Coastal areas continue to lead the way in solidifying Spain’s property recovery and is taking the industry to new heights. Alicante is the third best province in the property purchases in Spain, as figures released by the School of Property Registrars have revealed that in Q2 2016, a total of 7,901 homes were purchased, which is an increase of 20.7% from the same period last year.
- Alicante is the third best province for property purchases in Spain
- In Q2 2016, a total of 7,906 properties were purchased in Alicante, which is an increase of 20.7% from the same period last year (School of Property Registrars)
- Taylor Wimpey España launches new frontline development on the Costa Blanca
This is extremely positive news for the province and it is noted that the majority of these property purchases are concentrated in the coastal areas. Foreign investing purchasers make up to 50% of all of the buyers and it is therefore the perfect destination for those wanting a home to enjoy on the sun-kissed coast of Alicante.
Answering this growing demand, leading Spanish homebuilder, Taylor Wimpey España have just revealed details of their newest frontline development, Arenal Dream, situated in Javea, Alicante. Taylor Wimpey España are confident in the growing success of the Spanish property market and expect that there will be a continuation of this current positive trajectory. Marc Pritchard, Sales and Marketing Director, explains:
“This newest report confirms our confidence in Spain’s real estate market and we believe that this growing interest in Spanish property will thrive. The start of the year has been incredibly encouraging and the positivity surrounding the market is attracting a wide range of international buyers. We are delighted to announce the launch of our latest project and I look forward to speaking with prospective buyers.”