A place in the sun no more? Britons buying less property in Spain and Brexit is being blamed
The IndependentEmpty shelves, fuel shortages and a lack of seasonal workers are all things that have been blamed on Brexit. For the first time, it has been recorded that Germans bought more properties in Spain than Britons, whose fondness for buying a place under the sun has turned some resorts into virtual colonies. The latest data shows that Germans bought 10.4 per cent of all properties purchased by foreigners in Spain during the third quarter of 2021, compared with 9.9 per cent for Britons, according to data from the Spanish College of Registrars. They don’t have to put up with extra Covid-19 restrictions that the UK brought in, so the pandemic is also a factor too.” It was long said that the sun went to Britons’ heads when it came to buying a villa on the Costa Blanca or the Costa del Sol. On Mr Stucklin’s website, a reader calling themself Vendido wrote: “In years past it was said many Brits buying in Spain left their common sense behind in the UK, the motives for buying often driven by heart not head and endorsed by ‘Homes in the Sun’ type TV programmes.
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100% tax on foreign buyers: Why Spain plans stricter measures to tackle the housing crisis?
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