Brits continue to buy homes in Spain despite triggering of Article 50

That is the verdict of Spanish property website Kyero’s Richard Speigal, who said British interest was still strong despite the triggering of Article 50 towards the end of March

LAST UPDATED: 25 Apr, 2017 @ 18:28
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chicBRITS are taking a ‘keep calm and carry on’ approach to buying homes in Spain.

That is the verdict of Spanish property website Kyero’s Richard Speigal, who said British interest was still strong despite the triggering of Article 50 towards the end of March.

The findings were based on visits to and searches on the website throughout the month.

“With Prime Minister May emphasizing how slow the Brexit process is going to be, with the UK being hostage to the negotiation cycle, it seems that Brits are happy to take a ‘keep calm and carry on’ approach to buying homes in Spain,” said Speigal, head of research.

“Interest has slowed, but is far from going into reverse – in fact, British visitors to Kyero.com have increased by 30.2% over the past year.”

Speigal also revealed that Chiclana de la Frontera in Cadiz is currently the ninth most popular location for those buying in Spain.

He put its popularity down to its ‘easy access to the real Spain’, architectural and culinary charms and being a ‘great base’ to visit attractive nearby destinations such as Cadiz, Gibraltar, Portugal and Morocco.

The average asking price across Kyero.com’s 200,000+ listed properties is now at €244,000 – a 5.9% increase from last year.

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  1. Findings, “based on web searches”, are a long way from actual sales. Venture to suggest that people are taking a somewhat ghoulish interest in the effects of Brexit on property prices. If British, one would have to be fairly bonkers, or extremely rich, to consider an actual purchase in the present financial climate.

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