A growing number of experts believe that the Spanish property market is showing signs of recovery following the well documented economic crash which has plagued numerous global property markets. With a brand new year ahead we ask award-winning Spanish property builders Taylor Wimpey España for insight into the future of Spanish property in 2012.
With years of experience in building some of Spain’s most highly regarded properties, Marc Pritchard, Sales and Marketing Manager of Taylor Wimpey España suggests that the Spanish market has now reached the bottom and will move in a positive direction this year, highlighting a number of aspects that will aid Spain’s recovery.
Sale prices in Spain for quality properties in prime locations were stable in 2011 and Pritchard indicates that this trend will continue into 2012 while properties in less popular inland locations that have reduced infrastructure or no views will drop further in price.
Pritchard predicts that a greater number of lifestyle buyers will enter the second home market this year with very few looking for rental returns. He suggests that the average age of the property buyer will rise up to 55 years old signalling that lifestyle attributes will be of greater importance in 2012.
Furthermore, Pritchard explains that this year is likely to see inflation increase in the UK, with rising interest on bank accounts and unstable stock markets pushing British buyers, Spain’s strongest market, into investing their money in Spanish property.
Finally, when it comes to Taylor Wimpey España this year, Pritchard comments,
“We expect sales levels this year to be in line with 2011, however seeing as we will have additional sales outlets, new developments launching in 2012 and are covering the reinstated IVA tax now at 4% on new build properties until the end of February 2012, we are expecting sales numbers to increase making for an exciting year at Taylor Wimpey España.”
For those thinking about making a Spanish property purchase this year, why not take a look at what Taylor Wimpey España has to offer buyers in 2012.
The Calpesol residential complex in Calpe, Costa Blanca perfectly matches buyer’s needs.Comprised of stunning houses with gardens, this development affords communal swimming pools and three bedroom and two bathroom properties with roofed sun terrace and private parking costing from just €165,000 + NO VAT until 29th February 2012.
Located on the south east coast of Mallorca, very close to the glamorous Marina de Cala D’Or El Puerto II consists of 2 bedroom apartments costing from just €195,000 + NO VAT until 29thFebruary 2012.
With 3 communal swimming pools available these properties are surrounded by outstanding natural beauty offering various other activities such as water sports, biking and golf in the local area.
For more information please contact Taylor Wimpey España today on 08000 121 020 or visitwww.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 244.
