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UNESCO has announced Mallorca’s mountainous region as a world heritage site in Paris. The mountain extends from the south west region of the Island to the North East. Serra de Tramuntana region in Mallorca has been designated as untouched region of the world. It will give the Spanish real estate high degree of appreciation.

UNESCO officials were engrossed in the beauty of Mallorca Island. The lovely mountains have been well carved by mankind. The freshness of the place will definitely appeal to many nature loving people. More and more people will feel the inclination to invest in such a wonderful place. The holidaying tourists will love the natural beauty and would love to spend some time in the peaceful environment.

According to the statement of the managing director of Spanish developer “Taylor Wimpey de España”, the world heritage announcement will fetch many more tourists to the place. Spanish real estate will undergo radical changes with more tourists getting attached to this culture oriented place of Serra de Tramuntana. The fascinating landscape will appall the nature lovers. The visiting tourists will slowly understand the richness of the regional culture and heritage. There are lots of things of interest in this particular place. The tourists will be involved in the new experience of Spanish culture. The friendly and welcoming atmosphere will astonish the visitors. They will show interest in buying homes in the serene neighborhood.

More information and photos can be found at http://www.aplaceinthesun.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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Searches for bank owned repossessions and distressed reached record levels in the first quarter of 2011 according to two leading sites, www.primelocation.com and www.propertyinspain.net

Managers at the two websites say that this activity is strong evidence that families and investors around Europe are aware of the property market in Spain and are looking for deals in the distressed market.

The website www.primelocation.com says that searches for Spanish property exceeded those for homes in France by 20% This is the opposite of the usual situation. Interest in Spanish property searches has increased by 43% whereas that of France increased by only 1%

The website www.propertyinspain.net has thousands of bank owned properties listed on its site. Hey say that the bargains on offer coupled with generous mortgage packages are tempting buyers back into the market.

The property manager of the website www.propertyinspain.net , Ben Walker said that they can nearly always match budget and financial requirements to produce a perfect deal for their clients. Many have booked Fly-to-Buy tickets when they contact the site but in some cases, the best bargains have already been snapped up.

An example of a bargain was the three bedroom riverside apartment on the Costa Blanca that sold for €18,600. Another was a finca with sea views in Mallorca which was offered for €1.7 million. Both sold within weeks of massive reductions to their prices being made.

www.primelocation.com international development manager, Ann Wright explained that there is no single explanation to the trend. She said that it is a combination of hard headed investors making decisions in a depressed market as well as changes in lifestyles and a small amount of politics.

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Two places in Spain are in the list of the 15 most expensive locations in Europe. They are Cabo Formentor in Mallorca and Passeig de Gracia in Barcelona.

This information is contained in a report recently published by Engel and Volkers which showed that Passeig de Gracia is the 14^th most costly place to set up home in Europe. The average price of a property in this region is €14,000 per square metre.

Following closely behind is Cabo Formentor, which is fifteenth. This bay area is at the extreme north end of the island of Mallorca. Prices here are €12,000 per square metre.

According to the report, France has the largest proportion of the top fifteen most expensive areas in Europe. Top of the French list is Saint Jean Cap Ferrat followed by Cannes in the south of the country. Two streets of Paris follow with the Champs Elysees leading the Avenue Montaingne.

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

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