november-2011

INVESTMENTS
Spain’s Hot New Deals
The Spanish government recently announced
that it had slashed VAT on property by
50 per cent with the aim of reducing the
country’s unsold houses. Buyers have until
the end of the year to take advantage of
this policy change.
In addition, leading developer Taylor
Wimpey de España declared that it would
match the reduction on new homes, so that
prospective buyers can buy them VAT free
until the New Year. This means new homes,
complete with electrical appliances and
construction guarantees, will cost the same
as ones that have been previously lived in.
Ignacio Osle, sales and marketing
manager of Taylor Wimpey de España, says:
72JetAway
Property News
This issue: Spanish super-savers and German
gems for in-the-know buyers abroad
“Now is the perfect time to invest in a new
home in Spain. The reduction in IVA (the
Spanish equivalent of VAT) means that
British buyers can make hefty savings
without compromising on quality.”
Examples of Taylor Wimpey de España’s
property portfolio include:
El Puerto II, Cala d’Or, Majorca
These two-bedroom apartments are located
on the south-east coast of the island, close
to the glamorous Marina de Cala d’Or. The
development contains three communal
swimming pools and there are facilities for
water sports, cycling and golf in the local
area. They are available fully furnished
from £155,000.
Digging Into Düsseldorf
For the first time since the financial crisis,
Germany’s property market is experiencing
a boom. Düsseldorf, for example, has a large
rental population and purchase prices are
some of the lowest in Europe, making it an
attractive destination for those interested in
property investment overseas.
Calpesol, Calpe, Costa Blanca
This residential complex consists of
three-bedroom terraced houses with gardens
and communal swimming pools. With the VAT
reduction they cost just £140,000.
La Floresta de la Mairena, Elvira, Costa del Sol
This development has two communal
swimming pools, plus landscaped gardens
and private parking. The two-bedroom
apartments are 141 square metres and
the three-bedroom penthouses measure
239 square metres. Finishing includes
Italian-designed kitchens with Silestone
worktops, thermal and acoustic insulation,
and air conditioning. Prices start from
£175,000.
“The German economy is currently
stronger than ever,” says property
consultant James Kirkman of UK-based
ProVenture, a company which advises
people hoping to buy homes in Germany.
“Its GDP is higher than it’s been since
reunification, so it’s a really good place
for investors to look at.”
WORDS ANNIE DARLING