Older Brits still favour Iberian countries for retirement.

May 31, 2016

Iberian countries are still among the top destinations for retired or retiring Brits, this being due to rising equity which means property buyers have more money to spend  say the experts. If the referendum vote turns out that the UK remains in the EU then it can be expected that there will be an increase in number enquiries almost immediately, many are waiting on the sidelines  awaiting the result before making any move, with more than a quarter planning to retire to Spain and Portugal’s Algarve it is being named a top retirement destination.

Property specialists in Spain and Portugal says the area is set to benefit from increasing real estate investment from older Brits, as 80% of the UK’s wealth is held by the over 50s, according to a recent report.

The latest mortgage statistics published by the National Statistics Institute on Friday showed  that the number of new mortgages constituted on homes listed in the property registers in Spain stood at 22,983 in March. This figure represents an increase of 14.5% over the same month of 2015.

To read more about the mortgage statistics click here

 

 

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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