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Tag: Brexit

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Published on 7 Comments on Consequences of a hard Brexit in the Spanish real estate market
brexit 2123573 960 720 4 - Consequences of a hard Brexit in the Spanish real estate market

The foreign buyer is one of the most important profiles of the Spanish residential real estate sector. His predilection for our country translates into a level of transactions that contributes to the dynamism of the housing market. The nationality that always leads to foreign operations is British. According to the College of Registrars, the British were behind 13.31% of total real estate purchases from foreigners in the second quarter of 2019. This percentage is the lowest in the historical series. In this post, we detail some of the consequences that could occur from producing a hard Brexit.

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Published on Leave a comment on Property transactions slide amid ongoing Brexit uncertainty
brexit 2123573 960 720 3 - Property transactions slide amid ongoing Brexit uncertainty

Homes in London are becoming more affordable, although buyers may not have noticed, according to Zoopla.

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Published on 1 Comment on The British return to buy house in Spain, but second hand
brexit 2123573 960 720 2 - The British return to buy house in Spain, but second hand

The real problem of the promoters in Spain is not so much the impact of Brexit on the number of homes sold to British, but the change of preferences in that market. After the small slump registered in 2017, following the referendum that approved the departure of the United Kingdom from the European Union, the truth is that the purchase of homes by British citizens in our country has recovered the levels in which it was in the stage prior to Brexit.

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Published on 1 Comment on Real estate trends in Europe for 2019
flag 3370970 960 720 - Real estate trends in Europe for 2019

The consultant PwC and Land Urban Institute have published the report trends of the real estate market in Europe for 2019. The investors surveyed believe that 2019 will begin to have a certain slowdown in real estate investment. The Brexit is one of the main reasons.

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Published on 1 Comment on Brexit transition and residency in Spain

brexit 2123573 960 720 - Brexit transition and residency in Spain

The Brexit transition period agreed in March gives British expatriates and those wishing to move to Spain more time to prepare.  This was welcome news, but a small delay like this could slow people down in taking crucial actions that are fairly urgent - the clock is still ticking to get ready in time, particularly where paperwork is involved.   ...continue reading "Brexit transition and residency in Spain"

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Published on 2 Comments on Brexit: What does leaving the EU mean for expats?

brexit 1 - Brexit: What does leaving the EU mean for expats?Just over 4.5 million Britons live abroad, with approximately 1.3 million of them in Europe, according to the United Nations.

The top destinations for British expats in the European Union are Spain ...continue reading "Brexit: What does leaving the EU mean for expats?"

Published on Leave a comment on Spain ranks third as Plan B for foreign investors fleeing Brexit

Madrid Plaza Mayor e1486569845280 1024x576 - Spain ranks third as Plan B for foreign investors fleeing Brexit

Spain ranks third as the preferred destination for global investors looking to relocate out of the UK and into other European countries, according to a new survey released on Tuesday by EY. The audit firm (formerly Ernst & Young) asked senior business executives representing firms with foreign investments in Europe about the impact of Brexit on their operations. And 14% of respondents said ...continue reading "Spain ranks third as Plan B for foreign investors fleeing Brexit"

Published on Leave a comment on The British Costa exodus: loss of 5,000 people in a single year

Marbella pier e1485768509261 - The British Costa exodus: loss of 5,000 people in a single year

The British community in Malaga has shrunk by one third in three years. The speed is due to several factors such as ageing, loss of spending power and fiscal pressure, but its rate is increasing, according to the latest figures regarding continual residence.
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Published on 1 Comment on Spain shattered its own tourism record in 2016

Spain has shattered its own tourism record for the seventh year in a row: 75.3 million foreign visitors made their way to the country in 2016. That’s 7.2 million more than in 2015, for a rise of 9.9%, Menorca 300x225 - Spain shattered its own tourism record in 2016according to early figures from Spain’s Energy and Tourism Ministry.

Visitors to Spain in 2016 shelled out a total of €77 billion, up 8.3% from 2015 figures, while average per capita spending was €1,023 for a more modest rise of 3.75%. The average daily amount spent by visitors was €138, some 6.5% higher than a year earlier.
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Published on 2 Comments on British developers lead the revival of Costa del Sol’s property sector despite the Brexit

The United Kingdom’s decision to leave the European Union in June has not discouraged London-based property developers from investing in Spain. Among the companies looking to establish a presence along the Mediterranean are Round Hill Capital, which has chosen the Costa del Sol as its launch pad into Spain. ...continue reading "British developers lead the revival of Costa del Sol’s property sector despite the Brexit"