Overseas home buyers exceed Spanish counterparts

Apr 08 2016

Overseas home buyers exceed Spanish counterparts

• Overseas buyers’ purchases in the Alicante Province accounted for 50.6% of all Spanish residential sales in 2015 (Ministerio de Fomento)
• Residential sales to overseas buyers in Alicante increased by 26% in February in comparison to the same month last year (INE)

Costa Blanca properties on Taylor Wimpey España website draw 31% more traffic in Q1 2016 visits than the previous year (Taylor Wimpey España)
After a thriving start to 2016, Spain’s property market looks set to reclaim its status amongst overseas buyers as it continues to go from strength to strength.

According to the most recent property statistics published by the Ministry of Development (Ministerio de Fomento), the number of homes purchased by overseas buyers in Q4 of 2015 increased more than 10% in comparison with the same period in the previous year. The report showed that throughout Spain one property transaction in every six is completed by an international buyer but it is the coastal regions that continue to prove substantially more appealing for those reviewing the market from overseas. In 2015, overseas buyers purchasing property in the Alicante Province accounted for 50.6% of all Spanish residential sales, surpassing annual domestic demand for the first time in years.

The latest figures from the National Institute of Statistics (INE) also highlight the increasing interest in the Costa Blanca region with February sales up significantly on the same month last year. Sales to international buyers in Alicante increased by 26%, confirming the upward trend of buyer activity in the region.

Marc Pritchard, Sales and Marketing Director of leading Spanish homebuilder Taylor Wimpey España, recognises that the Costa Blanca is a favourite amongst overseas buyers and believes that its popularity will continue to build throughout 2016. He reports:

“International buyers, particularly Brits, have always been attracted to all that the Costa Blanca has to offer and we have definitely observed a rise in enquiries for property in this region. The traditional hotspots of Torrevieja and Orihuela are still very sought after and are performing extremely well, with prices for new build properties rising. There is demand from all over Europe, especially amongst UK, Swedish and Belgian buyers. Interestingly, other markets expressing an increased interest in this area are the Dutch and the French.”

The latest figures from Taylor Wimpey España show that during Q1 of 2016, visits to the Costa Blanca properties on their website increased by 31% in comparison to the previous year. The rise in enquiries this year emphasises that the growing demand for the already popular region is set to continue. Marc continues,

“With demand growing, this area is currently home to the most building activity in all of Spain. Although we are not quite at the same level as the heyday of 10 years ago, I believe that it is heading in the right direction and the future looks bright for Spanish property. Taylor Wimpey España have brand new developments in the region and we look forward to introducing all prospective buyers to everything that the Costa Blanca has to offer.”

The new Jardin del Mar residential complex is comprised of both two and three bedroom apartments and three bedroom duplexes, all with two bathrooms, air-conditioning and an underground parking space. Situated in the beautiful town of Javea, also known as the Pearl of the Costa Blanca, Jardin del Mar properties offer direct access to Primer Montañar Beach and its prime location means Alicante Airport and Valencia Airport, Manises, are both a 1 hour drive away.

Prices start from just €244,000, with every ground floor apartment opening onto a private garden whilst the duplex homes provide residents with breath taking sea views. Communal areas to be enjoyed by all include luscious gardens and a swimming pool. Shops and other local amenities are within walking distance, and a pedestrian pathway with a cycle lane passes right in front of the complex, connecting the Aduanas del Mar port with Arenal Beach, offering a perfect setting for strolling and admiring the spectacular land and seascapes of the Javea coastline.

For more information please contact Taylor Wimpey España on 08000 121 020 or visit http://taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 244.

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