Emerging from the winter season, there have been mixed reports about the Spanish market, with official statistics spelling out very different stories. But Spanish developer Taylor Wimpey de Espnana sold 25% more properties than in 2009, resulting in nearly 100% of their completed and built property stock all over Spain being sold.
Demand or Towards the end of 2010, things picked up dramatically, with a 27% increase in enquiries compared to the previous year with enquiries primarily from customers looking to buy holiday and retirement homes in the areas of Marbella, Mallorca and Alicante.
Spain is still one of the most popular holiday and second home destinations in the world for Northern & Central Europeans and with a combination of property price reductions, decreased supply of property in the prime locations and a steady flow of serious purchasers enticing home buyers.
"Sadly there are areas in Spain which are and will continue to be negatively affected by a mass over supply of homes, however in prime locations such as Marbella in the Costa del Sol or Mallorca, popularity with Europeans to own holiday homes or even live overseas, will maintain a steady flow of interest and ultimately sales." says Marc Pritchard, Market Development Manager at Taylor Wimpey de Espana.
To read our guide to buying a property in Spain, click here.