Is it time to follow Bill Gates into the Spanish property market?
News that billionaire Bill Gates has acquired a $155 million stake in Spanish builder Fomento de Construcciones & Contratas SA (FCC) has certainly caught the attention of property investors around the world. With Gates’ 5.7% acquisition leading to an immediate increase in the share price of FCC, is now the time to follow this business magnate into the Spanish property market ?
According to the latest data released from the Spanish Office for National Statistics (INE), the downward trend of property sales has definitely turned a corner, once again thanks to the foreign investors. The first half of this year saw the highest turnover of property transactions in 9 years with €2.834 billion being brought into the country, compared to the lowest year in the last decade which registered just €199 million.
- Taylor Wimpey España says ‘YES’ as influx of buyers swoop in on the Costa del Sol
- Bill Gates acquires[RC1] $155 million stake in Fomento de Construcciones & Contratas SA
- €2.8 billion brought into Spain through real estate (INE)
- Taylor Wimpey España records 257% increase of sales on the Costa del Sol (Oct 2013)
Marc Pritchard, Sales and Marketing Director for leading house builder Taylor Wimpey España comments,
“Even though Spain is now officially out of recession, many Spaniards are still feeling the pinch of turbulent economic times; the situation seems to be easing across neighbouring European nations which is having a positive effect on the Spanish property market.
“Here at Taylor Wimpey España we are experiencing an influx of foreign buyers on the Costa del Sol in particular with a 257% increase in property purchases throughout October alone, in comparison with the same period in 2012, showing Spanish property in prime coastal locations remains a hot commodity!”
Indeed, the love affair with owning a bolthole under the Spanish sun is yet to show signs of cooling so why not take a look at what Taylor Wimpey España has to offer in the ever popular Costa del Sol.
Avalon is situated in one of the best areas of Marbella,on the prestigious Los Arqueros golf course and just 20 minutes from Estepona. This residential complex consists of luxury apartments and penthouses of 2 large bedrooms with 2 bathrooms and indulgent finishes.
Boasting natural charm with stunning sea and golf views, large terraces, communal swimming pool and beautiful landscaped gardens all for just €260.000, these properties are certainly not to be missed!
For more information please contact Taylor Wimpey España today on 08000 121 020 or visit www.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 244.