The change in taxation in Spain will increase the interest in the primary market

In Valencia and Catalonia in August this year increased rates for transfer tax when buying a resale property (ITP) from 8% to 10%, according to the online source PropertyShowRooms . According to experts, such changes intensify sales in the primary real estate market of these regions. Before raising the tax on transfer of ownership of second homes about 40% of requests were in the primary real estate. Now experts expect a shift in demand towards new buildings. According to experts of the local housing market in the first quarter of 2013, almost half of all real estate transactions was made by foreigners. According to the Spanish portal Kyero, the Costa Blanca is one of the most popular destinations for investors. 31% of all requests accounted for the province of Alicante, followed in popularity is Malaga, Valencia and Murcia. Basically, potential buyers are considering items priced at 50 000 - € 150 000, more than 55% of them want in the house had a swimming pool. HomesOverseas.ru