Booming Balearics lead Spanish property recovery

The booming Balearics are leading Spain’s property recovery this year.

New figures from the National Institute of Statistics (INE) show that sales on the islands have surged 39 per cent in 2016, leading the rest of the country’s ongoing recovery. Indeed, 33,390 home sales were recorded in the country’s property register in June 2016, up 21 per cent compared to June 2015 and the fifth month of double-digit growth in a row.

The only negative figure was for sales of new build homes, which dipped 1 per cent year-on-year after two months of growth, although construction in Spain is climbing, while developers such as Taylor Wimpey reported rising sales in April 2016 compared to last year.

The builder is primarily focused on the Costa del Sol this year, with its recently launched Horizon Golf development. With the Costa del Sol welcoming 1 million visitors in May, up 11.8 per cent from last year, the builder is confident in the area’s international appeal.

Marc Pritchard, Sales and Marketing Director for Taylor Wimpey España, comments: “The Costa del Sol has always been a popular destination with second home buyers and its scenic golf courses and idyllic climate only enhance it as a favourite, not only in Spain but in mainland Europe. We are delighted to launch the newest property options available within our Horizon Golf development and look forward to introducing prospective buyers to all that La Cala Resort has to offer.”


Do you want to receive information
about our new properties and promotions?

Ask here Taylor Wimpey newsletter.