The last 18 months has seen a new and encouraging 'post-crisis energy' with a growing interest in the Spanish property market, from the UK, showing great signs of steady regeneration and investor confidence. However, with the UK opting to leave the EU, the stability of this new economy, may appear, to be at risk!
We all know that there is going to be a degree of instability in the strength of Sterling, particularly, in the commencing 12 to 18 months we could experience some highs and lows. Despite this, this is a time when we must be shrewd and rely on a number of sure facts that will help us to 'iron out' some of our inevitable doubts about investing in Spain at the moment.The factors we should consider are;
That the British economy has always maintained a reliable momentum and we are a respected nation across the world of commerce. We have witnessed, a predictable GBP drop occur immediately after the referendum and already it finding its way in the market and will not languish for long!
Another discerning factor to consider is that we 'Brits' have and will always choose Spain as a favourite holiday or investment destination, for its guaranteed excellent climate & accessibility to and from the UK.
There are generations of families and friends who have made a lifestyle choice and have invested in properties there. These, amongst thousands of people, prefer to live their lives in Spain and who will happily continue to do so! Many expats and future expats are confident that both governments will engage in proactive talks over the coming months and years to assure these thousands of people, and the people like yourself, who are considering future property investment in Spain, will enjoy many of the existing or amended benefits.
Healthcare, Education, Jobs are a major consideration for us all, both in the UK and if you are planning to live or invest in a property in Spain. (It is projected that a common agreement will be struck for British people already residing in Spain to continue with the existing system or one very similar.)
All conditions will remain the same for the next two years, for existing or new residents, however, once the UK leaves the EU, it would be the UK government, who are responsible for providing assistance for British Citizens living abroad rather than this coming from the EU council funding.
Your pensions are transferable and would continue as they are now, as they are not in any way linked to or controlled by the EU.
A large proportion of Spains' economy relies on the British public, in its domestic market; tourism, private property investors, and its commercial market, trading with the UK. This is reciprocal and it is in all of our interest that Spain does its utmost to preserve and continue this special relationship between our countries.
(Please call or email a Solhuse team member, who on your behalf could provide you with access to expert financial and legal advisors, regarding any vital, information and guidance on the choices and the decisions you will need to make before you plan a trip to Spain.)