{"id":10595,"date":"2024-09-03T09:20:11","date_gmt":"2024-09-03T09:20:11","guid":{"rendered":"https:\/\/taylorwimpeyspain.com\/blog\/?p=10595"},"modified":"2024-09-03T09:30:16","modified_gmt":"2024-09-03T09:30:16","slug":"spanish-building-boom-providing-opportunities-for-british-property-buyers","status":"publish","type":"post","link":"https:\/\/taylorwimpeyspain.com\/blog\/spanish-building-boom-providing-opportunities-for-british-property-buyers\/","title":{"rendered":"Spanish building boom providing opportunities for British property buyers"},"content":{"rendered":"\n
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The latest figures from Spanish property research body Tinsa show the construction industry in Spain is booming. The firm\u2019s July 2024 report shows that house prices have risen by 3% in the past year, jumping 0.7% between June to July. Most attention-grabbing, though, is the 16.4% increase in observed crane activity in May 2024, pointing to a busy summer of building for Spain\u2019s housing industry.

Leading Spanish home builder Taylor Wimpey Espa\u00f1a<\/a> is one firm contributing to that trend. The builder has launched a string of new developments already this year and has plans to reveal further sites before 2025. Meanwhile, British buyer reservations are up 12% (year-to-date August versus the same period in 2023).

\u201cThe first half of 2024 was very busy in terms of construction and new development launches and that pace is set to continue for the remainder of this year. This summer season in particular has seen notable demand from British buyers, who are seeking a diverse range of properties in the Spanish sunshine.\u201d<\/em> <\/strong>

Marc Pritchard, Sales and Marketing Director, <\/strong>Taylor Wimpey Espa\u00f1a<\/a>

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Taylor Wimpey Espa\u00f1a\u2019s developments in Mallorca and the Costa Blanca showcase the breadth of Spain\u2019s property offering. Mallorca is known for its busy property market and Tinsa shows prices have risen across the Balearic and Canary Islands by 8.6% in the past year, far outstripping the national average.

Right now, townhouses are proving popular on the island, according to the Taylor Wimpey Espa\u00f1a team, with buyers seeking homes embedded in the local community with a year-round appealing climate, close to the sea.

In Esporles, at the base of the Tramuntana Mountains, the homes at\u00a0Es Voltor<\/a>\u00a0typify this trend. Priced from \u20ac755,000 plus VAT, each of the three-bedroom properties comes with a private garden and large, south-west facing terraces, while the houses share a communal pool. They benefit from easy access to the charming, traditional town of Esporles, which is known for its gastronomic heritage and natural beauty, while the nearest beach is just 8km away.

On the opposite side of the island, the townhouses at\u00a0Aura<\/a>\u00a0in Art\u00e0 are also attracting interest from British buyers. The three-bedroom homes cost from \u20ac835,000 plus VAT and include an impressive main bedroom with dressing area and private terrace. Buyers benefit from both private and communal gardens, along with a lovely shared pool.

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