19 Sep, 2017 @ 14:06
1 min read

Taylor Wimpey Espana looks to ‘record’ year for foreign buyers in Mallorca

Taylor Wimpey Espana Marc Pritchard HR

TAYLOR Wimpey Espana’s sales and marketing director Marc Pritchard has pointed to a ‘record’ year for foreign buyers in the Mallorca property market.

‘RECORD’: Taylor Wimpey’s Marc Pritchard

The company, which has been building in Spain for six decades, has seen huge success in the Marina Golf and Bahia San Pere developments.

And with average prices of €415,000 across the island, Taylor Wimpey Espana can still offer two-bedroom apartments for around €215,000 at the north-east resort of Bahia San Pere.

Germans, British, Swedish and Swiss buyers are among the most active, says Pritchard, who has lived in Mallorca for 25 years.

“As foreign investment is set to break a new record this year, according to a recent JLL report, we expect the growth in international buyers to continue at Taylor Wimpey Espana,” he said.

“The sales success on all our current projects has been the biggest achievement for us on the island so far.”

The company is set to release two new developments in Cala D’Or and on the south of the island this autumn.

Other building projects are pencilled in for 2018, which Pritchard predicts will be another positive year for the industry in Mallorca.

“The increase in land values linked to limited availability might have an impact on house prices,” he said.

“But despite that, for 2018, the outlook seems steady as the island will maintain its stronghold as a highly desirable destination.”

Joe Duggan (Reporter)

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: newsdesk@theolivepress.es or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

1 Comment

  1. “The company, which has been building in Mallorca for six decades”

    Over-building more like it. How much more building can Mallorca sustain? The island will quickly lose its appeal when it becomes one big concrete slab.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Story

Palma de Mallorca prepares for ban on ‘irritating’ Segways in October

RYanair boss Michael O Leary smiling
Next Story

´IT IS CLEARLY A MESS´: Ryanair faces unprecendented compensation claims from holidaymakers over cancelled flights

Latest from Lead

Go toTop

More From The Olive Press

Property Revival Continues On Spain's Costa Blanca With Unveiling Of New 120 Apartment Complex Just Minutes Away From Airport

Property revival continues on Spain’s Costa Blanca with new apartment complex to be built overlooking sea

PROPERTY developer Taylor Wimpey Spain will spend €18.8 million on
New Seaside Apartment Complex To Be Built On The Costa Blanca In Spain

UK and overseas buyers targeted for new seaside apartments on the Costa Blanca in Spain

DEVELOPERS Taylor Wimpey will spend €17 million on building an