Costa blanca property sales up 57pc

Sales of property in Costa Blanca jumped by 57 per cent in 2012, according to Taylor Wimpey España.

The homebuilder in Spain found that, while real estate transactions overall fell by 3 per cent last year, their Costa Blanca real estate sales significantly increased.

The region not only remains one of the most popular tourism destinations in Spain but also a second home hotspot, explains Taylor Wimpey España, with the increase of sales reflecting buyer demand not just from the UK but across the globe.

Indeed, a huge number of foreign buyers have reportedly descended on the Costas to find their perfect second home. According to Vicente Dómine, Head of the Housing and Public Works Department of the regional government in the Costa Blanca, the purchase of homes in the region by foreign citizens accounted for 29% of the total number sold in Spain, a rise of 32% on 2011.  

Marc Pritchard, Sales and Marketing Director for Taylor Wimpey España comments: “The rise in demand for second homes which we have seen on the Costa Blanca over the last 12 months is very encouraging. Enquiry rates have steadily been returning to pre-recession levels and as the market picks up we are building once again.

“Our latest frontline development, La Vila Paradis, Villajoyosa on the Costa Blanca caters to buyers' needs providing a clean, comfortable and stylish property, a beach on your doorstep, year round sunshine and with new airlines opening up daily routes from all over the world direct to the Costa Blanca, your own piece of paradise is easily accessible within just a few hours!”