Brits 'still biggest buyers of Spanish property'
Tuesday, October 25, 2011 @ 11:28 AM
Brits are still the largest group of overseas buyers that purchase properties in Spain, new research has revealed.
Taylor Wimpey Espana published its sales figures for September, showing that Brits are responsible for 30 per cent of transactions, followed by Spanish and Russian buyers taking a 20 per cent share of the market each.
Germans comprise ten per cent, the company noted, while other nationalities to express an interest in Spanish real estate include the Swiss, Swedish, Dutch and Belgian.
In addition the property developer pointed out that its sales figures rose in September by 15 per cent, while enquiries were up by 45.5 per cent compared to the same month a year earlier.
Marc Pritchard, sales and marketing director of Taylor Wimpey Espana, commented: "September was a great month for us and October has been following in the same footsteps, with positive sales in the first 15 days."
Despite the rising sales for the firm, the Spanish real estate sector is still suffering, with the most recent government figures showing that, on average, property values dropped by 5.5 per cent in the third quarter, compared to the same period in 2010.
Source: Property Showrooms