Holiday-home builder Taylor Wimpey España capitalised on rising market in 2015

Taylor Wimpey's Calla Malgrana III development in Mallorca

Taylor Wimpey’s Calla Malgrana III development in Mallorca

Leading Spanish homebuilder, Taylor Wimpey España, this week announced a continued growth in business due to a ‘meaningful improvement in the Spanish market in 2015’.

The company, which has been building homes in Spain for over 50 years, released figures showing an increase in its total order book, as at 31 December 2015, of 15.9%, to 270 homes at the close of the year.

Alongside this, and as part of their commitment to delivering quality developments as the trusted name in Spain, Taylor Wimpey España revealed an increase in completions of 53% in 2015 compared to 2014 (from 164 homes in 2014 to 251 homes in 2015).

Highlighting the improving Spanish market, the leading developer also confirmed an increase in average selling prices compared to a year ago. The average selling price of a Taylor Wimpey España property in 2014 was €250,000, by 2015 this had increased by 26% to €315,000.

Javier Ballester, Managing Director for Taylor Wimpey España comments on the successful end of year figures:

“We are extremely proud of the fantastic results Taylor Wimpey España has seen in 2015, figures which have confirmed our position as the leading homebuilder in the Spanish property market. The fact that increasing numbers of buyers are purchasing properties at higher prices, indicates the fantastic news that the Spanish market is on an upward trajectory.

“As more and more people look to buy a home in this wonderful country, we will continue to deliver properties of the highest quality and with accompanying services that provide the very best for our loyal and increasing client base. We look forward to an even more successful 2016, for both Taylor Wimpey España and the Spanish market.”

With developments across the Costa Blanca, Costa del Sol, Mallorca and Ibiza, Taylor Wimpey España is Spain’s leading developer of new homes in key tourist and second home locations.

Taylor Wimpey España contributed to the success last year of parent company Taylor Wimpey plc, helping the FTSE 100 company deliver a record operating profit margin in 2015.

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