Can't Get On The UK Ladder - Why Not Look To Spain?

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It's always been difficult for first time buyers to get onto the property ladder, without the added obstacles that have been thrown in the way as a result of the current housing market. So is now the time to give the UK a miss and set your sights on warmer climes?

Unlike the newer emerging markets Spain is established and Brits have been buying property there for years, so providing you do your research you'll have a good idea of what you're getting in terms of product and location. If you look at Spain as a long term investment it will take some beating.

Taylor Woodrow de España certainly thinks so. Despite receiving more than its fair share of knocks and criticism in the media recently, Spain still remains a firm favourite amongst Brits. Whether it be an alternative for first time buyers, relocation for warmer climates or an investment property in Spain. And whilst the days of immense growth are long gone, it has a lot more going for it than many other overseas destinations.

Victor Sagué, sales and marketing director, said: "It's certainly true that Spain has lost a little of its shine and can't compete in terms of price against some of the emerging markets. However, you need to remember that what made Spain so great in the first place remains the same. Its fantastic year round climate, short travel time from the UK, excellent infrastructure and health care are just some of elements that keep Spain at the top of the charts.

"Although it's never been the cheapest overseas destination for property we have significantly reduced our prices with some homes now priced at just over £100,000. This makes the prospect of first time buyers getting onto the ladder in Spain a real possibility.

"Unlike the newer emerging markets Spain is established and Brits have been buying property there for years, so providing you do your research you'll have a good idea of what you're getting in terms of product and location. If you look at Spain as a long term investment it will take some beating."

First time buyers choosing to side step the challenging UK market should consider looking at property in Mallorca, a destination that seems to be holding its own in these times of turbulence. So much so that Taylor Woodrow reports a 20% growth on the number of visitors to its developments in Mallorca as opposed to last year.

Those looking for a quality investment with a little glitz and glamour should visit El Puerto II, a collection of two bedroom contemporary apartments priced from just £148,000, set on the south east of the island of Mallorca, very close to the chic Marina de Cala D'Or. Residents will be able to enjoy three communal swimming pools at the development and the array of fantastic bars, boutiques and restaurants at the Marina.

Victor adds: "It really is worth considering investing in Mallorca, especially when you don't get much change out of £200,000 for a decent apartment in one of the UK's major cities. El Puerto II would make a fantastic holiday home or investment opportunity for someone looking to put their hard earned cash into a property with potential.

"The island is renowned for its exclusivity and is a firm favourite amongst major celebrities. It hasn't suffered from an over-supply of speculative builds like mainland Spain and therefore demand, especially for good quality apartments, will continue to be strong. This coupled with the lack of good plots and government restrictions on licences, points toward prices for high quality property in sought after areas continuing to rise."

So if you while away the dreary UK days dreaming about escaping the doom and gloom of the UK and can imagine yourself finishing a hard day at work with a relaxing stroll across the beach and a glass of chilled Rioja then buying a home in Spain could be for you.

Taylor Woodrow de España has been building homes in Spain for 50 years and during this time has built up a strong reputation as a quality company that can be trusted. Buyers of a Taylor Woodrow home can be safe in the knowledge that everything about their property is structurally sound and legally above board. An experienced sales team is on hand to guide all purchasers through the process of buying a new home in Spain, both before, during and after the sale is complete.

For further information contact the sales team on 08000 121020 or visit http://www.taylorwoodrow.es

Taylor Woodrow España is a wholly owned subsidiary of Taylor Wimpey plc, a homebuilding company with operations in the UK, North America, Spain and Gibraltar. It aims to be the homebuilder of choice for customers, employees, shareholders and for the communities in which it operates.
On 3rd July 2007, Taylor Woodrow plc and George Wimpey Plc completed their merger to form Taylor Wimpey plc, the UK's largest homebuilder.

For further information please visit the company's website - http://www.taylorwoodrow.es

For further press information and photography, please contact:
Rosie Gurnett
Haslimann Taylor PR
Tel: 0121 355 3446
rosie @ haslimanntaylor.com

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Andy Moorhead
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