Despite falling property prices in many areas and concerns over further contraction of the Spanish economy in 2013, it seems the sun is still shining for some with leading house builder, Taylor Wimpey España enjoying increasing sales volumes in 2012. 

 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España comments,

 

“There is no denying that in the current economic climate Taylor Wimpey España has faced challenging market conditions however I am pleased to report that our 50 years of market experience and commitment to building high quality homes, in prime locations, at affordable prices has ensured that we have not only survived but thrived over the last 12 months.  

 

“We have seen an impressive 30% increase in sales volume for the first 11 months of this year with a staggering 375% increase in the first three weeks of December alone compared to the same month in 2011, the best December sales for years! Indeed hotspots have been the Balearic island of Mallorca and the perennially popular Costa del Sol where two of our most recent developments, Los Arqueros Beach and Cala Estancia have sold 60% of units off-plan – unheard of in today’s market”

 

Indeed, the latest Knight Frank Spain & Portugal Insight report (Nov 2012) revealed that the first half of 2012 saw enquiries strengthen in line with a weakening Euro and despite house prices in Marbella falling by around 30% since the start of the global recession, stability has been seen over the last 18 months.

 

International appeal remains a key factor in both the growth of Spain’s tourism industry (which saw 52.05 million international tourists arrive between January and October 2012, 3.1% more than last year) and second homes market. According the the Knight Frank report, British, Russian, Benelux and Scandinavian buyers represent the key purchaser nationalities but interest from Arab and MENA countries is growing, a trend which has also been seen by Taylor Wimpey España. 

 

With this in mind, Spain is actively targeting affluent Middle Eastern states such as Kuwait where it intends to increase tourist arrivals from 16,000 to 19,000 by the advent of next year according to the Spanish ambassador.

 

Looking forward to 2013, Pritchard comments,

 

“There is no doubt the 1st January VAT increase on new homes from 4% to 10% will somewhat reduce demand for Spanish property however in an attempt to offload debts crippling Spanish banks and drive overseas investment for 2013, the government is taking proactive steps such as offering residency rights to foreign property buyers who spend more than €160,000 – highly appealing to non-EU buyers such as Russians, Chinese, Americans and Australians.” 

 

In terms of Taylor Wimpey España’s focus, Pritchard explains that, 

 

“Following the success of 2012, we will continue to lead the market, not get complaisant but better ourselves and our product offering which is why I am proud to announce two brand new beachfront developments in Mallorca and the Costa Blanca due to commence construction in the new year.”

 

For property hunters looking for high quality affordable property, Taylor Wimpey España has some excellent properties on offer at only 4% VAT until the end 2012 and half capital gains tax if you purchase before year end.

 

Los Arqueros Beach, located next to Puerto Banus in Marbella is a new residential complex of 24 apartments consisting of 3 bedrooms and 2 bathrooms, only 4 minute walk away from the sea front promenade and 3 minutes from the ancient part of San Pedro de Alcantara , from just €195,000.

 

Its privileged position allows you to be surrounded by 5 km of the best areas of entertainment, Marbella’s sunny beaches, fun and glamour of Puerto Banus and the 12 best golf courses on Costa del Sol.

 

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 244.