Stockholm hosted the 61st Eurovision Song Contest recently as millions of people from all over the world tuned in to witness the weird and wonderful spectacle of the event. Competing just as many times as Sweden but without the enviable scorecard, Spain’s last win was back in 1969. However, it is Spain’s real estate that is faring much better in comparison to its Eurovision competitors.
Spain’s property market looks set to receive maximum points this year as sales to international buyers continue to soar and overseas investors are returning in their masses.
The majority of these purchases are by fellow Europeans, with UK buyers leading the way and accounting for 21% of all sales in 2015. However, according to the latest report from the College of Property Registrars (Registradores), demand from this year’s Song Contest host country is rapidly increasing with 2,755 sales completed in 2015, 6% of the total amount.
Marc Pritchard, Sales and Marketing Director for Taylor Wimpey España, is delighted that overseas buyers, especially those from within Europe, are returning to the Spanish property market and believes this will only increase throughout 2016. He explains, “The Spanish housing market has experienced an encouraging start to the year and with an increasing number of overseas buyers looking to Spain, I would expect this positive trend to continue during the coming months.”
Panorama Mar is Taylor Wimpey Espana’s new frontline development, situated in Punta Prima, Torrevieja. This private residential complex offers an array of two and three bedroom apartments, with two bathrooms and an underground parking space. Each apartment in the first phase is south facing and therefore has spacious terraces and stunning views over the Mediterranean.