Swedish property buyers have become the target of a new property sales drive on Spain’s Costa del Sol after a conference headed up by Malaga real estate representatives in Stockholm earlier this month decided they would push to sell 40,000 properties to the Swedish market.
Tourism director Elias Bendodo and tourist board manager Arturo Bernal liaised with Swedish promoters at the Living Costa del Sol conference in Stockholm drawing up a new deal to encourage Swedish, Norwegian, Finnish and Danish property buyers to purchase holiday or second homes on the Costa del Sol.
On the other hand, plans were recently unveiled by health chiefs to turn the Andalucian city of Malaga into a prominent destination for global healthcare by drawing patients to clinics and hospitals where some of the best surgeons reside.
With Malaga province's tourism industry in mind, data from the National Statistics Institute show that Marbella is leading the way in foreign tourism on the Costa del Sol with the city council explaining that during August 2012 the number of overnight stays by foreigners increased by 27%.
As an added incentive the VAT on new properties in Spain is 4% until the end of this year when it will then go up to 10%.