Taylor Wimpey Espaná has announced that the company has seen continued growth in the Spanish housing market with a total order book, as of 5 November 2017, standing at 388 homes.
This represents a 13% increase on the equivalent period in 2016 (342 homes) with Spain’s leading housebuilder expecting the business to report another year of growth in operating profit* in 2017 (FY 2016: £20.6 million operating profit*).
As part of their commitment to delivering quality developments as the trusted name in Spain, Taylor Wimpey España has also revealed that five developments have sold out already this year with a combined total of 208 units.
Enquiries to the housebuilder for Spanish holiday homes during the summer season were also up by 13% – the biggest growth seen in the last six years – with such positive results emphasising the continued recovery and appeal of the Spanish market in 2017.
“We are extremely proud of the results that Taylor Wimpey España has generated to date in 2017. The Spanish housing market has remained strong throughout 2017 and we believe that it will continue to thrive further next year.” Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España
Additional figures from Taylor Wimpey España also confirm that British buyers are definitively back in Spain, accounting for half of the last four month’s sales. From July to October 2017, the number of Taylor Wimpey España homes purchased by British buyers increased by 118%.
The Costa Blanca remains the most popular region for buyers especially with the launch of the latest development, Panorama Mar, which has attracted buyers from 20 different nationalities.
Indeed, with the market strong, Taylor Wimpey España is ready to provide a range of new homes across the Costa Blanca, Costa del Sol and Mallorca with many developments launching.
One such new development is in the popular destination of Cala d’Or on the Balearic Isle of Mallorca. Offering 2 bedroom apartments surrounded by spacious gardens and a communal swimming pool from just €214,000 + VAT, the contemporary homes at Acquamarina have everything to marvel potential buyers in search of the perfect second residence.
*Operating profit is defined as profit on ordinary activities before net finance costs, exceptional items and tax, after share of results of joint ventures.