As tourism spend rises, wealthy Brits snap up Spanish properties
- Record-breaking 82 million foreign nationals visited Spain in 2017 (UNWTO)
- Average spending rose by 13% (Jan-Nov 2017, Tourist Market Barometer)
- Brits spent more money in Spain accounting for 17.4 billion euros in total (Tourist Market Barometer)
- British buyers shell out more on dream Spanish homes (TWE)
While Spain received a record-breaking 82 million visitors in 2017 (UNWTO), overtaking the US as one of the world’s most visited countries; an achievement reinforced by a rise in tourism spend.
According to the Tourist Market Barometer, the average spending of tourists to Spain rose 13% between January and November 2017 compared to the previous year with British travellers, without surprise, among the biggest spenders. In total, British tourists spent about 17.4 billion euros in Spain, up 8.2% compared to the same period in 2016 while average spending per person reached €1.054 (Tourist Market Barometer).
Indeed the tourism industry has been an important driver of Spain’s economy over the decades, benefitting from the increase of cheap flights delivered by low-cost airlines and affordable accommodation.
However, Spain’s success in attracting international tourists has also prompted the question whether the country’s low-cost tourism sector can survive?
Indeed, the low-cost tourism model remains so popular that Spain welcomed only 10% of the wealthiest travellers in the world (Tourist Market Barometer). And as local authorities set out ambitious plans to tackle the issue of mass market tourism, Taylor Wimpey España, which celebrates its 60th year of operations (1958-2018), is proudly delivering high quality homes for discerning visitors.
“It is fantastic to see Spain’s popularity continues to flourish, we have certainly received a great number of enquiries from international visitors looking to experience all that this wonderful country has to offer. I do believe however that it is important to ensure that popular destinations in Spain such as Costa del Sol remains a sustainable coastline which is why we are focused on delivering quality homes in quality locations for generations to enjoy.”
Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España
In terms of budgets, Taylor Wimpey España has seen a rise in spending on quality homes from Brits. December 2017 saw the sixth consecutive month of growth in sales to British buyers for Taylor Wimpey España with the majority of transactions made at the upper price point of €450,000 and beyond, a trend never seen before.
With a view to Brexit in April 2019, British buyers are splashing out more on Spanish properties to secure the right home for either their retirement or the perfect holiday.
“Affluent British citizens are looking to place their money outside of the UK, in Spanish property, with view to Brexit in April 2019. Spain is deemed a safe heaven and we expect to continue to see greater number of purchasers at this higher price point.”
Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España
New penthouse and duplexes in the Grand View residential complex is an outstanding example of second homes in the upper price bracket, popular with British buyers. Priced from €420,000 + VAT, penthouses are comprised of 3 generous bedrooms with communal gardens and swimming pools, a spectacular solarium and panoramic views of the prestigious Asia and America golf courses in the valley of Mijas on the Costa del Sol.
With all the advantages of privacy and high quality, the new residential complex has everything to attract potential buyers without a doubt.
For more information please contact Taylor Wimpey España today on 08000 121 020 or visit http://www.taylorwimpeyspain.com/. If you reside outside of the UK you will need to call 00 34 971 706 972.