Spain is back in business as alarm status ends and restrictions ease
As one of the world’s most visited countries, Spain relies heavily on its tourism sector to keep the economy ticking over. Like many sun-kissed hotspots, it was hit hard by the pandemic. But hopes are now high for the summer season, as the end of Spain’s ‘alarm status’ on 9 May signals a return to something akin to normal.
“The ending of the alarm status in Spain means a reduction in travel restrictions and an easing of the rules imposed on hospitality venues such as restaurants. People can go out at night again and generally enjoy a quality of life that is much closer to the pre-pandemic days than we have seen here in quite some time.”
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España
Kyero.com reports that sales to international buyers account for 13.97% of all property transactions in Spain (as at Q4 2020). The figure tends to be significantly higher in coastal areas. In the Balearic Islands, that figure stands at 32.89%, while in Malaga province it is 32.23%. In Alicante, foreign buyers made up 40.73% of all transactions.
Leading Spanish home builder Taylor Wimpey España has been serving international buyers in Spain for over 60 years. The company sees the ending of the alarm status as a major step forward in terms of supporting buyer confidence.
Taylor Wimpey España has continued to build throughout the pandemic. One of the company’s most recent launches is Port Blau in Mallorca. Consisting of 10 three-bedroom apartments with spacious private terraces, the development provides a communal pool and pretty gardens for residents to enjoy. Port Blau also delivers direct sea access, while the southeast orientation means buyers can enjoy plenty of sunshine. Prices start at €425,000 plus VAT.