Second homebuyers champion Spanish construction industry as Brits rekindle their love for the Costa del Sol
- Licenses for new homes in Spain increased by 57.1% in Q1 2016 vs Q1 2015 (Ministry of Public Works)
- Nearly half of British buyers in Spain purchase property on the Costa del Sol (Taylor Wimpey España)
- Last units available on the picturesque La Floresta Sur development (Taylor Wimpey España)
It seems Spain’s footballers aren’t the only ones preparing for a busy summer season, as those in the construction industry celebrate an encouraging start to 2016. The latest figures published by the Ministry of Public Works reveal that the number of licences authorised for the building of new homes in Spain amounted to 16,782 in Q1 of this year.
This is a substantial 57.1% increase when compared to the same period in 2015 and the best quarterly result recorded since 2011. Such a boom in residential construction is a direct result of the significant return of overseas buyers to the Spanish market. The demand from overseas buyers continues to grow, especially from those residing in neighbouring European countries.
According to the most recent data revealed by leading Spanish homebuilder, Taylor Wimpey España, the total YTD sales as of April 2016 have risen in comparison to last year, with British buyers increasing by 48%. As a growing number of Brits seek out their own slice of Spanish sunshine, it is the Costa del Sol that is proving most popular, with almost half of buyers choosing to purchase their property in that region.
Marc Pritchard, Sales and Marketing Director for Taylor Wimpey España, believes it will be a scorching summer for Costa del Sol property as momentum builds within the market. He explains,
“Construction within Spain’s residential sector is rising once more, as the demand from overseas buyers continues to strengthen the market. The Costa del Sol has always been a prevalent destination for Spanish holiday homes and is fast becoming the favourite once again amongst British second homeowners. As British buyers choosing Spain’s southern coastline increases, so too does the optimism surrounding the market and we would expect this positive trajectory to continue throughout the rest of the year.”
One of Taylor Wimpey Espana’s latest additions to the Costa del Sol skyline is the picturesque La Floresta Sur. Set in beautiful surroundings declared a natural biosphere reserve by UNESCO, this new phase of La Floresta Sur is situated near the village of Elviria and its beach, close to Marbella and Malaga.
Designed in a typical Mediterranean style, from just €202,000 +VAT, the 2 and 3 bed apartments and penthouses include an Italian-designed integrated kitchen with Silestone worktops, thermal and acoustic insulation and air-conditioning included. Benefitting from stunning views towards the oak and pine forest as well as towards the sea, the resort boasts two large communal swimming pools, landscaped gardens and external private parking.
Phase IV of the development is due to be completed this summer and the remaining units are now available with an exclusive special offer. Taylor Wimpey España are including a fully equipped kitchen, shower screen and lighting furnishings within the purchase price
With large terraces on which to enjoy the beautiful sea views, La Floresta Sur is a ten minute drive from two of the best known golf courses on the Costa del Sol, La Cala Golf Resort and Santa Maria Golf, and has direct access to El Soto Golf Club. It is also just a few minutes from the exclusive Nikki Beach Club.
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 34 971 706 244.