Despite negative reports on the Spanish property market, a leading property developer in the country has announced that sales of Spanish property by foreign investors are up by 8% this year.
Taylor Wimpey de Espana's market report reveals that Brits are far and away the highest investors in Spanish property, making up 32% of the market, followed by Spaniards at 24% and Germans who made up 13% of the purchasers. The most popular areas remain Mallorca, Alicante and Marbella, which have long held a place in British hearts.
The first six months of 2011 saw a 70% surge in enquiries according to the company, and interest was so high that they launched several new projects, 132 units of which are under construction. The death of the off-plan property also seems to have been exaggerated with Taylor Wimpey announcing that 39% of the properties they sold this year were off-plan projects.
Taylor Wimpey de Espana's Marc Pritchard said: “Spain is still one of the most popular holiday and second home destinations in the world for the Northern & Central Europeans. A combination of property price reductions, decreased supply of property in the prime locations and a steady flow of serious interest has enticed home buyers to make the positive decision this year”
Read our guide to buying a property in Spain
If you're thinking of buying a property in Spain, then visit A Place in the Sun Live at NEC Birmingham on 30th September - 2nd October. There are over 20 companies exhibiting that are selling proeprty in Spain including Taylor Wimpey de España, Knight Knox and Real Homes in Real Spain.
Tickets are on sale at £15 for two when booked in advance and come with a free six-month subscription to A Place in the Sun magazine.