Swedish demand for Spanish property is surging this year, as British buyers are shrinking their budgets.
The number of Swedish buyers looking to Spain as a second home destination has now doubled, according to the latest statistics from leading Spanish homebuilder Taylor Wimpey España.
Overall, the total year to date sales to Swedish nationals, as of September 2016, has increased by 100 per cent in comparison to last year’s figures.
The rise of the Swedes arrives as British buyers slightly lower their budgets. Indeed, according to Kyero.com, enquiries are falling on properties over €250,000 and increasing on homes costing €150,000 or less. Overall in September, 62 per cent of enquiries were for properties costing less than €150,000.
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España, which has operated successfully in Spain since 1958, has observed firsthand a rise in demand from both Swedish and Belgian buyers.
Indeed, over 220,000 Belgians visited Spanish shores in July this year alone (INE) and according to Taylor Wimpey España’s latest data, from January to September 2016, 22 per cent of their sales were from either Swedish or Belgian nationals.
“The past twelve months have seen a real boost in sales to North Europeans, especially Belgian and Swedish buyers. Easily accessible, with regular, direct, low cost flights from both nations, the Costa Blanca on Spain’s southeastern coast has become a hotspot for buyers in 2016,” he comments.