Many apartments and houses are empty on Solkusten. In order to stimulate home purchases, the Spanish government has decided that the VAT on home purchases (newly built homes) will be reduced from eight percent to four percent. This reduction applies until the end of the year.

This is another good sign that the time has come to invest in a home on the Sunshine Coast. This does not mean that new development necessarily has the best investment value, despite the reduced VAT. There are many factors that should be considered in the assessment.

Some argue that this could lead to further price cuts (albeit marginal), while others argue that there has been an uptick in sales after all, and that a "ketchup effect" may well be at the door. In any case, some impatient home owners are in a state of negotiation.

Another sign that in some cases there is a good negotiation situation is that you are in the middle of a generational change. Many elderly people who have lived on the coast for a long time want to move to smaller accommodation, or back to the country of their birth, and do not have the patience to wait for prices to rise again. But don't expect that the already lowered prices can be lowered much more.

The main reason why so many homes on the Costa del Sol are empty is that it is difficult to get loans from the Spanish banks, which have become cautious in connection with the crisis. However, we have good banking contacts that can offer up to 60 percent financing. However, this of course requires a stable economy on the part of the borrower.

In fact, this is an ideal time to strike with a property purchase in Spain, second-hand or new development , in general and on the Costa del Sol in particular. Unfortunately, however, only (as usual) shrewd investors see their chance and pounce while prices are still low. Much like how it works on the stock market. Ordinary people hold onto their wallets when times are bad, and invest when prices rise again. However, the sharks hunt small prey before they have grown too large to swallow whole…

It echoes most emptyly in the homes between Marbella and Estepona , where prices have also fallen the most. However, this area has a slightly more uncertain future value compared to, for example, Nerja.

There is no doubt that, with or without a prolonged crisis in Spain, the Costa del Sol will continue to be a hub for Europeans who want to move to warmer latitudes. Incidentally, the Spanish crisis is not nearly as prominent in the Spanish media, and in the consciousness of the Spanish people, as it is in Sweden. Our media is filled daily with war headlines about impending depressions. In Spain, people are not quite as anxious and have a greater sense of history, and how it always, without exception, works itself out in the end. Or as Dickens put it: "This too shall pass". Until then, they enjoy their sun, good food and the Mediterranean Sea.

Write to info@spanskafastigheter.se if you want to know more about the situation in the housing market on the Costa del Sol and how you can invest according to your needs and conditions.