{"id":255,"date":"2010-09-08T15:50:15","date_gmt":"2010-09-08T13:50:15","guid":{"rendered":"http:\/\/taylorwimpeyspain.com\/?p=255"},"modified":"2012-06-12T14:02:56","modified_gmt":"2012-06-12T14:02:56","slug":"spains-reawakens","status":"publish","type":"post","link":"https:\/\/taylorwimpeyspain.com\/blog\/spains-reawakens\/","title":{"rendered":"Spain\u2019s reawakens ?"},"content":{"rendered":"<p>According to recent \u00a0Spanish government figures, just over 226,000 newly built and existing homes were sold in the first half of 2010, about half the number in pre-crisis years. More important, the rate of housing starts has slowed sharply: on current activity, the total will be fewer than 100,000 this year, compared with 800,000 in 2006.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03044.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-258\" title=\"Spain\u2019s reawakens ?\" src=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03044.jpg\" alt=\"Spain\u2019s reawakens ?\" width=\"570\" height=\"448\" srcset=\"https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03044.jpg 976w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03044-300x236.jpg 300w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03044-381x300.jpg 381w\" sizes=\"auto, (max-width: 570px) 100vw, 570px\" \/><\/a><\/p>\n<p>Prices have fallen a nominal 20 per cent in the past three years, according to the central government, compared\u2009with year-on-year rises of about 17 per cent at\u2009the\u2009bonanza\u2019s high point.<\/p>\n<p>But official statistics do not fully reflect the pressure on banks and developers to sell stock at whatever price. Agents regularly talk of discounts of up to 50 per cent in some areas.<\/p>\n<p>However, the ongoing lack of Spanish property sales suggest that\u00a0Spain property prices need to fall further, despite the fact that values have plummeted in the past three years, mainly due to an oversupply of homes in the country.<\/p>\n<p>The greatest prices falls were recorded in Catalonia (-2.4 per cent), Murcia (-2 per cent), and La Rioja (-1.6 per cent).<\/p>\n<p>Despite the general residential price decline, asking property prices did rise in four autonomies. Resale properties in the Balearics increased by 2.3 per cent, followed by Navarre and The Basque Country (up 0.2 per cent), and Andalusia (up 0.1%).<\/p>\n<p>This discounting, and the current weakness of the euro against sterling and other European currencies, is beginning to reawaken interest in the holiday home market.<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe01190.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-257\" title=\"Spain\u2019s reawakens ?\" src=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe01190.jpg\" alt=\"Spain\u2019s reawakens ?\" width=\"570\" height=\"379\" srcset=\"https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe01190.jpg 800w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe01190-300x199.jpg 300w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe01190-451x300.jpg 451w\" sizes=\"auto, (max-width: 570px) 100vw, 570px\" \/><\/a><\/p>\n<p>UK interest in buying international property is up 138% on this time last year according to research by <strong>Primelocation International<\/strong><\/p>\n<p>The survey also discovered that;<\/p>\n<p>&#8211;<strong> 32% were looking to emigrate from the UK permanently.<\/strong><\/p>\n<p><strong>&#8211; 23.7% are interested in buying a holiday home,<\/strong><\/p>\n<p><strong>&#8211; 12.4% are looking for an investment property overseas<\/strong><\/p>\n<p>\u201cThe truth is that foreign buyer interest never really went away,\u201d says Victor Sagu\u00e9, head of marketing and sales at\u00a0<strong>Taylor Wimpey<\/strong> Spain. \u201cThere has always been a steady flow of enquiries.\u201d<\/p>\n<p>He says Taylor Wimpey has sold 150 properties so far this year, compared with 175 last year, 212 in 2008 and an average of 400 \u2013 or more than one a day \u2013 during the good times. &#8220;Spain as a whole is a very fragmented market and good locations and quality property will always sell well whatever the market conditions.&#8221;<\/p>\n<p style=\"text-align: center;\"><a href=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03019.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-256\" title=\"La Floresta de Mairena\" src=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03019.jpg\" alt=\"La Floresta de Mairena\" width=\"570\" height=\"380\" srcset=\"https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03019.jpg 1200w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03019-300x200.jpg 300w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03019-1024x682.jpg 1024w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2010\/09\/twe03019-450x300.jpg 450w\" sizes=\"auto, (max-width: 570px) 100vw, 570px\" \/><\/a><\/p>\n<p>So convinced is Taylor Wimpey of the nascent pick-up in demand, that the company recently pushed ahead with plans for a 54-unit residential development near Marbella, on the Costa del Sol.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>According to recent \u00a0Spanish government figures, just over 226,000 newly built and existing homes were sold in the first half of 2010, about half the number in pre-crisis years. More important, the rate of housing starts has slowed sharply: on current activity, the total will be fewer than 100,000 this year, compared with 800,000 in [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7,8,4],"tags":[1376,1377,1381,577],"class_list":["post-255","post","type-post","status-publish","format-standard","hentry","category-costa-blanca","category-costa-del-sol","category-spain","tag-costa-blanca","tag-costa-del-sol","tag-mallorca","tag-taylor-wimpey-espana"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Spain\u2019s reawakens ? 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