Archive for the ‘Bargain Property Overseas’ Category

Spanish Developers Push 4% VAT Boost

Tuesday, November 8th, 2011
Villa in Benahavis

This 7 bedroom villa in Benahavis has recently been reduced in price.

Spanish property developers have taken the government’s intended boost to their sector as welcome encouragement to the market. Many are heavily promoting the reduction in VAT – from 8% to just 4% on new properties – which is in place until the end of the year. On a property of 1m euros, this represents a saving of 40,ooo euros – certainly an incentive for what has proven to be a slow year in the new property market.

However, whilst many people dream of owning their new apartment on the Costa del Sol or a frontline golf property on one of Spain’s internationally acclaimed golf courses, it is not always the new properties which can represent the best value, and whilst the reduction in VAT must be considered, there are some very competitively priced resale properties which are being sold below their true value. International financial pressures have led to some owners  – and developers for that matter – to take along hard look at their pricing, and anyone looking to purchase property in Spain would be well advised to seize the moment.

At Livingstone Estates we currently have a number of exceptional properties being offered at prices which are considered to be be well below their true market value. Property investment is still one of the more stable and profitable investments available, especially over the longer term. and with the uncertainty across the world’s stock markets, bricks and mortar once again come to the fore.

 

Posted in Bargain Property Overseas, Costa del Sol, Investment Property in Spain, New Developments in Spain, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Reduced Property | No Comments »

Spain Halves VAT on New Properties

Monday, September 5th, 2011
New Development on the Costa del Sol

New Developments in Spain benefit from halving of VAT rates

In a recent move designed to give a boost to the Spanish property market, the  government has announced the halving of VAT on new development property from 8% to 4% until the end of the year. Whilst this only applies to new property, it is hoped that the measure will stimulate activity in what has been a slow year for the sector.

The savings can be substantial. On a property of 1m euros, the 4% difference represents 40,000 euros – which would furnish a new property nicely. So which properties are eligible?

Basically, all properties bought directly from the developer, with the purchaser being the first owner of the property. And, of course, those qualifying properties must be bought before the 31st December 2011 – so the window is fairly narrow.

At present new development property on the Costa del Sol is plentiful. There are developments on golf courses and frontline beach developments that have completed units for sale at very competitive prices. Many developers have reduced their prices over the past year and here at Livingstone Estates we have some exceptionally attractive offers on several new build properties. If, alongside these highly competitive prices, we add the further enticement of a 50% reduction in the VAT to be paid, the proposition becomes yet more appealing.

Visit our main website for details of new development property, or ask our sales team for further information.

Posted in Bargain Property Overseas, Costa del Sol, Investment Property in Spain, New Developments in Spain, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Reduced Property, Spain Economy | 1 Comment »

The British Return to its Favourite Destination – Spain

Friday, April 16th, 2010

Spain’s costas are once again hot property for Britain’s second home buyers, according to a recent article in The Times. All indicators point to a resurgence of British property buyers on Spain’s coasts.

Prices at their lowest ever level combined with one of the worst winters on record in the UK have led to renewed interest from families looking to escape the grey. And the relatively low sterling-euro exchange rate appears not to be a deterrent.

The report is confirmed by experts in the industry both in the UK and in Spain. Spanish property was the most popular search on Primelocation.com between February 2009 and 2010, accounting for 32% of total overseas property searches. Rightmove overseas recorded an overall rise of 60% in overseas property searches when compared with March last year.

Many Brits are returning to buy property in Spain for lifestyle reasons. It is an additional incentive that prices are now affordable with reduced property at a level where the purchase can also be for investment over the longer term.

And it is no surprise the British are returning. Southern Spain was rated in the Top 10 places to live abroad by Knight Frank Estate Agents. A recent article in the Daily Telegraph explored the best places to live in the world, with Southern Spain featuring high in the list.

According to a recent article by the OPP, Marbella has seen a resurge of foreign lifestyle buyers. “Total property sales in the city have risen to their highest level in four years, research from the tax office shows”.

Source: The Times, Daily Telegraph, OPP

Tags: , , , , , , , , ,
Posted in Bargain Property Overseas, Costa del Sol, Investment Property in Spain, Investors in Spain, Malaga, Marbella, Property in Spain, Property on the Costa del Sol, Reduced Property, Selling Property in Spain, Spain, Uncategorized | 1 Comment »

Recently Completed New Development in Guadalmina Baja, Spain

Thursday, January 21st, 2010

We have recently added a newly completed development to our key ready new developments in Spain portfolio. Based in Guadalmina Baja, Southern Spain, this excellent development really offers some spectacular properties within walking distance to the beaches of the Mediterranean. It is also next to the Campo de Golf Guadalmina and within close proximity to San Pedro, Puerto Banus and Marbella. All the local amenities one could ask for on the Costa del Sol.

The design of this development has many Arabic influences, which at night lit up creates a magical atmosphere in the electric blue night sky of the Med. Charming walkways with fountains and green Mediterranean plants lead through to the manicured gardens with a sensational Moroccan design swimming pool surrounded by lawn and palm trees.

This beachside development in Guadalmina comprises 49 units of 2 and 3 bedroom apartments as well as some rather spectacular 3 and 4 bedroom penthouses, each of which comes with its own plunge swimming pool and breathtaking views over the surrounding countryside out to the sea.

The apartments are of a very high quality and comparable to some of the most sought after developments currently on the coast. The penthouses offer some really special features such as a private lift directly into your home and attic style living room roof with wood beams.

Standard with each apartment are the always important underground parking and storage rooms. Lifts provide access from the garage to all floors. Kitchens and bathrooms are fully equipped with a pleasant contemporary style. It is also a secure development with security at the main entrance and CCTV throughout.

The prices are highly competitive for a brand new development with all mod cons. The best penthouse units with both sea and mountain views are under €1 million. These prices compare very well with other developments of similar quality that are perhaps a year or 2 old.

If you’re looking for a property in the heart of the Golf valley, beachside and close to all the major locations on this part of the coast, this is definitely one to consider.

You can see more details about this beachside development in Guadalmina Baja here.

Tags: , , , , , , , , , , , , ,
Posted in Bargain Property Overseas, Business Investment Opportunities, Costa del Sol, Golf in Spain, Golf Property, Investment Property in Spain, Marbella, New Developments in Spain, New Developments on Costa del Sol, Property in Spain, Property on the Costa del Sol, Rentals on the Costa del Sol, Spain | No Comments »

Farewell 2009, Welcome 2010!

Tuesday, January 5th, 2010

As the festive season comes to an end and a new year begins, on behalf of everyone at Livingstone Estates, we would like to wish all of you and your loved ones a very prosperous 2010.

2009 has seen turbulent times across the globe, but as we start a new year there is an air of optimism for the coming year. In the last month of 2009 alone we saw some impressive opportunities come onto the Costa del Sol property market, with some of the biggest reductions seen to date. 2010 will certainly be a year in which to buy that bargain property.

The beginning of a new year is always a time for planning the year ahead. Make sure you don’t miss out on some of the great savings to be made buying property on the Costa del Sol.  To see our full portfolio of reduced property in spain click here.

For those investors planning to extend their property portfolio, we have some great business, investment and rental opportunities here.

Whatever your plans may be for 2010, we wish you all the best and are here to help those looking to buy their dream property at a dream price.

For more information about property on the Costa del Sol, contact us by phone on +34 952 806 417 or +34 902 424 484 or email us at info@livingstone-estates.com

Tags: , , , , , , ,
Posted in Bargain Property Overseas, Business Investment Opportunities, Investment Property in Spain, Investors in Spain, Property in Spain, Property on the Costa del Sol, Reduced Property, Rentals on the Costa del Sol, Spain | No Comments »