Leading Spanish home builder Taylor Wimpey Españahas shared some insights into what we can expect from the Spanish property market in 2019. The predictions come off the back of Tinsa’s forecast that Spanish homes will enjoy an average price rise of between 5% and 7% over the course of 2019.
“2019 looks set to be a busy year for the Spanish housing market, with strong demand from both domestic and overseas buyers for the right properties in the right locations. For second home buyers, both beach and golf properties will continue to be top of the priority list.”
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España
The three key regions that are like to continue to capture holiday home buyers’ attention in 2019 will be the perennially popular locations of Mallorca/Ibiza, the Costa Blanca and the Costa del Sol. In response to keen buyer demand, Taylor Wimpey España will be investing substantially in all three regions over the course of 2019.
In particular, the Taylor Wimpey España team has highlighted the Costa del Sol’s Sotogrande as a top 2019 hotspot. The company’s brand new Pier development there was already 30% sold by the time construction commenced, highlighting how popular the high end two and three-bedroom apartments are likely to be in 2019. For those looking for something larger, Pier offers the option to purchase two homes prior to construction in order to convert them into a single, spacious four or five-bedroom home.
Offering marvellous views of La Marina de Sotogrande, Pier is a private, gated community that comes complete with pools and garden areas. Green Golf, further along the Costa del Sol at Estepona, also benefits from on-site pools and pretty landscaped gardens. Taylor Wimpey España expects that golf properties such as Green Golf, with its stylish houses with large terraces, will be big news in the coming year.
“Looking ahead to the market in 2019 isn’t just about predicting where people will be buying, but who will be buying. We anticipate a lot of interest in Spanish second homes from German and French buyers over the course of 2019 – these two groups are likely to be buying in big numbers, along with keen interest from buyers in Scandinavia. It will be interesting to see what impact Brexit has on British buyers next year too. At present they remain the leading nationality in terms of foreigners buying homes in Spain, though whether that will remain the case is something that nobody can predict with any certainty!”
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España
Taylor Wimpey España believes that Spain will certainly do what it can to continue attracting British buyers, as well as courting British tourists in the post-Brexit era. Quite how that will work is, at present, anyone’s guess. However, even without British buyers in the equation, Spain is looking forward to a healthy, successful 2019, at least as far as its property market is concerned.
For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.
