Taylor Wimpey España reports strong demand for Mallorca homes as new Sa Galera development launches
- Balearic property reservations up 37% compared to 2019
- New seafront homes launch at Sa Galera, overlooking the Bay of Palma
- Spain’s islands lead the way for property price growth, with rise of 4.6%
Leading Spanish home builder Taylor Wimpey España has reported strong demand for its properties in Mallorca in May. Reservations across the company’s Balearic properties are up 37% when compared to 2019, with German, British, Austrian and Swiss buyers all racing to pick up second homes. The company’s Las Villas de Dalt de Sa Rapita development is now fully sold across all four of its phases, while details of new site Sa Galera have just been revealed.
“It’s good to feel such energy back in the property market once more, with Mallorca leading the post-lockdown recovery. May has been particularly busy for Spain’s islands and we’re seeing prices rising and properties being snapped up as buyers look to secure their homes in the sun. It’s the ideal time to share details of our lovely new townhouses in Cala Estancia. With just eight homes available, this is a development that we expect to sell out particularly quickly.”
Sales and Marketing Director of Taylor Wimpey España
Sa Galera’s eight townhouses are just 300m from the beach in Cala Estancia, delivering stunning views of the Bay of Palma, Bellver Castle and the cathedral from their solarium terraces. Each home has large terraces and private gardens, with three bedrooms and three bathrooms. The properties face south-west and west and come with landscaped grounds and a communal pool. Prices start from €725,000 plus VAT.
Property prices across the Spanish islands rose by 4.6% in the year to May, according to the latest figures from Tinsa, meaning the islands are leading the country in terms of growth. The second highest rise – of 3.2% – was seen along the Mediterranean Coast, while Spain as a whole saw prices increase by 1.3%.
New build homes continue to attract considerably more interest than previously owned properties, with both key-ready and off-plan homes performing well, according to Taylor Wimpey España.
“Spain has seen a notable shift in favour of newly built homes recently as buyers seek out modern interiors, contemporary layouts and better sustainability credentials than older properties can deliver. The pandemic has pushed some buyers towards wanting a property immediately, to provide them with greater flexibility should there be further lockdowns. Others prefer to ‘wait it out’ and purchase off-plan now in order to start enjoying their new property once life has returned to a more normal state of affairs. So we’re seeing interest from both of these buyer types right now.”