{"id":7313,"date":"2015-07-23T14:32:58","date_gmt":"2015-07-23T14:32:58","guid":{"rendered":"http:\/\/taylorwimpeyspain.com\/blog\/?p=7313"},"modified":"2015-07-23T14:35:20","modified_gmt":"2015-07-23T14:35:20","slug":"property-sales-in-spain-reach-three-year-high","status":"publish","type":"post","link":"https:\/\/taylorwimpeyspain.com\/blog\/property-sales-in-spain-reach-three-year-high\/","title":{"rendered":"Property sales in Spain reach three year high"},"content":{"rendered":"<p>Residential property sales in Spain increased in May to their highest level for three years, according to the latest official figures.<\/p>\n<p><a href=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/07\/miraval1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7314\" src=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/07\/miraval1.jpg\" alt=\"miraval1\" width=\"620\" height=\"355\" srcset=\"https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/07\/miraval1.jpg 620w, https:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/07\/miraval1-300x172.jpg 300w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/a><\/p>\n<p>But there is an ongoing collapse in new home sales, the data from the National Institute of Statistics (INE) shows.<\/p>\n<p>Overall there were 26,455 homes sale in May, up 5% on last year and 11% on the year before that. But a breakdown of the figures shows that the increase came from the resale market, up 34% over 12 months, whilst new home sales fell 42% to just over 6,000.<\/p>\n<p>According to Mark Stucklin, of Spanish Property Insight the overall picture is one of a recovery in demand for property in all areas where foreigners tend to buy, but with the market hamstring being a lack of attractive new homes for sale.<\/p>\n<p>However this could be about to change. Demand is growing for new homes in Marbella, for example and developers are building again.<\/p>\n<p>Land is in high demand and for the first time in almost a decade residential, commercial and tourism projects are under construction and market sentiment is increasingly positive, according to Pia Arrieta, partner at DM Properties Knight Frank Marbella.<\/p>\n<p>\u2018Genuine interest in good value, good quality, well located plots of land is on the increase. Land prices in Spain climbed 5.2% during the last quarter of 2014 and sales increased significantly compared with the same period in 2013,\u2019 said Arrieta.<\/p>\n<p>Arrieta explained that the strong pound is encouraging UK buyers who are considering a broader range of investments, but northern Europeans, particularly those from Scandinavia, the Benelux nations, Germany and Russia are also ranking highly among those choosing to build their dream homes on the Costa del Sol.<\/p>\n<p>\u2018The demand for land stems from a growing appetite amongst end users\u2019 for turnkey, contemporary products with the latest gadgets and luxuries. Competitive construction costs and the decline in land prices in recent years has spurred developers on,\u2019 she pointed out.<\/p>\n<p>\u2018Marbella\u2019s accessibility along with continuing investment in the town such as its new boardwalk and the increasing number of top rated restaurants are also encouraging new development,\u2019 she added.<\/p>\n<p>According to Knight Frank\u2019s head of sales in Spain Christian de Meillac this upturn in demand has also been replicated in registration figures. \u2018In the first half of 2015 Knight Frank has seen a 65% increase in new applicants registering their interest in Marbella compared with the same period last year,\u2019 he said.<\/p>\n<p>\u2018Buyers are seeing value again. Prices have come down, the exchange rate is favourable and buyers are seeing long term growth potential,\u2019 he added.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"http:\/\/www.propertywire.com\/news\/europe\/spain-real-estate-sales-2015072010765.html\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-7138\" src=\"http:\/\/taylorwimpeyspain.com\/blog\/wp-content\/uploads\/2015\/04\/logo.gif\" alt=\"logo\" width=\"300\" height=\"60\" \/><\/a><\/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>Residential property sales in Spain increased in May to their highest level for three years, according to the latest official figures. But there is an ongoing collapse in new home sales, the data from the National Institute of Statistics (INE) shows. Overall there were 26,455 homes sale in May, up 5% on last year and [&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":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7,8,12,4],"tags":[557],"class_list":["post-7313","post","type-post","status-publish","format-standard","hentry","category-costa-blanca","category-costa-del-sol","category-mallorca","category-spain","tag-spanish-property-insight"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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