All EOS blogs All Spain blogs  Start your own blog Start your own blog

I am positive about the property Spanish market. I believe it's still a good one for investors and people who want to have a place in Spain. The good point of the current crisis is that prices still have a way to drop. Probably we will see better opportunities for everybody.

Rise in Brits expats -good news for the Spanish market (rent or sale)
25 January 2012 @ 12:00


If there is a clear indicator of the consequences of the economic crisis, it is in the immigration stats. In 2011, more than half a million people (507,000), left the country to find a place with more opportunities for a better life. Only 62,611 were Spaniards, whereas the rest (445,130), were foreigners.

Nevertheless, British expats are still increasing their presence in Spain, despite the turmoil. and they will find a property in Spain either to rent or to buy. They should get advantage of the current climate and get something really affordable. In the other way now wealthy Spaniards are trying to do a " inversión inmobiliaria en Londres " since Spain is not any more for investors but just for home-buyers

According to the National Statistics Institute (I.N.E.), a total of 391,000 Brits are living in Spain. In 2011, 24,815 Brits decided to move to Spain which is encouraging for the property market, both in terms of sales, and rentals. Spaniards are thinking it could be a good momento for  " vender piso a extranjeros " (in English to sell properties to foreigners). But times are different related to those during the boom could be a good.

I.N.E. statistics include expats, both registered and non-registered, as residents in Spain.

According to a survey published on 24th January in A Place in the Sun magazine's annual 'Ten Best Places to Buy Abroad', traditional sun-seeker's favourite, Spain is still the number one destination that Brits buy homes overseas.
The poll, conducted at the two most recent A Place in the Sun Live exhibitions at Earls Court London and the NEC Birmingham, sees buyers stick with old favourites, and France with its enviable lifestyle and accessibility, maintains second place. Golfers' favourite Portugal came in third and is followed by Italy, where Brits have been snapping up traditional farmhouses for years.

Seven of the top ten destinations are within the Eurozone, with Greece and Malta performing consistently on the wishlists of UK residents looking for a home abroad, and nearby Turkey still popular.
Outside of Europe, USA's popularity increases with the influx of foreclosed and bargain basement homes available in Florida especially.

The only new entry into this year's top ten is the Caribbean, previously the haunt of the rich and famous, with celebrities such as Wayne and Colleen Rooney and Catherine Zeta Jones owning homes there. It seems double-dip recessions don't dent our enthusiasm for a home in a palm-fringed paradise with Barbados seeing nine per cent more arrivals year on year in the first nine months of 2011.

Says Liz Rowlinson, Editor of A Place in the Sun magazine: "What's really interesting about our annual 'Ten Best Places to Buy Abroad' survey is that it shows UK buyers as sticking to tried and tested European countries – yet also willing to travel further to destinations such as Florida and the Caribbean to find their perfect holiday home location."
The UK's ten best overseas property destinations according to A Place in the Sun in 2012 are:
1.    Spain
2.    France
3.    Portugal
4.    Italy
5.    USA
6.    Turkey
7.    Greece
8.    Cyprus
9.    Caribbean
10.    Malta

Like 0


Reinier said:
02 February 2012 @ 15:49

Would be interesting to see how many Brits have left in 2011 and to see if you can really speak of a rise in the number of British living here. I have some doubts about that.

And regarding the place in the Sun stats, many Brits are searching but few are buying. It is a fact that many British would still like to have a house in Spain.

Only registered users can comment on this blog post. Please Sign In or Register now.


This site uses cookies. By continuing to browse you are agreeing to our use of cookies. More information here. x