Taylor Wimpey España celebrates double operating profit for 2016 as Spanish market continues to soar
Leading UK homebuilder, Taylor Wimpey has released end of year results for 2016 that highlight the significant progress being made by Taylor Wimpey España in the Spanish property market.
The most recent figures show Taylor Wimpey España delivered an improved operating profit of £20.6 million for 2016, an impressive 106% growth on 2015’s £10 million, and an operating profit margin of 22.0%.
The company, which has been building homes in Spain for 60 years next year, completed 304 homes in 2016 which is a substantial 21.1% increase compared to the previous year. The average selling price of these properties has also seen a rise of 13.7%, from €315,000 to €358,000. Such positive statistics emphasise the Spanish property market’s success in 2016.
Javier Ballester, Managing Director for Taylor Wimpey España, is confident that the market will continue to thrive this year, commenting,
“The start of the year has been extremely encouraging and we have witnessed international demand rising again, having sold to more than 25 different nationalities in 2016. Whilst conscious of the potential implications of the wider macro European economic environment, our latest figures show Spain is still very much top of the list for many potential buyers and we are very excited to see what the next 12 months hold for the market.”
Taylor Wimpey España celebrated the start of 2017 by completely selling out three desirable off plan developments in three different destinations.
Costa Beach in Mallorca, Jade Beach in Marbella and Jardin del Mar in Javea have all now sold out, with a combined total of just under 100 units.
And with demand set to rise further still throughout 2017, Taylor Wimpey España are on hand to provide new and alternative options for prospective buyers looking to the sun kissed Costas and the beautiful Balearic isles of Mallorca and Ibiza. With over 15 new developments in 2016, and prices starting from just €150,000+VAT, Taylor Wimpey España can help buyers discover their dream Spanish properties.
Taylor Wimpey España’s latest addition to the Costa del Sol is Botanic, with a privileged south-facing position and on high ground that provides amazing panoramic views of the Los Arqueros Golf course, the sea and the natural beauty of the surrounding area.
The development itself comprises 92 bright and spacious 3 bedroom homes with large terraces, all of which are southwest facing. The 4 storey buildings are crowned by spacious penthouses of modern design with spectacular solariums from which you can enjoy the views from dawn to dusk.
The lavish yet eco-friendly homes with minimal energy consumption are fully equipped with high quality finishes. Cream coloured marble throughout, wide patio doors to the terrace, top of the range kitchen appliances and sanitary fittings, LED lighting, air conditioning and heated flooring in bathrooms, are all included as standard.
With prices from just €350,000 +VAT, it is an extremely well connected location with amenities on offer in Benahavis, Marbella, Puerto Banús or the new San Pedro Boulevard are all within close proximity. Botanic is a place of residence where serenity and tranquility reign although the best in leisure experiences and activities in Marbella are available within a radius of just 5km.
For more information, please contact Taylor Wimpey España today on 08000 121 020 or visit http://taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 972.