Spain impressive increase in property sales figures

Spain fights back with impressive increase in foreign tourist spend and property sales this year according to figures

Figures provided by tourism expenditure survey Egatur prepared by the Ministry of Industry, Energy and Tourism has revealed that spending by international tourists in Spain in the first eight months of 2012 reached 38 million euros, representing a 6.2% increase over the same period in 2011.

 

 

The results from Egatur show that average daily spending by foreign tourists increased by 7% to €107, with British tourists dipping into the wallets the most, spending 7.7 million euros, an increase of 6.7% over the first eight months in 2011. German tourists followed behind, spending just over 6 million euros, a 3.1% increase.

Looking back at figures for August 2012, Egatur's results highlight that when it comes to location, the Balearics took the top spot, recording an 8.2% increase in spending over the same period last year, reaching just over 2 million euros and overtaking Catalonia.

Marc Pritchard, Sales and Marketing Manager at Taylor Wimpey España comments,

"It's no surprise that foreign spending has increased in Spain this year particularly among British tourists who have been bagging more for their buck considering the strength on the pound over the euro.

"And it's not just tourism spend that is on the up. We at Taylor Wimpey España have seen an 11% increase in September sales over the same month in 2011 while on the Costa Blanca for example, we've experienced a 76% in property sales this year compared to last."

While there is no escaping the air of negativity surrounding Spain at the moment, the nation is still considered one of the best places to holiday with the Balearics often topping the list. And it's about to get even easier for anyone wanting to visit during the winter months with British Airways, easyJet and Monarch expanding their winter schedules to Mallorca for 2012/13.

Pritchard further explains,

"In the face of economic doom and gloom and cold winter month's people want to get away and providing more flight options is a great way to satisfy growing demand. Indeed, with more tourist arrivals to Mallorca this winter the property market could be set for a boost - the reduced 4% VAT rate before the end of 2012 is surely an incentive alone."

For property hunters looking for high quality affordable property, Taylor Wimpey España has some excellent properties on offer in Mallorca at only 4% VAT until the end 2012.

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