Apartments in Spain
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Spain tries to tempt foreign house buyers back

The Spanish government has slashed sales tax on new property and embarked on a roadshow to try to tempt buyers back following the economic collapse.

The sales tax cut is one of a number of measures that was agreed at a cabinet meeting. The measures are designed to boost Spain's weak economic growth rate and generate revenue to help it cut its deficit.

More than 500,000 British people bought property in Spain in the boom years and many lost money when values plummeted. Sarah Rainsford reports.

  • 13 Oct 2011