Spain has soared in demand from UK property buyers and is now at its highest level in four years.
Rightmove suggests that the number of buyer enquiries for a home in Spain was up 36 per cent in April this year compared to a year earlier.
They also added that Spanish property purchases by UK citizens in the first three months of this year were the highest since 2018 and up 16 per cent on 2019, the year before the pandemic.
It said that new data from the Spanish Registrars – the Spanish equivalent of the Land Registry – shows that the number of British buyer transactions in Spain is at its highest level since 2018.
The number of transactions from British buyers in Spain in the first three months of the year was 73 per cent higher than the same period last year, and 16 per cent higher than the same period in pre-pandemic 2019 – statistics by Rightmove.
British buyers continue to be the biggest overseas market for Spain, accounting for 12 per cent of foreign transactions at the beginning of this year
There are more British buyers enquiring on properties of more than €500,000 to obtain their ‘Golden Visa’, allowing them to reside in Spain which wasn’t necessary pre-Brexit.’
The so-called Golden Visa is a residence visa for non-EU citizens who invest in property in Spain costing at least €500,000.
Additionally there is a non-lucrative visa which allows Britons to stay in Spain for longer than 90 days without working.. However, they must have sufficient financial means to support themselves.