“We hardly have a stock of finished homes” and “more than 95% are sold off-plan”. Neither the increase in temperatures, nor touristification, nor the problems caused by inflation. The Spanish coast continues to attract foreigners and there are many who seek an opportunity to invest in the Levante area, the Balearic Islands, the Costa del Sol or the Cadiz coast. Operations that in a high percentage are resolved with a single payment and behind which are families who want to acquire “a second residence to spend their future retirement”.

The British developer Taylor Wimpey Spain is one of the companies in the sector that has experienced a year-on-year increase in bookings, data that has been accompanied by a 25% increase in contacts from potential clients during the first three months of the year..

The brick “continues to live a sweet moment”, they pointed out from this firm, which remarked that “we hardly have a stock of finished homes”. The demand, taken over —in his case— by foreign clients, is so high that 95% of its transactions are carried out off-plan.

The “international appeal” of the Spanish Mediterranean coast is evident in the fact that the promoter has reserved properties for people of 42 different nationalities. Only 11% of the operations of this firm on the Costa del Sol were carried out by Spanish buyers, while among the majority foreign clientele are the British —14%— and Belgians —10%—, as well as French, Iranian, Russian and Polish —who represent 7% each of them—. The “unique” and emerging markets: “the Latin American countries”.

Sources from this international company pointed out that this phenomenon transcends the limits of the Malaga coast and expands throughout all its areas of influence, such as Palma de Mallorca, the Costa Blanca, Cádiz or Ibiza.. The recurring profile is that of “foreign families who buy as a second residence” and who have retirement on the horizon, but there are also those who see an investment possibility in these transactions. “Their purchasing power is medium or high” and a large percentage face the operation in a single payment.

Foreign clients usually look for, “mainly”, apartments and townhouses located in quiet areas.

The aforementioned sources specified that there is a significant increase in housing reserves compared to 2021, “although the record figures of last year have not yet been reached”. This circumstance could be due to the fact that these “materialize later, when foreign clients have availability to visit the house and the area”.