Keep Calm and Carry On buying Spanish property, say Brits

15 May 2017

From holidays to homebuying, Brits continue to view Spain as their country of choice, with the number of flight and hotel bookings so far this year already up on 2016’s record breaking a year.
There had been concerns that the weaker pound and ongoing political turmoil stemming from the British Prime Minister’s signing of Article 50 (which has formally begun the Brexit process) would serve to suppress demand for Spanish property among British buyers. However, according to Spanish property portal Kyero’s Richard Speigal, far from being scared away, many potential British buyers are stoically and stubbornly sticking to their ideals and lifestyle wishes, that being the pursuit of their dream Spanish home in the sun.
“With Prime Minister May emphasising how slow the Brexit process is going to be, with the UK being hostage to the negotiation cycle, it seems that Brits are happy to take a ‘Keep Calm and Carry On’ approach to buying homes in Spain,” Speigal told The Olive Press. Speaking to the Guardian, Spanish property expert Mark Stücklin said that, although the uncertainty has not exactly helped matters, the country’s hottest property markets such as Marbella and Ibiza were still thriving, attracting interest not only from Brits but also traditional buyers from Germany, Scandinavia, Ireland and even further afield.