Spanish property asking prices begin to increase
The Bank of Spain recently estimated that the Spanish economy contracted by just 0.1% in the second quarter of 2013, down from 0.5% in the previous quarter, raising hopes that a return to growth is imminent.
Indeed, according to leading Spanish property portal Kyero.com, the average asking price for homes across Spain has seen an increase of over €7,000 in the last year up from €245,200 last June to €252,500 in June 2013, indicating the return of confidence in the Spanish property market and good news for those looking to make that dream home in the sun a reality.
Marc Pritchard, Sales and Marketing Manager for Taylor Wimpey Espana comments, “In contrast to the economy, demand for second homes in Spain has definitely not waned. Properties in prime locations are readily available to potential buyers due to price corrections and, considering the unfaltering love for Spain as a holiday destination and retirement hotspot; Spanish property owners will still be able to obtain a solid return on a relatively low-cost investment.
“For anyone dubious about how the market is performing, here at Taylor Wimpey de Espana, the only developer building and selling new developments in Mallorca, we have experienced great success with a significant increase this year on the ‘Golden Isle’ in comparison with 2012. These positive results highlight that in spite of what is going on in Spain right now, buyer interest still remains high.”
For savvy property hunters looking to take advantage of Spain’s unbeatable prices, Taylor Wimpey de Espana have some excellent properties on offer with an all-important 10 year warranty, not available on older or existing properties in Spain – so what are you waiting for?
Los Altos del Golf in Andratx is a fabulous choice, nestled in the heart of a golf course close to the glistening Mallorcan coast. Phase III consists of eleven large semi-detached 2 and 3 bedroom houses and the high quality development is only 800 meters from the famous Camp de Mar beach. Designed in the style of a small Mediterranean village with coloured façades, verandas, spacious terraces, gardens and 3 communal swimming pools, these properties are priced from €515,000.
Or why not take a look at the new Aires de Pollensa development located in the residential area of Gotmar, Mallorca, where you can enjoy a relaxed atmosphere, only 5 minutes walking distance from the beach and promenade which offers a wide range of restaurants, bars and supermarkets.
This luxurious modern three storey development has nine 2 and 3 bedroom apartments in a gated community. The ground floor apartments provide spacious terraces and luscious private garden while first floor apartments have equally generous-sized terraces. The stunning penthouses boast private roof terraces with private access from the apartment and the complex also offers convenient underground parking spaces, a dazzling communal swimming pool and elegant garden.
Prices start from €275,000. For more information, visit taylorwimpeyspain.com.
