Spanish real estate now a ‘good opportunity’ according to latest PwC report
In a forecast published jointly by the Urban Land Institute (ULI) and PwC, the weight of international capital is leading investors to turn to recovering markets such as Spain in 2014. The report states that the Iberian nation undergone an “extraordinary turnaround in sentiment” with 67% of respondents slightly or strongly agreeing that there are now “good buying opportunities” in Spain.
- 67% agree there are good buying opportunities in Spain (PWC Emerging Trends in Real Estate report Europe 2014)
- The price of housing in Spain increased 0.8% in Q3 2013 (Eurostat)
- Taylor Wimpey España reports best year for sales since 2006
Investor confidence has also been further boosted by data published by the EU’s statistical office, Eurostat which reveals that the price of housing in Spain recorded an increase of 0.8% in Q3 2013 compared to the previous three months, when it had fallen by eight tenths.
Marc Pritchard, Sales and Marketing Manager for leading Spanish home builder Taylor Wimpey España comments,
“It is very encouraging to see the experts such as the Urban Land Institute and PwC highlighting the turnaround which Spain has undergone and the vast potential which remains. We have been saying for some months now that the situation, especially within the second homes market, is steadily improving.
“Last year we at Taylor Wimpey España recorded our best year since 2006 in terms of sales volume and you only have to look at the vast sums being invested into real estate by both private individuals such as Bill Gates and large investment funds, to see that ‘good opportunities’ still do exist in Spain.“
One such ‘good opportunity’ presented by Taylor Wimpey España is the key-ready Brisas de Alenda Golf development located on the perennially popular Costa Blanca.
3 bedroom townhouses boasting generous private gardens, communal swimming pool and a club house as well as a gym, bar and restaurant as well as a bilingual English/Spanish school close by, are available now from just €145,000 + VAT, well below the average asking price for the region (€197,000 according to Kyero.com, Q4 2013).
Designed to optimize the light and the space with the best finishes and facilities, the Brisas de Alenda townhouses enjoy a peaceful location adjacent to the Alenda Golf Course while the wonderful beaches of the Costa Blanca and Alicante airport are both a mere 15 minute drive away.
For more information about making the most of this ‘good opportunity’ and investing in Spanish property in 2014, 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.