Buy British – In Spain

Spain

 

Spain as a holiday destination, has been attracting the British since as early as the 1830’s when sea bathing became fashionable. Curious tourists had also started to hear of the infamous Spanish bullfights and were keen to come and witness this for themselves. 
 
Tourism was recognised in Spain as an important economic driver worthy of government support well before World War II.  A chain of official hotels, known as tourist inns (paradores), were created at historical sites across the country in the 1920’s. It was during this decade that Coco Channel capitalised on the new fashion on ‘tanning’ and introduced a very daring line of swimwear. Spain started to become known for leading a new set of social standards where strangers could display themselves to one another with very little modesty.
 
It was in the late 1940’s that the well-known – at the time – “Spain is different’ slogan was penned. In 1951 the Ministry of Information and Tourism was born, later becoming the Ministry of Transportation, Tourism, and Communications as it is known today.
 
The initial boom in Spanish tourism began in the mid 1950’s with guaranteed sunshine and warm Mediterranean waters presenting a very attractive holiday opportunity for the Brits and other Northern European countries gripped by cold damp weather. Since the World Wars the population had become far braver at travel and a week in Margate or Bournemouth was no longer satisfying the modern Britain.
In 1950 tourist arrivals to Spain stood at approximately 1 million, rising to 34 million in 1973, over 78 million in 2002 and in excess of 40 million already this year. These huge rises in tourist numbers mainly driven by charter air travel becoming routine and by 1960, several coastal centres had opened up with runways suitable for mid-sized aircraft in Alicante, Málaga, and Almería.
 
Entire coastal villages sprouted up during the 1960’s and 1970’s with low cost accommodation, restaurants touting “international cuisine” of varying quality and nightclubs arriving on the strip.
The savvier tourist during this period of development saw the opportunity to profit off the back of this wave of tourism. Spanish construction companies started to offer new homes to discerning holiday makers and the possibility of owning a second home overseas was born.
 
As with many things ‘new’ and in vogue this started with a trickle that led to a stream and became a full flood by the late 80’s. The dream of having a place in the sun at an affordable price was at last a reality for many Brits.
 
One company that has been present throughout Spain’s massive tourism explosion is Taylor Wimpey España
 
The Spanish arm ofTaylor Wimpey plc – an international housing and property company. This developer giant employs more than 3,500 people and to date has built close to 10,000 homes worldwide.  Taylor Wimpey España has been operating in Spain since 1958 with a number of new and architecturally stunning developments in the Balearic Islands, Costa Blanca and Costa del Sol.
 
With over 50 years experience in operating in Spain, Taylor Wimpey is perhaps one of the greatest British success stories in this land of sun, sea, sand and sangria. 2011 has seen a 70% increase in customer enquiries year on year, taking the company back to the level of enquiries pre-recession with current figures showing that the British market in Spain remains their largest for overseas investors at 32%.
 
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España who has been a member of the team for nearly 20 years, comments on where he thinks their success lies:
 
“Being from British heritage myself I think I am qualified to say that Brits, as a rule of thumb, are sceptics. They tend to make informed decisions after considerable research and they like to know that that their investment is secure. That is why Taylor Wimpey España is the perfect choice for British buyers. 
 
“In the UK Taylor Wimpey is an established household name, a trusted company with years of experience and shareholders to answer to ensure performance at the very highest level. This professionalism is adhered to here at Taylor Wimpey España with customer satisfaction at the heart of our company.”
 
Taylor Wimpey España has built thousands of homes on the Costas and Balearic islands delivering 100% customer satisfaction time after time. They offer clients this charter:
 
ü       Quality: Our aim is to construct quality housing with an emphasis not only on construction and design but also on fittings and finishes.
ü       Personalisation: We offer a wide variety of features and finishes which can be adapted to the needs, tastes and lifestyles of our customers.
ü       Professionalism: We have a team of expert professionals to help you find the home that perfectly meets your needs.
ü       Advice: We search out and recommend the best financing plans and mortgages available on the market for our customers.
ü       Customer service: Our mission is to serve our customers with the utmost speed and efficiency, so we offer you a 24-hour helpline to solve any as quickly as possible.
 
We spoke to Denis Macaid who bought his Taylor Wimpey España property back in 1981. He and his family have been visiting the island year after year from this date. The development was everything it was promised to be and still is today. “It was one of the best investments I have ever made and the build quality is still apparent now, nearly 30 years later.”
 
An example of a property on Mallorca is El Peurto at Cala D’Or. There you can purchase a two bedroom apartment on the south east coast of the island very close to the glamorous Marina de Cala D’Or. This development has 3 communal swimming pools and the properties are surrounded by an area of outstanding natural beauty. 
 
An apartment on El Puerto available fully furnished will set you back just €165,000 and until 31st December 2011 there is NO VAT.
 
For more information about buying your home in Spain through leading house builder Taylor Wimpey España call 08000 121 020 or visit www.taylorwimpeyspain.comIf you reside outside of the UK you will need to call 00 34 971 706 244.

ABPM now representing The Villages Group – a new concept for active over 50’s living in France

France

AB Property Marketing, the UK based leading property PR agency, is pleased to announce the representation of The Villages Group – a new concept for active over 50’s living in France.

Brought to the market by established marketers/developers Property Direct France, the concept for The Villages Group has taken four years of research and development to create the first active living resorts in France dedicated to the over 50’s. Designed for living, the Villages situated near existing French communities in Bordeaux / Perigord, Canal du Midi and Provence offer one-level eco-friendly homes set within outstanding natural environments with full on-site amenities.

Danny Silver, MD of The Villages Group, explains,
“The Villages Group draws inspiration from the established +50 active living resorts which have become so popular in the US and Australia. Accommodating only residents of 50 years and above, The Villages are geared up for active living with purposefully no medical or nursing facilities on-site. All Villages are English speaking and bring together like-minded people looking to enjoy the wonderful French way of life.”

Sales begin in mid-2012 with houses from €165,000 in three stunning locations across southern France, owners of homes at The Villages are able to fully enjoy all on-site amenities including tennis courts, gymnasium, indoor and outdoor swimming pools and quality entertainment. Uniquely residents do not only own the land and freehold title of the property but also a full equal shareholding of the entire Village.

Charlotte Ashton, Director of AB Property Marketing, comments,

“Having worked with Mr Silver and the Property Direct France team before we are very excited to be promoting this new concept. France remains one of the most sought after second home and indeed relocation destinations in the world with more and more people attracted to the relaxed pace of life, charming natural landscapes and lower cost of living.

“Dedicated communities for over 50’s have been well established in other western nations and it is exciting to be able to introduce this to France.”

For more information or media enquiries on the active lifestyle living concept, The Villages and indeed locations in which they are situated please contact the team at ABPM on + 44 (0) 207 952 7227 / + 44 (0) 1737 222 334 or c.ashton@abpropertymarketing.co.uk. High res masterplan images and expert market comment are also available upon request.

Taylor Wimpey España records bumper month with a 15% increase in property sales

Spain

Taylor Wimpey España, the Spanish arm of the UK house builder Taylor Wimpey Plc responsible for constructing award winning high quality homes in the Costa Blanca, the Costa del Sol and the Balearic Island of Mallorca since 1958 have reported extremely positive sales levels for September 2011.

According to the latest data, Taylor Wimpey España’s property sales rose by 15% last month across Spain while UK enquiries alone increased by 45.5% compared to September last year.

Further statistics from Taylor Wimpey España highlight the nationalities of property purchasers showing that Britons are still the biggest buyers of Spanish property accounting for 30% of sales, followed by Spain and Russia with 20% and Germany with 10%. The remaining sales were spread amongst buyers from Switzerland, Sweden, Belgium and Holland.

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

“We have been seeing pleasing sales figures and enquiry rates recently which we are very excited about. September was a great month for us and October has been following in the same footsteps with positive sales in the first 15 days as well as Costa del Sol enquiries rising dramatically over the last 2 weeks with now only 2 stock properties remaining at La Floresta and 51 under construction between Los Robles II, Los Arqueros Golf & Country Club and La Floresta phase II.

“In addition, we have now sold almost 40% of the under construction apartments which we are extremely pleased with. It looks like we will be having a very happy ending to this year that’s for sure.”

For those looking to grab a slice of Spanish life, the expert team at Taylor Wimpey España are more than willing to lend a hand offering up an array of high quality properties in popular locations across Spain and the Balearic island of Mallorca.

Located on the south east coast of Mallorca, very close to the glamorous Marina de Cala D’Or El Puerto II consists of 2 bedroom apartments costing from just €165,000 + NO VAT until 2011 with furniture included. With 3 communal swimming pools available these properties are surrounded by outstanding natural beauty offering various other activities such as water sports, biking and golf in the local area.

Cala Magrana III in Mallorca situated close to Cala Anguila beach and the marina of Porto Cristo comprises 20 stunning 2 bedroom apartments surrounding a communal garden with a swimming pool. Ground floor apartments have a spacious terrace with a garden for private use while top floor apartments benefit from a private roof terrace, affording a great price of €220,000 + VAT.

Finally, the Calpesol residential complex located in Spain on the Costa Blanca consists of spacious homes with landscaped gardens and a communal swimming pool. The properties have 3 bedrooms, 2 bathrooms and costs from €160,000 + NO VAT until 2011. The properties include terraces, private gardens and outdoor parking all finished to a high standard; ideal for full time living or potential holiday rental opportunities.

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

Danes in Spain: Spain top choice for over half of Danish property buyers

Spain

A decidedly happy bunch, Denmark holds a reputation of having an exceptionally good quality of life. In spite of this, more and more Danes appear to be investing their hard earned cash elsewhere with more than 70,000 purchasing holiday homes abroad, with Spain topping the charts as their perfect second home location this year.

Findings gathered from a recent survey on the 24th September 2011 at the Bolig i Udlandet Homes Abroad exhibition in Denmark which surveyed 225 visitors discovered some interesting results regarding Danish property buyers.

Of the individuals asked, around 92% currently live in owner occupied housing while a mere 8% live in rental property, hardly surprising considering the average household income of respondents totaled around €119,000.

Additionally, of the 83% of interviewees who said they were looking to buy a property, 39% chose a house for their purchase taking joint ownership with an apartment at a further 39%. The remaining 22% asked were undecided.

Further statistics highlight that 44% of respondents were looking to buy within 1 year while 2 years was needed by 29%.

In terms of location, the most significant discovery from the survey showed that a massive 51% of Danes desired a second home in Spain followed behind by France (15%), Thailand (14%) and Italy (12%).

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

“Spain’s appeal as a top second home destination will never falter with the majority attracted to the warm climate, blue flag beaches and scintillating Spanish lifestyle. Indeed, while it appears that Danes are happy to travel to worldwide destinations like Thailand, Spain, a close by second home destination reigns supreme – even France was no match according to the findings.”

Pritchard continues,

“We were lucky enough to participate at the exhibition with our partner Solboliger and from our own findings we discovered that while most visitors were looking for Spanish property, around 35% were searching for second homes in the Costa Blanca with a further 35% looking at the Costa del Sol while the remainder chose Mallorca.”

Interestingly, according to a report by AENA, Spanish Civil Aviation, Mallorca was the most visited destination in Spain amongst Danish visitors in July 2011 with around 40,599 passengers’ followed by Barcelona at 26,000 visitors indicating that Danish visitors have become hooked by Mallorca’s charm, year round lively atmosphere, celebrity residents and world recognised events such as the Global Ocean Race 2011-12.

Typically, Mallorca affords higher property price tags than its other Spanish counterparts with Kyero.com, Spain’s largest English language property portal (Q3 2011) highlighting that the Balearic Island of Mallorca has the third highest average asking price in Spain at €416,300 compared to the national average of €266,100.

However, Taylor Wimpey España shows that stunning property on the beautiful Balearic Island does not have to come at a bank breaking price affording high quality developments at national average price tags.

Considering research from Bolig i Udlandet Homes Abroad exhibition discovered that Danish respondents desired an average property price of around €200,000, Cala Magrana III in Mallorca, situated close to Cala Anguila beach and the marina of Porto Cristo affords a great price of €220,000 + VAT.

This development comprises 20 stunning 2 bedroom apartments surrounding a communal garden with a swimming pool. Ground floor apartments have a spacious terrace with a garden for private use while Top floor apartments benefit from a private roof terrace.

For more information on purchasing a piece of Spain 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.
 

Q3 2011, a bumper period for Spain as property prices rise according to latest figures

Spain

With all-time record numbers of tourists visiting Spain, seeing 7.64 million foreign visitors in August alone, a 9.4% increase over the same month in 2010, it seems that the third quarter of 2011 has been a bumper period for Spain, with Spanish property prices rising in certain locations.

Statistics from Kyero.com, Spain’s largest English language property portal, for Q3 2011 show that the national average asking price for property in Spain increased to €266,100 in September compared to €263,000 back in June this year, suggesting a shortage of quality properties in the most popular regions.

Of course, as prices rise and tourism booms with some Costa hotels enjoying 100% hotel occupancy over the summer months, potential buyers will be on the hunt for attractive opportunities. In fact, property professionals across the nation have already witnessed an increase in inquiries and inspection trips, with overseas mortgage specialist Conti recording a 7% rise in enquiries about Spanish property in August this year.

Marc Pritchard, sales and marketing director of leading Spanish developer Taylor Wimpey España, comments,

“The price rises in certain parts of Spain is an encouraging sign for investors with locations such as the Costa Blanca, Costa Calida, Alicante and Murcia experiencing marked price increases.

“Alicante, for instance, has experienced improvements in its infrastructure, seeing a second airport terminal open, which is always good news when it comes to attracting more visitors.”

Indeed, Alicante is one such region that has seen average property prices rise steadily since the end of last year with average asking prices of €220,000 seen in December 2010 gradually rising to €231,000 last month according to the latest figures from Kyero.com in Q3 2011.

With prices in Alicante province below the national average it is hardly surprising that it experienced the biggest number of sales to foreign buyers between April and June 2011, however of the 22% increase in Spanish property sales in Q2 2011, a total of 90,746 properties sold according to the Spanish government, Malaga hit the top spot for sales to foreigners with 1,110 sales taking place in the second quarter of this year.

Interestingly, despite the price of property in Malaga standing at €299,500 (September 2011), above the national average, buyers seem to have taken a shine to this Costa del Sol region thanks to its important cultural infrastructure and rich artistic heritage. Malaga has even been nominated as a candidate for the 2016 European Capital of Culture, destined to boost future tourist numbers as well as property sales.

Meanwhile, further statistics from Kyero’s Spanish House Price Index (Q3 2011) highlight that the Balearic Island of Mallorca has the third highest average asking price in Spain at €416,300. Perhaps the golf courses, infrastructural developments, glorious beaches, year round lively atmosphere, celebrity residents and world recognised events such as the Global Ocean Race 2011-12 account for the high asking price compared to other Spanish provinces.

Indeed the Spanish government´s 4% reduction in IVA (the equivalent of VAT) on new stock properties until 31st December 2011 offering a potential saving of €8,000 on a €200,000 home combined with Taylor Wimpey España’s additional 4% contribution is certainly a big factor at play in attracting more buyers to the country. And, whilst property on Mallorca is more expensive than many of its counterparts, savings such us this can make a real difference, offering a quality property in a popular location at a discounted price.

Following the success of Cala Magrana I and II, Taylor Wimpey España is now launching phase III comprising 20 stunning apartments on Mallorca situated close to Cala Anguila beach, a selection of golf courses and the marina of Porto Cristo.

Costing from €220,000 + VAT, this residential development consists of 2 bedroom apartments surrounding a communal garden with a swimming pool. Ground floor apartments have a spacious terrace with a garden for private use while Top floor apartments benefit from a roof terrace also for private use.

For more information on purchasing a piece of Spain 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.
 

Spain’s dedicated to being a record breaker with 7.64 million foreign visitors last month

Spain

In August this year 7.64 million foreign tourists visited Spain, a 9.4% increase over the same month in 2010, with data from the survey of tourist movements at FRONTUR indicating that this marked an all-time monthly high for the country.

Since the beginning of 2011, 40 million tourists have visited Spain, representing a 7.8% increase over the same period in 2010.

The Ministry of Industry which produces the tourist movement survey suggests that August visitor figures ‘reinforces the good prospects of Spain in 2011’ highlighted by the fourth best year in the history of Spanish tourism, a great achievement considering the economic recovery only began back in the second half of 2010.

Further data indicates that while Brits are one of the most regular and indeed loyal visitors to Spanish shores standing at 9.5 million, there has been impressive increases in numbers of other foreign visitors to Spain between January and August this year, with a 16.7% rise in American tourists in the month of August as well as a 12.3% increase in German and 10.5% rise in Italian visitors.

By destination, Catalonia was the largest recipient of foreign tourists receiving 1.9 million visitors in August whilst the Balearic Islands followed closely behind with 1.8 million tourists in the same month. Meanwhile, 1 million visitors flocked to Andalucía, 821,000 tourists visited the Canary Islands while 737,000 foreigners picked Valencia and 550,000 made Madrid their destination of choice.

Ignacio Osle, Sales & Marketing Manager of Taylor Wimpey España, comments,

“Despite difficult economic conditions across mainland Europe, Spain is one of the most resilient holiday destinations, remaining popular with foreigners whatever the market conditions. Recently, the IMF stated that Spain will be the only country that will experience higher levels of growth next year compared to its European counterparts of France, Italy and Greece. Spain has a global appeal as a tourist destination; we have even seen 53,000 tourists arrive from India in the first half of this year, representing a 35% increase.

“Spain is recovering well especially with the help of the country’ss overall tourism drive and low cost airlines like easyJet increasing the number of flights it operates from the  Netherlands to destinations such as Mallorca next year. Indeed, Mallorca is one such destination that has performed better on the property front than its mainland counterparts offering strong rental market potential.”

Following the success of Cala Magrana I and II, Taylor Wimpey España are now launching phase III comprising 20 stunning apartments in Mallorca situated 600m to Cala Anguila beach, a selection of golf courses and the marina of Porto Cristo.

Costing from €220,000 + VAT, this residential development consists of 2 bedroom apartments surrounding a communal garden with a swimming pool. Ground floor apartments have a spacious terrace with a garden for private use while Top floor apartments benefit from a roof terrace also for private use.

For more information on purchasing a piece of Spanish heaven 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.
 

Leading Spanish house builder bucks trend and reports positive outlook for Q4 2011 with sales up by 8%

Spain

With the National Statistics Institute in Spain revealing that the number of property sales declined during July, both on a year-on-year and monthly basis, leading house builder Taylor Wimpey España is proud to report an 8% increase in sales to date in 2011.

Reviewing its performance this year so far, Taylor Wimpey España which has been operational in the Spanish market for over 50 years, has seen positive growth in international sales with a 70% increase in customer enquires compared to 2010.

British buyers remain the largest market at 32%, followed by the Spanish at 24%, Germans at 13% and the Russians at 9%. It is reported that clients from all nationalities are primarily seeking holiday and retirement homes as opposed to investment properties in the traditionally popular areas of Mallorca, Marbella and Alicante.

Ignacio Osle, Sales & Marketing Manager of Taylor Wimpey España, comments,

“Spain remains one of the most popular holiday and second home destinations in the world for Northern & Central Europeans. Consistently ranked number one in TheMoveChannel’s Top of the Props monthly report and one of the most searched for destinations in the recent Conti mortgage advisory survey, the demand for property in Spain is clearly evident.

“A combination of property price reductions, decreased supply of property in the prime locations and a steady flow of serious interest has enticed home buyers to make the positive decision this year.”

And indeed these factors combined with the Spanish government’s decision to reduce IVA tax by 50% and Taylor Wimpey España’s pioneering action in covering the remaining 4% due on stock properties until the end of December 2011 has resulted in the house builder being positive about its sales performance in the remaining quarter of the year.

Ignacio Osle continues,

“Due to growing demand and very little stock availability, we have launched several new developments over the past 12 month in key areas across Spain with a total of 132 units under construction now. Despite the off plan market having reportedly gone out of favour, 39% of these properties have been sold off plan and additional new developments such as Cala Magrana III on Mallorca will be released this week to meet ongoing demand.”

For more information about buying a home in Spain then contact the experts Taylor Wimpey España on 08000 121 020 or visit www.taylorwimpeyspain.com. If you reside outside of the UK you will need to call 00 34 971 706 244.
 

Global Ocean Race 2011-12 is set to make a splash in the Mallorcan property market

Spain

With only 5 days remaining until the start of the Global Ocean Race, Mallorca the launch pad of the highly anticipated event, is gearing up to see thrilling high speed activity from various nations doing battle on its sunlit watery landscape this weekend.

Having announced the final entries for the 2011-12 sailing extravaganza, the race is set to begin its first leg, from Mallorca to Cape Town on September 25th 2011. The Global Ocean race, a double-handed, round the world race for Class40 yachts saw 19 teams officially entered in early summer this year, however difficulty in securing offshore yacht racing sponsorship in a changeable financial environment has meant that numbers have slowly dwindled to only six confirmed entries for the 2011-12 circumnavigation.

The GOR’s Race Director, Josh Hall, is enormously proud of the racing teams commenting,

“It is so impressive that six teams have made it to the start. Clearly, it is disappointing for the teams and for the GOR Race Organisation that the overall fleet total has been reduced, but it shows the commitment, ingenuity and sheer determination of the skippers that they have made it to Palma.”

In spite of this, the excitement is bubbling enhanced by the official opening of the race village last Friday which houses the sponsors and various organising bodies and will be host to numerous events and presentations over the coming weeks. While the race itself attracts thousands of sports fans from across the globe to the golden island, entry to the village is free to the public with organisers aiming to give visitors an insight into one of the sailing world´s toughest challenges as well as promoting the sport to potential boating enthusiasts.

Indeed, international events of such magnitude help put Mallorca on the global stage and while many sailing devotees are attracted to these sporting events and the extras that go along with them, many more stay for Mallorca’s sun soaked climate, sublime blue flag beaches and high class restaurants.

Meanwhile, despite holiday company Mallorca Tours, listed as the official tour operator for the racing event in Mallorca having organised discounts with hotels in Palma ranging from 5* to 2* hotels all within easy reach of the GOR village, savvy property hunters have their own ideas about how to take advantage of the increased demand for accommodation, in particular rental property seeing homes close to marinas in particular become more desirable. Indeed, for buyers, owning a home on the Balearic Island can provide the opportunity to reap a generous rental income throughout the year.

Ignacio Osle, Sales and Marketing Director of Taylor Wimpey España, explains,

“Mallorca is highly regarded in the world of water sports, hosting an array of premium yacht racing events such as the Copa del Rey, the Palma Velas, the Superyacht Cup and the Global Ocean race as well as being noted as a leisurely holiday stop for the rich and famous which are big attractions in their own right.

“The island evokes a sense of style and sophistication and tourists as well as property buffs want to take ownership of that lifestyle by purchasing a high quality property. The great thing is that world class events, combined with a great social programme and stunning natural beauty helps increase the demand for rental property with good locations and quality builds always selling well whatever the market conditions. International events just add to their year round appeal.”

Leading house builders, Taylor Wimpey España, has plenty to offer in terms of affordable high quality property with properties in Mallorca waiting to be snapped up.

El Puerto II consists of two bedroom apartments located on the south east coast of the island, very close to the glamorous Marina de Cala D’Or costing from just €177,000 + NO VAT with furniture included. With 3 communal swimming pools available these properties are surrounded by outstanding natural beauty offering various other activities such as water sports, biking and golf in the local area.

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

Optimism high with 396,000 Spanish homes sold in the past 12 months

Spain

According to Government figures, a total of 396,000 homes have been sold in Spain in the past 12 months with sales accelerating in Q2 2011.

A total of 90,746 homes were sold between March and June this year, bringing about a 21.9% increase on the first quarter with new housing accounting for 33.7% of the total transactions in the second quarter of 2011 the research discovered.

While the department for housing suggests that non-Spaniards continue to be one of the key drivers in the housing market, sales to foreigners who reside in Spain has increased by 22.9% in the second quarter of this year, totaling 8,514 purchases while by province Alicante received the greatest number of purchases at 2,308. Malaga followed behind with 1,110 sales while Santa Cruz de Tenerife experienced only 599 sales with only 567 transactions made in the Balearic Islands according to the Ministry of Public transactions.

Meanwhile, according to a study of 100,000 properties recently published, Spanish property prices are on the rise in Costa Blanca and Costa Calida areas with Alicante and Murcia noted as being two locations where prices have pushed upwards in Q1 and Q2 of 2011.

Ignacio Osle, Sales and Marketing Director of leading house builder Taylor Wimpey de España, comments,

“Although Spanish property prices are yet to catch up with the highs seen in 2007, the price increase is nevertheless an encouraging sign for investors in the market. Alicante for instance has experienced improvements in its infrastructure seeing a second airport terminal open which always good news when it comes to attracting more visitors.

“In light of rising property sales in Spain, we have made our homes even more attractive to buyers, matching the Spanish Government’s 50% reduction in IVA on a limited stock of new properties to be delivered this year, and we’re hoping to see some very positive results.”

For those looking to enjoy the sunnier side of life, Taylor Wimpey de España has two wonderful properties available in Costa Blanca.

The Montesol residential complex consists of three bedrooms, two bathrooms, a cloakroom, garden, roofed sun terrace, private parking, air conditioning, heat pump system, and hydro massage bath from €237,900 situated in one of the best areas of Calpe – Maryvilla.

Located one hour from Valencia and 35 minutes from Alicante, the Calpesol residential complex in affords three bedroom two  bathroom properties, situated in a scenic beach side valley surrounded by mountain landscape, offering various activities such as water sports and golf in this popular town now from €160,000 + NO VAT.

For more information on these not to be missed properties contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. If you reside outside of the UK you will need to call 00 34 971 706 244.
 

Over 17 million tourists tempted by Turkey to date with 30 million expected by end of 2011

Turkey

Turkey’s tourism sector has exhibited a remarkable performance this year with an 11% increase in the number of tourists visiting the Eurasian nation in the first seven months of 2011 with 17,624,969 tourists visiting between January and July this year according to data from the Turkish Culture and Tourism Ministry and up to 30 million expected in total by year end.

Impressively, the month of July alone saw a 5.49% increase in tourists visiting the country totalling 4,597,475 tourists, of which Germany took centre stage with 602,511 travellers (13.11%) while 586,905 tourists (12.17%) arrived from Russia and 435,143 (9.46%) from England.

 

With 25.41% of tourists entering through Istanbul, the city’s Sabiha Gökçen Airport has been named the world’s fastest growing airport by Airports Council International (ACI) having experienced a 29% increase in international tourists in the first seven months of 2010, hardly surprising given the booming nature of Turkey’s airline carriers recently.

 

Turkey’s national flag carrier, Turkish Airlines, one of the fastest growing airlines in the world carried 18.1 million passengers in the first seven months of this year, 10.6% more than in the same period last year, helping propel the carrier towards being named the best airline in Europe at the World Airline Awards 2011 back in July in recognition of the quality of its in-cabin service and the range of locations it flies to. The airline also won the World´s Best Premium Economy Class Airline Seat and Best Airline Southern Europe awards.

 

Furthermore, Turkish Airlines, which has increased its number of destinations both within and outside of Turkey including more flights to Washington D.C. and a new route to Turin, Italy is preparing to commence its first ever flight to Argentina by the end of the year.

 

Undoubtedly becoming one of the most popular places to visit, Turkey has witnessed the positive knock on effect on the local real estate market seeing the average price of a house increase by 6.2% in the first quarter of 2011 compared to the same period in 2010. And, combined with the nation’s fast growing and stable economy outstripping BRIC powerhouses like China, Turkey has quickly emerged as an investment goldmine for potential property investors.

 

Ray Withers, Director of Turkish property investment experts, Property Frontiers, comments,

 

“The Turkish economy is thriving. Strong economic growth and increasing demand for property generated from growing populations combined with the removal of visa requirements for many countries have created vast opportunities for investors.  Economic stability is without a doubt one the biggest reasons behind good sales figures in the Turkish property market with investment focussed within rapidly growing cities like Istanbul, in particular areas like Beylikduzu, one of the fastest growing regions in the country that affords cheaper property price tags than the rest of Europe.”

 

As a perfect opportunity to capitalise on the positive growth and ever growing popularity of the nation, Property Frontiers has a stunning new key ready development affording 1 and 2 bedroom luxurious modern apartments located in the heart of Beylikduzu.

 

Available £20,000 below comparable projects in the area, the spacious apartments of Kensington Residence will present tremendously good value for money with an investment of only £16,500 required for a 1 bedroom and £29,000 for a 2 bedroom apartment.

 

In addition 70% LTV finance is available while investors can enjoy an immediate and guaranteed rental income at 7% for 2 years.

 

For more information about investing in this European investment thoroughbred which is set to see a 5% price increase as of 9th September 2011, please contact the experts Property Frontiers today on +44 (0) 1865 202 700 or visit www.propertyfrontiers.com.