Taylor Wimpey España launches new beachfront homes, following record September sales

Taylor Wimpey España launches new beachfront homes, following record September sales

Spain ,
  • Posidonia development will provide frontline apartments with stunning sea views
  • Launch follows best ever September
  • Second home reservations running at 3x rate seen in 2019

Leading Spanish home builder Taylor Wimpey España has announced the launch of a brand-new, beachfront development at Punta Prima, in the Costa Blanca. The launch of Posidonia follows the best September for Taylor Wimpey España since the company was founded in 1958. Reservation numbers in September 2021 were treble those seen in September 2019.

It’s always exciting to launch a new development, particularly one such as Posidonia, which goes back to the core of what a beachfront holiday home should be all about. Being able to do so off the back of our best ever September is really exciting.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Posidonia is the ideal blend of traditional and contemporary touches. The location is a long-term favourite with British holidaymakers and an established market for Taylor Wimpey España, with Posidonia located next to the firm’s Panorama Mar development, where the last few key-ready homes are available for sale.

Providing direct access to the promenade, beyond which lie golden sands and the sparkling sea, and with three communal swimming pools and extensive landscaped gardens, Posidonia certainly delivers when it comes to what families want from a frontline second home. The sea views from the 48 apartments, all of which face south, are simply gorgeous.

When it comes to the interiors, the two- and three-bedroom apartments and penthouses are delightfully contemporary. Designed around family living, they are spacious and open plan, with the interior space flowing beautifully out to the large, sea-facing terraces.

The building itself is being constructed with a clear environmental focus in mind, as are all Taylor Wimpey España homes. With an energy rate of C for consumption and B for emissions, it features CLIMALIT type double glazing, renewable hot water (solar energy), lifts with photoelectric cells and automatic sprinklers and drip irrigation for the gardens. 

Posidonia’s homes also come with fitted kitchens (furniture and appliances included), air conditioning/heating and underground parking and storage.

“We are delighted to be able to offer families the chance to buy a home at Posidonia. With completion due in November 2022, we anticipate that by this time next year many families will have already started building happy memories in these lovely apartments. The beautiful beaches, extensive golfing facilities, fantastic local cuisine and, of course, the fabulous weather make the Costa Blanca the ideal location for family breaks.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Homes at Posidonia are available from €279,000 plus VAT.

For more information, please contact Taylor Wimpey España on 08000 121 020 or visit https://www.taylorwimpeyspain.com/. If you reside outside of the UK, you will need to call 00 34 971 706 972.

Why the staycation market is here to stay

Why the staycation market is here to stay

United Kingdom
  • Fabrik Invest outlines long-term strategy for UK holiday let investment
  • UK staycation spending estimated to reach £7.1 billion this summer (up 22% on 2019)
  • Occupancy forecasting at pre-pandemic levels is essential to success
  • The Hideaway by Liv Lodges showcases long-term potential of holiday let investment

Pandemic-related travel restrictions are driving a staycation boom in the UK, as families turn to lodges, holiday lets, caravans and campsites to enjoy their downtime this summer. Mintel estimates their collective spend over the summer will total £7.1 billion – 22% more than during the same period in 2019.

Investors are also rushing to be part of the trend, but what will happen once international travel opens up again? Is the staycation market really here to stay?

According to the team at Fabrik Invest, it most certainly is.

“There’s an exciting long-term future ahead for UK holiday lets. The current staycation boom has served to focus attention on this type of investment and its advantages. Over the longer-term, holiday lets provide one of the highest yielding types of property investment, while also providing benefits that other property investments don’t, such as 0% stamp duty and Furnished Holiday Let tax breaks.”

Dale Anderson, Managing Director, Fabrik Invest

Understanding the longer-term nature of the investment involves a range of considerations. At The Hideaway by Liv Lodges, for example, forecasts have been based on an average of 65% occupancy throughout the year. This is a pre-Covid occupancy level; many lodge parks are currently operating at 80% occupancy or higher. By basing income projections on pre-Covid levels, investors can be assured that the long-term forecast is a realistic one.

Interestingly, another factor at play is the shift to remote working. While this is something that many employees have had thrust upon them as a result of the pandemic, it’s also a trend that looks to be here to stay. A survey by HR software company Personio earlier in 2021 found that only one in three UK workers had returned to the office at least part-time (compared to 59% of workers surveyed in Europe). This continuation of home-based working means that companies need to find other ways to ensure their employees connect. For many, corporate breaks will be the ideal solution.

“Corporate clients will be a key market for many superior holiday parks over the years ahead. Wellness breaks designed to help employees connect with each other while also enjoying the benefits of the great outdoors have an important role to play in the way we approach a more hybrid office/home working arrangement. Off-season corporate breaks like this will help to raise the occupancy levels of park resorts during times when they would traditionally have been quieter.”

Dale Anderson, Managing Director, Fabrik Invest

The Hideaway by Liv Lodges is well-positioned to serve this growing demand for UK-based corporate breaks. Set in the lush Lincolnshire countryside, on the doorstep of the superb spa and golf facilities at Woodhall Spa, the luxury lodges come complete with their own outdoor space with hot-tub. The Hideaway is also home to an on-site gym, games room with table tennis and pool tables, children’s play area, Xbox and PlayStation room, farm shop, restaurant, bar and coffee bar, while the local area provides walks and trails, boat and bicycle hire, river fishing and more.

Holiday parks will, of course, continue to serve those looking to holiday in the UK. Travel restrictions aren’t likely to be fully lifted for quite some time. Even with the rollout of vaccines, countries are experiencing the pandemic in different ways, with waves of infections rising and peaking at different times. There’s a very long way to go before international travel delivers the freedom and choice that it used to.

“The longer-term nature of travel restrictions means a staycation boom not just for this summer but in all likelihood for next year too, and potentially the year after. Even once restrictions are lifted, we anticipate that many families will still feel reluctant to fly and so will look to take breaks in the UK instead. Add to that those who choose not to fly for environmental reasons and those who can’t or won’t have the Covid-19 vaccine, and so likely won’t be able to fly, and the long-term prospects of the holiday let market here in the UK look very healthy indeed.”

Dale Anderson, Managing Director, Fabrik Invest

For investors currently looking at the holiday lets market for the first time, the Fabrik Invest team advises opting for a property that uses pre-pandemic occupancy levels in its forecasting. This should provide a realistic long-term view of potential yields. Finding an investment that has a reputable management company in place (The Hideaway uses established operator Sykes Holiday Cottages, for example) is also important for those looking for a well-managed, hands-off investment.

Finally, it’s also worth looking at what is offered in terms of personal usage – this is another benefit of choosing a holiday let investment over and above one such as buy-to-let.

For more information, please contact Fabrik Invest on 020 8175 9891 or enquiries@fabrikinvest.com or visit http://www.fabrikinvest.com

New travel rules expected to result in surge of holidaymakers – and second home buyers – to Spain

New travel rules expected to result in surge of holidaymakers – and second home buyers – to Spain

Spain ,
  • Taylor Wimpey España predicts that simplified travel will deliver bumper results for Spain
  • Balearic Islands are currently Spain’s most popular destination
  • Beach, local cuisine and sun are “what families are seeking right now”

With the UK government’s new travel rules now in place, it’s easier to visit Spain than it has been in a long time. For some British families, this means looking forward to a long overdue half-term break in the sunshine. For others, it opens up the potential for a more permanent connection with Spain.

“It has already been an exciting summer in terms of rising interest in Spanish second homes from British buyers. Now, with the simplification of travel rules between the UK and Spain, we expect a very busy couple of months ahead, as many families un-pause their plans to purchase property in Spain.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

As of 4 October 2021, anyone travelling from the UK to Spain aged 12 or over must present either proof of being fully vaccinated (at least two weeks before travel) or a negative PCR test result (taken within 72 hours of travel). Travellers must also complete a health control form within the 48 hours before they travel.

Holidaymakers from England and Wales can use the NHS Covid Pass as proof of their vaccination status. Those travelling from Scotland can request a letter from the NHS or download a QR code. Northern Ireland residents can present a Covid certificate.

Covid rules in place in Spain include wearing face masks in enclosed public spaces for those aged 6 and above, as well as in crowded outdoor spaces. Social distancing remains in place (1.5 metres), while local regions also have their own safety measures in place.

Those returning to the UK will not need to take a Covid test before departing Spain, provided they are fully vaccinated. Travellers still have to take a PCR test the day after arriving home, although the UK government is planning to change this to a lateral flow test by the time people return from their half term breaks. Those returning to England also have to fill out a passenger locator form. More stringent restrictions are in place for travellers who are not fully vaccinated.

“The updated UK rules provide a clear and simple way for travellers to access Spain and return with minimal disruption to their daily lives. This is excellent news for holidaymakers seeking some Spanish sunshine. It’s also great news for the Spanish property sector, which is already seeing both demand and prices rise.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Many airlines have arrangements in place for the anticipated increase in demand from holiday makers over the autumn and heading into 2022. Czech airline Smartwings has launched six new routes connecting the Canary Islands with various European countries. EasyJet, meanwhile, is adding five aircraft to its seasonal bases in Spain and Portugal from May, including in Malaga and Palma de Mallorca. The increase means that EasyJet will have five aircraft based in Malaga and seven in Palma.

Leading Spanish home builder Taylor Wimpey España is also gearing up for a busy autumn and winter season. Palma is home to its Sa Galera development, where eight exclusive townhouses overlook the Palma Bay. The three-bedroom, three-bathroom properties include spacious gardens, terraces with superb views over the bay, the cathedral and Bellver Castle and solariums that are perfect for enjoying Mallorca’s famous sunsets. Just minutes from the city centre, the properties are ideally located for families looking to get the very best out of their time away. Prices start from €755,000 plus VAT.

Recently released figures show that Mallorca and the other Balearic Islands led the arrival of international tourists into Spain in June, welcoming 656,082 travellers between them. Since January, the islands have attracted higher visitor spending than anywhere else in Spain as well, according to the country’s National Institute of Statistics (INE). In June, they accounted for 30.5% (€737 million) of all tourism spending in Spain. German and Spanish tourists led the field, with Brits coming in third in terms of visitor numbers.

“After such a quiet summer in 2020, it’s been superb to welcome so many holidaymakers back to Mallorca this year. The island has something for everyone, from sports enthusiasts to families looking to spend their break on the beach. The local cuisine is fresh and delicious, and the island offers a peaceful escape from everyday life. It’s very much what families are seeking right now.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

For holidaymakers who prefer mainland Spain, The Crest at La Quinta Golf Resort in Benahavis (Costa del Sol) is a boutique development of just 14 homes in a delightfully serene area just 10 minutes from Puerto Banús and Marbella. Available from €385,000 plus VAT, the contemporary apartments feature large terraces with stunning, open views over the fairways. There’s an on-site communal pool with solarium and showers, as well as prettily landscaped gardens for owners’ exclusive enjoyment.

Savills’ latest Global Living Spotlight flags up the continuing quest for more space, as well as the role of remote working in terms of global population movements. With high-speed WiFi included across all of its developments, as well as properties that are designed to be spacious and full of light, Taylor Wimpey España is well positioned to serve this market as demand continues to increase heading into 2022. 

For more information, please contact Taylor Wimpey España on 08000 121 020 or visit https://www.taylorwimpeyspain.com/. If you reside outside of the UK, you will need to call 00 34 971 706 972.

Property in 2022: what are the experts predicting?

Property in 2022: what are the experts predicting?

Spain United Kingdom , , ,
  • House prices set to continue rising, albeit more slowly (Fabrik Invest)
  • Rents will rise too, while Build to Rent models flourish (Housing Hand)
  • Demand for second homes overseas will increase, with an emphasis on space both inside and out (Taylor Wimpey España)

It’s been a rollercoaster couple of years for the property sector, both at home in the UK and overseas. As living with COVID in our midst becomes increasingly routine, what could this mean for property in 2022? From owner-occupiers and renters to investors and second-home buyers, we’ve rounded up expert opinions on what next year has in store.

The UK housing market

According to Dale Anderson, MD of Fabrik Invest, UK house prices should continue to rise during 2022, albeit at a more sedate pace than during 2021. He comments:

“Despite the Stamp Duty holiday no longer being a factor, I expect house prices to continue to rise steadily in 2022, as there is still a fundamental shortage of supply in the UK. The shortage of building materials, and shipping restrictions and disruption in relation to those raw materials, is likely to push prices of new builds up, as well.”

Fabrik Invest’s CEO, Steve Jacob, believes that increased interest from investment funds and institutions will also continue to feed price increases. The entrance of Lloyds Bank into the residential market, with its aim to become the UK’s largest landlord within the next five years, is testament to this trend.

The private rented sector

The shortage of high-quality rental properties is likely to keep pushing rental prices up in 2022, according to Fabrik Invest’s Dale Anderson. James Maguire, Head of Sales and Business Development at UK rental guarantor service Housing Hand, agrees:

“Demand continues to outweigh supply in the UK, which means we can reasonably expect that rents will continue to rise. This is also pushing the expansion of Build to Rent models of accommodation. Once seen as more appealing to younger renters, the potential of these kinds of developments for tenants of all ages is becoming more widely appreciated.”

With interest rates so low, Maguire believes that large investors will see the UK as a great opportunity to see a greater return on investment in 2022, with many of them setting their sights on the Build to Rent sector and on Purpose Built Student Accommodation (PBSA).

In terms of accommodation providers, Housing Hand has seen increased demand of late for faster and more secure onboarding of their tenants – a trend which the company anticipates will be important in 2022.

Overseas property in 2022

A perennial favourite with second home buyers from the UK, Spain is a good yardstick when it comes to appetite for international property. According to Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España, there’s plenty of reason for cautious optimism when it comes to overseas property in 2022:

“We are cautiously optimistic about the performance of the Spanish property market in 2022. 2021 is proving to be a very positive year in terms of property sales and we anticipate that this will continue into 2022, with international buyers keen to snap up high-quality new builds.”

That said, he cautions that there are one or two bumps in the road to watch out for, with the main one being that prices of land, building materials and labour are all rising. That means the cost of building homes in Spain is rising, just as it is in the UK and across Europe. 

In terms of what buyers will want from second homes in 2022, Pritchard flags up the importance of open spaces, terraces, communal areas, flexible spaces and light-filled rooms. With COVID still very much present in buyers’ minds, the desire for space will play a big role, as will the need to spend time outdoors. Properties close to the beach and/or golf facilities are likely to be highly prized in 2022.

More information:

Fabrik Invest: 020 8175 9891, enquiries@fabrikinvest.com or http://www.fabrikinvest.com

Housing Hand: 0207 205 2625 or https://www.housinghand.co.uk/

Taylor Wimpey España: 08000 121 020 (00 34 971 706 972 from outside the UK) or https://www.taylorwimpeyspain.com/

What does Lloyds’ entry into the private rented sector reveal?

What does Lloyds’ entry into the private rented sector reveal?

United Kingdom
  • Fabrik Invest flags up banking giant’s move as hedging against inflation and currency devaluation
  • Bulk property purchases by larger funds and family offices likely to follow
  • Property investment seen as a safe haven in times of economic uncertainty

Lloyds Banking Group has launched a new brand – Citra Living – through which to pursue its aim of becoming the UK’s largest private landlord. The banking giant plans to purchase 50,000 properties over the coming decade. What can we tell from this?

According to the team of financial and property experts at Fabrik Invest, Lloyds’ designs on the private rented sector reveal plenty.

“If banks are buying property, this indicates that they’re hedging against potential inflation and the potential devaluation of the pound. With everything going on in the world, banks and governments naturally had to take into account quantitative easing, which means they’re going to be printing more money to stimulate the economy. It looks like Lloyds is now putting a strategy into action to take advantage of the repercussions of that.”

Dale Anderson, Managing Director, Fabrik Invest

The UK’s record low borrowing rates also come into play, with banks jumping on the bandwagon and investing. Other corporate and larger clients are doing the same, meaning we’re likely to see more larger funds and family offices investing in bulk purchases in property over the months ahead.

According to Fabrik Invest, there are other factors at play as well. MD Dale Anderson flags up cryptocurrencies such as Bitcoin as an example:

“Inflation and monetary value aren’t what they used to be. Cryptocurrencies have given people more control over currencies, and banks less so, so that’s a factor that’s feeding into Lloyds’ move as well. Then, of course, there’s the traditional position of bricks and mortar being a safe haven in times of economic uncertainty.”

As inflation rises and the prices of things go up, individuals and enterprises alike will be looking to invest in bricks and mortar, along with other hard assets such as gold, silver and land. It’s a pattern that has played out many times over recent decades. 

Then there’s the housing market itself to consider. Demand continues to outstrip supply for homes in the UK. As a country, we haven’t been building houses fast enough for years.

“That underlying lack of supply means the property sector is a safe bed for Lloyds. With uncertain economic times on the horizon, we’re likely to see many larger institutions looking to the housing sector to provide solid medium- to long-term investment potential. It’s an encouraging sign for individual investors, as it shows the validity of property investment as a money-making strategy.”

Dale Anderson, Managing Director, Fabrik Invest

For more information, please contact Fabrik Invest on 020 8175 9891 or enquiries@fabrikinvest.com or visit http://www.fabrikinvest.com

Housing Hand emerges ‘fighting fit’ from the pandemic, with host of new services and roles

Housing Hand emerges ‘fighting fit’ from the pandemic, with host of new services and roles

United Kingdom
  • New services designed to meet needs of renters, landlords and letting agents
  • Both Partner Portal and House Finder Service resulted from investment during lockdown
  • Further service and partnership announcements expected in Q4 2021

When the UK first went into lockdown in 2020, companies faced unprecedented levels of uncertainty. Few businesses grasped the long-term implications at the outset, believing and hoping that ‘normal’ life would resume shortly. But as the scale of the pandemic began to be understood many companies began to cut costs, shoring up against an increasingly uncertain future.

However, some businesses began to look to the longer-term future, instead of focusing on the immediate situation. One such company was leading UK rental guarantor service Housing Hand. The company quickly grasped the potential of the new normal in terms of preparing to do things differently. As such, Housing Hand has emerged fighting fit from the pandemic, having invested in a host of new services.

“From shaping new roles within the business to mapping out enhanced and additional services, we have used the pandemic to design Housing Hand around long-term growth potential and operational health. The result is that the business has emerged from the pandemic fighting fit thanks to careful planning and investment in the future. This means we can better serve landlords, letting agents, student renters and working professionals alike.”

Terry Mason, Group Operations Director, Housing Hand

Headlining the new launches is the House Finder Service, which provides agents and landlords with a free platform through which to connect with would-be tenants. The ability to specify the kind of tenants they are seeking (i.e. students or working professionals) means less wasted time for all concerned, as does the fact that all properties listed accept Housing Hand as a guarantor.

In addition to taking the pain out of finding properties with its House Finder Service, Housing Hand also announced earlier this year that it had launched a new Partner Portal, designed to support accommodation providers to increase their revenue.

All of this means that Housing Hand is now particularly well placed to serve landlords, letting agents and tenants across the UK and Ireland over the months and years ahead. The expanded range of services means an enhanced rental experience for all parties – one that factors in the new economic uncertainties brought about by the pandemic.

Covid-19 introduced significant turbulence for businesses across a wide range of industries. However, we are delighted to have responded robustly with new roles – including my own! – and new services that will improve the rental experience for all those involved in it. We’re also thrilled to be on the brink of sharing additional service and partnership news in the coming months.”

James Maguire, Head of Sales and Business Development, Housing Hand

For more information, please contact Housing Hand today on +44 (0) 207 205 2625 or visit https://www.housinghand.co.uk/

Perfect penthouses for enjoying some winter sun

Perfect penthouses for enjoying some winter sun

Spain ,
  • Taylor Wimpey España is offering a range of key-ready penthouses for sale
  • Now is ‘perfect time’ to buy, as prices in Spain return to pre-pandemic levels
  • Spacious penthouses can easily accommodate working from home

Taylor Wimpey España is showcasing a range of penthouses available for immediate purchase. With British interest in Spain continuing to rise, the leading Spanish homebuilder is enjoying keen interest in its properties along the Costa del Sol and in Cadiz province.

“Penthouse buyers are seeking something extra special. They are looking for spacious interiors and well-designed exteriors with plenty of room for outdoor dining and relaxation. Spectacular views are also essential, whether they be out to sea, over the verdant green of a golf course or all the way to distant mountains.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

One property that delivers on all fronts is Pier 2 in Cadiz, where the last two-bedroom penthouse is ready for occupation. Priced at €525,000 plus VAT, the property boasts splendid sea views from its prime position on the frontline of Sotogrande Marina. A shared pool and pretty gardens are provided for residents’ exclusive use.

Spain’s property prices are rising rapidly, as the market recovers from the impact of the pandemic. The latest figures from the Spanish National Institute of Statistics (INE) show an increase of 3.3% in the year to Q2 2021, while the price of new build properties rose by 6%. The figures mean that Spain’s property prices have now returned to pre-pandemic levels.

“Now is the perfect time for buyers to pick up a holiday home in Spain, as those buying key-ready homes can look forward to the prospect of using the property over the winter season. Penthouse homes provide a wonderfully luxurious way to enjoy the colder months and have plenty of room for those looking to work from home in Spain, as well as holiday there.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

A key-ready penthouse that offers the ideal work-from-home ambience can be found at Le Caprice, at the Westin La Quinta Golf Resort at Benahavis, Marbella. Costing €698,500 plus VAT, the property comes with three bedrooms and multiple large terraces, as well as spectacular golf course and sea views. The price includes the show home furnishings and an extra parking space, meaning that buyers can instantly enjoy using it.

“Being able to simply pack a suitcase and hop on a flight makes for a very easy way to start enjoying your new penthouse, so we find that fully furnished homes are always popular. Buyers can start enjoying their leisure time from the moment they arrive.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

For more information, please contact Taylor Wimpey España on 08000 121 020 or visit https://www.taylorwimpeyspain.com/. If you reside outside of the UK, you will need to call 00 34 971 706 972.

Housing Hand reports ‘extraordinary surge’ as record number of students scramble to find homes at last minute

Housing Hand reports ‘extraordinary surge’ as record number of students scramble to find homes at last minute

United Kingdom
  • Uncertainty over Covid and Brexit has caused many students to book at the last minute
  • Universities introducing a range of measures to keep staff and students safe
  • Hopes high that coming academic year will be more normal than past couple

UK rental guarantor service Housing Hand has reported an ‘extraordinary surge’ in business, as a huge number of students race to book their university accommodation at the last minute.

We’ve not seen a rush like this before. The summer months are always our busiest period for student bookings, as young people arrange their homes for the coming academic year. However, this summer we’ve seen a record number of students leaving things to the very last moment before booking their accommodation. Brexit and Covid have created the perfect storm in terms of delaying decisions around committing to the expense of accommodation for the year ahead.”

James Maguire, Head of Sales and Business Development, Housing Hand

Housing Hand is the largest and only award-winning provider of rental guarantor services in the UK. Students from the UK, EU and any other part of the world can use the company as a guarantor for their rent. This avoids the need to pay rent upfront, as the landlord is provided with the comfort of knowing that the rent will always be covered. Housing Hand also provides a free House Finder Service, which connects young people with student-friendly landlords and letting agents across the country.

As students scramble to find homes ready for the start of term, universities themselves are doing all they can to prepare for an academic year that looks a great deal more normal than the past couple have. Different institutions are taking different measures to keep their staff and students safe, with a number of innovative schemes and incentives in place to ensure that as many young people as possible have been doubled jabbed by the time lectures start.

“With the prospect of a more normal academic year finally a reality, students are rushing to find the homes that they need in time for the start of the autumn term. It’s entirely understandable why so many have left it so late, but it certainly adds to the pressure in terms of getting everything done in time for the new academic year.”

Terry Mason, Group Operations Director, Housing Hand

For more information, please contact Housing Hand today on +44 (0) 207 205 2625 or visit https://www.housinghand.co.uk/

Regional city buy-to-lets are back, as rental growth hits 13-year high

Regional city buy-to-lets are back, as rental growth hits 13-year high

United Kingdom
  • Rental growth outside of London at highest level since 2008 (Zoopla)
  • Fabrik Invest flags up potential of Manchester and other top city locations
  • Combination of rising rents and price growth potential delivering a double win for investors

Property investors are enjoying the ideal combination of rapidly rising rents and continuing capital growth. Property investment firm Fabrik Invest reports that city buy-to-lets are back, with demand strong in Manchester, Preston and other UK urban areas, as renters return to city centres once more.

The firm’s findings are backed up by the latest Zoopla Rental Market Report. The Q2 2021 figures show that, excluding London, UK rental growth has hit a 13-year high, with a sharp rise in demand, particularly in city centres.

“With cities opening up once more and life returning to something close to normal, renters are once more embracing the convenience of the urban lifestyle. The exodus to the country that we saw when the pandemic began is now contrasted by a surge in demand from renters for city centre homes.”

Steve Jacob, CEO, Fabrik Invest

This is excellent news for investors in locations such as Manchester, where rents rose by 1.4% during the last three months. The city is home to a number of exciting new developments, with one of the most notable being Michigan Towers, at Salford Quays. In the midst of the £1 billion MediaCityUK expansion, the homes will provide a superb standard of waterfront living in easy reach of the best that the city has to offer. The 375 apartments are complemented by an on-site gym and cinema.

“Not only are rents shooting up in Manchester, but so too are prices, with an increase of 7.4% in the year to June 2021. This is the ideal combination of circumstances for investors looking to enjoy a healthy regular income as well as solid capital growth potential.”

Dale Anderson, Managing Director, Fabrik Invest

For more information, please contact Fabrik Invest on 020 8175 9891 or enquiries@fabrikinvest.com or visit http://www.fabrikinvest.com

Buyers snap up key-ready homes in Spain as boltholes to avoid winter lockdowns

Buyers snap up key-ready homes in Spain as boltholes to avoid winter lockdowns

Spain ,
  • Taylor Wimpey España reports increasing demand for key-ready second homes
  • Costa del Sol proves most popular with British buyers, followed by Mallorca
  • Spanish islands see prices rise fastest over past year, at 7.9% (Tinsa)

With autumn upon us once again, and after a less than impressive UK summer, many families are thinking about getting away for some much-needed winter sun. Spain’s Costa del Sol has long been a favourite holiday spot for families looking to pick up a second home. Now it has the added attraction of serving as a winter bolthole for those looking to escape the potential of another winter spent under lockdown in the UK. As such, despite Covid and despite Brexit, the Costa del Sol continues to be popular with British second home buyers, according to new figures released by Taylor Wimpey España.

The leading Spanish homebuilder reports that the Costa del Sol remains its most sought-after region with British buyers. In terms of properties, families are increasingly seeking key-ready homes that they can begin to enjoy immediately and from which they can work. Reliable, fast WiFi is now an essential, not a nice-to-have.

A leading example of the type of property being sought in Benhavis is Botanic, where all apartments except the last, key-ready penthouse have been snapped up in the last few months. Priced at €720,000 plus VAT, the penthouse delivers exceptional accommodation backed by views across the rolling green hillsides down to the deep, glistening blue of the Mediterranean. The spacious interior provides room to work from home while also accommodation the family – perfect for the growing demand for ‘wolidays’, where the pandemic has blended work and holidays like never before. 

With so much interest in the Costa del Sol and other areas of the Mediterranean coast, prices are racing upward. They rose by 5.2% on average in Spain over that past year, with both the Mediterranean coast and the Spanish islands exceeding this, at 6.1% and 7.9% respectively, according to Tinsa.

The attractions of owning a second home in Spain have never been greater, particularly with winter on the not-too-distant horizon once again. We’re seeing interest in all regions increase compared to 2019’s figures, with international clients turning to Spain for key-ready homes that provide them with plenty of flexibility when it comes to where to stay and where to work. Properties such as the Botanic penthouse are particularly attractive to British buyers, as the purchaser and their family become eligible for a Golden Visa, thus opening up access to the Schengen Zone once more.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Nor is the Costa del Sol the only Spanish region finding favour with British buyers. The sun-kissed island of Majorca continues to be a firm favourite with Brits, as well as with a broader international clientele. Homes such as those at Canyamel Pins, just a few metres from Canyamel Golf and the soft, white sands of Canyamel beach. Surrounded by pleasant communal gardens and with a generously sized pool, the homes provide the ideal antidote to the British winter blues. Prices start from €365,000 plus VAT.

“It’s been encouraging to see so many British buyers returning to the Spanish second homes market over the summer months. Despite travel restrictions, British appetite for Spanish property remains strong and many British families are looking forward to picking up properties in Spain with a view to using them as winter boltholes. This provides not only the opportunity to enjoy some winter sun but also the option to get away from the UK to spend any future lockdowns in the sunshine.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

For more information, please contact Taylor Wimpey España on 08000 121 020 or visit https://www.taylorwimpeyspain.com/. If you reside outside of the UK, you will need to call 00 34 971 706 972.