Spain’s leading home builder, Taylor Wimpey España, recorded a 12.3% increase in new-home orders, mostly in second-home markets like Costa Blanca. Inquiries for new homes increased 13%, the firm said in an end-of-year statement.
The majority of the builders’ sales were to Germans, although they registered purchases made by more than 30 nationalities, including a large contingent of wealthy Brits. Most British buyers bought luxury beach homes priced over €450,000, the firm added. “Affluent British citizens are looking to place their money outside of the U.K. in Spanish property”.