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“Spanish market continued to be positive during 2016” reports Taylor Wimpey España

"Spanish market continued to be positive during 2016" reports Taylor Wimpey España

Leading Spanish homebuilder, Taylor Wimpey España, has today announced continued growth in the business as ‘the Spanish market continued to be positive’ during 2016.

The company, which has been building homes in Spain for over 50 years, released figures that show an increase in the total order book, as at 31 December 2016, of 8.5% to 293 homes at the close of the year.

Alongside this, and as part of their commitment to delivering quality developments as the trusted name in Spain, Taylor Wimpey España revealed an increase in completions of 21% in 2016 compared to 2015 (from 251 homes in 2015 to 304 homes in 2016).

Highlighting the improving Spanish market, the leading developer also confirmed an increase in average selling prices compared to a year ago. The average selling price of a Taylor Wimpey España property in 2015 was €315,000, by 2016 this had increased by 14% to €358,000.

Javier Ballester, Managing Director for Taylor Wimpey España comments on the successful end of year figures,

“We are extremely proud of the fantastic results Taylor Wimpey España has seen in 2016, figures which have confirmed our position as the leading homebuilder in the Spanish property market. Our outlook for 2017 is positive, despite wider macroeconomic uncertainty created by the EU referendum result which has and is affecting sales to British buyers in Spain.

“However, the rest of the European markets, specifically Germans, Belgians, Swedish and Spanish, have performed very well in 2016 and we would expect these to continue on an upward trajectory in 2017. Low interest rates and easy access to mortgages in Spain and the rest of Europe will continue to enable buyers the opportunity to purchase their dream Spanish home.

“We will have several new sites in great locations ready to be launched in the first half of half of 2017 and we look forward to welcoming prospective buyers to the improving Spanish market.”

Costa Blanca

With properties across the Costa Blanca, Costa del Sol, Mallorca and Ibiza, Taylor Wimpey España is the name that has become synonymous with new homes in the key tourist and second home locations in Spain. Having been building award-winning homes that complement the natural beauty of the regions in which they’re prevalent since 1958, the company prides itself on exceeding customers’ expectations.

With an improved operating profit for 2016, reflecting the significant contribution of newly acquired sites, today’s announcement by Taylor Wimpey España is part of a successful year for parent company Taylor Wimpey plc, which saw the FTSE 100 company deliver a record operating profit margin of approximately 20.8%.

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