Are kitchens and bathrooms a second home’s best selling points?

Are kitchens and bathrooms a second home’s best selling points?

by Charly Spain
  • Taylor Wimpey España property buyers up c.28%
  • Kitchens and bathrooms ‘give a home its soul’
  • Light and quality are most important features

The stunning apartments of Cala Magrana III on the Spanish island of Mallorca bask in the afternoon heat haze. The noise of the gently lapping waves can just be heard as owners enjoy the magnificent view of the sea sparkling in the bright sunlight, while they sip cooling drinks on their generously proportioned terraces. In the grounds, children splash happily in the large communal pool.

The importance of kitchens and bathrooms is probably the last thing on their minds, yet Marc Pritchard, Sales and Marketing Director of leading homebuilder Taylor Wimpey España, which built the development, believes that it is those very rooms that led to many of these owners buying their second homes in the first place. He explains,

“Sea views and terraces provide the initial wow factor, but it is the kitchen and bathroom that enable buyers to picture themselves actually spending time in the property – they give a home its soul. It’s why we place such emphasis on these rooms in every development that we design.”

Light and quality are the two features that contribute to the perfect kitchen, according to Marc.

“We always ensure that kitchens have at least one large exterior window, so that they are full of light. Kitchens are true family spaces and we want people to be able to image themselves spending time in them, from Mum or Dad preparing a feast for the whole family to teenagers grabbing snacks from the fridge and little ones pestering for treats.”

High quality appliances and materials are also essential. An attractive appearance backed by practical considerations is ideal, believes Taylor Wimpey España. Plentiful cupboard and drawer space, alongside high spec fixtures and fittings, will ensure that owners have the tools they need to enjoy their kitchens fully.

Apartment layout is also important when it comes to kitchens, with open plan kitchens flowing into indoor and outdoor living areas in order that family and friends can share time together comfortably, even while preparing meals.

For bathrooms, the same rigorous standards are applied to the quality of fixtures and fittings. As Marc Pritchard observes,

“Little details can make a real difference. A modern mixer tap, an easy-to-clean shower screen, carefully positioned plug sockets… they’re not the most exciting details but every element contributes to making the perfect bathroom.”

Lighting is important in bathrooms, as well. Materials are chosen based on how they will reflect or absorb light and contribute to the overall luminosity of the room. It’s a delicate balance – a bathroom that is too bright can feel clinical and impersonal, yet one that is too dim offers a poor environment for completing tasks like shaving or putting on makeup.

“There’s so much more to kitchens and bathrooms than meets the eye!” concludes Marc. “A huge amount of thought goes into their design and though they might not initially come across as the property’s most exciting features I really do believe that they can be the rooms that turn prospective buyers into happy owners.”

The figures certainly seem to back the theory. Cumulative data to July 2015 shows that Taylor Wimpey España buyer numbers have increased by c.28%. Meanwhile just-released data for July shows that Brits are leading the charge, accounting for 20% of purchases, while German buyers account for 15% and Scandinavians for 14%.

The two last key ready properties at Cala Magrana III are available from €220,000.

For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Value of second homes overseas revealed as 91% of holidaymakers opt for repeat destination breaks

Value of second homes overseas revealed as 91% of holidaymakers opt for repeat destination breaks

by Charly Portugal Spain , ,
  • UK workers entitled to just 5.6 paid weeks of leave per year (Gov.uk)
  • 91% of Britons prefer to repeatedly visit the same holiday destination (Staysure)
  • 1 in 5 returns within a year (Staysure)

Almost all UK workers are entitled to 5.6 weeks’ paid holiday per year, though that can include bank holidays. With so little precious time to spare, is it any wonder that the latest survey from Staysure has revealed that as a nation we opt for the comfort of a known quantity when it comes to holidaying overseas?

The Staysure research has revealed that 91% of Britons prefer to visit the same holiday destination repeatedly, with one in five returning to the same place within the course of a year. The known quantities of great weather, good food and convenient travel times were cited as the most common motivations for returning to the same place. This was weighed against the fear that a new destination would not provide as much enjoyment and result in a disappointing holiday.

With so little paid holiday available, this attitude is entirely understandable and is precisely why second homes overseas are so popular. Marc Pritchard, Sales and Marketing Director of leading Spanish homebuilder Taylor Wimpey España, comments,

“When it comes to travelling overseas, most holidaymakers have a fixed idea of where they want to go and so a home from home in their favourite spot makes absolute sense.”

Taylor Wimpey España offers holiday homes in two of the locations that the survey respondents voted as being the most popular: the Spanish island of Mallorca, which took third position, and the Costa del Sol, which came in sixth.

On Mallorca, key-ready apartments with wide terraces and a fantastic communal pool, all within strolling distance to the beach such as those at Cala Magrana III, can be purchased from €220,000. On the Costa del Sol, a luxury two bedroom apartment near Puerto Banus can be picked up for €310,000, at Avalon.

A third Spanish location made it into the top 10 favourite repeat destinations: the Catalonian capital city of Barcelona. The much-loved city attracts hordes of visitors every year, as Martin Dell, Founder of Spanish property portal Kyero.com, which lists more than 200,000 homes from 3,000 estate agents, observes,

“Barcelona has everything a holidaymaker could want. Its architecture simply cannot be beaten. The weather is amazing throughout the summer months. The restaurants and street food markets are a gourmet paradise. There are countless cultural attractions and the city has a vibe unlike any other.”

Second home options in the city abound and the current exchange rate means Brits can get a lot more for their money, such as this five bedroom apartment with spacious roof terrace, available in the central El Eixample area of the city for a cool €1.1 million.

One other Iberian destination also made the top 10 – Portugal’s sun-drenched southern Algarve region. Popular with holidaymakers from the UK, Ireland and the Netherlands, as well as (seemingly) half the population of Lisbon, which decamps southward for a month every summer, the Algarve offers stunning beaches, family-friendly restaurants, water parks, world-class golf courses and even a mountain of two for those who prefer to holiday at a height.

Ideal Homes Portugal, one of the area’s leading estate agencies, has homes across the region, ranging from city centre apartments for under €100,000 to luxury villas with their own pools and unique features. For €335,000 you can even pick up a villa with a pool and its own windmill.

For more information please contact:

Kyero.com: www.kyero.com 

Taylor Wimpey España: +44 08000 121 020 or www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Ideal Homes Portugal: 0800 133 7644, +351 289 513 434 or www.idealhomesportugal.com.

 

More flights, more people and more second home sales mean higher prices on Mallorca

by Louise Spain ,
  • Balearic Islands attract 18% of all Spanish holidaymakers (HomeAway)
  • Passenger numbers at Palma Airport up 2.9%in H1 2015
  • Five new weekly flights to Palma from the UK from spring 2016 (Jet2)

Spain’s Balearic Islands are one of Europe’s most attractive and loved summer sun destinations. Holidaymakers from mainland Spain, along with the UK, Germany and Italy flock to the islands every year, craving their perfect balance of sun, sea and sandy beaches. Amongst Spanish residents, the Balearics come second only to Andalusia in terms of popular tourism destinations, accounting for 18% of total bookings according to HomeAway figures.

The principle island of Mallorca saw 9.54 million visitors arrive through Palma Airport during H1 2015, an increase of 2.9% over the same period last year. Both April and May saw passenger numbers reach record levels. The figures are good news for the island’s property market, as Marc Pritchard, Sales and Marketing Director of leading homebuilder Taylor Wimpey España, explains,

“More visitors arriving in Mallorca has had a positive impact on the island’s economy and has pushed up demand for second homes, with many of those who visit – myself included – falling in love with Mallorca almost on first sight.”

Marc was an early advocate of island life, moving to Mallorca back in 1989. Since then, the island has changed dramatically, yet has still retained its essential charm and stunning, unspoiled vistas, from pristine beaches to steep, rocky mountains.

Now, with more visitors and holiday home sales booming, Mallorca is enjoying property prices rises of up to 10-15% in some locations, according to one local estate agency. Apartments with outdoor space in good locations are the properties most in demand, advises Marc Pritchard,

“Buyers want to enjoy the sunshine at home, as well as at the beach, so homes with well appointed terraces that offer space for sunbathing or for outdoor dining sell particularly well.”

Two of Taylor Wimpey España’s most popular developments on the island are Cala Magrana III and Cala Anguila II. Both enjoy extensive grounds, with lush landscaping and large shared pools. Individual apartments all have generous terraces and well considered views, in addition to high spec interiors. Prices start from €220,000 at Cala Magrana III and from €230,000 at Cala Anguila II.

For second home owners from the UK, access to Mallorca is set to get even easier from 2016 onward, with British airline Jet2 opening a new line between Manchester and Palma from February 2016, with up to three flights per week, and between Edinburgh and Palma, with two flights per week from March. Jet2’s Steve Heapy has commented that the flights should help to combat tourism seasonality and holiday home owners will certainly want to take advantage of this, as part of the joy of owning a second home on Mallorca is the ability to enjoy the island not just during the peak of summer but also earlier and later in the year when the masses have headed home.

So, will the new flights contribute to further price increases on the island, as demand continues to soar?

“It’s certainly possible,” concludes Taylor Wimpey España’s Marc Pritchard. “Mallorca has proven itself to be an enduringly popular location over the years and demand for high quality properties here is high right now. If demand continues at this level I think we can look forward to prices continuing to rise over the months and years ahead.”

For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Desert island bricks – luxury, seclusion and sea views prove a winning combination

Desert island bricks – luxury, seclusion and sea views prove a winning combination

by Charly Cyprus Spain , ,
  • Private jet flights to islands increase 69% in past 10 years (NetJets)
  • Online island property viewings up 21% in 2014 (Knight Frank)
  • Demand for affordable and luxury properties on a par (Kyero.com)

Island living is on the up. According to the latest Island Report from Knight Frank, luxury, seclusion and sea views are inspiring many buyers to opt for an island second home rather than one on the mainland.

The report challenges the perceptions about island property ownership. It is no longer something enjoyed only by high net worth individuals, though of course they play their part. In fact, data from NetJets has shown a 69% increase in private jet flights to island destinations between 2004 and 2014, with the Balearic Islands of Ibiza and Mallorca each registering an increase of 100%.

But even for those buyers limited to airfares closer to the EasyJet price range, island property ownership is an affordable and exciting prospect. Martin Dell, Founder of Kyero.com, which covers both sales and rentals of Spanish island properties, comments,

“Ibiza is really popular at the moment and presents an interesting case study in terms of property purchases. There’s a really even split between enquiries for luxury properties costing €500k to €1m and those at the more affordable end of the market (€150k to €200k). The figures demonstrate the broadening appeal that island property ownership has – it is increasingly seen as an achievable goal that everyone can aspire to.”

Issue 24 of the quarterly Kyero.com Enquiry Report, covering April to June 2015, shows just how even the split is, with 21% of Ibiza enquiries in the €150k to €200k price range, compared with 20% in the €500k to €1m bracket.

Ibiza was one of the islands highlighted in the Knight Frank Island Report as well, with tourists numbers there reported to have risen 12% in 2014. Prices for luxury residential properties there rose by 5% over the course of last year and Knight Frank’s Ibiza property website viewings shot up by 11% in Q1 2015, compared with the previous quarter.

Mallorca viewings have also risen sharply, with Knight Frank reporting a 31% surge in traffic during Q1 2015. The largest of the Balearics and the setting of ITV’s recent ‘Love Island’ series, Mallorca offers just the right combination of sea, sand and seclusion to tempt holiday home buyers. Marc Pritchard, Sales and Marketing Director of leading Spanish homebuilder Taylor Wimpey España was drawn in by the island’s charms and has now lived there for more than 25 years. He comments,

“Mallorca’s appeal lies not just in its fabulous scenery and pristine beaches, but also in its connectivity. It has year-round flights to the UK and other European destinations, which make it an ideal spot for a second home. It also benefits from some good international schools and top-range facilities, just as Ibiza does. Of course, the exchange rate right now adds to its attractions as well so far as UK buyers are concerned, with purchasers able to get a lot more for their money.”

For €230,000, for example, buyers can pick up a stunning property at Cala Anguila II. With direct beach access, delightful sea views, a sizeable communal pool and prettily designed gardens, the two and three bedroom apartments provide luxurious island homes for buyers looking to escape to the serenity of Mallorca.

Beyond the Balearics, Cyprus is a popular island location for second homes, particularly with UK-based buyers. The third largest and third most populous of the Mediterranean islands, Cyprus has seen some 28% of its property market made up of overseas buyers, according to the June Land Registry figures. Paphos, on the west coast, is one of the most popular areas, with sales there increasing by 20% in June according to the Land Registry data.

Cyprus offers some incredible properties and it is easy to see why so many overseas buyers seek out this island location for their second home. This four bedroom, three bathroom villa with infinity pool at Alexander Heights, in the Aphrodite Hills, is available for a cool €2,797,501. The careful design has ensured that each villa at the development enjoys its own private landscaped garden, with spectacular views out over the sea, affording a high degree of privacy. As well as the heated pool, the villa benefits from a Jacuzzi and a versatile basement area that can be used as an additional bedroom, games room, TV room or even have a sauna installed.

According to Knight Frank, online viewings of its island-based properties increased by 21% in 2014 and the leap in interest looks set to carry through to 2015, as increasing numbers of second home buyers leave the mainland behind in their search for the ultimate island getaway.

For more information please contact:

Kyero.com: www.kyero.com 

Taylor Wimpey España: +44 08000 121 020 or www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Ideal Homes International: +44 1543 325316 or www.idealhomesinternational.co.uk

Taylor Wimpey España and La Cala Resort join forces to create the Costa del Sol’s ultimate residential golf complex

Taylor Wimpey España and La Cala Resort join forces to create the Costa del Sol’s ultimate residential golf complex

by Charly Spain
  • More than €21 million to be invested
  • 700 direct and indirect jobs to be created
  • 48 apartments and 55 houses to be constructed over next 5 years

Taylor Wimpey España, a subsidiary of property developer Taylor Wimpey PLC (a listed company in the UK FTSE 100) and La Cala Resort, the company behind the prestigious complex of three golf courses and hotels in Mijas owned by FBD (the publicly traded Irish insurance company), have signed a long-term partnership that will allow them to develop 48 apartments and 55 houses over the next five years, with a total estimated investment of €21 million.

The partnership seals La Cala Resort’s position in the Costa del Sol, not just as a golf destination but also as one of the most attractive places for international tourist to visit and reside. The three excellent 18 hole golf courses, the exclusive hotel and four-star spa and the prime location just 30 minutes from Malaga airport, provide the perfect setting for capturing the growing European demand for second homes on the Costa del Sol.

Taylor Wimpey and La Cala Resort began working together in 2014, with the development of Miraval – a complex of 60 luxury apartments overlooking the golf course and sea. After 12 months of activity, more than 50% of Miraval’s properties had been purchased. In fact, the resort proved so popular that work was accelerated in order to provider owners with their new homes earlier in 2016.

This high level of interest from overseas buyers has prompted both companies to enhance and extend their working relationship. Thus January 2016 will see work begin simultaneously on a new complex of 55 townhouses and one of 48 apartments. The two developments will involve a total investment of €21 million over the coming five years.

A British company with a passion for Spain

Taylor Wimpey is an international developer, with its roots in the UK. Listed on the London Stock Exchange, it is a FTSE Top 100 company and one of the largest construction companies in the UK. During 2014, Taylor Wimpey delivered more than 12,000 homes. It has over 4,000 employees in the UK and Spain.

Taylor Wimpey España has operated in Spain since 1958, constructing prestigious real estate developments in popular areas such as the Balearic Islands, the Costa Blanca and the Costa del Sol. The company is known for its sustainable approach and respect for both the environment and the local communities in which it operates.

Taylor Wimpey España delivered a total of 220 homes in Spain during 2014.

Taylor Wimpey España’s long-standing experience of purchasing land and developing property in Spain means the company is confident in its latest Costa del Sol plans, which are attuned with its aims of building to improve its clients’ quality of life and providing added value to their properties.

Through this value-driven approach, Taylor Wimpey España is about more than just building successful housing: the company focuses on providing homes that enhance clients’ quality of life, provide top notch facilities in an attractive environment and offer the best locations and settings. Their approach is to add social, economic and environmental value in every community in which they work.

Quality, reliable services

Taylor Wimpey España is governed by three principles: construction quality, buyer confidence and first-class service delivery.

The 60 apartments under construction at Miraval will form a private, gated community with swimming pool and communal gardens. The two and three bedroom apartments feature two bathrooms, storage areas and underground parking. As Taylor Wimpey España homes, they enjoy superior construction quality and facilities, including air conditioning and heating systems, cream marble flooring in the living room and selected bedrooms, high-end sliding windows with safety glass leading to all terraces and well appointed, fully equipped kitchens.

Miraval’s apartments have been designed to optimize space and light, with large, open place living areas leading onto terraces surrounded by safety glass railings.

Both Malaga and the Costa del Sol have flourished during Taylor Wimpey España’s time there. The company is currently developing luxury second homes in several major areas of the Costa del Sol, Marbella, Mijas, Benahavis, Estepona and Ojen, totalling more than 500 residential units spread across seven key locations.

For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Brits ready with the readies in Spain this summer

Brits ready with the readies in Spain this summer

by Charly Spain
  • Brits accounted for 22% of total visitors to Spain (Jan – May 2015) (Ministry of Industry, Energy and Tourism)
  • Record 16.93% of properties bought by non-Spaniards in Q1 2015 (Ministry of Development)
  • Palma is Spain’s 3rd busiest airport, with 23 million passengers in 2014 (ENAIRE)

It looks like Spain’s hopes for a record summer are well on the way to being realised and this tourism season it is the Brits who are ready with the readies. Official government figures for April showed that UK travellers spent in excess of €1 billion in Spain, making up 19.5% of the overall visitor spending figure of €5.155 billion.

In May, the spending continued, with 6.5 million overseas visitors spending €5.89 billion – a record-breaking total and a leap of 11.8% on the previous year, according to the Ministry of Industry, Energy and Tourism. Visitors from the UK made up 22% of the total to the end of May, with France and Germany also making up significant proportions of the market.

Many of those travellers are regular visitors to Spain, which is a popular destination for second homes, particularly amongst British buyers. Marc Pritchard, Sales and Marketing Director of leading homebuilder Taylor Wimpey España, comments,

“Spain offers British buyers everything they are looking for from a holiday home location – it’s a short flight from the UK, the weather is fantastic, there are more Blue Flag beaches here than anywhere else in the world and the cost of living is low compared to the UK. It’s a winning combination, particularly with pounds stretching even further thanks the exchange rate at present.”

Nor is it just the Brits who are buoying up the Spanish property market. Figures from the Ministry of Development show that non-Spaniards accounted for 16.93% of all properties bought in Spain during Q1 2015, a rise of 17.2% over the Q1 2014 figure. Areas like the Costa Blanca, in Alicante, top the list of popular destinations, while Mallorca also attracts a large share of overseas buyers each year.

In terms of visitor numbers, Palma airport on the Balearic Island of Mallorca is the third busiest in Spain, accommodating more than 23 million passengers in 2014, according to ENAIRE (formerly Aena) statistics.

Mallorca is a long-time favourite with British and German visitors with one of the area’s most popular locations being Porto Cristo, with its pretty marina, wide expanses of golden sand and plentiful shopping and dining options.

Taylor Wimpey España currently has two key-ready developments in the Porto Cristo area. Cala Magrana III has just two two-bedroom apartments left, which are available for €220,000 as part of an end of season offer. Nearby Cala Anguila II also has only a few apartments left, with two-beds starting at €230,000. Both developments include delightful communal pools, lush gardens and easy access to Cala Anguila beach and nearby golf courses.

“Many buyers are seeing this as the ideal time to purchase Spanish property,” continues Marc Pritchard, “And our Mallorca developments have been incredibly popular. Over 50% of our apartments at Cala Anguila with direct access to the beach were sold off plan in just six months. It’s excellent news for the Spanish economy, as is the promising summer that looks to be in store in terms of visitor numbers and spending. There are a lot of signs around right now – economic indicators, unemployment figures and so forth – that the Spanish economy is undergoing a serious recovery, so buyers want to pick up properties now in order to enjoy capital gains in the coming years. And with properties in places like Mallorca, they can sit back and relax in the sunshine while they watch their capital grow.”

For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Lights. Camera. Alicante!

Lights. Camera. Alicante!

by Charly Spain

BBC’s The Travel Show has been enjoying the Spanish sunshine in Alicante of late, documenting the rise of holiday home buyers on the Costa Blanca and featuring leading homebuilder Taylor Wimpey España.

The BBC crew was keen to tap into the local knowledge and expertise that the Taylor Wimpey España team has built up through their five decades of successful property development on the Spanish Costas.

The BBC crew filmed at La Vila Paradis, Taylor Wimpey España’s beautifully landscaped development of apartments and townhouses, with views across Paraíso Beach and the sea. The gated development boasts swimming pools, private parking and communal gardens and is one of the most sought after properties on the Costa Blanca. Prices start at €260,000.

Indeed The Travel Show is the latest in a string of programmes to be filmed in Spain. Andalucía has been in the headlines for hosting the most recent season of Game of Thrones, while Mallorca is currently home to ITV’s Love Island. Spain’s reliable weather and excellent transport infrastructure make it a popular choice for film and TV programme makers.

For The Travel Show, Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España, was interviewed by presenter Ade Adepitan on the subject of Spain’s resurgence in home sales, particularly on the Costa Blanca. Ade is well known for his spearheading of the London 2012 Olympic/Paralympics and has now turned his hand to travel presenting.

The programme is set to air on 25 July 2015 and is expected to further boost interest in the Costa Blanca and surrounding regions. Taylor Wimpey España’s Marc Pritchard observes,

“TV travel programmes like this are a great way to promote an area and showcase it to prospective new holiday home owners. The Costa Blanca is one of Spain’s perennially popular sunspots and it’s fantastic to see its success being celebrated once more. It is also great to know that Taylor Wimpey España’s expertise is of sufficient value that our views were sought out as part of the show.

“Developments like La Vila Paradis are built with holiday home owners in mind, so they take account of everything that buyers are looking for. From easy beach access to a good range of local amenities, their location is carefully chosen, while facilities and build quality on site are second to none.”

For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Spanish property enquiries reach record-breaking levels, Kyero.com reveals

Spanish property enquiries reach record-breaking levels, Kyero.com reveals

by Charly Spain
  • Largest English-language Spanish property portal records busiest ever quarter (Kyero.com)
  • House prices picking up pace in coastal areas (Tinsa)
  • €50-€100k price band proves most popular (Kyero.com)

Enquiries into Spanish properties have reached record-breaking levels, Spanish property portal Kyero.com can reveal. The portal for international investors, which lists more than 200,000 homes from 3,000 estate agents, has had its busiest ever quarter, with a newly released report unveiling key facts about the current state of the Spanish property market.

Issue 24 of the quarterly Kyero.com Enquiry Report, covering April to June 2015, enables those buying and selling property in Spain to gauge the likely level of market interest in their area and to make an informed choice when it comes to resale potential.

The Q2 2015 report has revealed that properties costing between €50,000 and €100,000 are the most popular at present, accounting for 28% of all enquiries. Bargain Spanish properties have been snapped up by those from overseas as well as by domestic buyers over the past couple of years, following the price tumble triggered by the global financial crisis. However, it seems that this end of the market is tightening up, particularly in coastal areas. Valuations company Tinsa observes,

“A total of 35 resorts have seen price rises between Q1 2014 and Q1 2015.”

The previous year saw just four of those areas register price increases. The upward movement indicates that those seeking properties in the €50,000 to €100,000 range might soon have to up their budget in order to get what they are looking for.

Spain’s coastal areas are some of its most popular with second home buyers looking for a holiday home with easy access to one or more of the country’s fantastic beaches, many of which hold the Blue Flag accolade. Alicante, home of the Costa Blanca, is the most popular province, according to the Kyero.com Q2 2015 Enquiry Report, with 31% of all enquiries focusing on that region. Malaga was the second most popular area, accounting for 15% of total enquiries.

“Spain’s beaches offer some fantastic, family-friendly holidays and many of those buying here want to own a property within a short walk or drive of at least one beach,” comments Kyero.com Founder Martin Dell.

“Apartments are by far the most popular choice, accounting for 39% of all enquiries during the last quarter – a full 10% ahead of villa enquiries. Many families like the idea of owning an apartment that comes with a shared swimming pool that the condominium company maintains. It’s less hassle and expense than owning a villa with its own pool.”

The Kyero.com report also reveals that it is three bedroom properties that command the most interest, with 32% of all enquirers looking for properties of that size. Two bedroom properties came a close second, with 30% of total enquiries.

So it seems the ideal Spanish property is a three bedroom apartment in Alicante, costing between €50,000 and €100,000. Although Tinsa has hinted at the drying up of this end of the market, for now at least buyers can still find their perfect property – Kyero.com has more than 1,500 properties available that meet these criteria!

For further details on properties to rent and buy across Spain, visit www.kyero.com.

Med Madness! Perfect properties in Europe’s top tourism hotspot

Med Madness! Perfect properties in Europe’s top tourism hotspot

by Charly Albania Cyprus Italy Spain , , , ,
  • 1 in 3 tourists goes to the Med (UNWTO)
  • 90% of UK consumers travel to Europe more than they did 10 years ago (European Consumer Network)
  • Med tourists set to hit 500 million by 2030 (UNWTO)

The soft sands and warm waters of the Mediterranean are known around the world, accounting for one of every three international tourist arrivals globally, according to the UN World Tourism Organisation (UNWTO).

UNTWO’s research projects that the area will attract more than 500 million visitors annually by 2030, while the European Consumer Network has found that 90% of UK consumers are travelling to Europe more than they did 10 years ago. It makes a holiday home on the Med an attractive investment prospect for those looking to own a second home that can be used for holidays but that also has the potential to generate an income.

The classic Mediterranean destinations are all worthy of consideration when it comes to second home ownership. Italy offers abundant choice, while Spain and Cyprus have large expat communities that make retiring there an easy option for the future. Albania is the rising star of the Med locations, with some excellent properties currently attracting attention.

In Spain, the property market in coastal areas is picking up at a promising pace, as buyers look to take advantage of the bottomed out market before prices rise. Prices on the Mediterranean coast have already risen by 1.5% this year, according to valuation firm Tinsa. Upmarket areas such as Marbella and the surrounding towns are benefitting from the uptick, with new build developments such as Jade Beach, from leading Spanish homebuilder Taylor Wimpey España attracting those looking to own a prestigious property within just 100 meters of the seafront promenade leading to Puerto Banus. Prices start at €450,000.

“Previously owned properties are also selling well along Spain’s lengthy Mediterranean coastline,” confirms Martin Dell, Director of property portal Kyero.com, which offers property sales, holiday rentals and long-term rentals across Spain. “Menorca has some fantastic properties for sale right now, like this four bed, four bath villa with pool for €895,000. It’s the ideal second home for someone looking to own a fabulous holiday property that also has great rental potential.”

Taylor Wimpey España is also keyed in to the potential of the Balearic Islands when it comes to holiday home ownership. Sales and Marketing Director Marc Pritchard comments,

“Mallorca is a great play to buy and has everything from key ready apartments at developments like Cala Magrana III to new build seafront houses like those at Cala Magrana Mar. Mallorca has so much to offer in terms of both land and sea-based activities – it is one of the Med’s most enchanting destinations.”

Over in Italy, the Le Marche region’s coastline has been attracting considerable attention. Le Marche is now the area with the third highest number of Blue Flag beaches in Italy and is becoming increasingly known to international visitors for its clean, safe waters and powder-soft sands. Casa Tre Archi, the latest luxury fractional ownership holiday home from family-run company Appassionata, provides the perfect base for exploring the wonders of the Italian coastline. Fractions are available from £75,000.

Across the Adriatic Sea (an arm of the Mediterranean) from Italy is Albania, which is rapidly becoming one of the Eastern Med’s most exciting holiday home destinations. The five star luxury Lalzit Bay Resort and Spa offers everything from apartments with generous balconies to frontline villas with their own pools, with property reservation available for just €500. As well as the resort’s host of features (landscaped gardens, kids’ club, gymnasium, indoor swimming pool, medical centre, shops, library, restaurants and bars), owners can enjoy 300m of prime beach frontage, exclusively for use by Lalzit Bay Resort and Spa residents.

Cyprus is another popular Mediterranean destination for second home ownership, with a wide range of properties to tempt buyers looking for a blend of tasteful style and prime location, whatever their budget. At the higher end of the market, €868,000 is sufficient to purchase a two bedroom, two bathroom semi-detached villa with pool and stunning sea views at the prestigious Aphrodite Hills resort in Pafos. Chris White of Ideal Homes International comments,

“Cyprus is an incredibly popular location on the Med for second home owners. The climate is excellent and the beaches simply fantastic. With several international influences, the island has developed a unique and enticing cuisine and cities such as Pafos have a rich architectural heritage, along with ‘living history’ archaeological sites like the Tombs of the Kings. From quick holidays to longer-term stays, it is a perfect location for those looking to buy property overseas.”

For more information please contact:

Taylor Wimpey España: +44 08000 121 020 or www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Kyero: www.kyero.com

Appassionata: +39 33154 13225 or www.appassionata.com

Lalzit Bay Resort & Spa: +44 845 125 8600 or www.lalzitbay.com

Ideal Homes International: +44 1543 326315 or www.idealhomesinternational.co.uk

Tie the knot or buy some bricks? Which would you choose?

Tie the knot or buy some bricks? Which would you choose?

by Charly Portugal Spain United Kingdom , ,
  • Average UK wedding now costs £20,983 (You and Your Wedding)
  • 47% of women and 48% of men aged 20 will never marry (The Marriage Foundation)
  • Average UK first time buyer needs income of £41k, while average wage is £22k (KPMG)

You grow up, get married, buy a house and have 2.4 children. At least that’s how things used to work. These days an increasing number of young (and indeed not so young) couples are having to make a choice between their dream wedding day and their dream of owning their own home.

In the US, the average wedding (excluding the honeymoon) cost $31,213 in 2014 according to the Real Wedding Survey. In Ireland, couples now shell out €19,635 on their big day (Mrs2Be), while in the UK, You and Your Wedding has found that the bill now totals £20,983.

Of course, £20,000 won’t buy you a house in the UK, but it could make all the difference in obtaining a mortgage when used as a deposit. This is the take of the ING International Survey, published in June 2015, which examined whether couples were sacrificing their ‘big day’ in favour of home ownership.

The results speak for themselves: 60% of people across Europe were found to opt for spending on a house rather than on their wedding day. With home ownership becoming an increasingly unattainable goal and the cost of living rising faster than wages, betrothed couples seem to have a pragmatic mindset when it comes to matters of the heart.

Ray Withers, Chief Executive of specialist property investment company Property Frontiers, comments,

“The UK has a real problem in terms of lack of housing supply and that is one of the factors that has driven prices up in recent years. It’s meant a fantastic boom for the buy-to-let sector, as young professionals opt to rent in city locations during the early stages of their careers, but the age of first time buyers has gradually been pushed up and up as a side effect.”

Nationally, the average first time buyer in the UK is now 31 years old, according to The Sunday Times Money, while a KPMG report has found that they need an income of £41,000 – almost double the average UK wage of £22,000. With 100% mortgages a distant memory, buyers are increasingly having to choose between a life of wedded bliss and a roof of their own over their heads.

Some are considering a wedding overseas as a way to cut costs, but even in countries such as Spain, where the cost of living is lower than in the UK, nuptials can still be pricey. Bella Wedding reports the cost of a boutique hotel wedding for 60 guests in Spain as €18,000.

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

“A wedding in the Spanish sunshine is a lovely idea and can be cheaper than getting married in the UK, but many couples are still having to chose between that and using their cash as a deposit. The reality is that pragmatism has to come before romance in many households these days. For couples in Spain, the ING survey showed that 70% would rather spend their money on a house than on their wedding day – higher than the European average of 60% and the UK average of 67%.”

The €18,000 cost of a Spanish wedding would serve well as a deposit on a seafront apartment at a development like La Recoleta III, on the Costa Blanca, or perhaps an exciting renovation project with two houses and land in neighbouring Portugal.

With couples increasingly preferring to opt for property ownership instead of a wedding day, it is understandable that the marriage rate in the UK is falling, though the statistics from The Marriage Foundation that 47% of women and 48% of men aged 20 will never marry really do throw the issue into stark relief. Until the UK starts building homes at a faster rate, it’s a trend that looks set to continue, with the number of cohabiting couples increasing with each generation. Still, at least they will be cohabiting in homes that they own.

For more information please contact:

Property Frontiers: +44 1865 202 700 or www.propertyfrontiers.com

Taylor Wimpey España: +44 08000 121 020 or www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

Ideal Homes Portugal: 0800 133 7644, +351 289 513 434 or www.idealhomesportugal.com.