It’s Friday 13th! Will the New Year be lucky for Spanish property?Taylor Wimpey España forecast a positive outlook for 2014
A growing number of experts believe that the Spanish property market is showing signs of recovery following the well documented economic crash which plagued numerous global property markets. With a brand new year ahead we ask leading Spanish house builders, Taylor Wimpey España, for their insights into the future of Spanish property in 2014.
With years of experience in building some of Spain’s most highly regarded properties, Marc Pritchard, Sales and Marketing Manager of Taylor Wimpey España suggests that the Spanish market will move in a positive direction in 2014, highlighting a number of aspects that will aid Spain’s recovery.
Sale prices in Spain for quality properties in prime locations could be nearing the end of their fall according to several reports released in recent weeks. Indeed, the Ministry of Development reported that during Q3 2013, homes recorded their lowest drop since 2010 – even becoming more expensive in several regions. Pritchard indicates that this trend will continue into 2014 while properties in less popular inland locations which have reduced infrastructure or no views will drop further in price.
Indeed, the perception that the housing market is nearing the end of its adjustment is gaining in popularity. According to the Consumer Confidence Indicator for November, prepared by the Centre for Sociological Research, 46.4% of those surveyed think that Spanish housing prices will stabilise over the next year, signalling a boost of confidence in the market.
When it comes to Taylor Wimpey España‘s performance this year and forecasts for the year ahead, Pritchard comments,
“2013 will be a hard year to beat as here at Taylor Wimpey España we experienced a huge increase of sales across the Costa del Sol, Mallorca and the Costa Blanca over the last 12 months.
“We are expecting sales levels in 2014 to be in line with 2013 however seeing as we will have additional sales outlets and several new developments in the pipeline across all three regions of Spain in which we operate, coupled with the fact that prices in prime locations across each area have now bottomed out and will not fall any further, we are hoping sales volumes to increase making for an exciting new year at Taylor Wimpey España. ”
Furthermore, Pritchard explains that 2014 is likely to see a surge of interest from foreign buyers outside the EU from countries such as China, Russia and the Middle East investing their money in Spanish property due to the ‘golden visa’ scheme which could be introduced by January 2014. Taylor Wimpey España hope to see second home buyers to continue to descend on the Costa del Sol after the success of the area throughout 2013.
For those thinking about making a Spanish property purchase in next year, why not take a look at what Taylor Wimpey España has to offer buyers in 2014 – You might just get lucky!
Boasting a frontline location in the traditional Spanish fishing town of Estepona, just 1 hour from Malaga via motorway, Horizon Beach comprises 2 and 3 bedroom apartments all with views of the Mediterranean Sea and Rock of Gibraltar.
With only 36 units, this boutique gated development is the ideal second home with spacious open-plan apartments, large terraces or private gardens, direct beach access, panoramic swimming pool and underground parking, all available from just €300,000.
For more information please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call +34 971 70 69 72.