© Taylor Wimpey
Signs of Recovery in the Spanish Property Market
Asking prices for properties are on the rise again
A recent estimate from the bank of Spain says that the Spanish economy shrank by just 0.1% in the 2nd quarter of this year, down from 0.5% in the previous quarter and property pundits have already started to notice an increase in the asking price for Spanish property.
Marc Pritchard, Sales and Marketing Manager for Taylor Wimpey España 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 España, the only developer building and selling new developments in Mallorca, we have experienced great success with a significant sales 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 España 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?"
Thanks to Taylor Wimpey for the information.
