Taylor Wimpey España Invests €68M in Several Developments on the Costa del Sol

30 October 2018 – Eje Prime

Taylor Wimpey España is going for gold on the Costa del Sol. The Spanish subsidiary of the British real estate group, which specialises in second homes for foreigners, has invested €68 million in the launch of several residential developments along the coast of Málaga.

The company has started construction of projects such as Horizon Golf, a complex comprising 55 terraced houses in Mijas; Grandview, a complex comprising sixty lofts and apartments, also in Mijas; Green Golf, a residential development comprising 48 terraced houses in Estepona; and Pier Sotogrande, a residential complex comprising 64 apartments in Sotogrande, in Cádiz.

Taylor Wimpey España’s developments are mainly aimed at British buyers looking for second homes right by golf courses. In fact, Málaga and Cádiz account for more than 71% of all the golf courses in Andalucía, according to a report from New Trends in Golf Tourism: vision to 2020, compiled by the Confederation of Entrepreneurs of Andalucía (CEA), in collaboration with the Ministry for Tourism and Sport.

Spain is still the preferred destination for Brits to buy a home, as highlighted by the UK embassy. There are around 300,000 British people in the whole of Spain and “they are still the main overseas buyers of homes, accounting for 15% of the total”, said Marc Pritchard, Director of Sales and Marketing at Taylor Wimpey España.

In the ranking of overseas nationalities who purchase homes in Spain, the British outrank the French, who account for 8.64%; the Germans (7.77%); the Belgians (6.39%); and the Swedish, who remain as historical investors, accounting for 6.38%.

Original story: Eje Prime

Translation: Carmel Drake

Taylor Wimpey Invests €95M in Costa del Sol to Meet Demand from Brits

14 June 2018 – Eje Prime

Taylor Wimpey España is going to invest €95 million in seven of the developments that it has up for sale on the Costa del Sol. The property developer is strengthening its commitment to the Malagan coast after verifying that Brits, one of its main client cohorts, have doubled their investment in housing in Spain.

“Demand is increasing in general”, explained the Director of Sales and Marketing at  Taylor Wimpey España, Marc Pritchard. The executive also added that “although the Brexit effect caused Brits to buy less in 2017, the fear is disappearing”.

Another important factor in the evolution of house purchases by Brits is the devaluation of the pound, which last year made investment in Spanish housing more expensive for buyers from the islands.

Nevertheless, Spain is still the preferred destination for Brits looking to buy a home, something that is reiterated by the British Embassy in the country. Across the whole of Spain, there are around 300,000 British citizens and “they are still the main overseas buyers of homes, accounting for 15% of the total”, says Pritchard.

In the ranking of foreign nationalities who buy homes in Spain, the Brits exceed the French, who account for 8.64% of the total; the Germans, with 7.77%; the Belgians, with 6.39%; and the Swedes, who continue as a historical investor, accounting for 6.38% of the total.

Original story: Eje Prime

Translation: Carmel Drake

Taylor Wimpey Enters Sotogrande & Strengthens its Presence in Ibiza

28 May 2018 – Eje Prime

Taylor Wimpey España is entering one of the most luxurious urbanisations in Spain. The Spanish subsidiary of the British real estate group is backing Sotogrande, synonymous with luxury housing, in its business plan for 2018, which also includes the launch of around twenty developments in the Balearic Islands, Costa del Sol and Costa Blanca, the three markets where it already has a presence and “in which we will continue working”, says Reyes Coll, Marketing Director at Taylor Wimpey in Spain, speaking to Eje Prime.

So far this year, the real estate company has launched eight new projects. Four of them are located on the Costa del Sol, three in Mallorca and the eighth is in Alicante. The aim of the company is to “launch between five and ten more promotions before the end of the year”, says Coll.

Taylor Wimpey’s main business in Spain is second homes for foreigners, which account for more than 90% of the company’s housing reservations.

In the Balearic Islands, where land is scarce and prices are growing rapidly, the company is finalising the requirements necessary to bring three new projects onto the market: Cala Lliteras, Cala Vinyes and Cala Gració. The latter is located in Ibiza, an island on which the real estate only has 22 homes to date, in Can Misses. The other developments in the Balearic region are located in Mallorca (…).

Almost twenty developments on the market

Without taking into account the aforementioned projects and those in the pipeline, the real estate company already has 19 developments up for sale in the country. Mallorca and the Costa del Sol are the two regions where most of its developments are located, with seven residential projects up for sale, whilst the company has five urbanisations on the market on the Costa Blanca.

Taylor Wimpey España’s business depends on foreigners interested in buying a second home in the country. This profile of buyer is growing again in line with the recovery of the economy. Indeed, the company recorded a 10% increase in its portfolio of international clients. “German, Scandinavian, British, Russian and Belgian buyers all stood out”, explains Coll. The General Council of Notaries explained recently in a report that those nationalities account for the fact that 20% of the homes purchased in Spain are acquired by foreigners. In 2017 alone, the company completed operations involving new homes with buyers from 32 different countries.

In the case of buyers from the United Kingdom, players in the Spanish residential market were fearful of the consequences that Brexit might have on sales. Nevertheless, sources at Taylor Wimpey explain that reservations from Brits have increased over the last nine months.

40% growth in post-crisis reserves

The end of the real estate crisis has also arrived for Taylor Wimpey España, whose reservations grew by 40% in 2015 and have continued to increase ever since (…).

According to its roadmap, the company is not planning any changes to the line of business that it has operated for sixty years. The property developer will continue to specialise in the construction of apartments and terraced homes in the most touristy areas of the country and will finance them solely using own funds.

Original story: Eje Prime (by J. Izquierdo)

Translation: Carmel Drake

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