National debt isn’t always bad news for the overseas homes market

Taylor Wimpey sold out six new developments priced from £113,500 on the Costa del Sol, Costa Blanca and Mallorca. Tax concessions by the Spanish government to stimulate the market — lowering VAT to four per cent and reductions on capital gains tax — certainly helped, but wise buyers knew it was still all about value for money and locations, says Marc Pritchard, of Taylor Wimpey.Via www.homesandproperty.co.uk