Many people see building a house from scratch or buying a brand-new property as something reserved for the rich and famous. But what if it didn’t have to be that way? What if we said that you could find an affordable new home in a chic area with easygoing residents, fresh food, and sunny weather?
You’d think we were crazy, right?
Costa del Sol is a dream come true. Lower property costs mean that you can live in the house you’ve always wanted. Go ahead and splurge! There’s never been a finer time to invest in properties in Costa del Sol. We’ll dive into why that is below.
Abolishing The Wealth Tax In Andalucia
Spain recently announced the end of the wealth tax starting in the 2023 tax year. Without delving too deeply into that decision, the upshot is to make residency in the region more appealing to people. The wealth tax specifically targeted residents looking to acquire luxury homes and new developments.
Called impuesto sobre el patrimonio in Spanish, taxpayers will soon receive a complete exemption to the wealth tax, meaning that no one will be obligated to pay it once this goes into effect beginning in the 2023 tax year. Spain is encouraging people from around the world to come to bask in their beautiful Andalucia region.
Even before terminating the wealth tax, the cost of living in Southern Spain is much lower than in most of Northern Europe. You’ll be excited to find out how much more you can get for your money here! Opulent houses, designer clothes and accessories, and fantastic food are all available and surprisingly affordable.
Cosmopolitan Living
Don’t let the costs fool you; Costa del Sol is a very desirable area to live in. Between the vibrant Andalusian culture of its residents, the relaxed atmosphere, the hot summers and warm winters, the delicious tapas, and exciting festivals, there’s something for everyone.
You may be on the beach, but you’re not far from civilization. The primary road, A7, goes throughout the entire southern coast, so it’s a breeze to travel if you can manage to tear yourself away. Malaga, the central city, is only a 20-minute bus ride away. Malaga International Airport is a very convenient way to tempt your friends and family to come out and visit you. Maybe they’ll see why you love the region and decide to move out here too!
You don’t need to go to the city for daily services, though. There are plenty of Spanish and English-speaking schools, hiking trails, restaurants, shops, and 160km of coastline. What can you do with all of that beach? Spend your balmy evenings sitting on the beach sipping sangria with your loved ones, watching the sunset.
You’ve spent your life being careful with your money and saving for your future. Why not come live somewhere you can enjoy those hard-earned wages and enjoy life’s simple pleasures? Costa del Sol is waiting! Cosmopolitan Living in Costa del Sol.