Investors snap up Spanish homes
Investors Spanish homes
Property investors have been busy purchasing properties at the La Vila Paradis development on the east coast of Spain.
The development, built by Taylor Wimpey España, is located in Villajoyosa in Alicante on the Costa Blanca.
La Vila Paradis was built in four phases, providing a total of 134 properties, with homes marketed from 2013 and the final property selling last year.
Its first line, two and three-bedroom apartments and three-bedroom townhouses at Playa Paraiso provide direct beach access and sea views, as well as a communal pool and landscaped gardens.
Taylor Wimpey España says buyers have been a mix of those using properties as holiday homes and those living on the Costa Blanca all year round.
Over a fifth of homes were sold to Russian investors, with Belgians, Norwegians, Spaniards and Swedes also buying 10% or more of the development’s properties.
Meanwhile, British buyers accounted for 5% of the development’s total sales.