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Andalusia now hotspot for UK pre-retirement property purchases
| Published: | 15 Oct at 6 PM |
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Andalusian real estate firms whose clients are mainly pre-retirement Brits cite change of lifestyle as the main attraction.
According to leading agencies in the area, around 80 percent of British property hunters are looking for a holiday home which can become their retirement dream at a later date. In addition, the majority are looking to integrate into a typical Andalusian lifestyle. At the present time, the easiest homes to sell are those priced between 50,000 and 100,000 euros.
According to Andalusia-based real estate agents exhibiting at Birmingham’s recent ‘Place in the Sun’ exhibition, last-year’s would-be buyers were tending to hang back until the Brexit position becomes clearer, but nowadays it’s all about leaving because of Brexit’s projected effect on life in the UK. Many would-be buyers didn’t realise Malaga is part of Andalusia and that a Spanish-style life can be lived within an hour’s drive of the city’s international airport.
Many of those who attended the exhibition are planning buying trips over the Christmas period, with townhouses the most popular as well as a good deal of interest in new developments and country properties. Online Andalusia property sites are also busy, but prospective expat retirees are being warned to ensure their chosen estate agent is legally registered with the Spanish authorities.
Buying from an unregistered agency means the client is not protected by the European Trade Descriptions Act should something go wrong or the property is not as described. Would-be expats should also remember that buying a house in Spain isn’t the same process as it is in the UK.
According to leading agencies in the area, around 80 percent of British property hunters are looking for a holiday home which can become their retirement dream at a later date. In addition, the majority are looking to integrate into a typical Andalusian lifestyle. At the present time, the easiest homes to sell are those priced between 50,000 and 100,000 euros.
According to Andalusia-based real estate agents exhibiting at Birmingham’s recent ‘Place in the Sun’ exhibition, last-year’s would-be buyers were tending to hang back until the Brexit position becomes clearer, but nowadays it’s all about leaving because of Brexit’s projected effect on life in the UK. Many would-be buyers didn’t realise Malaga is part of Andalusia and that a Spanish-style life can be lived within an hour’s drive of the city’s international airport.
Many of those who attended the exhibition are planning buying trips over the Christmas period, with townhouses the most popular as well as a good deal of interest in new developments and country properties. Online Andalusia property sites are also busy, but prospective expat retirees are being warned to ensure their chosen estate agent is legally registered with the Spanish authorities.
Buying from an unregistered agency means the client is not protected by the European Trade Descriptions Act should something go wrong or the property is not as described. Would-be expats should also remember that buying a house in Spain isn’t the same process as it is in the UK.
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