Playa Flamenca 3 Bed Duplex

The area is densely populated and can offer a wide range of properties to suit all budgets.

Townhouses, villas, duplexes and apartments are all available. Though you would not necessary buy property here for serious investment it does not make Playa Flamenca an area to avoid either. It is just a matter of buying the right property for you in the right location. As the area is densely populated you can find affordable townhouses here from as little as 110,000 euros.

Properties with sea views will always provide the best investments and those located on the more quality complexes with good security. Although the administration charges are higher on the more luxurious developments you will probably find they are a better investment than other lower cost options.

The area is home to mainly British, German and Irish communities though Scandinavian citizens are also increasing in numbers. Many of the apartment buyers are the investors in the area along with the larger villas and duplexes. With Villamartin golf course on the doorstep it can provide you with rental potential all year round.

Change in Spanish Capital Gains Tax announced

From the new year, UK citizens living or working temporarily in Spain will save thousands of pounds thanks to a cut in Spanish capital gains tax. Banco Halifax Hispania reports that the tax on property sales and personal income for non-residents will go down significantly from 35 per cent to 18 per cent, following actions by the European courts after complaints were made over the fact that Spanish residents pay 18 per cent while non-residents paid 35 per cent. This is good news for Britons investing in a Spanish holiday home. Recent research by Mintel found that some 800,000 UK residents now own a second home abroad, with Spain being the most popular destination."This is fantastic news for Britons living or working temporarily in Spain," said Ian Smith, head of European operations at Halifax.Changes take effect from January 1st 2007.