The Spanish Costa del Sol was recorded 74% growth in sales in 2012. Despite the economic crisis, the number of real estate transactions throughout Spain for the last year has increased by 17%.
There are several reasons. First, the rate of VAT to the end of 2012 in Spain falls to 4%, and secondly, the government permits residence for customers who had invested in the economy of 160 000 euro, according to the company Taylor Wimpey España.
Thus, a consumer becomes confident in the Spanish real estate. Investors and people, who want to buy a house, gradually returning to the market re-sale property.