Sun shines on Spain as Taylor Wimpey España reports double operating profit for 2015
Leading Spanish homebuilder, Taylor Wimpey España has released end of year results for 2015 that highlight the significant progress being made in the Spanish property market. The most recent figures show Taylor Wimpey España delivered an improved operating profit of £10.0 million for 2015, an impressive 138.1% growth on 2014’s £4.2 million, and an operating profit margin of 17.2%.
The company, which has been building homes in Spain for over 50 years, completed 251 homes in 2015 which is a substantial 53% increase compared to the previous year. The average selling price of these properties has also seen a rise of 26%, from €250,000 to €315,000. Such positive statistics emphasise the Spanish property market’s success in 2015.
Javier Ballester, Managing Director for Taylor Wimpey España, is confident that the market will continue to thrive this year, commenting,
“The start of the year has been extremely encouraging and with international demand rising again. The growing talk of a potential Brexit is yet to have an impact as British buyers are responsible for the most sales so far this year, and there is nothing to suggest that this trend will not continue throughout 2016. Our latest figures show Spain is still very much top of the list for many potential buyers and we are very excited to see what the next 12 months hold for the market.”
Early 2016 figures from Taylor Wimpey España confirm that British buyers are definitely back in Spain, accounting for a quarter of 2016’s January and February sales. An ever popular region with British buyers is the Costa Del Sol and this week also saw the launch of Taylor Wimpey España’s newest project, Horizon Golf. Situated in the beautiful Valley of Mijas, Horizon Golf is Taylor Wimpey de España’s second development at La Cala Resort within the complex’s famous Campo Asia golf course.
With prices starting from €375,000, the private gated development offers 55 terraced homes, all have 3 bedrooms, 2 bathrooms and a cloakroom, with stunning panoramic views over the golf course and La Cala de Mijas. Horizon Golf features luxury finishes including fully equipped furnished kitchens, air conditioning, designer bathrooms, bedrooms with motorized blinds, and secure, fully lined wardrobes.
All properties benefit from 24-hour security, the communal gardens and swimming pool, as well as three 18-hole golf courses, a hydrotherapy centre and spa, a golf school (La Cala Golf Academy) and an array of sports facilities all close by. Residents can reach the beautiful beaches of the Costa del Sol in just 10 minutes, with Malaga airport only 30 minutes away.
For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. Those residing outside of the UK should call 0034 971 70 69 72.