Buyers of Spanish property urged to ‘haggle’
Recent data released from Spanish developer Taylor Wimpey de Espana revealed that Brits make up 32% of those investing in Spanish property. And there has been an 8% rise in those investing this year.
New measures from the Spanish government slashing the IVA (equivalent to VAT) on all new build properties from 8% to 4% have reduced the price of Spanish property significantly, and many companies and also offering significant discounts to entice overseas buyers, having been left with a glut of properties for sale and a flagging domestic market.