Realistic asking prices for Spanish property draw in Scandinavian buyers
It seems that sellers of Spanish property are being a little more realistic when it comes to asking prices according to Spain’s largest English language property portal, Kyero.com’s Q1 2012 House Price Index.
Kyero.com predicts that Spanish property prices will ‘bottom-out’ in 2012, while foreign buyers from stronger Eurozone nations continue to purchase Spanish property while prices are low.
Mark Pritchard, Sales and Marketing Director of leading house builder Taylor Wimpey de España comments,
“Prices across Spain are readjusting with sellers and agents pricing more reasonably. At Taylor Wimpey de España we consider our prices very fair given the prime locations, space and quality of build and indeed our reduced 4% VAT offer in itself highlights that we want to make it even easier for property hunters to buy in Spain.
“Certainly, strong Eurozone nations as cited in Kyero’s report such as Sweden, Norway, Denmark, Belgium and Holland as well as Russia are currently some of our biggest fans showing increased interest in property particularly on the Costa Blanca. With this market firmly in mind we also attended the Investor Show in Russia on the 9th and 10th of last month where we received a good level of interest and will be exhibiting at Property Worldwide in Russia from the 13th – 15th of April.”
Pritchard continues,
“At present, the Swedish economy has been performing better than the UK and with a strong krona and a reduction in Spanish house prices, more Swedes are beginning to realise the possibilities of a life in Spain. With this in mind it is important that we spend time on this lucrative market.”
To further support Pritchard’s comments, figures published by Fastighetsbyrån, part of the Swedish banking group Swedbank, suggests that Swedish and Norwegian property buyers have pushed hard into the Spanish residential property market with purchases by Swedes up 46% and Norwegians up 61%.
Meanwhile, when it comes to the wider Spanish property market, Mallorca continues to rank highly with limited land and property supply keeping it desirable for property hunters. Kyero.com’s Q1 2012 House Price Index reveals that average house prices in Mallorca are 181% above Spain’s national average of €253,000, standing at €456,700 as of March 2012.
For those on the hunt for the perfect Spanish property why not take a look at what Taylor Wimpey España has to offer.
Las Brisas de Alenda, located in the peaceful and quiet area adjacent to the Alenda Golf Course is a private complex consisting of beautiful 3 bedroom townhouses.
The Brisas de Alenda Golf complex has generous private gardens, a communal swimming pool and a club house as well as a gym, bar and restaurant while wonderful beaches of the Costa Blanca are just a 15 minute away costing from just 169.000€ + 4% VAT.
Located on the south east coast of Mallorca, very close to the glamorous Marina de Cala D’Or El Puerto II consists of 2 bedroom apartments costing from just 182.000€ + 4% VAT – KEY READY without furniture. With 3 communal swimming pools available these properties are surrounded by outstanding natural beauty offering various other activities such as water sports, biking and golf in the local area.
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 00 34 971 706 244.