UK buyers keen to buy their Spanish home soon

The UK’s EU Referendum may well be causing consternation for the currency markets, but for most people planning to purchase property in Spain, it’s a different story.

Image
“While many people may have been concerned about the effects that the upcoming EU Referendum could have on those buying property overseas, we have seen that the majority of people now are ignoring the scaremongering and not letting this put them off their plans. In fact, many believe that securing a property in Spain before June puts them in a better position in the event that the UK does vote to leave, compared with putting any plans off until later.
 
“We recently surveyed our would-be buyers about buying European property, and only 3% were considering putting their plans on hold until after the Referendum takes place. After all, most of the reasons that Brits choose to buy a place overseas are not going to change as a result of any vote –those seeking a better way of life, for example, or a sunnier climate.
 
Many British buyers overseas believe that securing a property before June puts them in a better position if the UK does vote to leave.
 
“Through discussions with our trusted property partners, we have seen this trend continue – a recent survey conducted by A Place in the Sun found that 70% of Brits would not postpone or cancel their plans to purchase property if Britain leaves the EU – with many Brits already planning to use their available pension pots to buy a property outside the UK.
 
“We have seen property prices stabilise across the continent, even growing in some places, for the first time in years – with property prices still affordable despite the fluctuations experienced by sterling against the euro. This further proves that waiting to purchase your dream property will not make it more affordable. The exchange rates and property prices you can achieve now are still much better than the ones seen as recently as 2014 – and with uncertainty expected to continue in the run up to the voting and beyond (no matter what the result of the vote) buying now while your budget can be planned properly is a much more sensible option.
 
It’s also good to remember that owning property in Europe before the vote takes place will mean you have euro assets in your name – which could certainly prove positive if sterling falls against the euro post-referendum.”

Further reading for Buying In Spain

Image

Viewing Guide

Finding the right property can be a challenge. What do you need to think about?

Read more...

Image

Hidden Costs

The price of the property as listed is never the price that you will end up paying. 

Read more...

Image

Legal Matters

Buying a property in Spain has very different legal requirements to the UK.

Read more...

Image

Currency Zone

Did you know that you could save thousands of pounds when emigrating?

Read more...