{"id":9705,"date":"2020-11-04T10:00:00","date_gmt":"2020-11-04T11:00:00","guid":{"rendered":"https:\/\/taylorwimpeyspain.com\/blog\/?p=9705"},"modified":"2020-11-04T12:33:39","modified_gmt":"2020-11-04T13:33:39","slug":"from-crisis-to-crisis-why-dont-lessons-from-the-financial-crash-apply-to-covid-19","status":"publish","type":"post","link":"https:\/\/taylorwimpeyspain.com\/blog\/from-crisis-to-crisis-why-dont-lessons-from-the-financial-crash-apply-to-covid-19\/","title":{"rendered":"From crisis to crisis \u2013 why don\u2019t lessons from the financial crash apply to COVID-19?"},"content":{"rendered":"\n
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The global financial crash wreaked havoc on many countries\u2019 property markets, with the INE reporting a 36% drop in Spanish property prices over the following seven years. With local and national lockdowns in place across the world, many predicted that the same would happen as a result of the COVID-19 pandemic. However, leading Spanish home builder Taylor Wimpey Espa\u00f1a<\/a>, which has been building homes successfully in Spain for over 60 years, reports a very different experience this time around.

\u201cWe\u2019re seeing substantially different market dynamics as a result of the COVID-19 crisis than those that occurred due to the global financial crisis. Having operated through the 2006\/07 crash and the difficult years that followed, we were braced for a similar experience this time around, but it hasn\u2019t played out in the same way.\u201d<\/em> <\/strong>

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

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When the world\u2019s economy stumbled back in 2006\/07, Taylor Wimpey Espa\u00f1a saw a string of cancellations as buyers but this hasn\u2019t happened with the pandemic. As the company\u2019s Marc Pritchard points out, families who are buying off-plan homes don\u2019t expect to use them immediately and so are still happy to progress their purchases. And there is still plenty of liquidity in the market. Wealthy buyers are, quite simply, not letting the pandemic interfere with their long-term plans. They can buy off-plan now, then use their property once it is complete, by which time matters such as COVID-related travel restrictions will no longer be an issue.

If anything, it is the travel restrictions that are the greatest challenge with this particular crisis, as they are preventing the initial viewings that are so key to the holiday home purchase process.

\u201cThe challenge with this crisis has been to put virtual viewing arrangements in place that get as close as possible to that in-person viewing experience. We\u2019re doing all we can to turn that challenge into an opportunity, though, with live mobile tours of our show homes and also of our key-ready homes.\u201d<\/em> <\/strong>

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

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In the Costa del Sol, for example, potential buyers can tour the last few key-ready homes available at Grand View and Botanic. Those who want to ensure that they don\u2019t miss out on the last chance to buy at the two stunning developments can take mobile tours with Taylor Wimpey Espa\u00f1a team members, who are on hand to answer questions and explore the property at the buyer\u2019s pace.

Grand View<\/a> is located at the prestigious La Cala Golf Resort in the valley of Mijas. The homes run alongside the resort\u2019s Asia and America golf courses, opposite the Club House. With large terraces and spectacular views, the two- and three-bedroom properties have been popular both with golfers and with those looking for the natural serenity that such surroundings provide. Prices for the remaining few homes start at \u20ac290,000 plus VAT.

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Botanic<\/a>, meanwhile, is a unique development at La Reserva de Alcuzcuz. The buildings have been created around the principles of sustainability, ecology and bioclimatic architecture, with gardened areas forming a major part of the design. The development respects the variety of species and indigenous trees in the area, with vertical gardens and green corridors enveloping the residential buildings in a unique natural environment. Construction has taken place at different ground levels to provide an exceptional panorama of the surrounding natural environment. Botanic\u2019s three-bedroomed homes are priced from \u20ac430,000 plus VAT.

For more information please contact Taylor Wimpey Espa\u00f1a today on 08000 121 020 or visit <\/strong>https:\/\/www.taylorwimpeyspain.com\/<\/a>. If you reside outside of the UK you will need to call 00 34 971 706 972.<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n
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The global financial crash wreaked havoc on many countries\u2019 property markets, with the INE reporting a 36% drop in Spanish property prices over the following seven years. With local and national lockdowns in place across the world, many predicted that the same would happen as a result of the COVID-19 pandemic. However, leading Spanish home 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