Despite the economic downturn, searching for property abroad is at a record high as Britons look to ride out the storm in sunnier climes.
According to research from property website Primelocation, internet searches in Britain for property abroad are at a record high, up over 100 per cent from this time last year.
Data from the company’s international search index shows that searches for property in Spain increased the most. Last month, there was a 151 per cent increase in searches compared to June 2009, and the country accounted for nearly a third of searches overall.
Despite a potential rise in capital gains tax and a precarious economic situation in southern Europe, investors appear to be taking a long term view on the market, while hoping, in the short term, to take advantage of a weaker euro.
Ann Wright, International Development Manager of Primelocation International, said: “While the market in Spain has suffered from some bad publicity recently, there has been no significant drop in the number of people searching for property in the country on Primelocation International.
“The fact remains that there are many reasons why the country remains attractive to British buyers. Spain’s main attractions are still the warm climate, great beaches and unique culture all just a short flight from the UK; these factors will still draw in international buyers whatever the economic situation.
“It is also worth remembering that, while most of the problems experienced in recent years have centred on the Costas, there is far more to the Spain than just the southern coast.”
Following Spain came France, the U.S, Portugal and Italy. Searches for property in the U.S increased by nearly 200 per cent on last year’s figures.
The upturn in international property searching contrasts sharply with the volatility experienced during the banking crisis in the late summer of 2007 when searches fell by 38.5 per cent between July and August.
Primelocation also revealed a third of all those considering buying property abroad are looking to emigrate permanently. By contrast, only 23.7 per cent of the 1,500 investors questioned were looking for an overseas holiday home and only 12.4 per cent were searching for an investment property. A further 15.3 per cent were foreign buyers looking to purchase a UK property.
Taylor Wimpey in Spain
Taylor Wimpey plc is an international housing, property and construction company, employing more than 7,000 people worldwide, with its headquarters in the West Midlands (UK).
Taylor Wimpey de España has been operating in Spain since 1958 and is a key part of our operation, with a number of new and architecturally stunning developments in the Balearic Islands, the Costa Blanca and the Costa del Sol, all prime locations.
Mallorca is the biggest Balearic Island and the most suitable for all year round living due to its very good international flights connections through Son San Joan Airport to the UK and most European capitals.
Mallorca is considered one of the most beautiful places in the Mediterranean with its amazing sandy beaches, gorgeous scenery and idyllic coves to explore, as well as its historical monuments and villages.
PROPERTIES AND TAYLOR WIMPEY DEVELOPMENTS
Our developments are located throughout the island:
- Costa de los Pinos – Es Port Verd- East Coast
- Cala D’or – South West Mallorca
- Pollença – Puerto Pollensa, Pollentia Mar
- Andratx – Los Altos del Golf
- Portals – Puerto Portals
- Palma de Mallorca – Edifici Alber and Can Roses
- Pòrtol – Sa Torre.
We offer our customers the opportunity to purchase their dream home to live in, retire to, enjoy for their holidays or as an investment on this magical island that we are sure you will fall in love with.
Costa del Sol
The Costa del Sol in the south of Spain is one of the best locations to buy a property thanks to its excellent climate, breathtaking views and landscape and all the services and leisure facilities that are available. The Costa del Sol is one of the main holiday destinations for the British Market as it is an ideal location to invest in a holiday home or even a permanent home to get away from the cold and the rain and to make your dreams come true.
A NEW DEVELOPMENT BY TAYLOR WIMPEY
Taylor Wimpey is proud to be able to offer a new development of 2 and 3 bedroom apartments at Los Arqueros, next to Benhavis, and close to Malaga, Marbella and Elviria.
We have many properties available in Costa Blanca, including developments in Alicante, Calpe and Alenda.
At Taylor Wimpey we know all about homes in Costa Blanca, having been building here in Spain for 50 years. Our local knowledge means that we have built property in some of the best locations in Costa Blanca, and some of these houses are currently available to you. Let us help you find the property you want in Spain.
Don´t just imagine what your Spanish property will be like, come and see it!
The best way to find out about our homes in Spain…is to visit them. Whether you’re looking for a holiday home or are planning to settle, we can help you find your perfect place in the sun. Why not view your new home on one of our Lifestyle Visits*. Its’ the perfect opportunity to get a feel for life in Spain.
- – Flights from your nearest UK airport*
- – Collection service from the airport in Spain
- – Accommodation near to your chosen development
- – Full presentation of homes and development
- – Time to get acquainted with the area
- – Return trip to the airport in Spain
* Subject to availability and terms and conditions.