With the beautiful weather and miles of beaches, every day is a good day to buy a property on the Costa Del Sol. But, if you are on the fence and wondering if now is a good time to start hunting amongst all the properties for sale on the Costa Del Sol, then the answer is yes.
The Andalucian Government have established reduced taxes for buying a property until December 31st 2021. This has been done to motivate buyers to invest in property in Andalucia and reactivate the economy in the area.
The reduced taxes are as follows:
- Transfer tax: Reduced from the progressive 8-10% to a flat rate of 7%
- Stamp duty: Reduced from 1,5% to 1,2%
The transfer tax is paid by anyone who buys a property while the stamp duty affects new developments and mortgages ( in Spain).
So are you thinking of buying a property on the Costa Del Sol, contact Beach Life Estate today. We work for you as the buyer and will browse through all townhouses, villas and apartments for sale on the Costa Del Sol. Our search is always based on your criteria for your dream property in Marbella, Elviria, Estepona or wherever you want to be along this beautiful coast.