The government’s decision to reduce VAT when buying housing from 8 to 4 % is a half -timer, as it concerns only transactions in the primary market. When buying an apartment in the secondary market, taxes will have to be paid in full. According to the laws of Spain, when buying on the secondary market, the buyer pays not VAT, but the so -called property transfer tax, the amount of which differs in certain regions, as it is established by the regional authorities. Thus, acquiring new buildings in Spain becomes more profitable. With a new tax discount, when buying an apartment, say, € 200 thousand, the amount saved can be up to 8 thousand.
