Overseas property purchases in Spain increase 21 per cent

Published: 16/05/2012

With lending criteria tighter than Manchester City’s title win, many Brits are upping sticks and heading for pastures cheaper and sunnier!

According to Taylor Wimpey España, there has been a 21 per cent increase in the number of units sold in the first four months of the year compared to the same period in 2011.

The Spanish property giants also confirmed Brits account for the biggest buyers with Mallorca remaining a firm favourite. In fact there are now 23,773 Britons living on the island according to the latest census from the Spanish National Statistics Institute.

Marc Pritchard is the Sales and Marketing Manager at Taylor Wimpey España:

“The pound is now at its strongest against the euro in nearly 2 years reaching an exchange rate of £1:€1.20 meaning that British families have more money to spend.”

Goldsmith Williams Overseas Ltd (GWOL) specialises in helping people buy a holiday home abroad and is able to offer a full and comprehensive overseas legal property service in 14 countries including Spain, France and Greece.

Content correct at time of publication