I have a house on the beach and I was thinking to put it up for sale. In the area there are many british in their day, they purchased a second residence. Sure, if I run the voice among the community of English anyone is interested. However, the threat of a Brexit hard it seems more and more real. What would an exit without the agreement of the United Kingdom of the EU to the sale of my home to one of these possible customers? (See Claudia Montero)
Responds Ferran Font, director of the Cabinet of Studies of Pisos.com
foreigners make up almost 13% of the operations of sale and purchase of housing that are registered in Spain ,and among all of them, stand out the british, who have historically been the most active among foreign buyers. Because of this, the exposure of the Spanish real estate market to a Brexit hard can prove to be problematic.
In fact, we have already taken the first symptoms of involvement in the economy in general, since that of January to June were received to 120,000 british tourists less, while the british investment decreased by 19%. Obviously, tourism is where the impact would be immediate, but you would follow the real estate market of second residence with full security because, by reducing the visitors, it also reduces the potential home buyers, as shown by the latest data from the Association of Registrars for the first quarter of the year.
In summary, one output of the United Kingdom without agreement would certainly the chances of selling a property to a client of the british.Updated Date: 15 September 2019, 22:00