Optimism high with 396,000 Spanish homes sold in the past 12 months
According to Government figures, a total of 396,000 homes have been sold in Spain in the past 12 months with sales accelerating in Q2 2011.
A total of 90,746 homes were sold between March and June this year, bringing about a 21.9% increase on the first quarter with new housing accounting for 33.7% of the total transactions in the second quarter of 2011 the research discovered.
While the department for housing suggests that non-Spaniards continue to be one of the key drivers in the housing market, sales to foreigners who reside in Spain has increased by 22.9% in the second quarter of this year, totaling 8,514 purchases while by province Alicante received the greatest number of purchases at 2,308. Malaga followed behind with 1,110 sales while Santa Cruz de Tenerife experienced only 599 sales with only 567 transactions made in the Balearic Islands according to the Ministry of Public transactions.
Meanwhile, according to a study of 100,000 properties recently published, Spanish property prices are on the rise in Costa Blanca and Costa Calida areas with Alicante and Murcia noted as being two locations where prices have pushed upwards in Q1 and Q2 of 2011.
Ignacio Osle, Sales and Marketing Director of leading house builder Taylor Wimpey de España, comments,
“Although Spanish property prices are yet to catch up with the highs seen in 2007, the price increase is nevertheless an encouraging sign for investors in the market. Alicante for instance has experienced improvements in its infrastructure seeing a second airport terminal open which always good news when it comes to attracting more visitors.
“In light of rising property sales in Spain, we have made our homes even more attractive to buyers, matching the Spanish Government’s 50% reduction in IVA on a limited stock of new properties to be delivered this year, and we’re hoping to see some very positive results.”
For those looking to enjoy the sunnier side of life, Taylor Wimpey de España has two wonderful properties available in Costa Blanca.
The Montesol residential complex consists of three bedrooms, two bathrooms, a cloakroom, garden, roofed sun terrace, private parking, air conditioning, heat pump system, and hydro massage bath from €237,900 situated in one of the best areas of Calpe – Maryvilla.
Located one hour from Valencia and 35 minutes from Alicante, the Calpesol residential complex in affords three bedroom two bathroom properties, situated in a scenic beach side valley surrounded by mountain landscape, offering various activities such as water sports and golf in this popular town now from €160,000 + NO VAT.
For more information on these not to be missed properties contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. If you reside outside of the UK you will need to call 00 34 971 706 244.