Keep Calm and Carry On buying Spanish property, say Brits

The allure of Spain remains for Brits, no matter the political or economic climate at home.

Despite the uncertainty that surrounds much of British politics right now – Brexit, the forthcoming general election, Jeremy Corbyn’s leadership skills, Theresa May’s chip-eating skills – it has been heartening to learn that one constant has remained: Brits’ love affair with Spain…

From holidays to homebuying, Brits have continued to view Spain as their country of choice, with the number of flight and hotel bookings so far this year already up on 2016’s record-breaker of a year.

But there had been concern that the weaker pound and ongoing political turmoil stemming from the British Prime Minister’s signing of Article 50 (which has formally begun the Brexit process) would serve to suppress demand for Spanish property among British buyers.

According to Spanish property portal Kyero’s Richard Speigal, however, far from being scared away, many potential British buyers are stoically and stubbornly sticking to their ideals: that being the pursuit of the dream Spanish home in the sun.

“With Prime Minister May emphasising 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,” Speigal told The Olive Press.

Speaking to the Guardian, Spanish property expert Mark Stücklin said that, although the uncertainty has not exactly helped matters, the country’s hottest property markets such as Marbella and Ibiza were still thriving, attracting interest not only from Brits but also traditional buyers from Germany, Scandinavia, Ireland and farther afield, too.