British demand for Spanish property jumps 22%

New figures from leading Spanish homebuilder Taylor Wimpey España have revealed a 22% jump in reservations by British buyers (Q1 2024, year to date). British buyers show a clear preference for homes in the Costa del Sol, with the majority purchasing a Spanish home when aged between 45 and 59 years old. The Q1 2024 data also show that British buyers have a particularly strong appetite for apartments, rather than townhouses.

“We’ve had a notably strong start to the year in terms of British buyer numbers. Britons are now third in the ranking of nationalities reserving the most properties with us, with homes in Malaga and elsewhere in the Costa del Sol proving to be especially popular. This is consistent with long-term trends. We have been selling homes in Spain to British (and other) buyers for more than 65 years and the sunshine, affordability, golf and beaches of the Costa del Sol have been a winning combination for decades.”

Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España

One location that has struck a chord with British buyers is Istán in Malaga. Home to stunning scenery, the area is popular with those who want to immerse themselves in the beauty of nature while staying active and healthy. The local area is crisscrossed with mountain biking and hiking trails, while the nearby lakes provide plenty of opportunities for swimming, sailing and other water sports.

Istán is also bursting with cultural charm. Quaint cafes and historic buildings line its narrow streets, while vibrant markets provide an excellent opportunity to be part of everyday life and connect with the warm and hospitable local community.

While Istán easily wins over homebuyers’ hearts, it also appeals to those buying with their heads. The popularity of the local area among both tourists and expats means Istán presents a lucrative investment opportunity as well as a luxurious lifestyle.

Property buyers can find what they are seeking at Taylor Wimpey España’s Almazara Residences, which combines a breath-taking Istán location with the chance to invest in a range of property types. All homes are located in the heart of Sierra de las Nieves, at the foot of La Concha and close to the Sierra Blanca Country Club resort.

At Almazara Hills, the last few penthouses are currently available, priced from €475,000 plus VAT. The three-bedroom, two-bathroom properties come with large terraces to make the most of the Spanish sunshine. The first homes will be available to move into from May 2024.

For buyers seeking outstanding views, the townhouses at Almazara Views are ideal. Priced from €548,000 plus VAT, the three-bedroom, three-bathroom homes face southwest towards the bay of Marbella and Gibraltar.

The latest phase of homes at the development is Almazara Forest. The waiting list for these apartments is now open, for buyers wanting their own piece of the serenity and tranquillity that life in Istán provides.

“Almazara Residences provides a range of property types and prices, with something to suit every buyer. All of the homes have been meticulously crafted, boasting contemporary designs and high-end amenities that mean each residence blends sophistication with comfort. Perfect for luxurious holidays or year-round living in this incredible natural setting.”

Marc Pritchard, Sales and Marketing Director, Taylor Wimpey España