Spain in top 10 most attractive global real estate markets for foreign investors
Europe “seems to have regained the favour of investors,” demonstrated by the fact that 70% of investors chose Western Europe as “the world’s most attractive region for real estate investment,” according to the CB Richard Ellis European Real Estate Investor Intention 2014 study.
An “increase in investor appetite” was also observed in the report, which indicated that some 67% of those consulted expected that their activity in real estate would increase this year.
Furthermore, the study reveals Spain as the third most attractive country in Europe for investment in real estate, with only the UK and Germany coming in ahead.
Marc Pritchard, Sales and Marketing Manager for leading Spanish house builder Taylor Wimpey Españacomments,
“This news comes as no surprise to those of us on the ground in the Spanish property market. We have seen a steady increase already this year of foreign buyers coming from Western Europe, looking for residential property across the Costa Blanca, Costa del Sol and Mallorca.
“Spain has become an oasis for foreign investors, who between 2009 and 2013 bought property totalling just over €9.6 billion according to a study by Real Capital Analytics. This puts Spain in tenth position globally for attracting foreign investment.
“Interestingly, our own sales figures for this year, up until mid-March, reveal that the biggest interest from European buyers has come not just from traditional Brit buyers but from those in Spain itself, indicating that confidence is returning once again to the market not just on an international but also on a domestic level.”
Indeed, the Taylor Wimpey España figures show that British buyers, unsurprisingly, have taken a place in the top three positions in terms of those nationalities snapping up Spanish boltholes in the sun, along-side Spanish (20%) German (20%) and Scandinavian buyers (20%) followed by Belgians (12%).
For those Europeans wanting to join in the action and pick up their own slice of Spanish sunshine in the world’s tenth most attractive real estate market, the timing has rarely been better. As a holiday home destination Spain has it all: climate, golf courses, shops, hospitals, international schools, good infrastructure and international airports with connections to numerous cities across the globe.
Taylor Wimpey España’s glamorous homes on the Costa del Sol include a range of options designed to appeal to property buyers of all nationalities.
La Floresta Sur is a new residential development, currently under construction, located near the village of Elviria and its delightful beach, very close to both Marbella and Malaga. Set in beautiful surroundings, which have been declared a natural biosphere reserve by UNESCO, this development benefits from stunning views towards the oak and pine forest as well as towards the sea. These incredible properties are available now from just €178,000.
For more information please contact Taylor Wimpey España today on 08000 121 020 or visitwww.taylorwimpeyspain.com. If you reside outside of the UK you will need to call 0034 971 70 69 72.