Taylor Wimpey España annual report: demand for Spanish homes

Taylor Wimpey annual report:

Leading Spanish home builder Taylor Wimpey España has revealed a 24.7% increase in the average selling price of its properties in 2019. The company’s annual report shows a jump from an average selling price of €344,000 in 2018 to €429,000 in 2019, indicating a notable shift if the level of space and luxury that second home buyers are seeking.

In total, Taylor Wimpey España sold 323 homes during the year, with a further 217 homes on the order book as at 31 December 2019. The figures speak to a healthy market for Spanish second homes.

We’ve seen steady, stable demand during 2019, with a notable increase in the average selling price. Spain’s second home market continues to attract buyers from across northern Europe, as well as from further afield, despite the numerous economic and political fluctuations that continue to impact various countries.”

Figures from TINSA also highlight the healthy state of the Spanish property market. Property prices rose by 2.6% year-on-year during Q4 2019, while the average annual price increase stood at 3.6%.

In terms of the types of second homes that buyers are seeking, Taylor Wimpey España’s latest results show that buyers were happy to spend more in 2019 than they were in 2018. Frontline beach, golf and marina homes with outstanding views all proved popular, with buyers splashing out on larger properties than during the year before.

Panorama Mar, at Punta Prima, some 5km from Torrevieja on the Costa Blanca, is a good example of this. Just an hour from Alicante Airport, the seafront apartments deliver exceptional views over the beach and the Mediterranean Sea.

https://thepropertygroupsite.com/2020/01/20/taylor-wimpey-espana-annual-report-highlights-demand-for-increasingly-luxurious-spanish-second-homes/

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