Why Are Brits Buying Homes In Spain Again?
Spain has attracted the British for a long time; with long, pleasant summers, warm winters, sandy beaches, clean sea, and spectacular mountains, the lifestyle offered is irresistible. Following Brexit, the market slowed down, but the British returned and bought homes in Spain again.
Post-Pandemic
An aftereffect of the pandemic is that people have now become used to remote working, and many can continue working remotely. This leaves them free to make their home outside their own country. Spain’s more relaxed approach to life, the wonderful weather, the multitude of outdoor activities, and good internet connections make buying a home in Costa Blanca more attractive than ever.
Good Exchange Rates
Brexit's beneficial impact on the UK is the exchange rate, which makes property comparatively reasonable for most British people. This has created a buyers’ market, allowing for better negotiations when buying a villa in Spain.
Improved Economy in Spain
The Spanish economy is recovering well, and the housing market is, therefore, strong and stable, with increased property values and good investment opportunities for those looking for property for sale in Spain.
Post-Brexit
After the UK’s exit from the EU, some British have felt rather disconnected from Europe, and buying a home in Spain means they can retain European connections and, if they choose to become residents, they can continue to enjoy some of the benefits that EU membership offers including visa-free travel within the Schengen Area.
Nostalgia and Community
The long history of owning property in Spain means that there are British communities in many areas offering those relocating an excellent support network. This makes the relocation easier for newcomers who have bought a villa in the Costa Blanca, and settling in without feeling too homesick will be relatively smooth.
Golden Visa in Spain
The Golden Visa allows non-EU citizens to become residents if they buy a home in Spain for a specified minimum amount. This attracts those who wish to invest and others who want to relocate completely.
Easy Connections
With so many direct flights to and from major Spanish and UK airports, staying in touch and visiting with family and friends is both affordable and easy. In many cases, people see each other more once they have relocated than when they all lived in the UK.
Spanish Healthcare
Spain has a very good national healthcare system, which gives peace of mind to those who relocate or retire to Spain.
The Future
Reports suggest that British interest in buying property in Spain will continue unless any unforeseen changes to either country's economy occur. Optimistically, the desire for a more relaxed lifestyle in a warmer country suggests the trend will continue.
Conclusion
Spain is a welcoming country and charms many holidaymakers who dream of moving there, and many have now found that this can become a reality. Those from the UK buying a home in Costa Blanca can rely on our experienced team at Hamiltons of London to help them realize their ambition.
