Fuster & Associates and AIPP join forces to set Spanish new build property benchmarks

Fuster & Associates and AIPP join forces to set Spanish new build property benchmarks

Spain
  • New partnership agreement signed at 20th anniversary celebration on 1 March
  • Fuster Standard quality approval process at heart of working arrangement
  • Focus on helping agents promote only verified developments, benefiting clients
  • Verified developers to achieve better and wider sales distribution

Expert Spanish property lawyers Fuster & Associates and the respected Association of International Property Professionals (AIPP) have joined forces to create a new partnership that will set industry benchmarks for quality, assurance and reliability within the Spanish new build property market.

The agreement was signed by Fuster & Associates Founding Partner David Fuster and AIPP CEO Peter Robinson at the Fuster & Associates 20th anniversary event on 1 March 2020.

“AIPP’s mission is to improve industry standards and help buyers make sensible choices. With the kind of purchase problems that can relate to new properties, it makes sense to look at the supply-side. Our agreement with Fuster & Associates establishes a new benchmark of due diligence at the point of sale, avoiding problems for sales agents and their clients long before the conveyancing stage. This perfectly complements our new AIPP agent training initiative, covering both compliance and business skills”

Peter Robinson, CEO, AIPP

David Fuster and his team created the Fuster Standard in order to meet the critical need for rigorous legal support for Spanish property agencies. The market-leading qualified approval process sets industry benchmarks for quality, assurance and reliability within the Spanish property market, which is what first piqued the interest of AIPP. The Standard guarantees that all the necessary legal paperwork has been completed in advance of a property being offered for sale, thus providing reassurance both for the agent selling it and for the buyer.

It is the Fuster Standard that is at the heart of the AIPP partnership. Fuster & Associates will be in charge of the certification of developers through The Fuster Standard seal of approval. Certified Spanish developers will be offered discounted membership of AIPP with three clear benefits:

  1. Accessing AIPP member agents
  2. Option for unique, direct-to-market listings and editorial
  3. AIPP accreditation

Agents who sign up to the Fuster Standard can access an intelligent map that displays all certified new housing developments on the Costa Blanca and Costa Calida, with a planned roll-out across Spain. Professional support is also included, with the Fuster & Associates team in place to advise on tax and legal matters.

Our goal is to reduce potential risks both to agents selling Spanish properties and to those buying them. We are looking ahead to a safer buying environment in 2020 through our partnership with AIPP, creating a roadmap for agents and their clients to avoid the pitfalls of the past and work towards a brighter future.”

David Fuster, Founding Partner, Fuster & Associates

Having worked in the Spanish property sector for over 20 years, Fuster & Associates support clients in a wide range of property-related matters. This includes helping over 200 families to reclaim deposits lost to developers who went bust in the early 2010s.

For more information please contact Fuster & Associates on +34 965 271 505 or visit www.fuster-associates.com

Putting the PR into PRoperty: AB Property Marketing celebrates 15 years of success

Putting the PR into PRoperty: AB Property Marketing celebrates 15 years of success

United Kingdom
  • Agency has represented property clients around the world for past 15 years
  • From Albania to Zambia, from new builds to BTR, PBSA, B2L, second homes & interiors
  • Agency based on a passion for property, innovative PR techniques & attentive client service

March 2020 sees leading property PR agency AB Property Marketing celebrating 15 years of successfully representing clients around the world. From a two-woman Surrey start-up, the company has grown and flexed since forming in 2005, finding new and innovative ways to promote a wide range of different property clients and their projects.

Now based in London, Founder and Managing Director, Charlotte Ashton, comments,

“It’s incredible to think that the start-up I co-founded all those years ago has grown to represent household names within the property industry. I’m so proud of the work that the team has undertaken in gaining in-depth knowledge of our clients, their markets and products. We’ve purposefully kept a focus on property alone and strived to deliver an attentive service that you can only get with boutique PR agencies, meaning that our clients always get fully committed, bespoke services.”

Over the past 15 years, AB Property Marketing has worked with leading names in the property sector, including Taylor Wimpey, Quintain, JLL, Tipi, be:here, Millgate, Alexander James Interior Design and Currency Index. The company has delivered PR expertise for UK new homes, international second homes, purpose-built student accommodation (PBSA), hotels and resorts, investment properties (from buy-to-let to care homes), the build to rent sector and much, much more.

“We’ve worked with AB Property Marketing for over a decade now and are still impressed by the team’s enthusiasm, knowledge and personal service. I’m delighted that they are celebrating 15 years of success – but certainly not surprised!”

Marc Pritchard, Head of Sales and Marketing, Taylor Wimpey España

One of the keys to AB Property Marketing’s success has been the company’s willingness to adapt. Popular property investment products and locations change over time, as does everything from the types of second homes available to property-related tax regimes. By utilising their passion for property and staying two steps ahead, AB Property Marketing has been able to support clients to navigate the shifting landscape, just as it has done itself.

“In the past 15 years, we’ve gone through everything from a major global recession to the painfully drawn-out Brexit process. Factors such as these can have a dramatic impact on the property market, both domestically and overseas. That’s why adaptability and horizon-scanning are so essential when it comes to working in the property industry over the longer term.”

Charlotte Ashton, Founder and Managing Director, AB Property Marketing

AB Property Marketing has become the partner of choice for developers looking to bring new property products to market, as well as established brands with their own long history of success. The agency is also a long-term friend to those who write about property, providing up-to-the-minute commentary on political developments, local insights into sun-kissed holiday destinations and everything in between.

“Charlotte’s longevity is proof of her talent for good PR in a very transitory business. Never just reactive, she is great to deal with and great at balancing the often-conflicting demands of property client and journalist (!). Experience does count.”

Liz Rowlinson, freelance property writer for The Times, The Daily Telegraph, Financial Times & Editor of A Place in the Sun magazine

For all your property public relations needs, contact AB Property Marketing on +44 845 054 7524 or visit www.abpropertymarketing.co.uk.  

Spanish lawyers Fuster & Associates issue warning over reclaiming lost deposits, as October deadline looms

Spanish lawyers Fuster & Associates issue warning over reclaiming lost deposits, as October deadline looms

Spain
  • Deadline for reclaiming lost off-plan property deposits is 7 October 2020
  • Fuster & Associatees has helped over 200 people claim lost deposits
  • New Fuster Standard quality assurance mark encourages safer buying

Expert Spanish property lawyers Fuster & Associates have issued a warning to all those who lost deposits to property companies that went bust in Spain and have yet to try and claim the money back. The company has warned that those who don’t take action in the next six months will miss their chance to reclaim any of their lost funds. That’s because the deadline for requesting the return of funds given to a property developer is 7 October 2020.

Fuster & Associates has already helped more than 200 people recover the deposits they put down on Spanish properties in the early 2010s and subsequently lost due to developers going bust. To date, the firm has a 100% success rate for such cases.

On 7 October 2015, the Spanish Supreme Court took action in favour of those buyers, in a ruling that assigned a share of the responsibility to Spain’s banks and that gave the would-be buyers five years to take action. The court asserted that those banks that had failed to ensure that guarantees were in place to return payments in the event of a breach were liable to pay out in certain circumstances.

“Buyers with non-delivered homes who signed contracts between 7 October 2005 and 7 October 2015 have until 7 October 2020 to make a claim. Those who signed contracts later must also take the new regulatory regime that came into force on 1 January 2016 into account.”

David Fuster, Founding Partner, Fuster & Associates

That regime requires real estate developers to guarantee the amounts paid by buyers from the moment the building licence is obtained, rather than from the signing of the private purchase contract, as was previously the case. The change means that the buyer must ensure that the developer has been granted a building permit before they hand over any funds. If they don’t, there will be no guarantee or surety insurance that they will be able to reclaim any of their funds should the developer go bust.

Buyers looking to avoid such issues now have a solution in the Fuster Standard. This market-leading ‘Qualified Approval Process’ sets industry benchmarks for quality, assurance and reliability within the Spanish property market. It proves to buyers that all the necessary legal paperwork is in place in relation to the approved property. Buyers can therefore purchase with confidence, safe in the knowledge that all the correct steps have been taken.

“The lost deposits scandal had a far-reaching impact when it came to buyer confidence in the Spanish property market. Families lost their entire life savings and the extensive coverage of the situation caused many would-be buyers to lose faith in the new-build market. By introducing the Fuster Standard, we’re enabling families to buy safely, with minimal risk.”

David Fuster, Founding Partner, Fuster & Associates

For more information please contact Fuster & Associates on +34 965 271 505 or visit www.fuster-associates.com

Booming tourism and British buyer interest set scene for Iconic Taylor Wimpey España launch

Booming tourism and British buyer interest set scene for Iconic Taylor Wimpey España launch

Spain ,
  • Iconic will be one of most ambitious Taylor Wimpey España developments to date
  • Gran Alacant to be home to 170 new 2- and 3-bed apartments
  • Visitor numbers to Spain up 1.1% in 2019
  • Sales to British buyers up 233% YTD at Taylor Wimpey España

There’s no question that Spain’s tourism sector had a good year last year. The National Statistics Institute (INE) reports a 1.1% increase in visitor numbers in 2019 (compared with 2018), with 83.7 million foreign tourists spending €92.278 million (a 2.8% increase on 2018).

With increased visitor numbers comes increased interest in second homes and figures from leading Spanish home builder Taylor Wimpey España show that Britons are leading the charge. UK interest in the company’s website was up by 32% year to date in February, while second home sales to British buyers were up by a staggering 233%.

The trend is mirrored by figures from Kyero, where international buyer figures rose 23% in 2019 when compared to 2018, with British website visitor numbers up 32% year on year as at Q4 2019.

It is against this booming backdrop that Taylor Wimpey España has launched its latest development: Iconic.

 “Iconic is one of our largest and most ambitious developments to date. We’re delighted to have found a fantastic location, overlooking the beautiful El Carabassi beach in Gran Alacant, just 20 minutes from Alicante centre. Iconic will not only deliver contemporary homes, but superb on-site amenities, providing second home buyers with everything they could wish for in this popular tourist area.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Available from €225,500 plus VAT, the 170 two- and three-bedroom/two-bathroom apartments have been carefully designed to offer a variety of outlooks, including views of the sea, the beach and Iconic’s pool and lush private gardens. The homes come with private underground parking, storage rooms, garden areas and parking for bicycles. There’s also a children’s play area and an outdoor gym circuit.

Gran Alacant has plenty to offer visitors. From dinners with flamenco shows to snorkel safaris and tandem paragliding, this is a location for those looking to get the most out of their time in Spain. For those looking for a more serene experience, Gran Alacant borders the Clot de Galvany nature reserve and is close to the respected CIMAR Marine Research Centre. There’s a fruit and veg market with 140 stalls every Thursday and a fish market in Santa Pola every weekday afternoon.

Santa Pola is a lively town that includes Gran Alacant on its outskirts. Over the years, it has proven popular with expats, to the extent that 17% of Santa Pola’s 2019 population was foreign-born. Of that group, the highest number of foreigners hail from the UK, accounting for 19% of the town’s foreign-born population.

“Gran Alacant is a very versatile location. It’s a welcoming place for families as well as for solo travellers and couples. Whether you want to spend your time adventuring on land, sea and air or simply relaxing with a book among the sand dunes, there’s something for everyone here – including some excellent cafés and restaurants serving seasonal, local cuisine.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

For more information please contact Taylor Wimpey España today 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 expects little help for middle-aged renters from new Housing Minister

Housing Hand expects little help for middle-aged renters from new Housing Minister

Spain
  • Middle-aged people are 3x more likely to rent than 20 years ago
  • 19 Housing Ministers in 21 years provides little impetus for real change
  • Older renters and 2 million freelancers both increasingly need for rent guarantor services

The Office for National Statistics (ONS) reports that people in their mid-30s to mid-40s are three times more likely to be renting than those in the same age group were 20 years ago. Of these middle-aged renters, a third were renting privately in 2017, up from just one in ten in 1997. 

UK rent guarantor service Housing Hand has flagged this up as a concern, both in respect of those trapped in the rental sector at present and in relation to their outlook as they age. 

“We’re seeing the age of the average renter change as it becomes harder to get onto the housing ladder. There’s been a marked change in the number of those renting later into life over the past two decades. What does this mean for those renters as they get older? At the same time, the number of young people who own their own home is dropping, so the number of older renters will continue to swell.”

Jeremy Robinson, Group Managing Director, Housing Hand

The ONS figures show that half of people in their mid-30s to mid-40s had a mortgage in 2017, down from two thirds back in 1997. Combine this with the rise of freelancing in the UK (the country is now home to two million freelancers) and it’s easy to see why there’s a growing demand for rent guarantor services. 

Housing Hand has been providing rent guarantor services for working professionals for seven years. The company steps in to provide an affordable solution where the renter would otherwise need to pay rent upfront to secure the property. 

“For many working professionals, the nature of their work has shifted from fulltime employment to freelancing. Private landlords may shy away from freelancers due to the potential instability of their income or else ask them to pay several months’ worth of rent upfront. Rent guarantor services exist to help the tenant avoid such an onerous condition while also providing the landlord with the assurance they are seeking in terms of the rent being paid on time.”

Jeremy Robinson, Group Managing Director, Housing Hand

In theory, the new Housing Minister, Christopher Pincher, who replaced Esther McVey during the February 2020 Cabinet reshuffle, has it in his purview to tackle the difficulties faced by middle-aged and older renters. However, not everyone has faith that this will be a priority. The fact that there have been 19 Housing Ministers in the last 21 years means that none of those appointed have had the time to fully understand, consult, implement changes and then monitor their effects fully. It means that Pincher, whose tenure will no doubt be as short-lived as those of his 18 predecessors, will have little chance to improve the current situation. 

“The housing market is incredibly complex. Without sufficient time to analyse and understand its complexities, Housing Ministers are forced to make knee-jerk, headline-hitting decisions, which they then don’t take ownership of because they’re usually replaced by the time their ideas have been fully implemented. It’s unlikely that a long-term solution to the increase in the number of middle-aged and older renters will be found under such conditions.”

Jeremy Robinson, Group Managing Director, Housing Hand

Nor is it necessarily in the government’s interest to move people out of the private rented sector. Some of the tenants that Housing Hand has worked with are paying as much as 70% of their income on rent. Consider that in some circumstances over 40% of that rent goes to the government as tax, the combined tax income is astonishing. 

The company gives an example of a tenant earning £2,000 per month and paying a monthly rent of £800. The combined landlord and tenant tax income comes to £1,253 per month. How much enthusiasm exists to mend the broken housing market in such circumstances is certainly open to speculation. As such, it falls to companies like Housing Hand to plug the gaps and support those looking to rent later into life.  

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

Buying in the face of Brexit – Fuster & Associates provides essential advice for second home buyers

Buying in the face of Brexit – Fuster & Associates provides essential advice for second home buyers

Spain
  • New Fuster Standard provides assurance over legality of property sales
  • Buyers snapping up properties during Brexit transition period
  • High-quality homes and high-quality legal advice key to happy purchases

The certainty brought about by the Conservatives’ majority election win in December has given many British home buyers and investors the confidence to proceed with purchasing a new property. This has stimulated the market both at home and abroad. Spain is already feeling the impact, with sales to British buyers surging by 125% over the course of December 2019 and January 2020, according to Taylor Wimpey España.

However, expert Spanish property lawyers Fuster & Associates report that many buyers are still seeking advice on what to focus on when buying in the face of Brexit, indicating that there is more potential to unlock when it comes to the Spanish market.

There’s no doubt that the resolution of the Brexit uncertainty and the UK’s subsequent departure from the EU has kick-started the British appetite for property overseas once more. We’re seen that here in Spain and it’s been mirrored in a number of other European holiday destinations. Many questions still remain though, with those buying during the transition period keen to do so in a manner that will protect their long-term interests.”

David Fuster, Founding Partner, Fuster & Associates

Fuster & Associates advises focusing keenly on both quality properties and quality lawyers, to ensure that all bases are covered. In order to help buyers do this in Spain, the company has launched the Fuster Standard. This new ‘Qualified Approval Process’ sets industry benchmarks for quality, assurance and reliability within the Spanish property market. Buyers can rest assured that a Fuster Standard property meets all the legal requirements for sale, so that they can buy the home in question with the confidence that there will be no unexpected issues during the purchase process.

The Fuster Standard is available for all new housing developments in the Costa Blanca and Costa Cálida that meet all relevant legal requirements. The company’s property team inspect the credentials of each property, ensuring that all the paperwork is in good legal order, before approving it as meeting the Fuster Standard.

This seal of approval benefits those selling the property as well as those buying it. It gives buyers the confidence to move forward with the purchase process, thus benefitting both the agent selling the home and the buyer.

The Spanish property market has performed strongly in recent years. In 2020, we expect to see plenty of interest from British buyers looking to snap up homes before the Brexit transition period ends. Those buying properties that have achieved the Fuster Standard can rest easy in the knowledge that they will not be thrown any legal curve balls during the purchase process.”

David Fuster, Founding Partner, Fuster & Associates

For more information please contact Fuster & Associates on +34 965 271 505 or visit www.fuster-associates.com

Confidence in Spanish property market high as Taylor Wimpey España launches 430 new homes

Confidence in Spanish property market high as Taylor Wimpey España launches 430 new homes

Spain ,
  • Spanish housebuilder announces 7 new developments for H1 2020
  • Cost of new homes will total €92 million
  • Mallorca, Costa del Sol and Costa Blanca all feature in developer’s plans

Leading Spanish home builder Taylor Wimpey España has signalled massive confidence in the state of the Spanish property market, announcing plans to launch seven new developments during the first half of 2020. The properties will provide a combined total of 430 new homes, at a cost of €92 million.

We are delighted to share details of our plans for the coming months. The Spanish property market continues to demonstrate its strength and British appetite for homes here has picked up significantly since the December election result. During the first half of 2020, we’ll be focusing on three areas that are particularly popular with British buyers: the Costa del Sol, Costa Blanca and Mallorca.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Taylor Wimpey España had already shared details of its new Compass development in Mallorca’s Cala D’Or, where construction is already underway. The two-bedroom/two-bathroom apartments with spacious terraces will have two communal pools and spacious landscaped grounds, within easy reach of the stunning cove beaches that dot the south-east Mallorca coastline.

In March, the three-bedroom homes at Port Verd (one of the lovely locations featured on Love Island in 2017) will be the next development to begin in Mallorca, while the Costa Blanca will see the launch of Iconic. One of Taylor Wimpey España’s largest and most ambitious projects, Iconic will include 170 two- and three-bedroom apartments, overlooking the sea in the Gran Alacant area.

Over the course of April and May, Taylor Wimpey España will start work on Cala Estancia, close to Palma de Mallorca, and then on Harmony – a new development at La Cala Golf on the Costa del Sol.

To bring the first half of 2020 to a close, Taylor Wimpey España will be launching Essential at Javea on the Costa Blanca and Marbella Lake on the Costa del Sol.

“We’ve got an incredibly busy start to 2020 mapped out as a result of the increasing level of demand for new build homes in popular coastal and golf areas of southern Spain and Mallorca. Overall, we’re projecting a 5% uptick in demand for new homes across Spain this year, with stronger performance in many coastal areas. It’s an exciting time to be at the forefront of developing new homes in Spain.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

For more information please contact Taylor Wimpey España today 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.

British buyers in Spain surge by 125% as Taylor Wimpey España reveals Spain’s top summer holiday hotspots

British buyers in Spain surge by 125% as Taylor Wimpey España reveals Spain’s top summer holiday hotspots

Spain ,
  • Brits were top nationality of buyers during Dec 2019 and Jan 2020 (Taylor Wimpey España)
  • Andalusia most popular region for property sales, with 19.55% of total sales (Colegio de Registradores)
  • Costa del Sol, Costa Blanca and Mallorca flagged as top 2020 summer hotspots (Taylor Wimpey España)

Leading Spanish home builder Taylor Wimpey España has reported a 125% jump in British buyer numbers, as the uncertainty around the UK’s departure from the EU has finally turned into action. Brits were the top buyer nationality in both December 2019 and January 2020, with total growth across the two months standing at 125%.

Almost all British buyers during that period were focused on properties in the Costa del Sol. It’s one of three areas that the Taylor Wimpey España team has flagged up as Spanish summer hotspots this year. Of particular interest is the prestigious La Cala Golf resort, where holidaymakers and second home buyers can enjoy a wide range of luxurious facilities, including tennis, football and spa facilities, top end dining experiences and three superb championship golf courses.

Some of the best homes for enjoying the stunning views that stretch out over the fairways and rolling countryside to the distant mountains are the key-ready apartments at Grand View. Available from €265,000 + VAT, the two- and three-bedroom homes enjoy both a beautiful setting and high-end fixtures and fittings. They offer ample outdoor space in the form of terraces, while communal facilities include landscaped gardens and a large communal pool.

The British love of the Costa del Sol dates back decades. While the drawn-out Brexit process caused many buyers to pause they are now pushing ahead with their plans and buying Spanish second homes at an impressive pace. With a range of styles and price points available, the Costa del Sol is perfectly positioned to meet varying needs as sales pick up speed during 2020.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

British interest in the Costa del Sol is mirrored by buyers from Spain itself and from other countries. According to the Colegio de Registradores, there were more sales in Andalusia in Q3 2019 than in any other Spanish region. Andalusia accounted for 19.55% of total property sales, with Catalonia coming second with 16.41%. New homes in Andalusia proved particularly popular during the quarter, rising by 5.85% compared to a year earlier.

The Costa Blanca – over 200 km of sun-kissed coastline – is another of Taylor Wimpey España’s summer 2020 hotspots. At Elche in Alicante, smart, three-bedroom townhouses with a communal pool and private terraces and solariums are priced from €179,000 + VAT at Kiruna Residencial.

Over in Mallorca, Taylor Wimpey España has flagged up the area near Pollensa, which has recently been added to the official list of Spain’s “Most Beautiful Villages.” At the foot of the Tramuntana Mountains, Pollensa has an historic centre packed with medieval character that cannot fail to charm. Within an hour’s drive of the village are a range of golf courses and some stunning beaches with crystal clear waters, along with a wide variety of second homes for buyers to choose from. Mallorca also benefits from a regular schedule of well-priced flights from the UK.

At Canyamel Pins in Capdepera (less than an hour from Pollensa), the two- and three-bedroom apartments include large terraces surrounded by pleasant communal gardens. The lovely pool provides the ideal way to cool off during the long, hot summer months, while the location is just beautiful. The homes are just a few minutes’ walk from the beach at Canyamel, as well as the popular Canyamel Golf Course.

 “It’s that time of year when many British families are planning and looking forward to their summer holidays. For those buying a holiday home, it’s an incredibly exciting time, with some superb locations offering sun, sand sporting facilities to suit every taste and budget.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

For more information please contact Taylor Wimpey España today 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.

New Fuster Standard opens up Spanish property market to UK estate agents

New Fuster Standard opens up Spanish property market to UK estate agents

Spain
  • 10% standard commission on Spanish property sales available to UK agencies (Fuster & Associates)
  • Fuster Standard guarantees all legal requirements for sale have been met
  • Spanish market has potential to shore up struggling UK property businesses

The past few years haven’t been the easiest for UK estate agencies, which have been struggling with the long-term impact of the uncertainty caused by Brexit, as well as the fact that real wages are still lower than they were in 2008. While the UK has now officially left the EU, the move is too late to help the 143 high street estate agency closures that PwC and the Local Data Company report took place during the first half of 2019.

Nor is it only property companies with physical premises that have been feeling the strain. Emoov went into administration at the end of 2018 and online lettings agency Upad threw the towel in in October 2019, reflecting the squeeze in the online property market as well as the offline one.

Those estate agencies and branches that remain need to do all they can to court new business. Now, a new service from expert Spanish property lawyers Fuster & Associates is opening up the Spanish property market to UK-based agencies seeking to grow their income.

The Fuster Standard is a quality assurance mark that guarantees that all the necessary legal work relating to a property has been completed in advance. It means that agencies can sell the property with confidence, knowing that their customers won’t face any undue delays or complications during the purchase process.

This reassurance is critical for UK agencies not used to selling properties overseas. Fuster & Associates appreciate that venturing into a new market can a big step to take, so the firm is there to provide comprehensive legal support and advice based on its two decades of experience. And, as David Fuster explains, the potential rewards make tapping into the Spanish market an exciting option for UK property agencies.

Britons account for around 15% of foreigners buying property in Spain, out of a total of 63,100 buyers last year, so it makes a lot of sense for British estate agencies to be meeting their property purchase needs. The standard commission here in Spain is 10%. With an average property value of €235,000 in the southern province of Alicante in Q3 2019, that’s €23,500 per property that UK estate agents have the potential to earn. The Fuster Standard allows them to do so with confidence.”

David Fuster, Founding Partner, Fuster & Associates

Estate agencies selling Fuster Standard homes don’t have to invest anything or change their organisational structure in any way. The guarantee has been designed to minimise all risk to the property agent by ensuring that the property itself is legally ready for sale.

Agents use a dedicated Fuster Standard platform that facilitates their access to the Spanish market, allowing them to see and sell the main developments of the Costa Blanca and Costa Cálida. The free platform also provides access to a network of certified agents, without the UK agent in question having to invest in any additional infrastructure or run any risks.

For more information please contact Fuster & Associates on +34 965 271 505 or visit www.fuster-associates.com

Let Taylor Wimpey España’s Compass navigate you to the right Spanish holiday home

Let Taylor Wimpey España’s Compass navigate you to the right Spanish holiday home

Spain ,
  • New Mallorca development offers affordable luxury in superb location
  • Compass apartments offer easy beach and golf access
  • UK visitor numbers to Mallorca second only to German visitors

Leading Spanish home builder Taylor Wimpey España has unveiled its newest Mallorca development. Compass, located on the south-eastern side of the island, will offer two-bedroom, two-bathroom apartments just a kilometre from the beach.

Mallorca has been a firm favourite with holidaymakers and second home buyers from the UK for years. The latest Balearic Island visitor numbers from Spain’s National Statistics Agency (INE) show 182,833 arrivals in November 2019 and 13,555,994 over the course of the year. During November, visitor numbers were highest from Germany followed by those from the UK.

Tourists are drawn to Mallorca for a range of reasons – its superb climate, picturesque beaches, Michelin-star restaurants and the immense array of sporting facilities on offer. Cycling and Mallorca go hand in hand and the island is also home to some excellent golf courses.

Compass is located just a short distance from the 18-hole Vall d´Or course, in the lovely Cala d’Or area. It is close to a number of stunningly beautiful coves, including Cala Mondragó (declared a National Park), Calo d´Es Pou and Cala Esmeralda, all of which are famed for their crystal-clear waters.

We are delighted to be launching Compass so early in 2020. This is the time of year when most Brits are busy planning and booking their summer holidays and dreaming of a better life in the sun. Compass turns that dream into an affordable reality.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

Two-bedroom apartments at Compass are priced from €256,000 plus VAT. Each home includes direct access to private terraces or balconies from each bedroom, as well as the living room. Apartments on the ground floor enjoy private porches and gardens, while all homes enjoy natural light in both bathrooms. Each apartment also has its own parking space and storeroom, for maximum convenience. There are landscaped gardens, swimming pools and some lovely views down to the harbour from select apartments.

The homes are surprisingly affordable at a time when Mallorca property prices have been rising steeply. Tinsa reports a surge in property prices of 10.7% for Palma de Mallorca in the year from Q4 2018 to Q4 2019, following a rise of 9.5% the previous year. This trend was reflected across many of the island’s most sought-after locations.

“2019 saw Mallorca’s property market perform strongly, boosted by a healthy demand from second home buyers. This level of performance means that those who buy at the right time can enjoy the potential for steady capital growth, as well as the lifestyle benefits of owning a holiday home in Mallorca.”

Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España

 

For more information please contact Taylor Wimpey España today 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.