Buying and selling in today’s Spanish Property Market
S
panish market reports show that property prices have steady grown over the last five years, with evidence
that it is likely to continue at a sensible and sustainable rate. Helped by significant International demand, affordable house prices, a rise in investment from a variety of financial institutions and a flourishing Construction Industry. Spain was also reported as being one of the best countries for the cleanest and safest beaches in the world by the Association for Environmental Education and the Consumer (ADEAC). Also off-plan and new build properties are in very high demand again as they offer buyers some great off-plan discounts.
26 / PROPERTYMAIL
BREXIT NEWS Regardless of the media circus surrounding Brexit, British buyers remain the largest group of foreign buyers, followed by the French, Belgians and Scandinavians, all jostling for position behind them. As, let’s face it apart from the fluctuating currency markets and roller-coaster exchange rates, when you look at the facts, Brexit is very unlikely to make much difference to UK buyers wanting a holiday home or permanent residence in Spain. It has been well reported that most of the terms have already been agreed, except some more complicated issues such as Ireland’s border control and final trade agreements. Points like reciprocal expat stability and
health care are said to be already agreed in principle, as the Spanish also have over 100,000 people living in the UK. Obviously nothing is guaranteed until a definitive Brexit agreement is signed. However, even in the unlikely event
that no agreement at all is made, Spain’s economy relies heavily on UK tourism and second home purchases, so expect an easy border crossing to continue. As regards to currency fluctuations we have a panel of the best London foreign exchange brokers on hand, that can set up forward contracts for clients to fix rates when they peak in the timescale leading up to the sale, thus not getting any nasty surprises with a large fall in the rate just before completion.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36
