Spanish property reservations boom
Spanish property reservations boom, as buyers race to find the perfect second home
- Taylor Wimpey España reservations up compared to 2019
- Germans and Brits together account for 20% of all foreign property buyers in Spain
- Germans favour Mallorca, while British families flock to the Costa del Sol
Leading Spanish home builder Taylor Wimpey España has reported very good reservation figures for 2021, with a month still to go before the full year’s numbers are known. Year to date figures for November show impressive growth in property reservations across all areas in which the company operates.
The latest data from Spain’s Colegio Registradores also reflects the strength of demand for Spanish property. The Q3 2021 figures show an increase of 28.6% for property sales across Spain. In Andalusia, home of the sun-kissed (and aptly named) Costa del Sol, that figure rises to 36.7%.
According to the Colegio Registradores’ figures, German buyers bought more property in Spain than any other foreign nationality during the quarter, accounting for 10.4% of all international buyers. British buyers came second, at 9.9%. However, these figures hide significant regional variations.
In Mallorca, for example, German buyers accounted for a whopping 82% of Taylor Wimpey España’s total reservations in the year to November 2021. British buyers, meanwhile, prefer the Costa del Sol. 52% of all British reservations with Taylor Wimpey España so far this year have been in the Costa del Sol.
“2021 has been a superb year in terms of demand for our homes in mainland Spain and the Balearic Islands. In total, 34 nationalities have reserved property with us in this good year. Reservations from British buyers are 60% up on those for the same period in 2019.”