Spanish experts say that soon the real estate prices in the resort of Marbella on the rise compared to 2011. The expected increase in VAT on new buildings will range from 4 to 10% and the market situation will improve, according Aplaceinthesun.com. At the moment, on the Costa del Sol, property prices are reduced by several construction companies that try to sell their facilities. While the real estate development company, which is building a luxury golf resort near Marbella, promises to increase property prices by 8% from 1 January 2013 year. According to the Director of Spanish Hot Properties Nick Stuart, is that the prices of 25 of the 267 units of this project is 40% lower than the maximum statutory rate. He also promises the emergence of other interesting offers on the market, and therefore calls on the British investors to follow the example of the majority of Europeans and their investments in real estate on the Spanish resort. The main buyers in the Marbella are now the Belgians, Dutch, Russian, and Scandinavians, who have bought real estate at low prices. One-bedroom apartments at the resort are sold for 250 000 euros, while at the peak of prosperity of the national economy were estimated at half a million. In 2012, 60-70% of purchases were made by foreign investors, while they accounted for only 19% in 2011. "From 2010 to 2011 purchases by Russians rose by 28%, and by the Chinese by 7%. Therefore, it is not surprising that Spain plans to offer investors a residence permit, non-EU countries, in exchange for the purchase of a home, "concludes Nick Stewart. HomesOverseas.ru
In the Spanish Marbella property prices rise
23.11.2012
Homesoverseas.ru editorial office
23
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