News and Updates from La Heredia Estates

Incentive to Buy New Built Property

Posted on Monday, August 22, 2011 11:51

In an interesting development today, 19th August 2011, the Spanish Government's Development Minister, José Blanco announced that the Spanish government has halved the purchase tax in Spain for newly built Spanish properties.The prevailing rate ofpurchase tax in Spain for new buildshas been8% but thishas now been dropped to 4%.

 

This temporary reduction in tax will run until the end of 2011 and will stimulate sales on new property and boost the Spanish economy.

 

Meanwhile, purchase tax in Spain for re-sale properties in Spain will remain at 7%

 

La Heredia Estates has a number of newly built properties available on various urbanisations on the Costa del Sol as well as the last remaining properties in El Castillo de La Heredia, the last phase of the ever popular La Heredia Urbanisation. These properties are offered at a substantial discount from the original launch prices. Call us for details on 00 34 952 780 966 or our UK telephone line 0141 404 6319.