November 8, 2005
Prices boost for SIPPs property in Spain
The Spanish Government plans to make it easier for UK pension property buyers to purchase for less and pave the way for increased investment in the Brits’ favorite sunbelt destination.
Officials and ministers are aware of the changes occurring in the UK in the succeeding year. Self-invested personal pensions (SIPPs) will encourage the British to use pension savings in investing in land and property abroad. The government is anxious to keep prices down and competitive with the less developed yet emerging markets.
A new law that could be introduced in the near future aims to boost investment in second homes. Spain has 300,000 families and investors who own properties, are registered voters and 700,000 people believed to own holiday homes.
Posted on: Spain
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