Zenia Boulevard shopping mall has opened its doors to the public this morning, with more than 150 shops inside.
Located near the fantastic beaches of Orihuela Costa , many of them recognized Blue Flag and Quality Q, and surrounded by three outstanding golf courses, this retail giant welcomes leading brands such as Auchan, Leroy Merlin, Decathlon, Media Markt, Primark, Zara, Pull & Bear, Massimo Dutti, Stradivarius, Oysho, Bershka, Zara Home, and C & A, and more.
With an area of 170,000 m2 and no less than 5,000 parking spaces, half underground, Zenia Boulevard will certainly pose tough competition for the mall Habaneras of Torrevieja and San Pedro Dos Mares. The new leisure space offers 11,000 m2 dedicated to the restoration, counting some of the local sea views.
Less than 10 minutes from Torrevieja and 15 from San Javier Airport, the largest shopping and leisure center in the province of Alicante has created hundreds of direct and indirect jobs. Residents and tourists from all over the Costa Blanca can approach and enjoy this resort, built in a typical Mediterranean style.
From today, Zenia Boulevard offers the Costa Blanca and Costa Calida a wide variety of services, and a place for family entertainment where you can walk, eat, have fun, have a good time and of course, shopping.
For buyers purchasing a home between now and 31 December 2012, they will be eligible to deduct 50% of the capital gains tax for the profits generated by the future sale of that property.
The tax reduction is applicable to individuals and companies, including non-residents, provided that no family, contractual or business link exists.
Currently, individuals pay capital gains tax on the first €6,000, at 21%, then gains from 6,000 to 24,000 are taxed at 25%, and profit above 24,000 is taxed at 27%. For companies the tax is treated like any other income gain.
The new incentive by the government is trying to tempt property investors, buy to let landlords and second home buyers by slashing the tax in half.
The exemption applies not only to homes but also to commercial property, storage, garages and offices. Once sold, any property purchased from now until December 31 will benefit from the tax reduction, regardless of the year they are sold.
This measure further proves that there has never been a better time to buy in Spain.
The government has extended their "50% IVA" deal when buying a brand new home in Spain, for the entire course of 2012. This means that instead of paying the usual 8% IVA (the equivalent of VAT in UK) you now pay only 4%.
The deal was previously run during the last quarter of 2011 but obviously they thought this would be a good incentive to continue to keep the new property market rolling.
This only applies to brand new properties that have never gone through the completion process. There are still thousands of properties out there which are brand new but were completed on, either by the developer or the banks. This IVA reduction only applies to those properties that have never completed.
Property prices in the region of Murcia in Southern Spain are expected to rise in 2012 with the news of the New Paramount Theme park and lifestyle centre being built at Alhama de Murcia. Located just ten minutes drive from the new international Corvera Airport (currently under construction), Paramount Park Alhama de Murcia will be one of the largest entertainment centres in Europe, bringing an expected 3.5 million visitors in the first year.
Reported increases in Spanish property prices are being described as "an encouraging sign for investors" by one expert in the country's real estate sector.
Ignacio Osle, sales and marketing director of developer Taylor Wimpey de Espana, cited a recent study that revealed home values in locations such as Costa Blanca, Costa Calida, Alicante and Murcia are rising.