Who’s buying in Spain and where?

Property News, Spain Property

Despite Brexit the Spanish property market is alive and well, as a combination of domestic enthusiasm and ongoing foreign appetite for Iberian properties keeps things moving apace. The latest Housing Price Index figures from the Instituto Nacional de Estadistica show a 5.3% rise in prices over the past year across Spain. New build homes have performed particularly well, with a price increase of 7.2% during that time.

Whether its urban Spaniards looking for second homes on the coast or foreigners seeking a reliably sunny location for their holidays, certain areas in Spain are perennially popular. Leading Spanish home builder Taylor Wimpey España has been building homes along the mainland coastline and in select Spanish island locations for the past 60 years, so has seen plenty of buyer trends come and go during that time. However, certain elements of Spanish holiday homes have remained remarkably constant.

“Having a home with large terraces, bright sunlight and access to beaches, golf courses and good restaurants, all with the convenience of an on-site pool, is a winning combination that has been charming buyers for decades. Yes, building styles have changed over the years, as have the demographics of those buying second homes, but these core requirements remain firmly in place.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

In terms of who’s buying in Spain right now, Taylor Wimpey España reports that German buyers are leading the field right now. Germans have accounted for 19% of the company’s reservations so far in 2019, followed by Britons and Russians at 11%. Spanish and Belgian buyers each account for 9% of 2019’s reservations. Other buyers hail from the Scandinavian countries, Poland, the Netherlands, Ukraine, France and more, with a total of 37 different nationalities reserving properties.

When it comes to location, both the Costa del Sol and the Costa Blanca are strong contenders. The latter, in particular, provides excellent value for money. At Kiruna Residencial in Elche (Alicante), for example, buyers can pick up a beautiful three-bedroom, two-bathroom townhouse from as little as €178,000 plus VAT. Each property comes with outdoor terraces (including a roof terrace) and a good-sized garden, with views of either the spectacular Sierra de las Aguilas mountains or the stunning course at Alenda Golf. The golden beaches of Alicante and Alicante Airport are a 15-minute drive away.

Less budget-conscious buyers are often drawn away from mainland Spain, with islands such as Ibiza and Mallorca offering some outstanding locations for second homes.

“There’s something very special about owning an island home. Island life is unique in many ways and can offer an incredible degree of relaxation. The fact that you’re surrounded by the ocean also means that a huge variety of water sports tends to be available, so there are plenty of exciting ways to keep active when you own an island holiday home.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Cala Vinyes Hills II, located at Calvia (Mallorca), offers premium, three-bedroom townhouses with spacious terraces and private gardens from €637,000 plus VAT. A large communal pool is surrounded by landscaped gardens for all residents to enjoy. Some of the homes feature views of the Mediterranean, while all are finished to the same incredibly high standard. 60% of the impressive homes have already been bought off plan.

Summer’s rapid descent into autumn is a popular time for those living in colder European climes to seek out their perfect holiday home in the sun. Not only are new builds proving particularly popular at present, as well as enjoying higher-than-average price rises, they also offer a degree of style and comfort that many older properties lack. For many buyers, therefore, new build is the ideal solution for their dream second home.

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit their website here. If you reside outside of the UK, you will need to call 00 34 971 706 972.

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