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Alicante reports strong recovery as sales of Spanish homes increase

News Spain - June 2014

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unnamed 1*Sales of Spanish homes rose by 5.3% in April (INE) - *Sale of homes in Alicante rose by 24.3% (Q1 2014, Spanish Development Ministry) - *Taylor Wimpey Espana catering to high demand on the Costa Blanca with new joint venture. According to the Spanish National Statistics Institute (INE) the sale of Spanish homes rose by 5.3% in April, up from the same month in 2013, to a total of 24,968 sales.

Alicante in particular has shown a strong recovery from turbulent economic times over the first quarter of this year, according to a report by the Spanish Development Ministry. The sale of homes in the province rose a remarkable 24.3% in the first quarter, registering more than 6,600 sales.

Moreover, for the first time in several years the domestic demand has begun to gather pace, increasing by 23.7%, compared to declines seen in recent years. Of course naturally, foreign buyers account for more than half of the purchases of properties in the much loved, sunny Alicante, with 55% of sales going to non-domiciles.

Interestingly, according to the data, the Costa Blanca municipality of Torrevieja, Alicante as once again returned to the top of the list of most properties sold this year. Just under a thousand homes sold in the first quarter, reaffirming both domestic and foreign love for the Costa Blanca as a top holiday destination.

Taylor Wimpey España is proud to be at the forefront of the province's recovery. The established developer has over 50 years' experience of building in the Spanish market and currently has a brand new joint venture, a frontline project under construction on the Costa Blanca, in Torrevieja, Alicante.

Javier Ballester CEO of Taylor Wimpey España, comments,

"Our joint venture with Grupo Inmobiliario Gomendio at La Recoleta III is the latest stage of our growth strategy in the Costa Blanca property market. La Recoleta III with its frontline location in the much loved Costa Blanca, offers a very attractive destination for second home buyers. We are very confident in the Spanish market going forward and are moving ahead with the development of a number of our Spanish sites."

For those ready to take advantage of the revival of the Spanish market, the joint venture between Taylor Wimpey España and Grupo Inmobiliario Gomendio will see holiday homes at La Recoleta III residential development available from just EUR 142,000.

The new La Recoleta III apartments are located in a stunning location in Punta Prima, Torrevieja on the wonderful Costa Blanca, famed for its fabulous white sandy beaches.

Mediterranean style buildings, wide avenues leading down to the sea, immaculate garden areas and well-run services make this a perfect place to relax and enjoy the fantastic climate all year around.

The 2 or 3 bed apartments have a well-designed layout with private terraces afford beautiful views over the sea, swimming pool and private gardens.

For more information please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com. If you reside outside of the UK you will need to call 0034 971 70 69 72.