It was confirmed on the 31st of December 2011 under the Royal Decree – Law 20/2011 that the reduced VAT rate of 4% introduced in 2011 will remain applicable for all new build properties only in Spain throughout 2012.
In an ongoing effort to reduce the volume of stock property in Spain and stimulate the construction sector, the Spanish Government has set IVA (the equivalent of VAT) at 50% until the end of 2012, making purchasers of both first (mostly Spanish nationals) and second new homes liable for only 4% of the purchase price, a saving of €8,000 on a €200,000 home.
But those who purchase a new build property on the stunning Balearic island of Mallorca or Costa Blanca through leading house builder Taylor Wimpey Spain before 29th February 2012 can enjoy an extra 4% off the purchase price, in effect making the property VAT free. Offer on stock properties (limited units).
Marc Pritchard, Sales and Marketing Manager of Taylor Wimpey España explains,
“2012 is set to be the year to invest in Spanish property. Not only will buyers be feeling the benefits of the government reduced IVA (VAT) rate of 4% but they can take advantage of special offers such as our VAT free properties available until the end of February.”
For Spanish property hunters looking to make hefty savings without compromising on quality, Taylor Wimpey España are offering superb Spanish properties located in the popular areas of the Costa del Sol, Costa Blanca and the Balearic island of Mallorca, VAT free until the 29thFebruary 2012.
El Puerto II, Cala D’Or, Mallorca
Located on the south east coast of Mallorca, very close to the glamorous Marina de Cala D’OrEl Puerto II consists of 2 bedroom apartments costing from just €195,000 + NO VAT until 29thFebruary 2012.
With communal swimming pools available these properties are surrounded by outstanding natural beauty offering various other activities such as water sports, biking and golf in the local area.
Pollentia Mar, Puerto Pollença, Mallorca
Located in the seaside town of Puerto Pollença, Pollentia Mar is a two bedroom apartmentcomplex,just 50 meters from the beachand Pollensa’s famous Voramar promenade with the last unit fully furnished and VAT free.
The development is a single block of apartments with a communal area and swimming pool. It also has private parking spaces in the basement and four lifts with prices starting at €275,500 + NO VAT until 29th February 2012.
The Calpesol residential complex in Calpe, Costa Blanca perfectly matches buyer’s needs.Comprised of stunning houses with gardens, this development affords communal swimming pools and three bedroom and two bathroom properties with roofed sun terrace and private parking costing from just €165,000 + NO VAT until 29th February 2012.
Brisas de Alenda, Alicante, Costa Blanca
This private complex of beautiful 3 bedroom townhouses of Las Brisas de Alenda is located in the peaceful and quiet area adjacent to theAlenda Golf Course while the wonderful beaches of the Costa Blanca are just a 15 minute away.
The townhouses come with fully-furnished kitchens, equipped with a vitro-ceramic hob, extractor hood and oven as well as air-conditioning with heat pump, and fitted out wardrobes. All homes are set over two floors with spacious terraces, gardens and two bathrooms.
The Brisas de Alenda Golf complex has generous private gardens, a communal swimming pool and a club house as well as a gym, bar and restaurant costing from just €189,000 + NO VAT until 29th February 2012.
For more information please contact Taylor Wimpey España today on 08000 121 020 or visitwww.taylorwimpeyspain.com for more information. If you reside outside of the UK you will need to call 00 34 971 706 244.
