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The Government scheme of reduction of VAT of 50 percent on purchase of new home was going to expire by the end of previous year. But their decision was to enhance it further to the end of 2012. VAT rate of 4 percent means one can save of 8,000 Euros on purchase of home costing 200,000 Euros.

Taylor Wimpey Espana who is the well-known player in Spanish real estate market has come up with a better announcement. Even they have extended their offer that was similar to Government’s 4 percent reduction in VAT till February end. This means one can buy good homes for no added VAT with which they can save 16,000 Euros on a purchase of 200,000 Euros home. This offer is valid for some units at Costa Blanca and Mallorca.

“2012 is favored to invest in property in Spain” exclaims the sales and marketing manager of Taylor Wimpey Espana – Marc Pritchard. With this the buyers can enjoy dual benefit of Government’s reduced VAT of 4 percent as well as the special offer of Vat free properties till February end.

Taylor Wimpey Espana is offering great property in Spain at descent localities of Costa Blanca, Costa del Sol and Mallorca for the people who are looking for Spanish property at better rates without costing on quality. This offer is live till 29^th February 2012.

More information and photos can be found at http://news.kyero.com/

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As per the Association of Builders and Developers of Malaga (ACP), from the stock of 25,000 brand new homes available only 10,000 or less than half were sold in 2011 by developers in the Malaga province which, is home to the Costa del Sol.

Houses available at lower prices have propelled their sales which created a dent in the housing starts for the past 3 years. It is mostly evident in popular tourist resorts like Marbella, indicating an alarming slowdown of the housing expansion.

Also the lengthy lead timeframes synonymous with the construction industry could serve with a severe paucity of new homes in the near future.

Inadequate supply will worsen the situation if, the demand for new homes picks up, roughly around 22,000 new homes, based on the population. Potential buyers are keeping a distant from this market due to fears of unemployment.

Almost 45 percent of the first-time buyers of the 200,000 population of unemployed in Malaga are young adults scouting for a home in order to start a family if, circumstances are favorable.

Most of this fiasco is to be blamed on the politicians quoted President of the ACP, Jose Prado. “During these years they haven’t done anything for earning fortune out of construction also did not practice any method for attracting investors towards property in Spain”.

More information and photos can be found at http://news.kyero.com/

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Spanish Costa del Sol has long been a favourite with European holiday-makers. Having one of the best climates in Spain, the Costa del Sol boasts a wide range of leisure time activities as well as cultural delights. In combination, these are the reasons for a large British expat community having settled here and it has largely been the driving force behind the real estate market at the Costa del Sol out-performing the rest of Spain.

Spanish economic woes have resulted in a fall in real estate prices by as much as 30 percent in this region, making the Costa del Sol once more the bargain hunting ground for foreign investors from Britain, Scandinavia and now also Russia.

Mr Ignacio Osle, sales director at “Taylor Wimpey de España”, said he is confident 2011 has been off to a good start, describing the 43 percent increase in foreign enquiries to his company’s offices at Benahavis at the Costa del Sol as “an encouraging sign”.

The Spanish government, meanwhile, released its own statistics on the increase of tourists flocking back to the Costa del Sol. This news should cheer up buy-to-let investors, whose rental returns should rise as a result. In the first quarter of 2011 Spain welcomed some 9 million holiday-makers, accounting for a 2.9 percent increase in tourism compared year-on-year.

More information and photos can be found at http://www.propertyshowrooms.com

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One of Spain’s top developers, Taylor Wimpey España, is offering not just substantial price reduction on some of their prime developments but are also matching the Spanish government’s cut on value added tax from 8% to 4% by marketing new-build properties with a zero rated TAX deal.

Trying to revive the failing Spanish economy with a number of measures, the Spanish government announced the reduction in IVA/VAT last week. Good news for developers who have a multitude of unsold, key-ready properties on their books. The new ruling stays in effect until the end of 2011 and a purchase of a key-ready home can be legally completed by then.

Leading not just with regard to the number of high-end developments built but also in imaginative ways of marketing them, Taylor Wimpey are the first among Spain’s developers to offer such advantageous deals. The developer will carry the cost of the 4% VAT levy for any purchase made by the official deadline from a choice of their developments.

In total, an investor who buys before the 31^st December 2011, can enjoy price reductions of an additional 8% on top of the already generous discounts being offered across Spain.

Some 20 properties located in Mallorca, Costa Blanca, Costa del Sol and various other regions of Spain are being made available for the zero rated TAX offer.

More information and photos can be found at http://www.propertyinspain.net

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Some Facts About Accommodations in Costa del Sol

The most southern Spain coast – Costa del Sol is often called the European California. “Costa del Sol” means “Sunny Beach” and that name is really proved because the sun doesn’t leave the coast for 300 days a year. Due to the mountain range that protects the island from the northern winds, the coast has a mild climate with little rainfall. It is not cold in winter and not so hot in summer here. That kind of climate can be easily called the best in Europe.

It has a wonderful combination of natural and climatic conditions similar to California that allow swimming in the sea and sunbathing in the morning and walking in the mountains in the afternoon. Sierra Nevada is the most southern ski resort in Europe.

Costa del Sol is the most “Spanish” part of Spain. It is the shore of Andalusia, the birthplace of corrida, torrero, flamenco, Spanish bright dresses, mantilla, Spanish guitars, Pablo Picasso and Antonio Banderas, Malaga wine and sherry and snacks, “TAPAS”, and many other things that we are usually associated with Spain.

Just some two hours away from the coast there are the main historical centers of Andalusia, known all over the world, sounding like a song: Seville (Sevilla), Granada (Granada) and Cordova (Cordoba), where, the harmonious combination of ancient architecture and modern business life show another non-resort Spain.

Accommodations in Costa del Sol are the most popular ones. Lots of rich and famous people of Europe and the Middle East have chosen this place for their Sunny Beach residences. Marbella and its suburbs seem to be like Los Angeles where the owners of its great number of luxurious villas, palaces and houses are Saudi King Fahd, Madonna, David Bowie, Julio Iglesias and others.

Nevertheless, Costa del Sol is affordable not only for the millionaires. According to the Andalusia tourism statistics, 54% of Spain visitors have their won holiday houses in Malaga province. They are mostly the middle class from the Nordic countries. The Spain entrance the European Union, the blessed climate and local residents friendliness contributed to the popularity of these places.

The advantages of the accommodations in Costa del Sol are really very attractive:
-  Reliable investment. Prices for property in this region have been steadily increasing, despite all the crises. It is clear that the Costa del Sol remains underestimated, and the region climate is undoubtedly much better than the French Riviera one. This;

- Vacations. To spend a vacation there, not staying at the hotel, is a real dream. Cozy home atmosphere and the magnificent scenery now can be afforded by every home owner.

- Rent. The accommodation can be easily rented if one only comes for summer there. Moreover the season (July – September), depending on the quality of real estate, make out from 500 to several thousand euros per week;

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New Development Marbella Real Estate Facts

The oldest and luxurious resort of Costa Del Sol is Marbella, known as a place of aristocracy, political and artistic elite from all over the world, that offers its tourists unique conditions for relaxation.

Marbella that is equally remote from the international airports of Gibraltar and Malaga has mild climate which provides 320 days a year of sunshine. With its contrasts of the azure sea and gray mountains, golden sandy beaches and green parks and alleys, the traditional Spanish colors and a modern cosmopolitan city, Marbella gets the main income from tourism.

Surrounded by luxurious gardens and parks elite hotels of Marbella are located in the area of fashion boutiques presented from the leading fashion world, art galleries, sports centers, swimming pools, private beaches and golf course and restaurants. Marbella is also oriented on the tourists with low income that can’t afford high rate hotels. There are some special students apartments where lots of people stay while travelling.

Wonderfully equipped beaches with three sport ports full of luxury yachts will give the tourists unforgettable impressions.  It is the place to let their adrenaline off and try different types of water entertainment: adventure diving and virtuosic windsurfing, an elegant sailing and walking by boats and catamarans, water-skis and bikes – everything is available to guests to improve their experience and help them to have a joyful time. Active people can also get the opportunity to play golf at night, do some fun riding in Marbella and visit Sunday corrida in Marbella.

New Development Marbella real estate news is a household word now. The entire region is under total development now, improving infrastructure and housing conditions. But before the development Marbella real estate price increase learn some necessary region property information.

1-room apartment in the centre (bedroom, kitchen, bathroom) – 135.000 euro.
Studia in elite Marbella place (living-room, kitchen) – 155.000 euro
Vip-apartment (2 bathrooms, 2 bedrooms, living-room, kitchen) – 318.000 euro.
House (4 bedrooms + 2 bathrooms, dinning room combined with living room, fireplace, kitchen, terrace) – 690.000 euro

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