Costa del Sol Looking Highly Appealing To UK’s Top Earners

With the British government set to introduce its new 50% income tax rate at the beginning of April 2010 for those earning in excess of £150,000 per year, more and more of the nation’s high earners are beginning to wonder whether staying in the UK is really in their best interests.  Charlie Mullins, the millionaire boss of London’s Pimlico Plumbers, is just one of those who is reported to be considering turning his back on Britain in the light of the imminent tax increase, and the Costa del Sol could well be his next stop.

With foreign tax rates looking increasingly favourable to businesses currently based in the UK, and with both Labour and the Tories apparently considering hikes in Value Added Tax and Britain’s University and College Union calling for increases in corporation tax to provide increased funding for students, businesses all over the country are looking increasingly at offshore options and making the move to foreign climes.  According to Mr Mullins, what is currently Pimlico Plumbers could soon become Puerto Banus Plumbers.

Of course, it is not just Britain’s unfavourable economic climate which is making the Costa del Sol such a huge attraction in the minds of UK business owners at the moment, but also the potential for some great property bargains in Southern Spain.  As an enduringly popular choice for both investors and those seeking a more relaxed way of life, the Costa del Sol, whilst it might have been hit equally as hard in terms of its property market as other places in recent times, will almost undoubtedly be one of the first to bounce back.  As property prices in the area are beginning to look as though they have finally bottomed out, 2010 could mark a real turning point and the opportunity for buyers to make huge gains.

To receive further updates from DDG World including our latest special offers, please follow us on Twitter.