Back to Spain: As pandemic-related restrictions continue to ease, Taylor Wimpey España has reported a surge in demand for Spanish second homes, with web visits, leads and sales all enjoying double digit growth in June. The leading Spanish home builder’s experience is being reflected across the market more broadly, as well. Q1 2021 figures from Spain’s Colegio de Registradores show a 23.42% surge in the purchase of new build homes, along with an increase of 11.08% in previously owned property sales. Prices are up too, by 4.83%.
Currently on the UK government’s green list for travel, Mallorca is welcoming a surge in holiday makers and second home buyers. Jet2 reported a 3,000% increase in bookings for the Balearics for July, while a British buyer has already snapped up the first property at Taylor Wimpey España’s just-launched Es Llaut, on Mallorca’s north-eastern coast.
The Costa del Sol is also extremely busy, with Taylor Wimpey España reporting a 59% increase in year-to-date sales there in June. Buyers of 15 different nationalities have purchased property there through the company so far this year, with Belgian buyers leading the charge and Britons in second place.
It is perfect timing then, for details of the brand new Marbella Lake development to be revealed. Just 5 kilometres from Puerto Banús, in Nueva Andalucía at the heart of Marbella’s Golf Valley, the residential complex will deliver 98 apartments. Spread across several three-storey buildings, the homes will be set within beautifully landscaped gardens, with four communal pools on site.