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8 Reasons To Buy & Sell Property In Spain Post Brexit

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There appears to be a lot of talk about the risks associated with buying and selling property in Spain throughout the media, especially since Brexit. However, most of the things being said are not true and are being based on decisions made out of panic.

Therefore, we thought it would only be right to give our professional opinion on the situation with our 8 reasons to buy and sell property in Spain.

Our 8 Reasons To Buy & Sell Property In Spain

  1. The flux in the Pound to Euro has brought exciting opportunities for sellers and buyers alike.
  2. If you are a Brit selling, you will have seen the value of your property increase by 20% since Brexit.
  3. If you are a Brit buying, you will find some Brits have reduced their prices by 20%. So, for Brit buyers, there is no increase in price.
  4. In the UK market, there is a 3% uplift on stamp duty if you are buying to rent, whereas in Spain there is no uplift.
  5. Spanish banks like Santander and Sabadell (part of TSB), offer mortgages that are not as stringent as the UK.
  6. You don’t need a buy-to-let mortgage when purchasing property to rent in Spain.
  7. All buying and selling costs in Spain are considerably lower than the U.K.
  8. The Spanish Government has said they do not want to loose the 500,000 British people that currently live in Spain, despite Brexit and will put steps in place to protect Brits.

Related Post: Brexit Healthcare Deal Offers Good News

Brexit Has Had No Impact On Brits Buying In Europe

Despite the panic in the media, stats are showing that Brits are showing no sign of giving up their dream of owning property in Spain, or anywhere else in Europe for that matter. No doubt, most of the reasoning behind this is linked to our top 8 reasons above.

Currently, 55% of Brits who were previously considering to buy property abroad have said that Brexit will have no impact on their decision, with 10% saying they are more likely to buy because of it.

To read more about the stats, provided by The Express, take a read of their article: http://www.express.co.uk/life-style/property/818267/brexit-buying-property-in-spain.

Also, do remember to take a read of our related post: The Impact Of Brexit On Property In Spain.

Considering Buying Property In Spain?

If you are considering to buy property in Spain, you will need to make sure you follow the correct processes and procedures. To help you do everything right, we have put together a handy guide to buying property in Spain, so do make sure you take a read: Our Guide To Buying A Property In Spain. Remember to also see our Brexit Opportunities page for special offers and deals on Spanish properties.

If you have any questions, or want more information, give our friendly team a call today on (+34) 95 247 78 54 or drop us an email at sales@propertyinmijas.com.

The Impact Of Brexit On Property In Spain

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If you live in the UK, then you can’t have failed to hear about Brexit. In fact, most people around the EU have learnt about the decision taken by many of the British population.

Whilst many of us are concerned about what this could mean for our futures, there are particular groups of people who are more concerned than others. This includes those people who own property in the EU or are looking to buy their first EU property. But, fear not, as there are many upsides that people are not immediately aware of.

Here at Property In Mijas, we have put together a quick guide as to what Brexit could mean for those looking to purchase a holiday home or relocate to Spain.

Holiday Homes

There is likely to be minimal changes for those who already own, or are looking to own a property in Spain; especially if they only plan to holiday there. There is a chance that Spain will decide to introduce the requirement of visas in order to enter the country. However, at the very worst, these will be similar to those who visit America, with a 3-month limitation. Not a problem if you only intend to holiday in Spain, as there is not much chance you will want to stay there longer than 3 months at a time.

Purchasing A Property

Purchasing a property is likely to cost around the same, with the same purchase taxes and council tax rates. Stamp duty and VAT is also something that is likely to remain unchanged; something that we all take into account when buying a property anyway.

Living In Spain

Whilst some people are happy to visit Spain for a short period, there are also people that want to move there long term. Because over half a million Brits live in Spain who contribute to the Spanish economy, the Spanish government has said there will be no change in rules for a Brit living in Spain. So the comforts and benefits will not change.

Contact Property In Mijas

If you are considering buying a property in Spain, whether it is to live in as a holiday home or something long term, then there is no reason to wait around. Get in touch with us today and we can talk you through the entire buying process and put your mind at ease in regards to market conditions. With the media putting a fear into some, now could be your chance to grab a Spanish property at an unbelievable price.

Related Post: Brexit Healthcare Deal Offers Good News

Let our team give you a true representation of what Brexit means and the benefits it can bring. So, fulfil your dream of owning a property in Spain today. Remember to also see our Brexit Opportunities page for special offers and deals on Spanish properties.

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