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LIFESTYLE

The sky’s the limit as residential construction levels rise in Spain

The sky's the limit as residential construction levels rise in Spain
  • Licences for new homes jumped 27% in 2017 vs 2016 (Ministry of Development)
  • 349 homes were delivered by Taylor Wimpey España last year
  • Panorama Mar is one high-quality development under construction (Taylor Wimpey España)

Spain’s construction industry is stirring back to life as data reveals an increase in levels of construction.

According to data from the Ministry of Development, authorised licences to build new properties skyrocketed by 27% in the first nine months of 2017 with the number of new build homes in Spain amounting to 60,695 compared to the same period in 2016.

This increase in the construction sector is another encouraging sign for the Spanish property market. Applications for apartment blocks dominate the new build market being the direct result of the significant return of overseas buyers.

Leading Spanish home builder Taylor Wimpey España, which is marking 60 years of Iberian success this year (1958 – 2018), is leading the way in new-build homes in Spain. In the face of any Brexit uncertainties, Taylor Wimpey España has continued to deliver beautifully designed homes, having completed 301 units last year (349 including Joint Ventures).

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“Residential construction is rising once more as demand from overseas buyers continues to strengthen the market. British buyers are once again leading the market’s revival and we plan to extend our portfolio this year with a variety of new developments perfect for those looking for high quality holiday homes in the most popular areas of Spain.”

Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España

For 2018, Taylor Wimpey España forecasts to deliver 400 homes to answer to the rising demand for Spanish properties, with sales to British buyers accounting for 19% of all sales for the company last month.

The picturesque Panorama Mar on the Costa Blanca is a prime example of the high-quality properties that are driving the residential construction boom. Just a few metres from the sparkling sea of Punta Prima, the stunning two and three-bedroom beach apartments offer lifestyle buyers everything they could wish for, with prices from just €279,000 + VAT. The development is expected to complete by November 2018.

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