Spain is back in business as alarm status ends and restrictions ease
- Fewer travel restrictions and longer restaurant opening hours as life gets back to ‘normal’
- Taylor Wimpey España welcomes positive impact on Spanish property market
- Summer season spending to relieve some of pressure on tourism sector
As one of the world’s most visited countries, Spain relies heavily on its tourism sector to keep the economy ticking over. Like many sun-kissed hotspots, it was hit hard by the pandemic. But hopes are now high for the summer season, as the end of Spain’s ‘alarm status’ on 9 May signals a return to something akin to normal.
“The ending of the alarm status in Spain means a reduction in travel restrictions and an easing of the rules imposed on hospitality venues such as restaurants. People can go out at night again and generally enjoy a quality of life that is much closer to the pre-pandemic days than we have seen here in quite some time.”
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España
Kyero.com reports that sales to international buyers account for 13.97% of all property transactions in Spain (as at Q4 2020). The figure tends to be significantly higher in coastal areas. In the Balearic Islands, that figure stands at 32.89%, while in Malaga province it is 32.23%. In Alicante, foreign buyers made up 40.73% of all transactions.
Leading Spanish home builder Taylor Wimpey España has been serving international buyers in Spain for over 60 years. The company sees the ending of the alarm status as a major step forward in terms of supporting buyer confidence.
“We have many enquiries at the moment from potential buyers who are just waiting for a little more ‘normality’ before they commit to purchasing a second hone. The end of the alarm status is a significant step in the right direction, just as the easing of international travel restrictions in the UK will be on 17 May. The combination of these factors spells good news for the Spanish tourism sector and the country’s property market.”
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España
Taylor Wimpey España has continued to build throughout the pandemic. One of the company’s most recent launches is Port Blau in Mallorca. Consisting of 10 three-bedroom apartments with spacious private terraces, the development provides a communal pool and pretty gardens for residents to enjoy. Port Blau also delivers direct sea access, while the southeast orientation means buyers can enjoy plenty of sunshine. Prices start at €425,000 plus VAT.
Over on the Costa del Sol, meanwhile, Taylor Wimpey España had just launched the second phase of Sun Valley, located in the renowned La Cala Golf resort. With the course winding its way around the homes and a variety of golf, pool and garden views available, buyers can enjoy the serenity of the stunning natural environment, with apartments priced from €251,000 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.