Spain remains the preferred choice for British people living abroad in Europe
The British market after Brexit British market strengthens after Brexit certainty The UK market has been one of the main sources of tourists and property buyers on the Costa del [...]
Take an educated guess as to which European country is the most popular choice among British people living abroad?
It’s most likely your response is Spain; and that answer would be correct.
It’s not difficult to work out why. The weather and the Spanish people are both so sunny and welcoming, the culture is fascinating, the food is delicious and the vistas are so often stunning.
A recent report prepared by the UK’s Office for National Statistics (ONS) details that 37% of Britons living abroad in Europe reside in Spain. Figures show that in 2017 the land of flamenco, Picasso and sangria was home to 293,500 British residents who have chosen to make the country their long term home.
Spain is widely known for being an alluring prospect for British retirees looking to enjoy life in the sun, by the sea and on the golf course, but it is actually also home to more 15 to 64 year olds than any other EU country.
Flying high in the favourite region lists is of course the Costa del Sol. The area has been loved by British people for decades and not just because it enjoys Europe’s best weather for most of the year. The region, which forms part of Andalucía, is a cultural delight located on Spain’s south coast and it caters happily to it’s population of Brits without compromising the wonderful Spanish way of life.
The coastal resort town of Marbella is a notable highlight here that forms a mecca for golf enthusiasts, sun lovers and anyone who wants to live a healthy lifestyle. Marbella and its surrounding region offers so many positive things to new settlers from overseas including great food, nightlife, a close proximity to fascinating Moroccan destinations and a vast array of sports and social amenities, not to mention the luxury property. It’s not hard to see why British people want to live there.
About Altavista Property
Altavista Property is a leading real estate company that is highly respected for its knowledge of and experience in the luxury real estate market in southern Spain. The firm is a specialist in modern, stylish homes in the area, so contact us now if you are looking for luxurious new-build villas, townhouses or apartments in Marbella’s top locations.
So Why Buy Spanish Property in 2018?
There are so many reasons to choose your new home in sunny Spain in 2018, but here are Alta Vista Property’s top five:
- A Booming Construction Industry
Conditions are perfect for prospective buyers to take the leap this year, and there are multiple reasons for this. A decade or so ago, the country’s economy ground to a halt – as was the case for many others in Europe and beyond. Since then, however, the only way has been up, with the construction industry working hard to deliver scores of beautiful homes in idyllic settings at an extraordinary rate in order to meet the phenomenal demand that exists among foreign ex-pats.
- Investment Opportunities
Interest rates currently remain low in the region, but a substantial increase is predicted within the next couple of years – meaning that 2018 is the perfect time to invest in Spanish property if you’re interested in one day selling your new home for a considerable profit.
- Events, Adventures and Positive Action
Overseas events are becoming more and more popular for Brits and other non-natives, with experiences like the Primavera festival and other entertainment occasions steadily making more substantial marks on the international calendar. If you want to find yourself right in the heart of big cultural or creative movements and soak up the good vibes, now is definitely a good time. Many European countries are also currently somewhat ahead of the UK in terms of environmental issues and inclusivity – with a marked increase in environmental practices such as recycling and multiple positive changes in catering for dietary requirements such as veganism or gluten intolerance. Moving abroad in 2018 will allow you to witness these great changes first hand.
- Political Uncertainty
Of course, we in the UK are still unsure of the exact impact of Brexit upon our day to day lives, as we are still awaiting the results of a number of decisions. For those who were already planning to start a new life abroad, it may be worth considering making that move sooner rather than later and following through with your plans before any major changes occur. Of course, there’s always the chance that the results of the UK’s departure from the EU will not be overly drastic, but it’s likely that movement between countries will be affected to a point, and the process of moving overseas possibly more so.
- Demand and Availability
With so many people moving to Spain each year, the most desirable properties are snapped up at considerable speed. With the rate at which new buildings are appearing and being claimed, those who have been dreaming about moving to the country need to act fast! A move like this is a big decision, so it’s important to be able to find a property that is perfect for your needs. Beginning to search now means that you’ll be well-prepared to put an offer in for your ideal place at the right time.