The Brits are back

Tuesday, September 28, 2010

The Brits are back

British demand for homes in Spain soared last month, according to fresh research released by Spain property developer Taylor Wimpey de Espana.

The housebuilder reports that the volume of enquiries from Brits for properties in Costas in August increased by 80 per cent compared to the corresponding month in 2009. Meanwhile, the number of visits from Brits on viewing tours to Taylor Wimpey's Spanish property developments rocketed by 67 per cent year-on-year.

Despite the challenging market conditions Taylor Wimpey Spain has also seen Spanish property sales increase for the first eight months of 2010. Developments in Mallorca and the Costa del Sol have sold out leading to the launch of new developments in these regions.

Victor Sague, Sales & Marketing Director or Taylor Wimpey de EspaƱa, comments: "Over the last couple of years there has been very limited development, especially in the prime locations in Spain, for example, Mallorca and the Costa del Sol. It is in these destinations that we are now seeing demand for quality and well priced property increase and with limited stock now on the market, in some areas property prices are already starting to rise in response to the demand."

Sague adds that the dramatic fall in Spain property values in the past three years has made now an "excellent time to buy [a home in Spain]".

To read our guide to buying a property in Spain, click here


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