Spain’s leading property developer Taylor Wimpey España are offering VAT of 4 % on properties in a number of fantastic locations throughout Spain, allowing buyers to qualify for half future Capital Gains Tax until the end of 2012.
The growing strength of the pound against the euro and low interest rates are making holiday homes attractively affordable to Brits.
Marc Pritchard, Sales and Marketing Manager at Taylor Wimpey España has revealed that 53 per cent of the company’s property sales last month were made to UK clients, the most sales made in a month to buyers from the UK since September of 2011. He went on to explain that British investors are making the most of the current market situation in Spain.
He commented,
“It is not surprising for Spain to see the increase in foreign spending, and especially this year, as the country’s tourism sector is experiencing an influx of vacationers. These tourists are known to visit Spain mainly to improve their knowledge of the nation’s property market before deciding to invest in it.”
Further stating,
“The decline in real estate prices in some of the serene areas of the country has seen an influx of interest from foreign investors as more and more people believe that this is the best time to purchase a holiday home in Spain, and that too for incredibly cheap prices.”
