# The sky’s the limit as residential construction levels rise in Spain
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2018-03-22
Category: LIFESTYLE
Category URL: https://financedigest.com/category/lifestyle
Meta Title: Spain's 27% increase in new home licences in 2017
Meta Description: Explore high-quality new homes by Taylor Wimpey España in Panorama Mar, Costa Blanca. Construction booming, licenses up 27% in 2017.
URL: https://financedigest.com/the-skys-the-limit-as-residential-construction-levels-rise-in-spainhtml

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- **Licences for new homes jumped 27% in 2017 vs 2016 (Ministry of Development)**
- **349 homes were delivered by Taylor Wimpey España last year**
- **Panorama Mar is one high-quality development under construction (Taylor Wimpey España)**

Spain’s construction [industry](https://www.financedigest.com/growth-of-construction-industry-is-creating-demand-for-screw-washer-market.html "Growth Of Construction Industry Is Creating Demand For Screw Washer Market") is stirring back to life as data reveals an increase in levels of construction.

According to data from the Ministry of Development, authorised licences to build new properties skyrocketed by 27% in the first nine [months of 2017 with the number of new build homes in Spain](https://www.financedigest.com/spains-12-month-inflation-slows-down-again-in-december-to-5-8.html "Spain’s 12-month inflation slows down again in December to 5.8%") amounting to 60,695 compared to the same period in 2016.

This increase in the [construction sector is another encouraging sign for the Spanish property market](https://www.financedigest.com/synthetic-quartz-market-sales-is-driven-by-increasing-growth-in-manufacturing-and-construction-sectors.html "Synthetic Quartz Market Sales Is Driven By Increasing Growth In Manufacturing And Construction Sectors"). Applications for apartment [blocks dominate the new build market](https://www.financedigest.com/innovation-to-be-a-building-block-of-the-automotive-glass-market.html "Innovation To Be A Building Block Of The Automotive Glass Market") being the direct result of the significant return of overseas buyers.

Leading Spanish home builder [Taylor Wimpey España](http://r20.rs6.net/tn.jsp?f=001ZWaW94rFX17hUCFUNmIhRhMDIopsusq2joCanU8uvc8Zn6evDNyUACOdnnQMEHryKKJVJFCDKdJxOqhEjKd1p_kYhK5voh8yJS08xYo1BciFslWwSxPdjhTu6lL9jSzDHE6l0zWcwEs43m8KRmSjVnQk1a8o-JkqRa0eLc5RDC-vLpm8SjG5PQ==&c=zrBG4mwM9OS4DvRMkSW2ARoOG32yaS01s5INQzK-tsP_kNq1kgOsZA==&ch=rSdcOteSCu796ERaoX8GBoYNNWQtS8EAUQGzkzFC93tKADbQCvyE-Q==), which is marking 60 years of Iberian success this year (1958 – 2018), is leading the way in new-build homes in Spain. In the face of any Brexit uncertainties, Taylor Wimpey España has continued to deliver beautifully designed homes, having completed 301 units last year (349 including [Joint Ventures)](https://www.financedigest.com/bp-solar-joint-venture-expanding-in-australia-with-two-new-projects.html "BP solar joint venture expanding in Australia with two new projects").

![fd220318-4](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/fd220318-4-1736842906153-compressed.jpg)

**“Residential construction is rising once more as demand from overseas buyers continues to strengthen the market.** [British buyers are once again leading the market’s revival and we plan to extend our portfolio this year with a variety of new developments perfect for those looking for high quality holiday homes in the most popular areas of Spain.”](https://www.financedigest.com/what-brexit-mean-for-british-buyers-in-spain.html "WHAT BREXIT MEAN FOR BRITISH BUYERS IN SPAIN")

**_Marc Pritchard, Sales and Marketing Director,_** [**_Taylor Wimpey España_**](http://r20.rs6.net/tn.jsp?f=001ZWaW94rFX17hUCFUNmIhRhMDIopsusq2joCanU8uvc8Zn6evDNyUACOdnnQMEHryKKJVJFCDKdJxOqhEjKd1p_kYhK5voh8yJS08xYo1BciFslWwSxPdjhTu6lL9jSzDHE6l0zWcwEs43m8KRmSjVnQk1a8o-JkqRa0eLc5RDC-vLpm8SjG5PQ==&c=zrBG4mwM9OS4DvRMkSW2ARoOG32yaS01s5INQzK-tsP_kNq1kgOsZA==&ch=rSdcOteSCu796ERaoX8GBoYNNWQtS8EAUQGzkzFC93tKADbQCvyE-Q==)

For 2018, Taylor Wimpey España [forecasts to deliver 400 homes to answer to the rising demand](https://www.financedigest.com/all-terrain-vehicle-market-demand-supply-growth-factors-latest-rising-trend-and-forecast-to-2027.html "All-Terrain Vehicle Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2027") for Spanish properties, with sales to British buyers accounting for 19% of all sales for the company last month.

The picturesque [Panorama Mar](http://r20.rs6.net/tn.jsp?f=001ZWaW94rFX17hUCFUNmIhRhMDIopsusq2joCanU8uvc8Zn6evDNyUAEHLEvQR_ZRQh5mxx388C1aImR21T5fPzGDBuVm7GeNiextBjuGIFyuQ7CEn7e6_AtI2J2B02A1Oxaasn4CUsEUzb0NH5X9s61N29OWz-46D723OBHIBYWGlNHs_DXhXIip61aPSUVlbE7atyNDYpzhjVfu4kn9S3U5hrMkoQ6iahLL1eKpVslJwq0L5xEsqFHja9ANJB1Ye&c=zrBG4mwM9OS4DvRMkSW2ARoOG32yaS01s5INQzK-tsP_kNq1kgOsZA==&ch=rSdcOteSCu796ERaoX8GBoYNNWQtS8EAUQGzkzFC93tKADbQCvyE-Q==) on the Costa Blanca is a prime example of the high-quality properties that are driving the residential construction boom. Just a few metres from the sparkling sea of Punta Prima, the stunning two and three-bedroom beach apartments offer lifestyle buyers everything they could wish for, with prices from just €279,000 + VAT. The development is expected to complete by November 2018.


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