Construction industry in Spain witnesses a boom as Brits are on a buying spree in Costa del Sol

Construction industry in Spain witnesses a boom as Brits are on a buying spree in Costa del Sol

Not only are the Spanish footballers preparing for a hectic summer ahead. Joining them are magnates from the construction industry, as the signs towards the start of 2016 show a bright year ahead for the industry. As per the statistics released by the Ministry of Public Works, the total number of licenses for new Off-plan homes in Spain for Q1 was 16,782.

Off-Plan property sales are on the up and booming once again

There was a significant increase of 57.1% compared to the previous year and this was the best growth recorded ever since 2011. The main reason for this boom in the construction of residential properties can be attributed to the large number of foreign buyers interested in the Spanish real estate. Even now, the demand from foreign investors is only growing and natives of different European countries have continued investing.

Taylor Wimpey Espana, a popular homebuilder in Spain, released statistics of the total YTD sales in April 2016 and it has shown a growth compared to the previous year. The total number of British buyers increased by a whopping 48%. This is mainly because a large number of Brits are keen to buy a property in Spain and Costa del Sol is highly popular, with the majority of them planning to buy a property in the same region.

The Sales and Marketing Director of Taylor Wimpey Espana, Marc Pritchard, sees a bright future ahead for the housing industry of Costa del Sol. When asked about his opinion, he said:

“Construction within Spain’s residential sector is rising once more, as the demand from overseas buyers continues to strengthen the market. The Costa del Sol has always been a prevalent destination for Spanish holiday homes and is fast becoming the favorite once again amongst British second homeowners. As British buyers choosing Spain’s southern coastline increases, so too does the optimism surrounding the market and we would expect this positive trajectory to continue throughout the rest of the year.”

Taylor Wimpey Espana has recently developed an architectural marvel named La Floresta Sur, in the skyline of Costa del Sol. It is developed in the midst of a UNESCO reserve and it is constructed in the village of Elviria, which is close to the beach and enjoys a proximity to Marbella and Malaga.

The property is developed based on a Mediterranean style and the prices start from just €202,000 +VAT, which has configurations in 2, 3 bedroom apartments along with Italian styled penthouses with silestone worktops, thermal and acoustic insulation and central air conditioning as a part of the deal. Also, when you look out from this property, you will see an amazing view of oak and pine forest in the horizon extending into the sea and it also has two swimming pools, private parking and wonderful landscaping as a part of the project.

The development of Phase 4 is to be completed in the summer and the rest of the units are up for sale with a launch offer. They have enabled houses with fully equipped kitchens, shower area and furnishings as well which will be inclusive with the sale price.

This is one pristine property where you will get to enjoy the beautiful view along with the best possible golf courses in Costa del Sol, such as the La Cala Golf Resort and Santa Maria Golf, along with a direct access to El Soto Golf Club and a stone’s throw away from Nikki Beach Club.