Spain opens its arms to remote workers

Spain opens its arms to remote workers

Spain ,
  • New Kayak survey ranks Spain 2nd in world for remote work
  • Taylor Wimpey España showcases spacious properties for home-based workers
  • Government initiatives show support for digital nomads and entrepreneurs

A new survey from Kayak has ranked Spain as the second best country in the world (after Portugal) for remote workers. And it seems that everyone from home builders to the Spanish government is keen to welcome home-based workers to Spain with open arms.

Spain has so much to offer remote workers, from its weather and lifestyle to its bustling cities and beautiful beaches. The quality of life on offer here is superb and a growing community of remote workers is now able to take advantage of that.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

The 2022 Numbeo cost of living survey certainly makes the case for a new life in Spain. While the UK has become more expensive over the past year, rising from being the 28th most expensive country in the world to the 27th, the Spanish lifestyle has become more affordable, with Spain moving from being the 39th most expensive country at the start of 2021 to the 46th most expensive now. For British workers who aren’t tied to an office, this means more of their salary left over as a result of Spain’s better value lifestyle.

Nor is the affordability of Spanish property its only attraction. As leading Spanish home builder Taylor Wimpey España points out, what better environment to work in than a spacious home in a peaceful setting with views stretching out across the stunning landscape?

The new frontline apartments at Panorama Mar, looking out over the beach and sea at Punta Prima, ten minutes down the road from Torrevieja are a case in point. Priced from €365,000 plus VAT, the two- and three-bedroom homes have been designed for comfort and convenience, with the modern family lifestyle – including remote working – firmly in mind. The apartments provide spacious terraces from which to enjoy the spectacular views out over the Mediterranean, as well as three communal pools and direct access to the promenade. With air conditioning, solar thermal panels, double glazed windows and WiFi, the homes provide everything that remote workers could wish for.

“One of the wonderful things about working in Spain is the balance that you can have between your work and your leisure time. What better way to wash off the working day than to dive into the pool or sit on the terrace and soak up the sun as you listen to the sound of the waves?”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

The Spanish government is also doing its part to embrace modern methods of working. It is trialling a four-day working week at present with a number of Spanish companies, looking at issues such as productivity and motivation as part of the study of more than 3,000 workers.

It has also drafted legislation to introduce a visa aimed directly at digital nomads and start-up entrepreneurs, which is currently pending parliamentary approval. The new visa will allow people from non-European Economic Area (EEA) countries, such as the UK, as well as those who hold EU passports to live in Spain and work remotely for up to six months of the year. The idea is to, “attract and retain international and national talents by helping remote workers, and digital nomads set up in Spain,” according to the country’s Economy Ministry.

Many Spanish companies already understand the benefits of supporting their employees to achieve a better work/life balance. At Taylor Wimpey España, for example, staff finish at 3pm instead of 6pm on Fridays, to get a head start on the weekend. And workdays that run from 8am to 3pm – known as jornadas intensivas – are standard during the summer season (July and August).

“As we begin to accept that life is now a question of learning to live with the pandemic, rather than trying to stamp Covid out, it seems that more flexible models of working are here to stay. Some workers are now fully remote, while others are enjoying a hybrid remote/office arrangement. This has opened up new opportunities when it comes to where people live and work from, with many people now able to realistically plan a new life in Spain that would previously only have been possible during their retirement.”

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.

2021 figures show that Brits in Spain are all about the Costa del Sol

2021 figures show that Brits in Spain are all about the Costa del Sol

Spain ,
  • 54% of Taylor Wimpey España reservations were for Costa del Sol homes
  • Open, flexible spaces, quiet areas and sustainability topped buyers’ wish lists
  • Costa Blanca and Balearic Islands also attracted keen interest from British buyers

Leading Spanish home builder Taylor Wimpey España has revealed that 54% of Brits who reserved homes with the firm in 2021 opted for properties in the Costa del Sol. Meanwhile, 24% chose homes in the Costa Blanca and 22% in the Balearic Islands. Overall, reservations by Britons have rocketed since August 2021, with neither Covid nor Brexit proving sufficient to dampen buyers’ appetite for a second home in the Spanish sun.

We were astonished by the huge leap in demand for homes in Spain from British buyers during the second half of 2021. Some months saw levels of reservations that we’ve not seen in the 64 years that we’ve been building in Spain. The British love of Spain runs deep and families are determined that neither politics nor the pandemic will get in their way.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

In total, buyers of 34 different nationalities reserved properties with Taylor Wimpey España in 2021. Germans reserved more homes than any other nationality, with Britons coming a close second. This reflects the trend in foreign home purchases across the country, with Germans accounting for 10.42% of all foreigners buying in Spain in the year to Q3 2021, and Brits for 9.89%. In total, foreigners accounted for 10.77% of all property purchases in Spain over that period, according to figures from the Colegio de Registradores.

Buyers’ priorities for 2021 were clear, according to the Taylor Wimpey España team. They wanted new homes in quiet areas, with open and flexible spaces. Sustainability and energy efficiency were also key priorities for many buyers. These trends are expected to continue into 2022. Communal swimming pools and lush, landscaped gardens also retain their perpetual importance.

“What’s particularly interesting as we move into 2022 is that Spanish visitor numbers remain below their pre-Covid levels. Tourism is certainly recovering and we expect that it will continue to do so in 2022. Yet these lower visitor numbers haven’t been reflected in the number of people reserving homes with us – quite the opposite. As such, it will be very interesting to see how appetite for holiday homes in Spain pans out over the next few months.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Taylor Wimpey España launched 15 new developments and phases in Spain during 2021, with a total value of €69 million. The company plans to reveal the first of its 2022 launches shortly.

In the meantime, Brits eager to reserve a home in the sun have plenty of choice. The frontline apartments at Posidonia at Punta Prima beach in Torrevieja are ideal for families buying off-plan. Priced from €344,000 plus VAT, the homes will deliver spectacular sea views, with generously sized, south-facing terraces and three on-site swimming pools.

Buyers who are keen to start using their second home as soon as possible can reserve one of the last key-ready property at the neighbouring Panorama Mar. The two- and three-bedroom apartments boast lovely views over Punta Prima beach, as do the ample landscaped grounds, which are also home to three pools, including an infinity pool and a hydro-massage pool. A paddling pool and playground provide plenty of fun for younger family members. Prices start from €365,000 plus VAT.

Property prices in Spain are rising fast. Tinsa reports year on year growth of 8.6% as at Q4 2021. With both high demand and the increasing costs of labour, materials and land projected to push prices up further, British buyers seeking a bargain home in Spain in 2022 would do well not to dawdle.

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 2022 will be the year that Build to Rent comes into its own

Why 2022 will be the year that Build to Rent comes into its own

United Kingdom
  • Return to cities and maturing market signal a bright future for BtR sector
  • Depositless service from Housing Hand provides easier access to Build to Rent home
  • Renters want more community facilities and to connect with others
  • Regional cities to lead growth in 2022

UK rental guarantor service Housing Hand has pointed to the Build to Rent (BtR) sector as one of the key housing trends of 2022. As renters return to cities and embrace the urban lifestyle once more, developers and investors are racing to meet their needs through a range of creative new schemes.

2022 will be the year that the Build to Rent sector finally comes into its own, as the market matures in multiple ways. It is perhaps unsurprising that tenants are embracing the opportunity to live in homes designed to give them a superior living experience. And this demand is driving developers and investors to build more and more BtR homes – as is the fact that tenants in these properties often stay for longer and pay higher rents.”

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

Research by ideal flatmate looked specifically at the cost of Build to Rent accommodation compared to renting privately in a buy-to-let property. The data showed that Build to Rent was on average 15% more expensive. But with added extras such as roof gardens, gyms, resident lounges and plenty more included, and often the price of bills too, it’s fair to say that BtR residents usually get more bang for their buck.

Housing Hand is keen that the premium price tag that Build to Rent homes tend to command shouldn’t be a barrier to renters. This is also where the company’s Depositless renting service comes in. Available as part of the Housing Hand guarantee, it enables working professionals and students (both domestic and international) to move into a Build to Rent home without needing a deposit – and they can even pay the fees for the service monthly.

Already established as the UK’s leading rental guarantor service, Housing Hand is now offering Depositless renting as a means of making the UK rental sector more accessible. The service provides landlords with the assurance that they won’t miss out on any rent payments, even if the tenant defaults, while allowing a broader pool of renters to access BtR homes.

The Build to Rent sector is growing faster than any other property rental sector. As it expands, it becomes even more important to break down barriers to renting and make access easier and quicker for all concerned. We have a track record of delivering in this arena and have already entered into a number of key partnerships as this continues to be a top priority for Housing Hand in 2022 and beyond.”

Graham Hayward, Chief Operating Officer, Housing Hand

The data certainly support the assertion that 2022 will be a big year for the BtR sector. According to Savills, investors poured nearly £420 million into UK Build to Rent in Q3 2021. Activity in the sector means that the future pipeline now stands at 99,500 homes. A further 42,000 are already under construction. All told, the sector has 205,500 homes either in development or already complete.

“The Build to Rent sector is maturing as it grows. Investors are entering into partnerships with developers to fund long-term BtR plans. Renters’ expectations are also maturing, with BtR residents enjoying the wider choice of homes and amenities that the increasing number of developments offers. We’re seeing this particularly outside of London, where regional BtR markets are coming into their own.”

Terry Mason, Operations Director, Housing Hand

 

Cities such as Manchester, Liverpool and Brighton are attracting plenty of investment in BtR schemes, according to Savills. So much so that it is homes outside of London that are driving the construction pipeline. The year to Q3 2021 saw construction begin on 12,000 Build to Rent homes in the regions – the highest such figure on record.

The Housing Hand Depositless renting service is available to those renting homes across the UK. For more information, please contact Housing Hand today on +44 (0) 207 205 2625 or visit https://www.housinghand.co.uk/

Spanish property reservations boom, as buyers race to find the perfect second home

Spanish property reservations boom, as buyers race to find the perfect second home

Spain ,
  • Taylor Wimpey España reservations up compared to 2019
  • Germans and Brits together account for 20% of all foreign property buyers in Spain
  • Germans favour Mallorca, while British families flock to the Costa del Sol

Leading Spanish home builder Taylor Wimpey España has reported very good reservation figures for 2021, with a month still to go before the full year’s numbers are known. Year to date figures for November show impressive growth in property reservations across all areas in which the company operates.

The latest data from Spain’s Colegio Registradores also reflects the strength of demand for Spanish property. The Q3 2021 figures show an increase of 28.6% for property sales across Spain. In Andalusia, home of the sun-kissed (and aptly named) Costa del Sol, that figure rises to 36.7%.

According to the Colegio Registradores’ figures, German buyers bought more property in Spain than any other foreign nationality during the quarter, accounting for 10.4% of all international buyers. British buyers came second, at 9.9%. However, these figures hide significant regional variations.

In Mallorca, for example, German buyers accounted for a whopping 82% of Taylor Wimpey España’s total reservations in the year to November 2021. British buyers, meanwhile, prefer the Costa del Sol. 52% of all British reservations with Taylor Wimpey España so far this year have been in the Costa del Sol.

“2021 has been a superb year in terms of demand for our homes in mainland Spain and the Balearic Islands. In total, 34 nationalities have reserved property with us during this good year. Reservations from British buyers are 60% up on those for the same period in 2019.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Multiple factors are at play here. One is the pandemic’s impact on many British families’ finances. According to the Resolution Foundation, total household wealth has increased by almost £900 billion over the course of the pandemic. Another is the pandemic-driven reassessment of what’s important, with family, freedom, outdoor space and sunshine being several of the items near the top of the list.

Interestingly, the pandemic has pushed some buyers towards buying key-ready homes, while others are looking for an off-plan property to use in the longer-term.

“We’ve seen a notable division between those who were keen to enjoy the sunshine as soon as possible after travel restrictions eased, and those who are still nervous about travelling for the moment. The first cohort have been snapping up our key-ready golf homes and beachfront properties, while the latter have been keen to secure off plan options, providing them with a second home to enjoy with their loved ones in the future.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Taylor Wimpey España’s properties serve both groups. At Green Golf in Estepona, Malaga, for example, buyers can purchase key-ready homes set in a verdant natural landscape from just €299,000 plus VAT. The southwest-facing townhouses are ready for families to enjoy straight away, with on-site communal pools and gardens inviting relaxation and large terraces providing the perfect setting for dining al fresco.

For those looking for an off-plan property, The Crest at La Quinta Golf in Benahavis, Marbella, is home to a collection of 14 beautiful apartments and penthouses with spacious terraces. Nestled on a pretty hill overlooking the winding golf courses, the homes deliver a sense of space and privacy that is unrivalled in the local area. Prices start from €385,000.

Both developments tick all the right boxes when it comes to families’ pandemic-influenced buying requirements. Buyers are now placing more emphasis on quiet areas, seeking out homes close to the beach or on golf resorts. They are looking for open, flexible spaces with terraces and beautiful, spirit-reviving views. Sustainable homes which feature cost-saving appliances are high on many buyers’ priority lists, as are outdoor areas that deliver both pools and landscaped grounds for slow, relaxed wanders in the sunshine.

“Proximity to nature has become increasingly important since the pandemic, with many second home buyers looking to reconnect with the natural world and enjoy the peace that doing so provides. This is certainly something that we seek to deliver with each of our sites, enabling buyers to relax and enjoy the best of Spain’s natural beauty while knowing that every modern convenience is still within easy reach. It’s the best of both worlds.”

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.

Why buying a property is only the first step to enjoying Christmas in Spain

Why buying a property is only the first step to enjoying Christmas in Spain

Spain ,
  • Family and feasting are at the heart of many Spanish festive traditions
  • Taylor Wimpey España highlights importance of cultural immersion at Christmas time
  • Winter in Spain offers added benefits, from fewer tourists to vitamin D top-ups

There are plenty of reasons to spend Christmas in Spain. The warm temperatures in the south of the county are certainly appealing, while all that sunshine provides a much-needed vitamin D boost. Winter is also the ideal time to travel to and around Spain, with the country being far less crowded than during the hectic summer months.

However, according to leading Spanish home builder Taylor Wimpey España, enjoying Christmas in Spain is about far more than simply buying a second home there – it’s about diving into local traditions and flavours all the way from mid-December to Epiphany on 6 January. (Incidentally, those looking to include a second home in their Christmas shopping this year would do well to check out the key-ready, beachfront apartments at La Recoleta III in Punta Prima on the Costa Blanca. Prices start from €235,000 plus VAT.)

Christmas is a wonderful time of year to spend in Spain. It’s a season packed with family values, local traditions, exquisite food and the sounds of children singing villancicos – Christmas carols – as well as key religious services. Spanish Christmas markets are also not to be missed.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

For Britons experiencing their first Christmas in Spain, there are some key differences to take into account. First and foremost, it should be noted that the big man in red won’t be putting in an appearance. Instead, it is the Three Kings who deliver gifts for children in Spain. They do so on Epiphany (6 January), following a big procession in each town on 5 January. During the procession, the Three Kings and their helpers throw sweets into the crowd, with the main present-opening part of the festive season taking place the following day. As in England, though, only the good children receive gifts from the Three Kings – those who don’t behave are apt to receive a lump of coal instead.

Not all Spanish homes have Christmas trees, either, though their presence in Spain is increasing year-on-year. Instead, the central focus of decoration in the home is the Belén – a nativity scene made up of tiny figures, which include Mary, Joseph and baby Jesus in the manger, along with a whole range of other figures.

Spanish families often build up their collection of Belén figures over years, while schools and offices create their own impressive scenes. Christmas markets are an excellent place to pick these figures up and are well worth visiting as darkness falls, when stunning light displays bathe shoppers in their festive glow. They are also an excellent place to shop for Christmas sweets and biscuits, including deliciously nougat-y turrón, crumbly mantecados biscuits, marzipan sweets and sugar-covered polvorones.

“Each region of Spain has its own particular Christmas traditions. These are particularly strong in Andalusia, where they form a key part of the festive season, along with traditions that are shared across the whole of Spain.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

One country-wide tradition is the Spanish Christmas lottery, the draw for which takes place on 22 December. This marks the start of the Christmas festivities for many Spaniards. Christmas lottery tickets are expensive, so players often buy 1/10th tickets, which cost €20. The lottery has thousands of prizes, as well as the main prize, known as El Gordo (‘the fat one’). A second draw takes place on 6 January, marking the end of the holiday season.

Of course, Christmas in Spain also features plenty of feasting, with delicious meals washed down with cava and local wines. Christmas Eve, Christmas Day and New Year’s Eve are all major occasions, with foods including pata negra (the best Iberian ham on the planet), delicious seafood creations, speciality cheeses and usually roast lamb or pork.

Britons spending Christmas in Spain will also need one final thing – 12 grapes. Eaten for good luck and to ward off evil spirits, one grape is eaten with each chime of the clock at midnight as New Year’s Eve becomes New Year’s Day.

“Christmas in any country is special when you embrace the local culture and traditions, and this is certainly true here in Spain. It’s lovely to think that all those families who have bought second homes in Spain with us over the years have had the opportunity to be part of the Spanish Christmas season and to make these traditions part of their annual celebrations.”

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 opens up Depositless renting to all students and working professionals

Housing Hand opens up Depositless renting to all students and working professionals

United Kingdom

• New service will go “above and beyond” any in market
• Innovative product will make renting easier and at a lower cost, while also protecting landlords
• All valid claims are covered immediately, with Housing Hand maintaining a 100% payout rate

UK rental guarantor service Housing Hand has revealed details of its new, Depositless renting service. Available to working professionals, UK students and students from overseas, the Depositless option will allow renters to move into a property without a deposit.

“There are a number of deposit alternative products on the market, in particular insurance bonds that are limited in their scope and coverage and that only pay out at the end of the tenancy. We wanted to go above and beyond those – to offer something that would be better for renters and better for accommodation providers.”

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

This new approach to deposits is rolled into Housing Hand’s guarantor service, which renters can use in place of a personal guarantor. The service provides the reassurance that accommodation providers need that they won’t end up out of pocket if the tenant defaults on their rent.

The Depositless service means that tenants can move in without a deposit, as that is now covered as part of the Housing Hand guarantee. Any claims are covered straight away (rather than landlords having to wait until the end of the tenancy), in addition to the terms of the regular guarantee. Housing Hand upholds a 100% payout rate on all valid claims.

“This is a new approach to deposits. By extending our guarantee cover to include deposits, we are providing clear reassurance to landlords. We’re also facilitating access to the private rented sector and to purpose-built student accommodation for young people who might otherwise have struggled to come up with the amount required for a deposit.”

Terry Mason, Group Operations Director, Housing Hand

Depositless renting is one of a host of new services that Housing Hand has developed since the start of the pandemic. An early appreciation of the pandemic’s likely impact on renters led the firm to invest inward, resulting in it launching a free-to-use new House Finder Service earlier this year. That was followed by the release of a new Partner Portal to support accommodation provides to grow their revenue.

Now, Depositless renting has become the latest service to make renting easier for all concerned.

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

Universities shift their focus to court non-EU students

Universities shift their focus to court non-EU students

United Kingdom
  • 40% drop in EU student applications causing universities to reprioritise
  • Institutions working to suit their accommodation to non-EU foreign students
  • Housing Hand stepping up to support both students and universities with their accommodation

Most people expected Brexit to impact the number of EU students choosing to study in the UK. However, many weren’t prepared for how big that impact would be. As such, the eye-watering 40% drop in applications from the EU for 2021/22 undergraduate courses saw universities suddenly reassessing the positions when it came to international students.

Thankfully, the huge reduction in EU student applications was balanced out by a 17.1% increase in applications from non-EU international students.

“Universities have had to rapidly shift their offering to focus on students from further afield and accommodation plays a big part in that. Students coming to the UK from half a world away are seeking the reassurance of secure, safe accommodation – as are their parents. Yet there are particular difficulties for universities when it comes to housing international students.”

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

This is where UK rental guarantor service Housing Hand comes in. The firm acts as a rent guarantor service for international and UK students, offering fully comprehensive cover of rent, damages and dilapidations for young people who can’t provide a qualifying rent guarantor for their university accommodation. The service benefits all those involved – the student can access accommodation that they wouldn’t otherwise be able to, while the university can rely on receiving full rent payments and knowing that the cost of any damages will be covered.

The Housing Hand team has seen the shift in student applications first-hand. In 2020, applicants for the firm’s guarantor service were led by students from the UK, followed by those from Portugal, then Poland. In 2021, students from the UK still led the applicant numbers, but they were followed by applicants from India and then the United States. Applicants from Oman were in fourth position.

Housing Hand creates a bespoke service for each university with which it works. The recent shift in the balance of international students has driven up interest in this offering significantly. The partnership provides the university with an integrated, co-branded service that they can promote to their students, while students are able to access Housing Hand’s service for a reduced fee.

“Our university partnership service takes the pain out of the accommodation process for all sides. By providing a safe, secure and financially insured guarantor service, we cut out the financial risk to the university. This is particularly important when there’s so much movement and uncertainty in the student market.”

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

The Housing Hand service speaks to students’ concerns over finances as well. The February 2021 ‘Brexit temperature check’ from Study UK found that 72% of students reported worrying about increased tuition fees and living costs when it came to studying in the UK. As such, the peace of mind provided by a rent guarantor is a welcome relief to many. Also helpful is the reduction of administrative pressures that it provides; administrative pressures were raised as a concern by 59% of those surveyed.

“A UK higher education qualification is one that is respected around the world, which means that many overseas families are willing to send their offspring here to study. We need to do all we can to ensure that the appeal of attending university in the UK does not diminish. That means providing safe, affordable and easily accessible accommodation for those students in a manner that’s viable for the universities as well as helpful to the students.”

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/

Why can’t government policy fix the UK’s shortage of rental properties?

Why can’t government policy fix the UK’s shortage of rental properties?

United Kingdom
  • Successive governments have failed to make renting easier and safer
  • Housing Hand’s analysis points to only answer being to build more homes
  • Attempts to make it less profitable to be a landlord or letting agent have resulted in fewer choices for tenants

UK rental guarantor service Housing Hand has a deep understanding of the problems faced by the UK’s landlords, letting agents and tenants. The firm has spent the last eight years making the rental process easier and safe for all those involved, through the provision of rental guarantor services that provide peace of mind for landlords, letting agents and renters like. Yet Group Operations Director Terry Mason likens the experience to swimming against the current:

“The biggest problem with the UK rental sector is lack of housing. It’s been the same problem since the end of World War II. Our population has increased by nearly 35% since then, meaning the problem becomes harder to address every year. Without building enough homes to keep up with population growth, any policies aimed at making renting easier and cheaper will be like swimming against the current.”

Terry Mason, Group Operations Director, Housing Hand

The UK’s population has grown from around 50 million people in 1950 to an estimated 67 million today. At the same time, shifting family unit shapes have created even more demand for homes. Yet the number of households living in the private rented sector is falling. In 2016-17, the sector housed 20% of all households. By 2019-20, that figure had dropped to 19%.

“The private rented sector is an essential part of the UK’s housing makeup, but for the last few years the government has made it harder and less profitable to be a landlord or letting agent. Though intended to make renting a home easier and cheaper for tenants, this has simply led to there being fewer landlords, letting agents and rental homes available. The result? Higher rents.”

Terry Mason, Group Operations Director, Housing Hand

The basic economics of supply and demand mean that the only viable solution to solving the UK’s shortage of rental homes – and subsequent increase in rents – is to build at a far greater pace than at present. Zoopla’s latest rental index shows an increase of 4.6% in the cost of renting year-on-year on average to the end of September. Take London out of the data and that increase jumps to 6%. Such rapid rises simply aren’t sustainable.

There’s a real opportunity here to embrace Modern Methods of Construction and not only increase the number of homes being built in the UK but to do so in a sustainable way. This is the only real way to support the healthy growth of the private rented sector. Building more homes is the only way to solve the long-term problem of rents rising so rapidly – alongside a continued focus on commercial to residential development.”

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

The relaxation of planning laws around commercial premises is a step in the right direction, according to the Housing Hand team. The ability to turn disused commercial premises into residential accommodation has facilitated accelerated growth in the private rental sector.

A speeding up of available Build to Rent and co-living businesses is also creating innovative rental solutions at a time when those looking to rent expect a greater experience in their living space. Onsite gyms, pools, cafes, cinemas and entertainment/social spaces have created vibrant communities, while helping to solve the significant lack of rental accommodation that the UK is facing. Housing Hand is supporting such businesses to become even more flexible in removing barriers to rent. 

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

Holiday homes up their game to attract eco- and cost-conscious buyers

Holiday homes up their game to attract eco- and cost-conscious buyers

Spain ,
  • Global gas price crisis means energy ratings have taken on a new importance
  • Taylor Wimpey España showcases B-rated, energy efficient second homes
  • Buyers seeking sustainability and cost-effectiveness all in one

There is a great deal of focus on energy performance in the UK at the moment, both from an environmental perspective and through property owners seeking to reduce their eye-watering energy bills. But what about properties overseas – how do they compare? Leading Spanish home builder Taylor Wimpey España has shared some insights into the importance of energy performance in Spain.

The increasing cost of energy is one that’s impacting all countries, so there’s plenty of attention being paid to this in Spain right now. It’s particularly relevant in the construction of new homes, as they provide the chance to build far more energy efficient properties, when compared with traditional homes.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Energy ratings are applied EU-wide so the rating system in Spain mirrors that in the UK (for the moment, at least). Energy Performance Certificates (EPCs) range from A to G, with modern homes delivering superior results to older properties.

Taylor Wimpey España, for example, is currently offering a range of key-ready homes with an EPC rating of B. The homes feature large windows to make the most of the natural light (as well as maximising the picturesque views) and deliver maximum thermal and acoustic comfort. Solar panels are used to reduce the properties’ need for energy from external sources.

One such B-rated development is Emerald Greens, which is home to spacious apartments and penthouses at the Costa del Sol’s renowned San Roque Club. Priced from €290,000 plus VAT, the two- and three-bedroom homes deliver stunning views over the fairways and down to the sea, with large, open terraces.

Over in Sotogrande, the pretty, frontline marina apartments at Pier 2 are also rated B for their energy performance. The private gated community includes garden areas and a pool for residents’ exclusive use, while individual homes feature generous terraces with lovely views of the marina. Prices start from €400,000 plus VAT.

“A good energy performance rating is a win on all fronts. It shows that the property’s environmental impact will be minimal in terms of its energy consumption, and it reassures owners in terms of their bills. It’s something that we focus on very carefully for each of the developments that we design and build.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

With COP26 focusing the world’s attention on climate matters, issues such as energy performance are set to command ever greater attention. Thankfully, with a focus on this during the design and construction phase, holiday homes such as those from Taylor Wimpey España can tick all the right boxes when it comes to their energy ratings.

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.

Brits take pole position as Taylor Wimpey España reveals huge surge in Spanish second home buyers

Brits take pole position as Taylor Wimpey España reveals huge surge in Spanish second home buyers

Spain ,
  • British families snapped up more holiday homes in October than buyers from any other country
  • Number of reservations was highest since 2015
  • Costa del Sol is top location for British buyers

When it comes to Spanish second homes, Brits are very much back on the scene. Leading Spanish home builder Taylor Wimpey España has shared its October figures, which reveal that British buyers reserved their highest number of holiday homes since 2015. Demand from Britons exceeded that from any other buyer nationality during the month – the first time this has happened since February 2020, before global lockdowns and travel restrictions were imposed.

British reservations of second homes in Spain have been rising for the past three months, with figures for August, September and October higher than those for the same months in 2019.

“British appetite for Spanish second homes is well and truly alive once more. After multiple lockdowns, and now with far greater freedom to work away from the office, we’re seeing families rush to turn their dreams of owning a home in Spain into a reality.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Many buyers are looking for key-ready homes, as they seek to enjoy spending more time in Spain as soon as possible. Open, spacious interiors where they can work from home are a top priority, according to the Taylor Wimpey España team, as are terraces on which they can enjoy the natural environment all around.

The three-bedroom townhouses at Green Golf in Estepona, in Malaga, epitomise the kind of second homes that British buyers are seeking. Available to move into immediately, the southwest-facing, frontline golf properties are part of a private, gated development with communal pools and gardens. Both the homes and the golf course they face are beautifully integrated with the spectacular scenery that surrounds them. Prices start from €299,000 plus VAT.

Based on year-to-date figures to October, the Costa del Sol is British buyers’ favourite part of Spain. Their favoured resort there is La Cala Golf, which is home to a range of exceptional properties. In one of them – Natura – buyers can choose between key-ready townhouses or off-plan homes. All come with an impressive solarium measuring over 50 mand a garden, as well as a light and airy main floor, three spacious bedrooms and a private basement – perfect for a home-working den. The properties are priced from €525,000 plus VAT and provide panoramic views of the resort. The come , with pretty landscaped gardens and communal pools.

“The Costa del Sol is a long-term favourite with British families and it’s easy to see why. Beautiful beaches, great food, bustling towns, exceptional golf and other sporting facilities… there’s just everything here. Plus the sun shines for 300 days per year – something which seems to take on a particular importance as the British winter approaches.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

British buyers are also snapping up homes in the Costa Blanca, which tends to be more affordable than the Costa del Sol. Others, meanwhile, have been drawn to pricier residences on the Balearic Island of Mallorca. All in all, when it comes to Spanish second homes, the Brits are back in force.

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.