International property sales in Spain rise

One developer operating in the Spanish market has reported a rise in the number of sales to international buyers.

Taylor Wimpey de Espana revealed that during the first eight months of this year, it saw transactions to overseas investors increase by eight per cent, on the year to date.

According to the firm, it also received a significant rise in the number of enquiries about properties in Spain, with a 70 per cent boost in the first half of the year, compared to the same period in 2010.

The company also showed that it is Brits who are keen to enter the real estate market, accounting for 32 per cent of sales so far this year.

Spanish buyers have also been active in their domestic market, carrying out 24 per cent of transactions, while German, Russian and Belgian investors also purchased properties in the nation.

Earlier this month, Adrian Warriner, managing director at Spanish-Living.com, noted that the significant price falls that have occurred in many regions of the country make this the ideal time for investors to find a bargain.
 

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