Russian and Scandinavian buyers beat Brits as biggest purchasers of Spanish property according to Taylor Wimpey España.
Leading Spanish house builder Taylor Wimpey España comments, 'US citizens have been vacationing in Spain for many years. Numerous celebrities including Michael Douglas, Antonio Banderas, Melanie Griffiths and even George Cooney own second homes here and walking down the Golden Mile in Marbella can at times feel like a stroll through the streets of Hollywood. But it's not only the Costa del Sol which attracts the great and the good; the Costa Blanca on the south eastern coast of Spain remains a popular hotspot. Direct flights operate from New York, Atlanta, Miami, Boston, Philadelphia, Newark, Charlotte, Dallas and LA to Madrid and with the new high speed AVE rail link from the Spanish capital to Alicante set to open this summer, it will be even easier for US visitors to enjoy the delights of the White Coast.'
Marbella in particular is one of the most popular places for foreign nationals to buy property in Spain. Here at Taylor Wimpey España we have experienced a 300% year on year increase in sales in the area, proving that demand for Spanish real estate shows little sign of abating anytime soon, with non residents of the country increasing their market share for six consecutive quarters now.
'Russian interest in particular has increased dramatically over the last year. On the Costa del Sol alone, 45% of the total sales this year have been from both Scandinavian and Russian buyers,' said Marc Pritchard, sales and marketing manager for Taylor Wimpey España.
Spanish house builder Taylor Wimpey España has found that most interest is coming from Russian followed by Scandinavian buyers. Currently proving popular is La Floresta de la Mairena near the village of Elviria and close to both Marbella and Malaga. The two bedroom apartments and three bedroom penthouses are situated in an UNESCO natural biosphere reserve and have two large communal swimming pools, landscaped gardens and external private parking.
Sales and Marketing Manager for Taylor Wimpey Spain, comments: 'For us, Russians take the top spot of biggest property purchasers followed closely by Scandinavian buyers. Marbella in particular is one of the most popular places for foreign nationals to buy property in Spain. Here at Taylor Wimpey España we have experienced a 300% year-on-year increase in sales in the area, proving that demand for Spanish real estate shows little sign of abating anytime soon, with non-residents of the country increasing their market share for six consecutive quarters now.'
With golf tourism exceeding the estimated €1.5 billion (£1.2 billion), now is a great time to invest in Spanish property to capture the holiday market. This is the advice of Taylor Wimpey Espana and with real estate values at an all time low, there are plenty of great deals to be had. Marc Pritchard, sales and marketing manager for Taylor Wimpey Espana, explained: '[While] the course itself is an important factor when choosing a golfing holiday, the accommodation is equally important once you leave the fairway. Developments with onsite courses, accommodation and amenities are in high demand as they offer the entire package, are often easy to maintain and offer a higher level of security and community living.'
Taylor Wimpey de España, leading Spanish house builder, comments, 'Mallorca is quite simply a tourist hotspot. Every year cruise ships visit and prepare to set sail from the beautiful Mallorcan shore with an abundance of intrigued visitors flocking to the island to explore its many attractions coupled with sun soaked climate, over 43 striking blue flag beaches and high class restaurants.'
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Taylor Wimpey Spain: 'There are many benefits to be had from owning a home in Mallorca. The stunning Balearic Island offers a wonderful quality of life and superb properties that are so often desired by holiday makers and potential home owners. And, although recognised in part as a hub for the rich and famous, Mallorca has plenty to offer in terms of affordable property with something for everyone.'
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Two-bedroom flats in Cala d'Or, on Mallorca's quieter, cheaper east coast, start at €149,500 (4Corners). Spring here brings with it a special delight — the sight of thousands of almond trees in blossom. Head to the Tramuntana Mountains for a hike or bask on a boat while the marinas are quiet. For good-value new-builds, look to the east coast. At El Puerto II, near the marina in Cala d’Or, fully furnished two-bedders start at €149,500 (08000 121020, taylorwimpeyspain.com).
Taylor Wimpey Espana has also recognised the potential of the Balearics, explaining that Mallorca in particular is a popular port for cruise liners. With around one million passengers entering the island by sea each year, there are plenty of opportunities to tap into the growing number of tourists.
Marc Pritchard, Sales and Marketing Manager for leading Spanish house builder Taylor Wimpey España, comments: 'Whilst the course itself is an important factor when choosing a golfing holiday, the accommodation is equally important once you leave the fairway. Developments with onsite courses, accommodation and amenities are in high demand as they offer the entire package, are often easy to maintain and offer a higher level of security and community living'.
Following on from the success of Cala Magrana I and II, Taylor Wimpey Espana has also launched a third phase just 500 metres from Cala Anguila beach. Situated close to several golf courses and the marina of Porto Cristo, these two bedroom apartments with sea-views are a great opportunity.
Taylor Wimpey Espana (the company merged with George Wimpey in 2007) is a brand well known to British buyers and is seen as safe, even though almost all of its sales are off plan. Although fincas or farmhouses in the interior of Mallorca are very popular with British buyers, TWE builds only on the coast and it builds only apartments.
Marc Pritchard, Sales and Marketing Manager of Taylor Wimpey de España, who lives on the island, comments: 'Mallorca is quite simply a tourist hotspot. Every year cruise ships visit and prepare to set sail from the beautiful Mallorcan shore with an abundance of intrigued visitors flocking to the island to explore its many attractions coupled with sun soaked climate, over 43 striking blue flag beaches and high class restaurants.'
Taylor Wimpey España says that the rise in demand for second homes on the Costa Blanca over the last 12 months is very encouraging, with enquiry rates steadily returning to pre-recession levels. And far from Spain being ‘in pain’, it says that the second homes market in 2012 experienced a real revival, with more buyers from more diverse countries than at any time since 2007.
Taylor Wimpey España, the Spanish arm of prestigious house builder Taylor Wimpey, is proud to have been operating in Spain since 1958. It began with an ethos of providing high quality homes and delivery first-rate customer service. This approach remains at the core of the company today – its 2012 annual report has just confirmed that 100% of Taylor Wimpey España’s customers in Spain would recommend the house builder to friends and family.
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Taylor Wimpey Espana reports that foreign buyers who are on the lookout for second homes continue to express their interest in Spanish property. The fact that Spain is a global tourist attraction has helped it gain exposure to potential investors from across the globe. Buyers have been flocking in from the US, the UK, and a host of other countries as they consider Spain as one of the best destinations in which they can spend their summers.
Overseas buyers looking for a second home are continuing to sustain demand for Spanish property. Sales figures from Taylor Wimpey Espana showed that despite economic difficulties and a three per cent fall in overall real estate transactions, second home ownership is on the up, with a 57 per cent rise in sales on the Costa Blanca alone in 2012
Costa Blanca’s Public Works Department reports a 32% increase in property sales to foreign buyers and one local builder is touting a 57% increase in sales in 2012 over the previous year. One new beachside apartment complex that is attracting the attention of people shopping for vacation spots and second homes features a pool and private gardens with units starting at €249,000 each.
Taylor Wimpey Spain, one leading Spanish house builder, saw sales increase by 57% on the Costa Blanca in 2012 compared with the previous year, a sign that the right properties are continuing to sell well.
Marc Pritchard, Sales and Marketing Director for Taylor Wimpey España comments: 'The rise in demand for second homes which we have seen on the Costa Blanca over the last 12 months is very encouraging. Enquiry rates have steadily been returning to pre-recession levels and as the market picks up we are building once again.'
Indeed, in line with the General Council of Notaries' data, we at Taylor Wimpey España enjoyed an overall 31 per cent increase in sales to foreign buyers in 2012. The number of Russian buyers was up 27 per cent, the number of British buyers rose 24 per cent and the number Scandinavian buyers rose by a massive 311 per cent!
Taylor Wimpey España comments,'Spain has held a place in British holidaymakers' hearts for decades, but now we are finding that more and more Brits are wanting more than just a holiday. They are looking for permanent or second homes in Spain, taking advantage of the country's current bargain property prices.'
Spanish house builder Taylor Wimpey España, said: “The situation on the ground here in Spain over the last 12 months is in many ways different to how it has been portrayed to the rest of the world. Far from Spain being 'in pain', the second homes market in 2012 experienced a real revival with more buyers from more diverse countries seen since 2007.
There has been a large rise in the number of Scandinavian people buying new property in southern Spain, particularly the Costa del Sol.
One leading house builder has seen a 311% increase in Scandinavian purchasers and they now account of a fifth of all buyers. Taylor Wimpey España properties also says that 46% of Nordic buyers favoured the Costa del Sol in 2012.
House builder Taylor Wimpey España has seen record sales figures from Scandinavian buyers during 2012. The company's annual sales report reveals a surprising 311% increase in Scandinavian purchasers compared with the previous year. 'The interest from Scandinavian markets continues to boom as buyers take advantage of favourable exchange rates and reduced Spanish house prices to purchase their dream second home abroad.'
Taylor Wimpey España comments, 'Spain has indeed been through a challenging period but seeing the continual rise of tourists and associated spend to the country as a whole and the Costa Blanca specifically is immensely reassuring for both current and prospective property owners.'
With its delightful subtropical climate, miles of golden sandy beaches and mountainous interior, the Costa Blanca remains the most attractive and popular region to buy property in Spain, accotrding to housebuilder Taylor Wimpey España.
Foreign buyers are expected to increase their activity in the Spanish property market throughout 2013. Taylor Wimpey España also enjoyed a lucrative 2012, with sales volumes increasing throughout the year.
Marc Pritchard, Sales and Marketing Manager for leading house builder Taylor Wimpey España comments, 'Spain's climate, infrastructure, ease of access to the UK, combined with sandy beaches, turquoise seas and affordable housing market draws tourists and potential buyers in their droves'.
New-build properties in prime locations are selling. Whilst Taylor Wimpey España have sold 60 per cent of two of their new developments offplan.
Taylor Wimpey broke ground on an apartment scheme, Los Arqueros Beach, in San Pedro, just west of Marbella. If ever there was proof that location is key to property, this is it.'When we launched the development last month the entire press and local council turned up to see the spectacle. It's a rare occasion these days,' says Marc Pritchard, sales and marketing manager for TW Espana.
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