Thinking about buying a Spanish holiday home in 2014? Check out what’s on the Horizon from Taylor Wimpey España

by Georgina

If your New Year’s resolution is to turn that dream of owning a second home in the Spanish sunshine into a reality then 2014 could just be the right time to take action.

With Spain officially out of recession and continued positive GDP growth forecast for 2014 according to the European Commission, the re-ignition of the Spanish economy is proving attractive to investors and none more so that those based overseas.

  • Costa del Sol saw 33% increase in foreign buyers in H1 2013 (Malaga Tourist Board)
  • British buyers still drive the market, accounting for almost 20% of foreign purchases
  • Horizon Beach is Taylor Wimpey España’s 22nd development on the Costa del Sol

From one of the world’s richest men, Bill Gates, who recently acquired a $155 million stake in Spanish builder Fomento de Construcciones & Contratas SA through to ordinary men and women purchasing Taylor Wimpey España homes, the smart money is pouring into the Spanish property market with the Costa del Sol on the receiving end of much of this investment.

The perennially popular second home destination, the Costa del Sol located in the province of Malaga, saw a 33% increase in home sales to foreign buyers in H1 2013 compared to the same period in 2012 according to The President of the Tourist Board and the Council of Malaga.
Indeed despite predictions that the introduction of the new ‘Golden Visa’ earlier this year (which grants residency to non-EU nationals who purchase property worth €500,000 or more) would see a ascendancy of Russian and Asian buyers, it is in fact the British who remain the Spanish second home market drivers accounting for 630 transactions, almost 20%, within the Malaga province according to Diario Sur, the regional newspaper of Malaga.
 
Marc Pritchard, Sales & Marketing Director for Taylor Wimpey España, comments,

“Having worked at Taylor Wimpey España for 20 years now I have seen the Spanish second homes market undergo a number of cycles. Visiting the Costa del Sol each month I have seen first-hand the steady increase in both tourism levels and demand for second homes over the last 18 – 24 months and am confident that we are once again on an upward curve.

“I agree with Jose Prado, President of the Association of Builders and Developers, who commented that sales have returned to a level not seen for many years; we at Taylor Wimpey España are experiencing the same with a staggering increase in sales on the Costa del Sol from Jan – October this year compared to the same period in 2012. And it is due to this high demand for second homes on the Costa del Sol that Taylor Wimpey España has commenced construction of their latest development, Horizon Beach.
Boasting a frontline location in the traditional Spanish fishing town of Estepona, just 1 hour from Malaga via motorway, Horizon Beach comprises 2 and 3 bedroom apartments all with views of the Mediterranean Sea and Rock of Gibraltar. With only 36 units, this boutique gated development is the ideal second home with spacious open-plan apartments, large terraces or private gardens, direct beach access, panoramic swimming pool and underground parking.
Available from just €300,000, Horizons Beach will be Taylor Wimpey España’s 22nd development on the Costa del Sol and is due for completion in July 2015.  For more information 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 9 72.