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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.
...continue reading "The British Costa exodus: loss of 5,000 people in a single year"

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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"

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Published on 3 Comments on Brexit vote dents British demand for Spanish property

The number of homes in Spain sold to British buyers has slumped since the Brexit vote and the fall in the value of the pound.

Villa in Moraira 300x199 - Brexit vote dents British demand for Spanish propertySales in the third quarter of this year declined 16% after steadily increasing since 2011. Last year the strong pound led British buyers to purchase almost 10,000 Spanish properties, up 42% on 2014, giving them a 21% share of the number of homes acquired by international buyers.

No other nationality buys as much property in Spain as the British, and in recent years they have made a significant contribution to the recovery of the Spanish property market.

About 28% of holiday homes on the Costa del Sol are sold to Britons and 26% on the Costa Blanca. They also dominate the sales of holiday homes in Murcia, the Canary Islands and the Balearics.
...continue reading "Brexit vote dents British demand for Spanish property"