Outlook for Spanish property positive as Taylor Wimpey España records 21pc increase in sales

Taylor Wimpey La Floresta Costa del Sol

Leading Spanish house-builder Taylor Wimpey España, a subsidiary of Taylor Wimpey UK, sees sales jump as buyers flock to quality.

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Tourist spending is up, as is the number of visitors deciding to take advantage of the market and buy a holiday-home on the Spanish coast.

Inbound tourists to Spain spent a total of €9.01 billion in Q1 2012, an increase of 7.4% over the same period in 2011 according to the Tourist Expenditure Survey conscripted by the Institute for Tourism Studies of the Ministry of Industry, Energy and Tourism.

While the survey identified that in March 2012 alone, inbound tourists to Spain spent €3.61 billion representing 11.9% more than in the same month of 2011, it also highlighted that the biggest contributors to tourist expenditure in that month were British tourists, who spent a total of €631 million euros in the month, a 10% increase over 2011.

“We are not surprised that tourist spend in Spain is on the up – in spite of the economic doom and gloom Spain will always be a top choice for tourists,” comments Marc Pritchard, Sales and Marketing Manager of Taylor Wimpey España. “Indeed, the pound is now at its strongest against the euro in nearly 2 years reaching an exchange rate of £1:€1.25 meaning that British families have more money to spend.”

More tourists with bigger budgets have been good news for sales at Taylor Wimpey, who have also benefited from a flight to quality. “We at Taylor Wimpey España have actually seen a 21% increase in the number of units sold between January and April this year over the same period in 2011 with Brits still remaining our biggest buyers,” explains Pritchard.

Taylor Wimpey España offer some of the best new homes on the Costa del Sol, Costa Blanca, and Mallorca, all with Taylor Wimpey’s trademark quality. For example La Floresta in Elviria Alta (pictured above), an exclusive development in a quiet area, with stunning sea and forest views. Facilities include the use of Soto Golf Club. From only €178,000.

For their latest offers on the Costa del Sol contact Taylor Wimpey España on 08000 121 020 or visit www.taylorwimpeyspain.com. Outside the UK call 00 34 971 706 244.

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About Mark Stücklin

Mark Stücklin is a Barcelona-based property market analyst and consultant, and author of the 'Spanish Property Doctor' column in the Sunday Times (2005 - 2008). He can be reached by email on ms@spanishpropertyinsight.com.