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/

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