Brits Buying Abroad

Brits Buying Abroad STATS ON SPANISH PROPERTY MARKET Have you ever wondered why so many British people opt to purchase a property in Spain upon retirement? Do you like the sound of moving to the sun when your working life is over? Then you've come to the right place. The facts and statistics on this infographic should leave you with no doubt about why thousands of people leave the UK for mainland Spain each year. With a bit of luck, reading the information should help you to decide whether or not this idea is something you would like to pursue. THE PRICE OF A STANDARD TOWNHOUSE: SPAIN UK €200,000 £250,000 4.8 M now living in Spain foreign Of those, around 8.9% are British. residents Spanish properties have dropped in price by 26% in most developed areas since 2009. In 2014, the official figure for British people living in Spain was registered at 297,229. That is more than almost any other country in the world. The number of house building permits authorities in Spain between January and July 2014 was 22,624. That shows the Spanish are anticipating higher amounts of immigration than ever before over the next couple of years. Half a million new homes were built in Spain per year from 2001 to 2009. Around 60% of them are now inhabited. Andalucia is the best place to purchase a property in Spain if you want lots of choice. There are a total of 4,394,515 homes in this region, although they're not all on the market. The private house market in Spain moved 10,386.5 million euros during the first quarter of 2014. That proved to the world that properties are still very popular in this country. FOR SALE 77,271 private housing transactions were made between the months of January and July in 2014. While the UK sees around 92,900 transactions per month at the moment, Spain is still doing very well. Property purchases by private companies made up for 21.93% of all housing transactions in Spain during 2013. That figure looks set to rise by the end of this year, although reports have not yet been compiled. RUIZ DIAZ TORRES Your legal representative in Spain Sources: http://www.theguardian.com/money/2012/nov/29/uk-expats-guide-spain http://www.expatforum.com/articles/moving/moving-to-spain.html http://en.wikipedia.org/wiki/British_migration_to_Spain http://news.kyero.com/2014/10/residential-building-permits-rise-for-first-time-since-2011/15509 http://news.kyero.com/2014/07/spain-registers-0-23-increase-in-new-homes-in-2013/14832 http://www.insidehousing.co.uk/highest-number-of-residential-property-transactions-in-nearly-four-years/6529161.article http://news.kyero.com/2014/05/home-purchases-by-companies-quadrupled-in-2013/14337