Brexit hits the Spanish property market – but there’s a potential silver lining

Brexit hits the Spanish property market – but there’s a potential silver lining Much has been stated about both the potential benefits and drawbacks of the UK’s impending departure from the European Union (EU), but if there’s one thing that can be said for it, it’s that it’s not spelt great news for the Spanish property market. Are we seeing a Brexit property crash in Spain? Britons have long been in love with Spanish homes – indeed, according to reports, the number of properties in the country sold to British clients more than doubled between 2012 and 2015. However, that phenomenon was swiftly snuffed out by Brexit, with a mere 2% annual rise recorded for 2016, according to Spain’s land registrars’ association. Whereas Britons had bought 2,864 Spanish properties in the third quarter of 2016, that figure dropped to 2,073 for the last three months of the [...]

By |2017-05-16T12:36:52+00:00May 16th, 2017|Brexit|Comments Off on Brexit hits the Spanish property market – but there’s a potential silver lining