on the same month last year and according to the National Statistics Institute.
And it is the demand for Spanish property from overseas buyers that continues to flourish. According to Property Registrars, an impressive 17.5% of property bought in Spain was by foreign investors during the first half of 2016. The market share of foreign buyers in Q2 was 13.4%, almost a record high, with British buyers being the largest group with 20% of the foreign buyer market.
With tourist figures and house purchases set to thrive simultaneously, Marc Pritchard, Sales and Marketing Director of leading Spanish homebuilder
Taylor Wimpey España, shares his optimism for Q4 2016 and into 2017 commenting,
“As a holiday destination, Spain is more popular than ever and an increasing number of those visiting are falling in love with the country and looking to acquire a more permanent position there. For the majority of European second home buyers, Spain is considered a short-haul destination and therefore an ideal location for a holiday property.”
During August, according to the Spanish Central Statistics Unit, almost 8 million tourists chose a short break in Spain, a significant increase of 16.9% from last year. This growing popularity of shorter visits to Spain will further strengthen the holiday home market, with the ease of flying to Spain for a long, sun filled weekend of culture and relaxation allowing buyers to make the most of their second property year round.
Marc continues, “We have definitely witnessed an increase in visitors to Spain in short bursts and those who like to enjoy the country for long weekends. The demand for short breaks away means that the convenience of a second home that is ready and waiting for that stress-relief weekend in the sun is a highly attractive option.”
A gorgeous example of an ideal Spanish second home is available through Taylor Wimpey España. Panorama Mar is a new frontline development situated on Punta Prima Beach in Torrevieja. This private residential complex offers an array of 2 and 3 bedroom apartments, all designed for both comfort and convenience, with 2 bathrooms and an underground parking space. Each apartment in the first phase is south facing and therefore blessed with spacious terraces and stunning views over the Mediterranean Sea.
With prices starting from just €234,000 +VAT, every resident will be able to use the three communal swimming pools and Jacuzzi facility, as well as direct access to the beach promenade. Whilst being an area of natural beauty right on the waterfront, Punta Prima is also blessed with excellent transport links. The San Javier Airport in Murcia is only a 30-minute drive and Alicante’s International Airport is just 45 minutes away. Both local airports offer a varied choice of direct flights to the UK and Europe, perfect to facilitate that short weekend break in the Spanish sun.
