Taylor Wimpey To Invest €20M In Mallorca

24 March 2017 – Inmodiario

The island of Mallorca has proved attractive to the British property developer Taylor Wimpey ever since it launched its business in Spain. Currently, the property developer Taylor Wimpey España has almost half a dozen operations underway on the Balearic Island. The climatic conditions there and the island’s ever improving infrastructure, mean that it is still a location of choice for the British property developer.

On this occasion, Taylor Wimpey España has announced the development of two new urbanisations in Cala Vinyes and Nova Santa Ponsa, in the west of the island of Mallorca, which will benefit from the significant investment that will accompany the creation of jobs and improvements in the environment. In this way, the budgeted investment for the Serenity urbanisation amounts to €16 million, whilst the amount earmarked for Cala Vinyes Hills stands at €4.4 million.

Specifically, in Cala Vinyes Hills, Taylor Wimpey plans to construct 15 exclusive and spacious homes in an urbanisation comprising five completely independent buildings. The asking price for these homes will start at €375,000.

The second development is Serenity, an urbanisation that will see the construction of 65 homes, which will be completed in two phases and which will adhere to the highest quality standards and services that are so integral to Wimpey Homes España’s business. These homes will be put on the market for prices starting at €545,000.

According to the Director of Sales and Marketing for Taylor Wimpey España, Marc Pritchard, these are not the only investments that the property developer plans to make in Mallorca. (…). He said “the current economic environment is encouraging both Spaniards and overseas residents alike to invest in property before prices start to rise again”, as reflected in the data offered by the most recent report from Tinsa, which states that the average price (of a home) per square metre has increased by 1.8% p.a.

Cala Vinyes Hills is located in the area of the same name in the south-east of Mallorca, in Calviá, and just a few minutes away from the exclusive marinas of Portals and Port Adriano. Palma airport is 25 minutes away. The 15 homes at Cala Vinyes Hills will be constructed in five independent buildings with private terraces, a communal swimming pool, gardens and private parking. The homes are expected to be ready by July 2018.

In the case of Serenity, Taylor Wimpey España expects the homes to be finished by October 2018. (…).

The first phase of Serenity will commence immediately. During this first stage, three of the seven buildings will be constructed, comprising 28 homes in total. The second phase will involve the construction of another 37 homes in four separate buildings. The residential development will boast gardens, swimming pools and parking areas.

Original story: Inmodiario (by Carmen Durán)

Translation: Carmel Drake

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