Another record breaker! Spanish tourism levels hit new heights

Another record breaker! Spanish tourism levels hit new heights

Spain
  • Tourist spending up 6.5% to €63 billion in 2014 (PM Rajoy)
  • Booming tourism benefits construction, particularly on the Costa Blanca (Taylor Wimpey España)
  • Tourism now accounts for 10.9% of Spain’s GDP (PM Rajoy)

Spain is celebrating a record year of tourism, having welcomed nearly 65 million foreign visitors in 2014. Prime Minister Mariano Rajoy has confirmed that between them visitors spent an impressive €63 billion, up 6.5% on the previous year.

Tourism accounts for 10.9% of Spain’s GDP, according to the PM, generating 1 in every 9 jobs. Prime Minister Rajoy has stressed the area’s importance, saying it is, “a strategic sector for both the present and the future of our economy.”

The impact of the record-breaking year has been felt far and wide across Spain, with the country’s tourism minister recognising it as, “one of the key sectors in Spain’s economic recovery.”

Executive Vice president of Exceltur, José Luis Zoreda, comments,

“Tourism is leading the generation of net employment, closing 2014 with 53,213 enrolled in Social Security, 4.1% more than in 2013.”

He adds that tourism has given a boost to several related sectors, including commerce and construction. It is something that Marc Pritchard, Sales and Marketing Director for leading homebuilder Taylor Wimpey España, has observed as well. He comments,

“Rising visitor numbers are great news for Spain’s construction sector. Certainly here at Taylor Wimpey España we have noticed strong demand for luxury holiday properties from buyers hailing from a wide range of countries. Spain has such an enchanting effect on so many people that they want to come back again and again, so buying a second home here is the perfect solution.”

The Costa Blanca is one of the areas to have benefited from Spain’s booming tourism trade. The Mayor of Calpe, César Sánchez, has highlighted the area’s cuisine and beaches as two of the leading reasons for its success and Taylor Wimpey España’s Marc Pritchard is certainly in agreement.

“We selected Calpe as one of the most beautiful and desirable areas of the Costa Blanca and our influx of buyers have shown that it was the right choice. Our charming Calpesol development, where three bedroom houses are for sale from €179,500, has only two properties left available. Our other Calpe site, Montesol, has proven equally popular, with just three townhouses left, priced from €249,000. The area’s blend of excellent food, good wine, stunning scenery and family friendly beach is a truly winning combination.”

Though it is early in 2015 to be predicting another record year for Spanish tourism, indications are that the figures should once more be good. Ryanair has reflected its confidence in the Spanish market by confirming that it will offer a total of 26 routes into and out of Valencia this summer, totalling 121 flights per week from that airport alone.

With its winning combination of sun, sand and sangria, Spain is consistently ranked as one of the world’s most popular tourist destinations, but it seems that the powers that be are not taking anything for granted and are working hard to ensure that the Spanish experience is one that delights visitors from across the world.

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.

Turn SAD to HAPPY: beat the winter blues with a beachfront second home in the Costa Blanca

Turn SAD to HAPPY: beat the winter blues with a beachfront second home in the Costa Blanca

Spain
  • Light therapy provides relief to 50-80% of SAD sufferers (Online Psychology Degree)
  • Costa Blanca enjoys 325 sunny days per year (Holiday Weather)
  • Properties in the Spanish sunshine available from just €142,000 (Taylor Wimpey España)

Seasonal affective disorder (SAD) touches upon many people over the winter months, manifesting as moodiness, lack of energy, social withdrawal, carb cravings, weigh gain or full blown depression. Research shared by the Online Psychology Degree website has shown that some 50% of sufferers find antidepressants to be effective in combatting SAD, but that light therapy is significantly more effective, providing relief to between 50-80% of sufferers.

Taking advantage of daylight is a key driver in the fight to combat SAD. A study by scientist Mirjam Muench showed that even just a few extra hours of natural daylight can help the brain’s cortisol levels to be naturally balanced, increasing levels of alertness and reducing stress. This is true of people suffering from SAD and of those who are not – in a nutshell, more daylight means more happiness.

Many of those who buy second homes overseas highlight the weather as one of their main motivators and it is something that leading Spanish homebuilder Taylor Wimpey España takes into account when selecting the sites for its properties. Marc Pritchard, Sales and Marketing Director, explains,

“Spain is the perfect place for banishing those winter blues and the Costa Blanca, enjoying some 325 sunny days per year according to Holiday Weather, is the ideal location for maximising exposure to natural light and enjoying the outdoor lifestyle.”

Taylor Wimpey España’s stunning new front line properties there, with direct access to the beach, are packed with features like full length, sliding glass doors and well appointed terraces to ensure that outdoor living is fully embraced. At La Recoleta III in Punta Prima, Torrevieja, the Mediterranean style buildings enjoy outstanding views of the sea and owners can stand on their terraces and let the sunlight dancing on the water fill them with relaxation. Prices start at €142,000 for a two bedroom/two bathroom apartment.

La Vila Paradis at Villajoyosa also enjoys direct beach access, with prices starting at €239,000. The apartments and townhouses feature gardens at ground level and terraces on the upper levels, providing ample space for sunbathing, dining outside or simply relaxing in the sun with a book. Both La Vila Paradis and La Recoleta III benefit from Taylor Wimpey España’s signature combination of communal pools, high spec finishes and great location in terms of local facilities.

It is not only adults who are susceptible to the winter blues, as any parent whose children have become restless and mischievous cooped up in the house over the course of a rainy weekend can testify, so a second home in the Spanish sunshine can be of benefit to the whole family. The UN General Assembly has decreed 2015 to be the Year of Light – now that’s something that every family can get on board with!

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.

Viva España: What can expats really expect from their new life under the Spanish sun?

Viva España: What can expats really expect from their new life under the Spanish sun?

Spain
  • Spain ranks 11th for work/life balance while UK comes in 33rd (HSBC)
  • Beautiful Alicante townhouses perfect for expats available from €145,000 (Taylor Wimpey España)
  • Spain takes 4th place for diet and 5th for local markets (HSBC)

The attractions of a move overseas may seem obvious at first glance – better weather and a lower cost of living are sure to head up the list for many people. But moving to a new country is a bold undertaking and many expats find that despite their best laid plans there are things that they didn’t expect about their new country.

Marc Pritchard, Sales and Marketing Director for leading homebuilder Taylor Wimpey España, who himself moved from Germany to the Spanish island of Mallorca more than two decades ago, explains,

“Going on holiday somewhere and moving there are two extremely different undertakings. On holiday you only tend to notice the positive points, but when you live there things like bureaucracy and pace of life can show you a very different side to your chosen country of residence.”

The HSBC Expat Explorer tool provides some fascinating insights into what Brits who choose to move to Spain can expect as a result of their migration. At a top level, the country comparison tool ranks Spain 24th out of 34 countries based on 2014 results. The UK scrapes in at 33rd position.

Some of the positives about moving to Spain are those one might expect to see. The country ranks 4th out of all those considered for its cuisine, which is both delicious and healthy. It ranks 5th for local shops and markets. For work/life balance, Spain ranks 11th against the UK’s 33rd position.

But there are also unexpected benefits. Despite the wonders of the NHS, Spain ranks 12th for healthcare and the UK 19th. Spain comes 11th for social life and the UK 26th. Spain is also 9th for environment, while the UK is 27th.

The Iberian nation scores highly when it comes to expats finding their feet as well, thanks to the welcoming attitude of the locals in many areas and to the large community of expats already settled there ranking 4th for integrating into the community, 8th for adjusting to the new culture/lifestyle and 3rd for learning the local language.

But when it comes to the working world and the economy, expats can expect a rather different picture. Spain ranks 32nd for making people feel welcome at work and 33rd for household income (the UK ranks 24th and 21st respectively in these two categories). Interestingly, though, the lower cost of living means that those in Spain actually have more personal disposable income, with Spain taking 29th position and the UK taking 33rd.

Of course, the only way to really tell what a country is like is to live there for an extended period of time. Taylor Wimpey España find that many who purchase their holiday homes do so with a view to using them in the future as retirement properties. This enables them to spend holidays there with family and friends, but also to stay for longer periods before committing to a full move. It’s an ideal solution for those considering becoming expats but uncertain as to what they can really expect.

The beautiful townhouses at Brisas de Alenda Golf in Alicante are the perfect properties for those considering a new life in Spain, as well as for second homes. The last remaining townhouses, which are available for €145,000, enjoy a superb location in this exclusive and tranquil area and their spacious terraces, communal pool and pretty communal gardens have been designed with outdoor living in mind. As well as the idyllic golf course, the area boasts a clubhouse, bilingual Spanish/English school and nearby supermarket, all just 15 minutes from Alicante airport.

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.

Step off the tourist trail to get to the heart of the matter this Valentine’s Day

Step off the tourist trail to get to the heart of the matter this Valentine’s Day

Italy Portugal Spain , ,
  • Seville is for more than oranges, offering a true taste of Spain (Kyero.com)
  • Le Marche is the heart of Italian living (Appassionata)
  • Tavira tempts those in the know away from the crowds of Portugal’s Algarve (Ideal Homes Portugal)

Visiting a country’s tourist hotspots can be an exciting experience but exploring its hidden gems can be even more rewarding. Move away from the biggest cities and the busiest coastal resorts and suddenly you find yourself able to get to the true heart of a country.

With love in the air as Valentine’s Day approaches, three property entrepreneurs talk about how their passion for Spain, Italy and Portugal led them off the tourist trail and into the heart of their chosen country.

“The southern Spanish city of Seville is one of those places that captures your imagination and fills your soul with excitement as you explore,” enthuses Martin Dell, Director of leading Spanish property portal Kyero.com. “The architecture is simply stunning – everywhere you turn there’s another wonderful building and I challenge any city to show me a more beautiful site that the Plaza de España at sunset.”

Seville is a city that presents the visitor with a wonderful glimpse of everyday life in Spain. The gardens and grand boulevards of Seville’s Maria Luisa Park are simply gorgeous, with lush foliage interspersed with ponds, pavilions and tiled fountains, but visitors are more likely to find locals jogging than tourists picnicking.

The tapas bars and restaurants are also bustling with locals of an evening and provide some gastronomic delights that will impress even the most serious foodie. Seville is believed to be the birthplace of the tapas concept and is rumoured to have more than 1,000 establishments for diners to choose from.

While Seville does actually attract a few million tourists each year, it tends to draw those wanting to discover the ‘real’ Spain, as Martin explains,

“Visitors who make it beyond Barcelona and Madrid, or the beach resorts of the Costa del Sol, tend to be those looking for a deeper understanding and experience of Spain. They want to get to the heart of the country and that is precisely what Seville enables them to do.”

Property prices in Seville are at just 58% of the national average according to Kyero’s Spanish House Price Index Q4 2014, making second homes a tempting prospect for those who want to do more than just scratch the surface of Spain as a holiday destination.

Over in Italy, it is the Le Marche region that offers visitors a taste of true Italian living. Dawn Cavanagh-Hobbs, founder of luxury fractional ownership holiday home company Appassionata, reveals why it is that Le Marche has stolen her heart,

“Living in Le Marche is like having the whole of Italy on your doorstep. We have the sea, the mountains, the gorgeous weather, incredible local food and some really welcoming neighbours. This isn’t the wealthiest region of Italy by a long way, but it’s definitely the place to be to experience Italian life at its best.”

Dawn and her family have been in Le Marche since 2005, when they founded Appassionata and set about renovating their first fractional ownership holiday home. A decade later, they have recently launched their third luxury property, the urban fractional Casa Tre Archi, which owners can enjoy from £65,000 for a one tenth share.

“Life here is a long way from the mass consumerism that you see in the big cities,” continues Dawn. “We buy our groceries from tiny shops and market stalls and our fish directly from the local fishermen. We drink wine from grapes grown in the region and cook with locally pressed olive oil. Restaurant menus focus on the area’s bountiful produce, like game and truffles, rather than imported goods or products that have to be shipped here from distant parts of the country. This is true, local Italian living.”

It is that sense of being part of a real, local community that inspires Chris White, founding director of boutique real estate agency Ideal Homes Portugal, whose passion is for the eastern Algarve town of Tavira. He explains,

“So many places in the Algarve are packed with tourists during the summer months. You see restaurants with menus outside them written only in English and everywhere around you hear English being spoken rather than Portuguese. Tavira is a welcome relief for those looking to experience the Portuguese version of Portugal!”

Straddling a tidal river that runs through the city centre, Tavira is a mishmash of cobbled streets and different architectural styles, from ancient Moorish influences to smart modern townhouses. Its ruined castle with pretty courtyard garden allows visitors brave enough to climb to the top of the walls (there’s not a safety rail in sight) stunning views over the city, while a generous helping of restaurants serve incredible value seafood and traditional Portuguese peasant-style meals.

Tavira Island, accessed from the town via a regular boat service, offers a spectacular beach to those looking for sea and sand, and is a top spot for locals as well as those wise tourists who have had the sense to turn right rather than left upon leaving Faro airport. The local area is also perfect for enjoying the spectacular sunsets for which the Algarve is known.

Properties for sale in Tavira itself are fairly few and far between, though this two bedroom house with swimming pool from Ideal Homes Portugal is within walking distance of the town centre and should be the perfect base for anyone wishing to own their own slice of the real Algarve.

For more information please contact:

Kyero.com: www.kyero.com

Appassionata: +39 073 465 8775 or www.appassionata.com

Ideal Homes Portugal: +44 800 133 7644 or +351 289 513 434 or www.idealhomesportugal.com

Where’s hot in Spain right now? The highs and lows of the Spanish property market

Where’s hot in Spain right now? The highs and lows of the Spanish property market

Spain
  • Properties purchased with mortgages up 35% (Spanish notaries)
  • National average property asking price at €232,000 (Kyero)
  • Property in Zaragoza priced at just 16% of national average (Kyero)

Spain’s property market looks headed for better times. Spanish notaries reported a 35% increase in residential property purchases made with mortgages in November 2014, compared with one year earlier. At the same time, interest from foreign buyers looking to pick up bargain second homes remains high, particularly from UK buyers enjoying the current strength of the pound against the euro.

Improved access to finance combined with numerous experts agreeing that the base, so far as property prices are concerned, has been reached has certainly buoyed the market in recent months. Figures from Eurostat reveal that prices reached their baseline during H1 2014 before starting their climb again. Q3 2014 saw an increase of 0.3% in prices across Spain, while prices in the Eurozone rose by 0.5%. Figures from the ST Sociedad de Tasación confirmed this positive news, showing a rise of 1.3% in the value of the average Spanish home in Q4 2014.

Despite prices having dipped to their reported lowest, not every location in Spain offers the property bargains that one might expect as Martin Dell, Director of leading Spanish property portal, Kyero.com, which lists more than 175,000 homes from 2,500 estate agents, comments,

“There are some huge variations in residential property prices as you travel across Spain. Kyero’s Spanish House Price Index Q4 2014 revealed prices ranging from 260% above the national average all the way down to a location where prices are just 16% of the average.

“It means that buyers looking for good value properties need to be choosy about the areas they are considering. Buying on Fuerteventura, for example, can get you a property for just 68% of the national average price, while Mallorca will cost you 180% more than the average. ”

 

So where’s hot in Spain right now according to Kyero.com?

At the very top end of the scale is, perhaps unsurprisingly, the perennially popular province of Barcelona, with prices 260% above the national average (€602,500 against an average of €232,000).

Mallorca sits in second place, but a surprise entrant at third place is the Catalonian province of Girona, which is more expensive than Menorca, Malaga and Lanzarote. Prices in Girona currently stand at 161% above the national average. An elegant five bedroom, four bathroom house with infinity pool in Girona can currently command an asking price of €850,000.

Another surprise was the inclusion of Pontevedra in Galicia, where prices are currently 113% above the average. Relatively unknown by those outside of Spain and Portugal, Pontevedra is a working city with a strong services sector and a small industrial presence where tourism is gradually increasing. Despite the high prices, there are still some excellent deals to be had in the city, such as this one bedroom, newly built apartment for just €34,400.

Sitting bang in the middle of the league table, with prices matching the national average, is the delightful coastal province of Cadiz. A charming blend of old town eateries (with some incredible tapas options) and modern shopping streets, Cadiz is a popular holiday destination for those looking to sun themselves on the beach but still have access to the conveniences of the city. A three bedroom, two bathroom apartment close to the beach can be had for €216,000 (reduced from €237,000).

Looking at areas where prices are below the national average, the pretty coastal province of Almeria comes in at just 58%, with average prices of €133,500 and offers a lovely alternative to the Costa del Sol. For that price (well, €134,000) buyers can get a two bedroom bungalow with roof terrace by the sea on a newly built complex with numerous pools (one heated), a Jacuzzi, a children’s playground and sports facilities. The price even includes fully installed air conditioning and a furniture pack.

For the very best Spanish bargains on the market at the moment though, buyers need to head to Zaragoza, where prices sit at just 16% of the national average. Famous for its gastronomic offerings and stunning architecture, the area has many plots of land for sale, with farmhouses in various states of disrepair for those with a vision and time on their hands. This village house, spread across four floors, is perhaps one of the most interesting, but to say it needs a bit of work is something of an understatement. However, with a sale price of just €16,000, it could offer an incredible value home packed full of character to a buyer willing to get their hands dirty and commit to a serious renovation project.

The variations that currently exist in the Spanish market make it the ideal time to purchase property there. Even if a buyer’s preferred destination comes in over budget, a little creative thinking and searching on Kyero.com can turn up a perfect alternative.

For more information and to keep up to date with the latest in Spanish property trends, visit www.kyero.com.

Dispense with hotels and stay in style when doing business overseas

Dispense with hotels and stay in style when doing business overseas

Spain
  • Business travel set to increase 6.6% during 2015 (GBTA Foundation)
  • Spanish company optimism well above EU average (Markit)
  • Perfect business base available for just €179,000 (Taylor Wimpey España)

“Business travelers often bring spouses, discover new interests abroad and in general, prime the pumps for all manners of travel.”

So speaks TravelPulse Europe senior editor James Ruggia, in light of the GBTA Foundation’s prediction that business travel in five European markets (Italy, Spain, France, Germany and the UK) will increase by a healthy 6.6% during 2015, to a total value of €156.8 billion. The projection was based on the impressive H1 2014 business travel figures for the five markets, with spending growing by 4.3% – the biggest gain since 2010.

Interestingly, even Spain’s struggling economy saw business spending grow comfortably during the period, while companies within the Iberian country are feeling positive that the increase is part of a wider picture of positivity. Markit’s Business Outlook Survey found that optimism among Spanish firms was well above the EU average, with growth expected thanks to efficient business practices, new product launches and activity in new markets.

The increased business spending and positive outlook, along with the current strength of the pound against the euro, have created an optimum situation for regular business travellers looking to dispense with the hassle of hotels and instead opt for an apartment that can be used as a base while they are overseas.

Marc Pritchard, Sales and Marketing Director for leading homebuilder Taylor Wimpey España, explains,

“We’ve all been there – watching the minutes pass and worrying about being late while waiting for the hotel staff to locate an ironing board and deliver it to your room so that you can look presentable for the big meeting, or going down to breakfast only to find a sizeable queue and having to skip it in order to get away on time. For the discerning business traveller, a second home overseas provides a much more attractive alternative and it has the added benefit that it can also be used for leisure purposes.”

Calpesol in the bustling Costa Blanca is an excellent example of the kind of property that is perfect for a regular business traveller. The high spec, three bedroom/two bathroom townhouses are available from just €179,000, which is incredible value given the current exchange rate. All have well appointed terraces for relaxing after a hard day’s work and superior kitchens to banish those memories of questionable hotel food forever.

Certainly such a property would benefit the business traveller’s family as well, with Spain regularly making top 5 lists of global holiday destinations based on everything from its popularity to its value for money. Most recently, research from On The Beach saw Spain take 3 of the top 5 spots in the best value 4* holiday destination category.

For more information about purchasing the ultimate business base and second home, 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.

Who’s buying in Spain in 2015? Exploring the lure of the Spanish property market

Who’s buying in Spain in 2015? Exploring the lure of the Spanish property market

Spain
  • Belgian and Dutch buyers particularly influential on Spanish property market during 2015 (Taylor Wimpey España)
  • Spain gains entry to top ten cheapest countries for property (OECD)
  • Two bedroom beach apartments from just €142k (Taylor Wimpey España)

The Spanish Confederation of Employers’ Organizations has announced that it expects the Spanish economy to grow by 2% in 2015, with job creation increasing as the country gets back on its feet. Spanish Prime Minister Mariano Rajoy shares this optimism, citing 2015 as the year that his country’s economy will “take off.” Even the IMF is joining in the positivity, with Spain one of only two countries to have its forecast revised upward in the latest report, with another prediction that the economy will expand by 2% this year.

The Spanish property market is also looking up, with BBVA Bank reporting,

“2015 may mark the beginning of a moderate recovery in residential developments. The improvement in housing sales continues. The latest housing sales figures demonstrate the improvement throughout 2014: sales leapt at a rate of 20.7 per cent.”

So who was buying in Spain in 2014 and who will do so as 2015 unfolds?

Marc Pritchard, Sales and Marketing Director for leading homebuilder Taylor Wimpey España, shares his insights based on the company’s annual performance figures,

“A total of 32 nationalities bought properties from us during 2014, demonstrating Spain’s global appeal. Our average selling price was up and we noticed a rise in the number of buyers from the Netherlands, Denmark, Austria, Luxemburg, France and Spain itself.

“Looking forward, I believe that Belgian and Dutch, and also Swiss buyers, will be particularly influential in the Spanish property market during 2015. In fact, the Taylor Wimpey España website has just been launched in French and plans are in place to launch a Dutch language version later this year.”

Official statistics from Spain support the company’s findings, recording French purchasers making up 10.48% of the market. During the same period, German buyers accounted for 6.45% of sales and Belgians 6.19%, while Brits led the pack at 18.06%.

Spanish property’s excellent value for money and the strongest £ to € exchange rate in 7 years are the key drivers behind this mixture of nationalities looking to pick up homes here, as Marc Pritchard explains,

“There are some incredible bargains on the market at the moment, particularly in popular areas like the Costa Blanca. In Alicante, for example, the delightful La Recoleta III development has two bedroom apartments available from just €142,000, which is excellent value, particularly given the site is just a few metres from the beach.”

The properties at La Recoleta III are due for completion in November 2015, but for those who want their Spanish home sooner, the Costa Blanca’s Brisas de Alenda Golf at Elche offers key-ready, three bedroom townhouses for the fantastic price of €145,000. The development comes complete with private gardens and communal swimming pool, as well as enjoying access to the stunning golf course. The properties themselves have been designed with light and space in mind and enjoy terraces that make the most of the views of the spectacular Sierra de las Aguilas mountains and the serene golf course.

With such bargain prices available, it is clear that Spain deserved its 2014 entry into the number ten spot of the Organisation for Economic Co-operation and Development’s study of the countries where property is cheapest. Its appeal to overseas buyers is expected to continue during 2015 and well beyond, as the Iberian country’s charms continue to work their magic on buyers from across the globe.

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.

Best exchange rate for 8 years prompts Brits to snap up bargain second homes across Europe

Best exchange rate for 8 years prompts Brits to snap up bargain second homes across Europe

Albania Portugal Spain , , ,
  • GBP/EUR exchange rate reaches 1.34
  • Buyers of mid-price properties saving as much as £60k (Kyero.com)
  • Brits eyeing up European property as far afield as Albania (Lalzit Bay Resort & Spa)

With the euro at an eight-year low against the pound, can we expect Brits to rush out and grab that bargain second home in the sun that they have dreamed of for so long, or have we become more cautious of the market’s fluctuations since the crash of 2008?

“Definitely the former,” says Martin Dell, Director of leading Spanish property portal Kyero.com. “We’re seeing British buyers eyeing up cut-price properties across Spain in high numbers right now, as they can get so much more for their money than they could a few years ago. But what’s interesting is the number of buyers looking to snap up properties with heftier price tags too.”

Dell cites the example of a new build three bedroom villa with pool in Benijofar, Valencia, which is on the market for €335,000. At the current exchange rate, it will cost a British buyer £250,000, while back in 2009 it would have cost £310,000.

Such substantial savings are tempting many buyers to see now as the perfect time to invest in a second home, as Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España, observes,

“With the exchange rate looking so favourable, it really is a case of the more you spend, the more you save at the moment. It certainly seems to have got British buyers moving once more when it comes to Spanish property. We are down to just three townhouses left at our Montesol development and two at Calpesol on the Costa Blanca.”

Nor is it just Spain that Brits are eyeing up for their bargain dream homes. Portugal is also attracting UK buyers in their droves right now as Chris White, founding director of boutique real estate agency Ideal Homes Portugal, explains,

“The best exchange rate since 2007 is certainly not something that many British buyers are going to pass up on and Portugal is the perfect place to get more bang for your buck. Even for buyers just looking for a good value apartment, rather than a substantial villa, the savings are impressive. Right now we have some luxury, two bedroom apartments in the most sought after area of Lagos, being sold off plan at €225,000. This equated to around £184,500 a year ago, but right now one would cost closer to £168,500.”

The exchange rate ripples are even being felt as far into Europe as Albania, where the country’s first high-end resort, Lalzit Bay Resort & Spa, is tempting savvy Brits to invest now before the exchange rate starts moving back the other way. Marketing Director Peter Walshe comments,

“Lalzit Bay Resort & Spa is already a great investment under normal circumstances, but with the current exchange rate it offers incredible value to British buyers. We’re expecting a very busy few weeks ahead until the rate begins to settle again!”

So will Brits be dashing out to purchase a cut price second home now that they can get so much more for their money? Absolutely, it seems.

For more information please contact:

Kyero.com: www.kyero.com

Taylor Wimpey España: +44 8000 121 020 or www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.

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

Ideal Homes Portugal: +44 800 133 7644 or +351 289 513 434 or www.idealhomesportugal.com

Taylor Wimpey España marks solid start to 2015, with healthy 2014 figures released

Taylor Wimpey España marks solid start to 2015, with healthy 2014 figures released

Spain
  • Strong start to 2015, with interest in property booming (Taylor Wimpey España)
  • 2014 saw first Spanish property price rises in 6 years (national statistics office)
  • 32 nationalities bought in Spain during 2014 (Taylor Wimpey España)

2014 turned out to be an excellent year for leading homebuilder Taylor Wimpey. The company re-entered the FTSE 100 while its Spanish arm, Taylor Wimpey España, recorded ‘a significant improvement in performance,’ as stated in the Taylor Wimpey trading statement for the year ending 31 December 2014.

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

“We were delighted to see sales of our Spanish properties jump by almost 39% during 2014. The increase is testament to the carefully selected locations and high spec finishes of the properties that Taylor Wimpey España is constructing and shows that even in a difficult market, the right property is still much in demand.”

At the end of the year, the company’s order book was also looking healthy, with 19.5% more properties on it than at the end of 2013.

Spain has long been a popular tourism and second home destination for buyers from across the world. In fact, Taylor Wimpey España sold properties to buyers of 32 different nationalities during 2014, evidencing the widespread appeal that Spanish property holds. Buyers from across the globe see Spain as the ideal location for a second home.

“Spain really does have everything a holidaymaker could wish for,” continues Pritchard. “Sunshine, beautiful beaches, great food and wine, friendly people – it’s all here.”

The Costa Blanca is one of the country’s most popular areas, offering all of this and more, and will be key to the Spanish homebuilder’s year ahead. Key-ready golf properties at Brisas de Alenda are available from just €145,000, while a newly released phase at La Vila Paradis, where prices start at €239,000, is already attracting considerable global attention.

The Costa Blanca is so popular, in fact, that only two townhouses remain available at Taylor Wimpey España’s Calpesol development (prices from €179,500) and just three at its Montesol site (from €252,000).

With house prices in Spain rising for the first time in six years during 2014, according to the country’s national statistics office, the market seems to have finally turned a corner and is looking to the future. Given the success that Taylor Wimpey España achieved during the hard times and the stability of the Spanish property market during 2014, the future looks promising.

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.

Operational approval of ‘ghost airport’ set to turn undiscovered Spanish city into 2015 property hotspot

Operational approval of ‘ghost airport’ set to turn undiscovered Spanish city into 2015 property hotspot

Spain
  • Undiscovered city of Castellon tipped to become Spain’s 2015 property hotspot (Kyero)
  • ‘Ghost airport’ opened in 2011 finally granted authorization to operate (AESA)
  • Penthouse apartment with pool and sea views just €199,950 (Kyero.com)

With its ‘ghost airport’ now officially up and running, the eastern Spanish city of Castellon is tipped to be the property hotspot of 2015, according to leading Spanish property portal, Kyero.com.

Offering a charming old town packed with historic buildings and a pretty Mediterranean coastline, Castellon de la Plana is a city with a rich history. In 2011, it should have been propelled onto the global holidaymaker trail when its brand new airport opened, but the global economic downturn meant that not a single scheduled passenger service ever left or arrived at Castellon airport.

For more than three years, Castellon airport operated nothing more than general aviation services and the occasional charter flight, but December 2014 saw it finally granted authorization to start handling flights.

Martin Dell, Director of Kyero.com, which lists over 175,000 Spanish properties from 2,500 estate agents, believes the move will trigger a great deal of interest in the eastern city.

Kyero’s buyer enquiries certainly support the idea and reveal precisely what it is that buyers are looking for in Castellon. Interestingly, it is the French who seem most interested in Castellon at this early stage in its entrance onto the global stage. Enquiries from French buyers account for 48% of the total, followed by English buyers at 30%.

When it comes to property type, homes in the €50k-€100k price range attract some 36% of enquiries, followed by homes under €50k (with 30% of enquiries). 61% of buyers are looking for apartments and 39% want three bedrooms, closely followed by 34% wanting two bedrooms.

Martin Dell comments,

“Castellon is one of Valencia’s most interesting cities and largely unknown up until now. The opening of the Castellon airport is likely to see a localised property boom, with prices rising and international interest in the area really taking off.

“As well as the city of Castellon itself, nearby Peniscola, Vinaros and San Jorge also look set to benefit from Spain’s ghost airport finally gearing up to receive the international jets for which it was built.”

The rise of Castellon is certainly bound to pique the interest of property investors looking for Spain’s hottest investment location in 2015. Many will want to act quickly, before Castellon is ‘discovered’ by too many more people. This traditional country house, with three bedrooms and generous plot of land, just 24km from the coast, costs just €160,000, while this modern Peniscola penthouse with pool and sea views is on the market for €199,950.

As the story of Castellon airport unfolds over the course of 2015 and travellers start discovering this delightful coastal city, it will be fascinating to see how the property market there flourishes now that the ghosts of the past have been banished to the history books.

For more information and to keep up to date with the latest in Spanish property trends, visit www.kyero.com.