The Spanish Government has approved, in the cabinet meeting on Friday, 11 measures to stimulate the economy and make things easier for families facing financial difficulty in the current economic slowdown.

The measures include the ability for those in difficulty meeting mortgage payments to extend the loan at no cost.
A new plan to improve a return to the workplace for the unemployed.
New credit lines made available to those who want to purchase protected or subsidised housing.
It’s all part of the 10 billion € packaged announced earlier in the week designed to stimulate the stagnating economy.

The 11 measures are, in brief:
1: Help for families with mortgage payments by extending the loan at no extra cost.

2: Tax reductions, including the famous 400 € income tax rebate for all workers, pensioners and self-employed.

3: The cancellation of Patrimonio Tax, expected to cost the treasury 1.8 billion €. The measure back dated to Jan 1 this year.

4: Help in the re-location of the unemployed to find work. This plan has a budget of 21 million €.

5: Help for companies, with 2 billion in credit for Pyme small businesses.

6: VAT/IVA Payments – Companies can ask for VAT refunds monthly from 2009.

7: Assisted housing – new ICO credits of 5 billion, 2 more than previously planned.

8: Public works – new measures to speed up public works tenders and completion.

9: House construction – Plan to build 150,000 assisted or protected homes each year, and to promote energy efficiency in new buildings.

10: The renovation of old buildings – When the cost of renovation is more than 25% of the purchase price, tax breaks will be awarded including the return of VAT.

11: Foreign Investment – The Government will improve the investment conditions for non residents of Spain.

April sees the launch of the latest off plan development to be released within the Medina Elvira Golf and Country Club.

Groupo Balboa, the main developers of Medina Elvira, have announced plans to release the next phase of apartments to be built. Property Finder Online are proud and privillaged to be able to offer pre-release reservations from just €89,000.

The new phase will be called Altos de Elvira and will feature large communal gardens and a swimming pool. The plot is elevated and has stunning views over the fairway and to the Sierra Nevada. The design of the apartments will be modern and contempory with 1, 2 or 3 bedrooms.

Medina Elvira features an 18-hole Golf course with driving range and practice areas. The development is set in over 1 million square meters of natural surroundings, only 10 minutes from the city of Granada.
Within the complex there will be an International School, shopping center, Horse riding center and a 4-star luxury hotel. The club house will boast stunning views over the 18th hole and will feature a restaurant and bar area.

Most of the developments surrounding the golf course are well under way. The first phase, called medina 23, will be completed in 2008.
All of the projects within Medina Elvira are bespoke, the Fairways development features Penthouses and Garden apartments with Jacuzzi decks, luxry specifications and stunning views over the Golf course.
Tee-17 offers 1, 2 and 3 bedroom apartments facing the 17th fairway. This development boasts 3 communal swimming pools, a Gymnasium and Spa area.

Las villas de Medina Elvira is made up of luxury detached villas with private swimming pools located in an elevated position with breathtaking views. The villas feature full home automation to control lighting, window blinds alarm system etc etc.