Why do Brits buy property in Spain?

The main reasons why Brits buy homes in Spain are changing, according to research released by property developer Taylor Wimpey de España.

Traditionally known for being one of the top retirement destinations, the figures released by the housebuilder suggest that Spain is now attracting younger couples and families. It is also confirmed that one of the most popular hobbies whilst on the Costas is golf, with a whopping 78 per cent of Brits placing it top of their list.

Via aplaceinthesun.com

Spain’s developers left in tight spot

‘The truth is that foreign buyer interest never really went away,’ says Victor Sagué, head of marketing and sales at Taylor Wimpey Spain. “There has always been a steady flow of enquiries.”
He says Taylor Wimpey has sold 150 properties so far this year, compared with 175 last year, 212 in 2008 and an average of 400 – or more than one a day – during the good times.
So convinced is Taylor Wimpey of the nascent pick-up in demand, that the company recently pushed ahead with plans for a 54-unit residential development near Marbella, on the Costa del Sol.

Via Financial Times

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