Mallorca property market performs well as Taylor Wimpey España launches 2nd Balearic development of 2019

Mallorca property market performs well as Taylor Wimpey España launches 2nd Balearic development of 2019

Spain ,
  • Cala Vinyes Hills II offers impressive new homes in desirable Mallorca location
  • 15,784 Balearic property transactions in 2018 (Colegio Registradores)
  • Buyers focusing on contemporary homes with superb environmental credentials in prime locations

Leading Spanish home builder Taylor Wimpey España has announced its second Mallorca residential property development launch of 2019, just three weeks after revealing details of its Blue Cove site.

The new development – Cala Vinyes Hills II – features 16 exclusive, three-bedroom townhouses in a private setting with a communal pool. Spacious private terraces and gardens provide plentiful access to the Mallorcan sunshine, with prices starting from €619,700 plus VAT.

Mallorca’s property market is ticking over beautifully right now and demand for homes is far outstripping the existing supply. Foreign buyers are having a notable influence on the market, accounting for some 34% of buyers. They are driving up prices by snapping up homes and thus reducing overall availability. It’s a trend that we anticipate will continue over the coming years, making now a good time to buy for those looking to grow their capital as well as enjoy their second home.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

The contemporary townhouses of Cala Vinyes Hills II are located in the prestigious Cala Vinyes area, close to Puerto Portals and Port Adriano, as well as the popular Santa Ponsa, Bendinat, Poniente and Son Vida golf courses. The area’s attractions have proven a strong draw for second home buyers over the past several years, making it a key contributor to the Balearics’ 15,784 real estate transactions that took place during 2018.

The stylish homes of Cala Vinyes Hills II are perfectly attuned to buyers’ desires. Spacious, open plan living areas for cooking, dining and relaxing flow through to well-appointed terraces or gardens, making them ideal for the blended indoor/outdoor lifestyle that is so integral to island living. Interiors have been designed to reflect the cool, natural tones of the local environment, with living spaces exuding a calming feel and bedrooms promoting comfort and relaxation.

Mallorca buyers are focusing on modern properties that boast stylish interiors, superior outdoor spaces and excellent environmental credentials – all in a prime location. That is precisely what we’re delivering at Cala Vinyes Hills II. The sustained level of demand for such homes is supporting Mallorca’s property stock to grow at as rapid a pace as the local government feels is appropriate, while still respecting the natural environment. This is leading to a stable and continuing increase in prices, as buyers queue up to buy their dream Mallorcan homes.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

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.

Brownfield boutique arrives in Liverpool

Brownfield boutique arrives in Liverpool

United Kingdom ,
  • Former leather factory being converted into superb apartments at The Tannery (Surrenden Invest)
  • ‘Brownfield first’ policy encouraging housebuilders to focus on developing industrial land
  • Liverpool to become an “exemplar for innovation, sustainability and design excellence”

 

We tend to think of brownfield land as huge swathes of contaminated, former industrial land that now stands derelict while all around it our crowded cities overflow. While the term does indeed incorporate such areas, brownfield sites come in a wide variety of shapes and sizes, leading specialist property investment agency Surrenden Invest to take a fresh look at the way we deal with previously developed land. The result? Brownfield boutique!

“We’ve coined the term ‘brownfield boutique’ to inspire developers to take a fresh look at how we think about brownfield sites. A single former industrial building that now stands idle can be transformed into stylish, well located homes with a little imagination – tackling brownfield sites doesn’t have to be left to only the largest developers.”

Jonathan Stephens, MD, Surrenden Invest

Surrenden Invest’s Jonathan Stephens cites The Tannery in Liverpool as an example of brownfield boutique in action. The Tannery sits on the site of a former leatherworks, from which it gets its name. The design of the building reflects its industrial past, with folded aluminium panels resembling the hanged leather that the site’s original building once housed. Horizontal breaks in the façade, meanwhile, represent the leather press.

Within The Tannery, the elegant apartments will offer bright, spacious homes complemented by a range of luxurious facilities, including a 24/7 concierge, a communal courtyard and a roof garden. The development is turning a former industrial site into capital-quality residences in an enviable central Liverpool location.

“The Tannery is brownfield boutique in action. It’s turning disused industrial land into outstanding apartments and supporting Liverpool’s ‘brownfield first’ approach to solve its housing shortage.”

Jonathan Stephens, MD, Surrenden Invest

The ‘brownfield first’ focus was announced by Liverpool City Region Metro Mayor Steve Rotheram in early 2018 to urge housebuilders to consider using brownfield land across Merseyside, as part of work to make the city an “exemplar for innovation, sustainability and design excellence.” The Tannery is one site doing just that.

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Taylor Wimpey España gears up for Challenge 2019, following impressive 2018 results

Taylor Wimpey España gears up for Challenge 2019, following impressive 2018 results

Spain ,
  • Taylor Wimpey España completions up 14% and operating profit up 9% in 2018
  • Fundraising for Challenge 2018 saw team raise record total of nearly £13k
  • Challenge 2019 aiming to raise even more money for charity

Leading Spanish home builder Taylor Wimpey España has reported impressive results for its 2018 performance, delivering 342 homes over the course of the year, compared with 301 in 2017. The 14% increase in completed homes was complemented by an improved operating profit of £29.2 million for 2018 (2017: £26.8 million). The success of developments such as the Costa del Sol’s La Floresta Sur was key to the company’s robust performance.

However, the Taylor Wimpey team is about more than making Spanish second home buyers’ dreams come true – staff also want to make young people’s dreams come true. They are doing this through active fundraising for their participation in Challenge 2019.

The Challenge event is held every year by Taylor Wimpey in order to raise money for charity. Teams from across the vast organisation test their spirit, strength and teamwork in a series of demanding challenges while raising funds for worthy causes. This year, the teams will be scaling the Brecon Beacons in Wales in order to raise money and awareness for the Youth Adventure Trust, which works with outdoors with vulnerable young people to build their confidence and skills, and DEBRA, which works to improve the quality of life of Spanish people with epidermolysis bullosa, a rare and painful condition where the skin blisters easily.

“The Taylor Wimpey España team is getting into shape ready for Challenge 2019. We’re seeking support for our two chosen charities as we gear up for this year’s event and are looking forward to – hopefully – beating our 2018 fundraising target by quite some way in order to give back to the communities in which we work.” 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Taylor Wimpey España has a strong track record when it comes to the Challenge events. In 2018, the team raised a record-breaking total of just under £13,000 – 323% of its original fundraising target and the highest amount raised by any of the teams taking part. The effort contributed to a total amount pledged by parent company Taylor Wimpey of £167,575 – the highest sum ever raised by its annual Challenge.

The competitive Spanish team also did well during the 2018 event itself, coming first in the ‘Beast’ hiking competition and third in the ‘Dragon’ hiking and biking competition. This year, the team is fired up to perform even better – both in the Brecon Beacons and in terms of its fundraising efforts.

“Doing so well in the Challenge 2018 was a great feeling – but raising so much money for such good causes was an even better one. That’s why we’re pushing this year to beat our fundraising target once more and make Challenge 2019 our most successful year yet!” 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

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.

Taylor Wimpey España launches Blue Cove in Mallorca, as Spain tops global health ranking

Taylor Wimpey España launches Blue Cove in Mallorca, as Spain tops global health ranking

Spain ,
  • New Blue Cove development provides perfect blend of location and quality
  • Spain is healthiest country on Earth (Bloomberg)
  • Gastronomy, sunshine and coastal delights keep buyer demand strong in Mallorca

 

As if the lure of its sunshine, coastal delights and superb gastronomy weren’t enough, Spain has just been declared the healthiest country on the planet, shooting up the rankings from its previous position of sixth healthiest. The 2019 Bloomberg Healthiest Country Index ranks nations based on factors ranging from sanitation and clean water to obesity and life expectancy. Life expectancy at birth in Spain is already the third highest in the world and is expected to be the highest by 2040.

 

Leading Spanish home builder Taylor Wimpey España is certainly familiar with the health benefits of life in Spain, having been building homes on the mainland and the Spanish islands for the past 60 years.

 

The Mediterranean diet is one of the key factors behind Spain’s position as the healthiest country in the world. Not only is the gastronomy focused on fresh, seasonal ingredients, but the extensive use of olive oils and nuts brings further health benefits – as well as creating some superb flavours!”

 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

 

For those who holiday or buy second homes on Spanish islands such as Mallorca, the local cuisine is a big draw. From delicious vegetable dishes such as tumbet (layered aubergine, potato and red bell peppers topped with tomato) to the stew-like arros brut, the island’s many gastronomic delights are a real pleasure to experience. Together with the myriad other joys of Mallorcan life (the sea, mountains and balmy climate, for starters), its cuisine cannot help but charm. For those looking to make it a regular part of their lives and enjoy the health benefits of all things Spanish, a holiday home on Mallorca makes perfect sense.

 

Taylor Wimpey’s just-launched Blue Cove development at Cala Lliteras (Capdepera) is ideally located to enable buyers to enjoy the best of island life. The first line homes overlook the sea, with spectacular views over the bay and its turquoise water. A coastal footpath leads to Cala Agulla, just 750m away, meaning that the properties provide the perfect blend of tranquillity and easy beach access.

 

Blue Cove provides a range of one and two-bedroom apartments, two-bedroom duplexes and three-bedroom townhouses, all designed with Taylor Wimpey España’s usual level of exceptional attention to detail and high-quality finishes. The ground floor homes enjoy private gardens, while the penthouses and duplexes benefit from private solarium terraces and terraces to the front. Owners also have exclusive use of the development’s generously sized shared pool. Prices start from €181,000 plus VAT.

 

We are delighted to be launching a site as stunning as Blue Cove on Mallorca. The setting really is exceptional and we have used Mallorcan design and Mediterranean-style architecture to ensure that the homes do justice to their premium position. Mallorca remains one of our key areas of focus, with strong buyer demand for properties that offer the perfect blend of location and quality.”

 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

 

 

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.

UK rental sector shrugs off pre-Brexit jitters

UK rental sector shrugs off pre-Brexit jitters

United Kingdom ,
  • Investors becoming more discerning, courting longer-term tenants with superior rental homes (Surrenden Invest)
  • Rents to grow by 13.7% by 2023 (Savills)
  • Rate of nearly 9 tenant registrations to every new rental listing is highest ever (Foxtons)

Given the intensity of the debate about Brexit’s likely impact on UK house prices, the country’s rapidly growing rental sector has been left rather overshadowed. However, from the expansion of the ‘build to rent’ offering to the more discerning buy to let investors that we’re now seeing, the rental sector is alive and well. Indeed, according to Savills, “Tightening access to mortgage finance and changing demographics is driving demand for privately rented homes at all price points.” This makes it an exciting time to be a buy to let investor.

“As a whole, the UK has seen a reduction in the number of buy to let investors in recent years, as the government’s tax changes have been felt across the sector. However, an interesting result of this is that those investors who do continue to build their portfolios have become more discerning about which properties they choose to put their money into. This is pushing developers to be more creative and ambitious with their property plans.”

Jonathan Stephens, MD, Surrenden Invest

In recognition of the continuing demand for premium investment properties, specialist property investment agency Surrenden Invest has produced a regional rental market report that offers expert insights into the UK’s local rental markets. The guide covers five key areas (Birmingham, Liverpool, Manchester, Newcastle and London/commuter belt), analysing everything from demographics and tenures to average rents, yields and void periods.

Rental growth has been rather subdued over the past two or so years. However, the average rise across Great Britain of 1.0% in the year to December 2018 was up from 0.9% in the year to November, and Savills projects that things are going to get brighter still over the coming five years. It projects rental growth of 2.0% across the UK in 2020, 3.0% in 2021 and 3.5% in each of the following two years, with a five-year compound growth rate of 13.7% to 2023.

“The UK’s population is increasing rapidly and this is supporting a thriving rental sector that seems unabashed by the same kind of pre-Brexit jitters that are slowing down house price growth. Add to that the reduction in stock that we’ve seen as amateur private landlords drop out of the market and the overall rental sector has a very positive future ahead.”

Jonathan Stephens, MD, Surrenden Invest

Surrenden Invest’s own experience in recent years is that investors are now looking for properties that are a cut above the rest. Manchester’s Ancoats Gardens is a prime example. Located in the hippest part of the UK’s ‘most liveable city’ (according to Time Out and the Economic Intelligence Unit), the development’s 155 spacious, light-filled homes are complemented by a superb range of features. The gym is so large it splits across two levels, while the coffee lounge has been carefully designed to suit a range of uses, from casual catch ups to working from home. Then there’s the rooftop garden – an oasis of greenery and comfy seating that invites you to curl up and enjoy the magnificent views of the Manchester skyline.

Ancoats Gardens is part of a new wave of developments that take their on-site features very seriously indeed, as Surrenden Invest’s Jonathan Stephens explains.

“There are now nearly nine tenant registrations for every new rental listing, according to Foxtons. One might imagine that unscrupulous investors are therefore flooding the market with inferior properties in order to capitalise on demand. While there are no doubt some out there who are taking that approach, what our own experience has shown is that investors prefer to court longer term tenants by offering superior properties. The idea is that the building is so fabulous that tenants stay for longer than average, thus dramatically reducing void periods and driving up returns. As such, investors are being far more discerning about where they put their money, which is great news for sites like Ancoats Gardens!” 

Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

Costa del Sol exposed: expert insight into one of Spain’s most visited locations

Costa del Sol exposed: expert insight into one of Spain’s most visited locations

Spain ,
  • Property prices tipped to rise in 2019 (Taylor Wimpey España)
  • Malaga, Torremolinos and Marbella flagged as this year’s Costa del Sol hotspots
  • Developers focusing on bright, tech-aware homes with energy efficiency built it

The Costa del Sol first began actively cultivating its tourism business at the beginning of the 20th century. More than 100 years later, it remains one of Spain’s most popular destination for those seeking sun, sand and relaxation.

Marc Pritchard, Sales and Marketing Director of leading Spanish home builder Taylor Wimpey España, knows the Costa del Sol inside out. He has played an active role in the delivery of holiday homes such as the spacious apartments of La Floresta Sur, near Marbella (available from €228,000 plus VAT), and the stylish townhouses at Horizon Golf at La Cala Golf Resort (from €435,000) for the past 20 years.

Now, Marc shares his thoughts on precisely what it is that gives the Costa del Sol such lasting appeal and what’s in store for the region in 2019.

What is the outlook for the Costa del Sol in 2019?

We expect to see a steady increase in property prices over the course of this year along the Costa del Sol. We also expect visitor numbers to remain stable in 2019, following a meteoric rise in 2018 (Spanish visitor numbers shot up by 10% in 2018, according to the country’s national statistics institute, the INE).

Malaga province now welcomes more than 5 million tourists per year and we anticipate the region continuing to enhance the leisure facilities and cultural pursuits on offer in order to cater to those visitors.

What are the top 2019 Costa del Sol hotspots likely to be?

This year, it’s all about Malaga, Torremolinos and Marbella, both as holiday destinations and as locations in which to buy second homes. Foreign buyers now account for a full 31% of property purchases in Malaga and we expect that figure to remain much the same in 2019, making Malaga a key hotspot for the year ahead.

Are there any ‘up and coming’ parts of the Costa del Sol that second home buyers should keep an eye on this year?

Absolutely. Marbella has long been synonymous with fashion and glamour and its reputation is growing rapidly, with visitors from around the globe discovering this Spanish gem.

Interestingly, we’re seeing Torremolinos coming back into fashion right now too. The town has left its rather dubious 1980s reputation in the dust and is now a popular haunt for both Spanish and international visitors. In fact, its popularity with domestic tourists means that Torremolinos has a wonderful, authentic Spanish vibe.

What is it about the Costa del Sol that causes so many holidaymakers to want to return there again and again?

There are several reasons that the Costa del Sol remains so popular. The bountiful sunshine and year-round warm climate call to many visitors, but there’s plenty more to the area than just the ‘sol’ for which it is so well known. From outstanding sandy beaches to over 70 golf courses that can be enjoyed all year long, this stretch of coastline offers a wealth of pleasurable experiences.

The lifestyle and gastronomy of the local area are also attractive, as are its many cultural and historic monuments. From a practical standpoint, the Costa del Sol is very well connected, with an international airport and a number of low-cost carriers. The fact that English is widely spoken and that the cost of living here is low compared to many other European countries also serves the area well in terms of attracting visitors from overseas.

Why is it that the Costa del Sol works so well as a retirement destination, as well as a place to visit?

Many people seek out year-round warmth for their retirement years, which obviously the Costa del Sol can provide. It’s also got great health services, a low cost of living, a relaxed lifestyle and good connections, be they by plane, bullet train, boat (there are several marinas) or car along the region’s modern motorways.

What tips would you give to anyone thinking of buyer a Costa del Sol property this year?

Always buy direct from a well-known developer such as Taylor Wimpey España! We’ve been building here for 60 years, which means that buyers can expect high quality finishes, native speakers of their first language and exceptional customer service. Sadly that’s not the case with every developer in the Costa del Sol.

What are the latest building/design trends in terms of second homes on the Costa del Sol?

Contemporary properties in this area boast large windows and terraces in order to maximise enjoyment of the Spanish sun. Interiors are open plan for relaxed and connected family living, with tech features including USB sockets, WiFi and charging points for electric cars.

We’re also seeing plenty of energy saving appliances in use in the latest Costa del Sol homes, from modern showers to highly efficient heat pumps and air conditioning units.

Other than the Costa del Sol, where should second home buyers be considering closely in Spain this year? 

The Costa Blanca is always a good choice. It offers lower prices than the Costa del Sol, while still offering an excellent climate, relaxed lifestyle and good international connections. Mallorca and Ibiza are also great locations for second homes, offering a vibrant, stylish experience that comes with all the unique quirks of island life.

 

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.

Why has Birmingham led UK house price growth since the Brexit vote?

Why has Birmingham led UK house price growth since the Brexit vote?

United Kingdom ,
  • Birmingham house prices up 16% since June 2016 (Hometrack)
  • City centre population growth of 163% is 2nd fastest in UK (ONS)
  • Extensive inner city regeneration driving demand for homes (Surrenden Invest)

Birmingham has enjoyed a 16% increase in house prices since the Brexit vote in June 2016, according to the latest UK Cities House Price Index from Hometrack. The December 2018 figures show that home values there have increased more than in any other UK city since the vote. Meanwhile, the government’s House Price Index shows that the West Midlands enjoyed greater price rises than any other English region during 2018, with an increase of 5.2% more than doubling the national average rise of 2.3%. So what is it about Birmingham that has enabled its housing market to flourish so spectacularly?

“Birmingham has just the right combination of factors to make it an exciting place to live as well as to invest. It is a city with a strong cultural offering, as well as a booming business environment, which means that professionals and their families can enjoy urban life in Birmingham to the max. At the same time, it’s 65,000-strong student population is building a wealth of future talent.

“In terms of the residential property market, Birmingham has some outstanding investment prospects. The regeneration work currently taking place in the B1 postcode zone is a prime example of urban planning at its best.”

Jonathan Stephens, MD, Surrenden Invest

Birmingham is known as being the youngest major city in Europe. With 40% of the population aged 25 and under, it is packed with bright, ambitious youngsters who are driving the city’s economic success.

The city also has a superb infrastructure in place, with a cultural offering that drives its tourism sector and delights local residents. Museums, theatres and art galleries abound, while those who prefer to shop and dine in their spare time have a wealth of high end locations to choose from. The upscale Mailbox is home to a range of designer stores and luxurious eateries, while the Bullring and recently completed Grand Central shopping centres between them provide an extensive retail offering.

The development of 34 luxurious apartments at No. 76 Holloway Head, in the heart of the inner city B1 postcode zone, is a leading example of why Birmingham property is so appealing. Brought to the market by specialist property investment agency Surrenden Invest, the homes are just two minutes from the very best that central Birmingham has to offer, including Selfridges, the Bullring and Grand Central. The Mailbox is even closer, delivering all the lifestyle benefits of having the city’s most upscale shopping and dining destination almost on the doorstep. As city centre connectivity goes, it doesn’t get much better than this!

The Holloway Head and Mailbox location represents the epitome of inner city living. It’s the ideal spot for young, urban professionals who are looking for one location where they can eat, work and play. Not only can residents enjoy access to all that the city centre provides, by being just a moment’s walk from the very best that central Birmingham has to offer, but investors will have a chance to benefit from one of the city’s most exciting regeneration zones. No. 76 is located opposite Concord House, which is home to Birmingham’s most expensive apartment (a penthouse that sold for a cool £1.8 million). It’s position on Holloway Head – dubbed the new “Millionaires’ Row” by local media – links it to the new SBQ buildings, which will connect it to the Bullring.

The huge Arena Central and Paradise Birmingham developments are also just a stone’s throw from No. 76, which launches this weekend. Regeneration work already completed in the local area shows the vast commitment to this part of the city. The immediate vicinity includes the already-completed £350 million Brindleyplace development, while future work on Arena Central and Paradise Birmingham will add 3 million square feet of vibrant, mixed use development space, with some £1.1 billion being invested into the area.

It is projects such as this that give Birmingham such solid future potential. At the same time, the city’s population is booming, with inner city living at the core of the expansion. Between 2002 and 2015, Birmingham’s city centre population increased by 163% according to Office for National Statistics data, making it the second fastest growing city centre in the country (Liverpool just pipped it to the post, with growth of 181%).

“This rapid population growth is contributing greatly to the success of Birmingham’s property market, with demand for rental accommodation shooting up hand in hand with demand for homes to buy. And with extensive regeneration work making city centre living more and more desirable, we expect to see this demand continue to rise for a good number of years, particularly as the hosting of the Commonwealth Games in 2022 will place even more emphasis on what a great city Birmingham is.”

Jonathan Stephens, MD, Surrenden Invest

 

For more information, visit www.surrendeninvest.com or call 0203 3726 499

New show homes demonstrate the best of Spanish living, as visitor numbers reach record-breaking levels

New show homes demonstrate the best of Spanish living, as visitor numbers reach record-breaking levels

Spain ,
  • Nearly 83 million tourists visited Spain in 2018 (INE)
  • Home sales up 10.1% and visitor spending up 3.3% in 2018
  • 2 new Taylor Wimpey España show homes generating keen visitor interest

Visitor numbers to Spain have hit record-breaking levels for the sixth consecutive year, following a ninth consecutive year of growth. 82.8 million people flocked to Spain for their holidays during 2018, according to the Spanish National Institute for Statistics (INE) – 1.1% more than in 2017. Visitors were also freer with their cash in 2018, with spending up by 3.3% to around €1,086 per visitor.

Home sales also shot up in 2018 – by 10.1% over the course of the year, according to the latest figures from the INE. With both tourism and the housing market booming, leading Spanish home builder Taylor Wimpey España is racing to meet the demand for holiday homes in hotspots such as the Costa del Sol and Costa Blanca. Together with its operations in Mallorca, the expert builder is launching six schemes in the first half of 2019. It has also just launched two superb new show homes, designed to enable visitors to feel what it would be like to own a second home in Spain.

When we create a show home, the idea is to provide the perfect balance of tasteful elegance while still allowing visitors to picture how they would place their own stamp on the property. It’s a practiced art! It’s also important to create interiors that work with the flow of each individual property, which varies from development to development.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

The new show home at Horizon Golf, in La Cala Resort, Mijas (Malaga), exudes warmth and comfort. The cream, brown and copper tones bring to mind happy family holidays, as befits the development’s stunning location, which offers panoramic golf course views in a spectacular natural environment. The show home creates a sense of welcome the moment visitors arrive, enabling them to truly imagine what it would be like to enjoy such a fantastic property for themselves. The three-bedroom townhouses are priced from €435,000 plus VAT, with airy rooms and large terraces providing a lovely setting for creating cherished family memories. There’s also a time-limited offer to purchase one of the €455,000 (plus VAT) homes at Horizon Golf and get furnishings included in the purchase price.

Along the coast on the Costa Blanca, Kiruna Residencial also boasts an elegant new show home. The sleek, contemporary interior delivers an air of sophistication and style – this is a property that visitors can picture welcoming their friends to and entertaining in, as well as enjoying themselves. The bold use of glass to divide up the townhouse’s living space means that the spacious property is filled with light, enabling visitors to imagine themselves enjoying it whatever the season. Prices start from €168,000 plus VAT for a three-bedroom townhouse.

With tourism in Spain continuing to go from strength to strength, show homes will remain an important part of the country’s second home offering. The tourism industry as a whole grew by 3.1% in 2018 in terms of its number of jobs, with the creation of an additional 50,093 jobs, according to Social Security figures. With second homes drawing visitors back to the country time and again, the role of second homes in supporting wider tourism spending is not to be underestimated.

“Purchasing a second home in Spain shows a commitment to returning to the country repeatedly over a number of years, so it’s great news for the Spanish economy, both in terms of the property purchase and as a result of the future contribution to the tourism sector. Of course it’s also of huge benefit to the buyer, providing them with the perfect holiday home and, ultimately, the option to retire to Spain in the future should they so wish. It’s a situation in which everyone wins and show homes are often the very first step in that process.” 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

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.

Foreign investment in Spain hits 5-year high, with Costa del Sol winning over second home buyers

Foreign investment in Spain hits 5-year high, with Costa del Sol winning over second home buyers

Spain ,
  • Foreign investors accounted for 68% of Spanish real estate investment in 2018 (Savills Aguirre Newman)
  • Notable uptick in residential property investment in 2018 (Taylor Wimpey España)
  • Buyer Marc Dechoux cites personal use and investment as reasons for buying in Spain from overseas

Savills Aguirre Newman has reported record levels of foreign investment in Spanish real estate in 2018. A total of €10,800 million was poured into Spanish real estate over the course of the year. Foreign investors accounted for 68% of that total – around €7,300 million. The figure was the highest for five years and up 23% on the amount invested in Spanish property by foreign buyers in 2017.

The uptick in investment from overseas buyers was certainly noticeable in 2018. The appetite from real estate buyers from Europe and the US has been particularly strong and we are confident that 2019 will also be a strong year for the Spanish real estate sector as that interest continues.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

As was observed by leading Spanish home builder Taylor Wimpey España, the Savills Aguirre Newman figures show that 85% of the volume of cross-border operations came from Europe and the United States, which together accounted for just under 57% of the total investment. The e-commerce, retail and office sectors performed particularly well, while the Spanish second home market also went from strength to strength.

One of those who bought a second home in Spain from overseas in 2018 was Marc Dechoux. Marc purchased a home at La Floresta Sur on the Costa del Sol, where key-ready homes are available from €228,000. The two-bedroom homes are just 40 km from Malaga’s international airport, nestled among numerous excellent golf courses and the nearby beaches of Elviria, Cabopino and Bahía de Marbella (Marbella Bay).

Having found La Floresta Sur on a property portal while at home in France, Marc was drawn to the development’s nice location and quality features. The site boasts a communal swimming pool and striking surroundings, which have been declared a natural biosphere reserve by UNESCO.

Like many foreign buyers of Spanish real estate, Marc was looking for a property that would serve as both a holiday home and an investment. La Floresta Sur ticked all the right boxes, with Marc describing it as, “the right apartment at the right price (lovely location, high standard of construction specifications combined with a nice apartment setup).”

After a smooth and efficient transaction, Marc was soon enjoying his new Spanish home. The ease with which the transaction took place is another reason that investors are so keen on Spain right now. Quite simply, it is an easy country in which to invest in real estate, particularly for those who opt to do so through reputable property developers such as Taylor Wimpey España.

“We’ve been operating in Spain for 60 years now and I’ve personally been involved with Taylor Wimpey España for 25 years. Providing buyers with a clear, established route to purchase property here is just as important as the properties themselves. People buy holiday homes for a range of reasons, but one thing they all have in common is that they want the transaction to take place quickly and with minimal hassle. Delivering that superb customer experience is part of what has enabled Taylor Wimpey España to thrive in Spain for so many years.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

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.

Britons rush to gain Spanish citizenship before Brexit

Britons rush to gain Spanish citizenship before Brexit

Spain ,
  • British requests for Spanish citizenship treble from 2015 to 2018 (General Directorateof Registries and Notaries of Spain)
  • Foreign buyers now account for 15% of Spanish property sales (Fiabci Spain)
  • Taylor Wimpey España legal completions up 13.6% in 2018

Leading Spanish home builder Taylor Wimpey España has reported a 13.6% uplift in legal completions of its properties in 2018, as the Costa del Sol, Costa Blanca and Mallorca remain prized locations for second home owners. The number of foreigners buying in Spain has also risen, hitting 15% according to Fiabci Spain.

Spain’s property market is absolutely thriving right now and foreign buyers are playing an important role in that. Foreign buyer numbers have been rising steadily over the past decade and demand for second homes in beach and golf resorts is incredibly high.” 

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Taylor Wimpey has responded in force to the strong demand for their stylish, spacious homes, with six new developments launching in the first six months of 2019. That follows the legal completion of 342 homes in 2018.

Interestingly, but perhaps not unsurprisingly, the number of British people wanting to make Spain part of their lives has shot up in the last few years. The number of Britons applying for Spanish citizenship in 2018 was treble the number who applied in 2015, according to the General Directorate of Registries and Notaries of Spain. Assurances from the UK government that Britons living in EU member states will continue to receive the UK state pension, even in the event of a no deal Brexit, have bolstered the confidence of many who are seeking to hang on to their freedom of movement and other EU membership benefits after 29 March.

Brits are still enamoured with Spain as a holiday destination too, with visitor numbers increasing by 2.8% in November 2018 compared to November 2017. They remain the top nationality for visitors to Spain, with 17.64 million visiting between January and November 2018.

The number of registered housing sales in Spain has also increased by 2.8% when comparing November 2018 with November 2017, according to Spain’s National Statistics Institute. That figure rises considerably for certain areas, with Andalusia seeing an annual variation of 10.6%.

Developments such as Taylor Wimpey España’s Green Golf are well placed to serve those looking for something particularly special in Andalusia. Offering marvellous views over Estepona Golf, the private gated community provides luxurious three-bedroom townhouses. Pools and garden areas complement the stunning views, while the apartments themselves boast generous terraces. Prices start from just €280,000 plus VAT.

“Areas such as Andalusia continue to draw in not only considerable numbers of tourists, but also those who want a deeper connection with Spain and are looking to make it a more established part of their lives. For some of our buyers, that means a second home, while for others it means making Spain their primary residence. Either way, they benefit from all that this beautiful part of the country has to offer, from its fabulous climate and cuisine to its beaches, golf courses and so much more.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

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.