Spanish holiday-home builder Taylor Wimpey España say they “remain cautiously optimistic” for the future of Spain’s real estate landscape, and expect to make “good progress for the year as a whole.”
The company, which is part of the UK’s Taylor Wimpey group, and has been building homes in Spain for over 50 years, has released figures showing a substantial increase in their total order book, as at 3 July 2016, of 29.5% to 399 homes.
Further highlighting the gradual improvement of the Spanish market, the leading developer also confirmed an increase in the average selling prices when compared to last year. The average selling price of a Taylor Wimpey España property during the first half of 2015 was €284,000, this has now increased by 20.4% to €342,000 in the same period this year.
The increasing average amount being spent on Spanish property indicates a revitalised confidence in the market that is set to continue in the coming months. Recent figures from Spanish property valuation firm Tinsa confirm this trend, with the average price of a home in Spain growing by 0.8% during Q2 2016.
Javier Ballester, Managing Director for Taylor Wimpey España says 2016 has been a successful year so far for Spanish property. “The figures confirm that a growing number of buyers are purchasing properties at higher prices, which emphasises the fantastic news that the Spanish market is on a positive trajectory. The strength of our order book continues to build and we would expect the second half of 2016 to be just as exciting and rewarding, if not more so.”
Taylor Wimpey España are one of the biggest developers in the second-home and resort industry, with projects for sale in the Costa del Sol, Costa Blanca, and the Balearics. For information on their current developments for sale contact Taylor Wimpey on 08000 121 020 (Freephone UK) or +34 971 70 69 72 (Rest of the world) or visit www.taylorwimpeyspain.com.