Home Blog

Blog

Leading UK homebuilder, Taylor Wimpey has released end of year results for 2016 that highlight the significant progress being made by Taylor Wimpey España in the Spanish property market.

The most recent figures show Taylor Wimpey España delivered an improved operating profit of £20.6 million for 2016, an impressive 106% growth on 2015’s £10 million, and an operating profit margin of 22.0%.

The company, which has been building homes in Spain for 60 years next year, completed 304 homes in 2016 which is a substantial 21.1% increase compared to the previous year. The average selling price of these properties has also seen a rise of 13.7%, from €315,000 to €358,000. Such positive statistics emphasise the Spanish property market’s success in 2016.

Javier Ballester, Managing Director for Taylor Wimpey España, is confident that the market will continue to thrive this year, commenting,

“The start of the year has been extremely encouraging and we have witnessed international demand rising again, having sold to more than 25 different nationalities in 2016. Whilst conscious of the potential implications of the wider macro European economic environment, our latest figures show Spain is still very much top of the list for many potential buyers and we are very excited to see what the next 12 months hold for the market.”

Taylor Wimpey España celebrated the start of 2017 by completely selling out three desirable off plan developments in three different destinations.

Costa Beach in Mallorca, Jade Beach in Marbella and Jardin del Mar in Javea have all now sold out, with a combined total of just under 100 units.

And with demand set to rise further still throughout 2017, Taylor Wimpey España are on hand to provide new and alternative options for prospective buyers looking to the sun kissed Costas and the beautiful Balearic isles of Mallorca and Ibiza. With over 15 new developments in 2016, and prices starting from just €150,000+VAT, Taylor Wimpey España can help buyers discover their dream Spanish properties.

Taylor Wimpey España’s latest addition to the Costa del Sol is Botanic, with a privileged south-facing position and on high ground that provides amazing panoramic views of the Los Arqueros Golf course, the sea and the natural beauty of the surrounding area.

The development itself comprises 92 bright and spacious 3 bedroom homes with large terraces, all of which are southwest facing. The 4 storey buildings are crowned by spacious penthouses of modern design with spectacular solariums from which you can enjoy the views from dawn to dusk.

The lavish yet eco-friendly homes with minimal energy consumption are fully equipped with high quality finishes. Cream coloured marble throughout, wide patio doors to the terrace, top of the range kitchen appliances and sanitary fittings, LED lighting, air conditioning and heated flooring in bathrooms, are all included as standard.

With prices from just €350,000 +VAT, it is an extremely well connected location with amenities on offer in Benahavis, Marbella, Puerto Banús or the new San Pedro Boulevard are all within close proximity. Botanic is a place of residence where serenity and tranquility reign although the best in leisure experiences and activities in Marbella are available within a radius of just 5km.

For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit http://taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 972.

The just released ONS migration data reveals that some 323,000 individuals emigrated from the UK in the year to September 2016, an increase of 8.75% over the previous 12 months.

Brits accounted for 40% (128,000) of those emigrants, with the key reason for their departure being work-related reasons (50%).

January’s ONS figures have also revealed that Spain is the country that hosts the largest number of British citizens living in the EU, with some 308,805 settled there.

“Brexit might be just around the corner but this isn’t deterring Brits looking to move to Spain. Here at Kyero.com we’ve seen enquiries rise by 42.3% in the last year, as more and more people seek out the perfect Spanish property. The ONS figures add further weight to this finding.”

Richard Speigal, Head of Research at Kyero.com

Of those, 32.7% (101,045) are aged 65 or older.

“Spain has long been a favoured location for British retirees looking to spend their golden years on the golf course or on the beach, with clement weather, a low cost of living and a welcoming expat community. Spain continues to draw those who have had enough of life in the UK; the dream of living in Spain is still very much alive and well”

Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España

On the market in Spain:

Panorama Mar, is a new first line development, situated on Punta Prima Beach in Torrevieja. This private residential complex offers an array of 2 and 3 bedroom apartments, and with prices starting from just €234,000 +VAT, every resident is granted direct access to the beach promenade (Taylor Wimpey España).

Three bedroom detached villa with pool near Busot village on the Costa Blanca, just 10 minutes from the beach – €210,000 (Kyero.com).

Acqua is a modern, elegant residential complex, situated just 5 minutes away from the harbour of Puerto Banus. With prices starting from just €265,000 +VAT, there are still 2 and 3 bedroom apartments available, with residents able to choose from stylish ground floor properties to luxury penthouses complete with sunbathing terrace (Taylor Wimpey España).

For more information, please contact:

Taylor Wimpey España: 08000 121 020 (+34 971 706 972 from outside UK) or www.taylorwimpeyspain.com

Flybe is to operate a new twice weekly service between Doncaster Sheffield Airport and Palma Mallorca starting on 7th July 2017.

Vincent Hodder, Flybe’s Chief Revenue Officer comments: “We are pleased to be extending our 2017 Summer schedule from Doncaster Sheffield Airport with the additional choice of yet more sun flights to such a popular summer holiday destination. Flights are scheduled to give customers flexibility and the choice of either a long weekend or a full week away so Yorkshire -based sun seekers can be as flexible as possible with their holiday plans.”

Chris Harcombe, Head of Aviation Development at Doncaster Sheffield Airport said:

“We are delighted to be adding more options to fly to this fantastic Mediterranean destination. We’ve listened to feedback asking for more low-cost flights to popular holiday spots and we’re pleased to deliver this route with Flybe.

“Flybe is offering a range of great sun destinations with us, with a really good schedule at great prices, so to add even more is a real boost for the region.”

The Spanish property market grew by 14% in 2016, the biggest increase in sales of homes since the run up to the last real estate boom, new figures show.

The data from the National Institute of Statistics show there were 362,182 home sales recorded on the Spanish property register in 2016, up 14% year on year and 7% month on month.

Mark Stucklin, of Spanish Property Insight, pointed out that the market has now expanded for the last three years after bottoming out in 2013 and seen two years in a row of double digit annual growth.

However, despite the recent improvement in sales, the market is still 50% smaller by volume than it was in the peak year of 2007. He reckons that a level somewhere between the two would be normal for a country the size of Spain.

He also pointed out that it was a relatively good year for new home sales, which only declined 3% in the year. ‘That was a huge improvement after almost a decade of double-digit declines. Last year was the year that new home sales declines petered out. I expect new home sales will increase next year for the first time in more than a decade,’ Stucklin said.

A breakdown of the figures shows that sales increased the most in the Balearics with a rise 31% but rose by just 5% in Malaga and Murcia, well below the national average. ‘That is probably due to Brexit depressing British demand in those regions, where British buyers have long been the biggest foreign market,’ Stucklin explained.

Sales were also strong in Barcelona with growth of 24% and Stucklin believes that this was driven in part by strong international demand from an increasingly diversified global market led by the Chinese.

‘There is a real and sustained recovery in home sales, albeit from a low base, although some areas are doing much better than others. There is also room for more growth, as the market is still smaller than it should be considering the population size and housing stock,’ Stucklin said.

‘Small investors are moving out of cash and deposits and into property, and this trend will probably continue in 2017. So 2016 was a year of positive news for the market in terms of sales, and 2017 should be more of the same assuming no nasty shocks. However, there are plenty of potential nasty shocks lurking around the world today,’ he added.

Spain enjoyed a record breaking 2016 when it came to the number of travellers visiting the country by air according to the latest figures from Aena, the state trading company which manages Spanish airports.

161.7 million International travellers passed through Spanish airports last year, confirming its global reputation for connectivity with 67.5 million domestic passengers also travelling during the same period. In particular, Alicante-Elche airport in the popular south-east of the country recorded a historic high in 2016, handling 12.3 million passengers, an increase of 1.7 million passengers in a single year. Interestingly, almost half (42%) of the passengers through Alicante-Elche were from the UK, indicating that the pull for British tourists to the Costa Blanca remains strong.

And even in the face of Brexit, the outlook remains bright with budget airline Jet2 announcing that between April and November this year, they will increase flights by 40% from 9 destinations in the UK including London-Stansted, Edinburgh and Leeds to Alicante-Elche airport, reaching a peak of 93 flights per week in high season.

Marc Pritchard, Sales and Marketing Director for  Taylor Wimpey España, the renowned housebuilder which has operated successfully in Spain since 1958, has observed first-hand the rising numbers of both flights and passengers entering Spain by air over the last year.

“Living here in Spain and travelling frequently myself both for work and pleasure, you can just see that the airports are busier. More flights, especially from the UK and Northern Europe, bigger aircraft and higher passenger numbers are being witnessed which, in my opinion, is a very positive indicator of the health of the country’s tourism sector.

“Not only did the airports enjoy a record 2016 but Spain overall welcomed the most foreign tourists ever last year, some 75.6 million according to the latest INE data which is an impressive 10.3% increase year on year and we look forward to welcoming even more in 2017.”

Inextricably linked to accessibility and tourism, Spain’s holiday home sector is also optimistic for another good year in 2017. As Marc Pritchard explains,

“As we reported last month, the Spanish market during 2016 was positive for us here at Taylor Wimpey España with an order book increase of 8.5% and completions up 21% on 2015 figures. The latest airport and tourism figures, combined with sentiment here on the ground means that our outlook for 2017 is positive, especially for the Costa Blanca, despite wider macroeconomic uncertainty created by the EU referendum result.”

Taylor Wimpey España are committed to an optimistic 2017 and are therefore launching new developments; Panorama Mar and La Recoleta III.

Property buyers wishing to soak up the sun in the fantastic region of Alicante then look no further than  La Recoleta III. This site is near the beachfront with access to the sea and beach just a few metres away, with the Costa Blanca, famed for its fabulous white sandy beaches.

La Recoleta’s Mediterranean style buildings, wide avenues leading down to the sea, immaculate garden areas and well-run services make this a perfect place to relax and enjoy the fantastic climate all year around.

With prices starting from just €194,000 +VAT, the 2 or 3 bed apartments have a well-designed layout, each with a private terrace. Enjoy beautiful views over the sea, the pool and private gardens of the development. The unique penthouses include solariums and outstanding views and to top it off, Alicante’s International airport is just a one hour drive.

Taylor Wimpey España’s complex,  Panorama Mar, is a new first line development, situated on Punta Prima Beach in Torrevieja. This private residential complex offers an array of 2 and 3 bedroom apartments, all designed for both comfort and convenience, with 2 bathrooms and an underground parking space. Each apartment in the first phase is south facing and therefore blessed with spacious terraces and stunning views over the Mediterranean Sea.

With prices starting from just €234,000 +VAT, every resident is granted direct access to the beach promenade. Alicante’s International Airport is just 45 minutes away and Punta Prima is also blessed with excellent transport links.

For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit  http://taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call +34 971 706 972.