TAYLOR WIMPEY ESPAÑA CONFIRMS ‘MEANINGFUL IMPROVEMENT IN SPANISH MARKET’

Leading Spanish homebuilder, Taylor Wimpey España, has today announced continued growth in the business due to a ‘meaningful improvement in the Spanish market in 2015’.

TAYLOR WIMPEY

The company, which has been building homes in Spain for over 50 years, released figures that show an increase in the total order book, as at 31 December 2015, of 15.9% to 270 homes at the close of the year.

Alongside this, and as part of their commitment to delivering quality developments as the trusted name in Spain, Taylor Wimpey España revealed an increase in completions of 53% in 2015 compared to 2014 (from 164 homes in 2014 to 251 homes in 2015).

Highlighting the improving Spanish market, the leading developer also confirmed an increase in average selling prices compared to a year ago. The average selling price of a Taylor Wimpey España property in 2014 was €250,000, by 2015 this had increased by 26% to €315,000. The increasing average amount spent on a Spanish holiday home indicates the growing trust in a Spanish market that is going from strength to strength. This trust is being restored as the market continues to gain and increasing numbers of buyers look again at this popular second home market. This has been shown in the recent General Council of Notaries figures which showed an increase of 8.7% in sales of Spanish properties in September.

Javier Ballester
Javier Ballester

Javier Ballester, Managing Director for Taylor Wimpey España comments on the successful end of year figures:

“We are extremely proud of the fantastic results Taylor Wimpey España has seen in 2015, figures which have confirmed our position as the leading homebuilder in the Spanish property market. The fact that increasing numbers of buyers are purchasing properties at higher prices, indicates the fantastic news that the Spanish market is on an upward trajectory.

“As more and more people look to buy a home in this wonderful country, we will continue to deliver properties of the highest quality and with accompanying services that provide the very best for our loyal and increasing client base. We look forward to an even more successful 2016, for both Taylor Wimpey España and the Spanish market.”

With properties across the Costa Blanca, Costa del Sol, Mallorca and Ibiza, Taylor Wimpey España is the name that has become synonymous with new homes in the key tourist and second home locations in Spain. Having been building award-winning homes that complement the natural beauty of the regions in which they’re prevalent since 1958, the company prides itself on exceeding customers’ expectations.

With an improved operating profit for 2015, reflecting the significant contribution of newly acquired sites, today’s announcement by Taylor Wimpey España is part of a successful year for parent company Taylor Wimpey plc, which saw the  FTSE 100 company deliver a record operating profit margin of over 20%.