Spanish housebuilder Taylor Wimpey España has seen its completions surge by 21 per Cent in the last year, highlighting the building momentum of the market’s recovery.
The company, which has been building homes in Spain for almost 60 years, completed 304 homes in 2016, which is a substantial 21.1 per cent increase compared to the previous year. The average selling price of these properties has also seen a rise of 13.7 per cent, from €315,000 to €358,000.
The company’s most recent figures show it delivered an improved operating profit of £20.6 million for 2016, an impressive 106 per cent growth on 2015’s £10 million, and an operating profit margin of 22 per cent.
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.
Javier Ballester, Managing Director for Taylor Wimpey España, is confident that the market will continue to thrive this year.
“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,” he comments. “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.”
Spanish housebuilding continues to grow
25th July 2016
Housebuilding in Spain continues to grow in 2016, reveal new figures.
Data from the Ministry of Public Works shows that in the first four months of the year, 14,098 new homes were constructed in Spain, up 2 per cent year-on-year, when 13,818 new homes were completed.
The figure marks an ongoing positive trend for Spain’s housing market, although growth remains from a low base – the sector peaked in 2007, with 614,419 completions in the year, 93 per cent higher than the total figure for 2015.
Private developers’ projects accounted for 98.6 per cent of completions between January and April 2016, with 1.4 per cent related to public administrations. Year-on-year, construction of homes by private developers rose 1.6 per cent.
New home construction strengthens in Spain
3rd June 2016
Construction of new homes in Spain enjoyed a strong start to 2016.
New figures from the Ministry of Public Works show that the number of licences authorised for the building of new homes in Spain totaled 16,782 in the first three months of the year, up 57.1 per cent from the same period in 2015 and the best quarterly result since 2011.
Apartments was the main driver of activity, accounting for 74 per cent of the building permits requested, up 64.7 per cent in real terms year-on-year.
The growth follows improvement in the sector in 2015, with permits rising 42.5 per cent last year, following 2014’s increase of 1.7 per cent – the first positive figure in seven years.
Madrid new homes up as Spain’s new-build market improves
23rd May 2016
The number of building permit approvals in Madrid has risen for the third year in a row, as Spain’s new-build market improves.
2015 saw a 68 per cent annual increase in the nuber of new homes granted planning permission, according to Knight Frank, which is forecast to translate into future transactions between 2017-2018.
“Available supply in Madrid stands at circa 3,000 homes. 30% of these are located inside the M-30, where supply is limited due to a lack of development land. 25% of available supply in this area are refurbished properties, while the
remaining 75% are new-build projects,” reads Knight frank’s report.
New home sales also rose 15 per cent year-on-year in 2015, but supply is still expected to fall short of demand. Prices climbed by an average of 2 per cent in the city centre last year, while values climbed 5 per cent and 4 per cent in the districts of Chamberí and Salamanca respectively.
“The new-build market is now clearly on the up,” says Knight Frank. “Future supply has increased considerably, but is still not high enough to meet current demand. This has helped to finally absorb the new-build supply that had been dragging its heels and had been on the market for some years.”
A similarly positive picture is now unfolding across Spain, with the Ministry of Public Works’ latest data showing that a total of 7,326 new homes were completed in the first two months of 2016 – up 15.5 per cent compared to the same period of 2015.
The figures have been welcomed by Kyero as a “positive start” to 2016. Indeed, 2015 ended with eight years in a row of declining new build completions – 45,152, down 93 per cent from the 2007 peak of 641,419. 96.7 per cent of the new home completions at the start of 2016 were made up by private developer projects, up 14.8 per cent year-on-year.
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