Andalucia property is increasing in popularity and helping to drive Spanish real estate sales. According to Taylor Wimpey Espana, foreign buyers are showing lots of interest in the country of late and coastal regions are proving themselves to be the main draw.

Marc Pritchard, sales and marketing manager for the real estate agent, stated: "Improvement of sales in the Spanish property market has primarily come from developments in coastal areas such as Andalucía, with buyer's request´s to live in close proximity to a beach coming top of the list followed closely by a golf course. In November 2012 alone we saw sales increase 144 per cent compared to October."

Sales are being driven by the low prices created by the financial crisis and according to Invertia, property purchases from overseas buyers increased by 18 per cent in 2012 from 2011 levels. According to the Global Property Guide, the Costa del Sol is also proving popular and Taylor Wimpey Espana has already recorded a 74 per cent increase in sales so far this year.

So popular is this region that the new development Los Arqueros Beach sold in record time. Just four minutes walk away from the beach and the amenities of Pedro de Alcantara, over 60 per cent of this luxury development has been sold off-plan since September.

"Whilst the domestic market in Spain is indeed suffering, the second home market is back with vengeance. Overall we have seen a 17 per cent increase in sales to date in 2012 compared to the same time last year but the 74 per cent increase in sales in the Costa del Sol is remarkable," Mr Pritchard stated.

Property development firms such as Taylor Wimpey Espana are increasingly realising the importance of these coastal regions and are ploughing investment into the regions. Angeles Munoz,  mayor of Marbella, has welcomed this boost in activity, stating that the area is a benchmark for sector and the Los Arqueros Beach development alone will create more than 160 jobs over the next five years.

source: http://www.propertyshowrooms.com/spain/property/news/investors-chasing-andalucian-property_312560.html

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