BREXIT IS IT ALL DOOM AND GLOOM?

Well Brexit has come and……..gone?

Whichever way you may have voted, whether you like it or not the result is to leave the EU.
                   THIS DOES NOT MEAN WE ARE LEAVING EUROPE!!

Almost half the population wanted to stay, just over half the population wanted to leave so hardly a landslide!! If you didn’t vote then you can’t complain now!!

              So how is this going to have an impact on house-buying in Spain?

  • In the short-term there is the fall in the value of sterling but we had already seen similar rates over the last couple of years, even without Brexit. Rates have always gone up and down. This is where using a good Currency House can save you money. They look for the best time to exchange and we would generally look to beat the rates from Banks by between 3-4%. During the recession years of 2008-2012, the average rate between pound /euro varied between 1.12 and 1.25 AND yes people did buy houses in Spain. Today’s rate stands at about 1.19

  • Don’t forget that even with the weaker pound once you get to Spain, staying there while using your property is still cheaper than the cost of living here in the UK. Remember eating out is significantly cheaper than here. Car hire in comparison to the UK is cheaper.This will not change because we have Brexited, as there is unlikely to be one price for us and one for the rest of Europe. 

  • Until the UK is formally detached from the EU there will be no change in how we can move around Europe. Even when we have formally left the EU we will not be banned travel in Europe!! In future we may need “visas” or equivalent just as, for example, the ESTA when we go to the USA. This gives 90 days a year travel in America on holiday without a visa. Unless you are planning on retiring within Europe, this amount of time for most will be ample for holidaying in a second home.

  • Developers and builders in Spain are not going to stop selling properties to UK residents and no they won’t be putting prices up because the UK won’t be in the EU! In some areas prices are already rising as new phases on developments are released. These prices will apply to all who purchase!

  • Whether the European Health Insurance Card (EHIC) survives or not only time will tell. It may be that EU countries will still want their citizens to have this benefit when visiting the UK so a reciprocal deal may continue. As a frequent traveller to Spain I still “top-up” this cover with travel insurance. After all not everything is covered by this card. For instance, repatriation costs were NEVER covered under the card anyway and such costs can be enormous  –   so in future it may be that a travel policy will be needed even more since the EHIC should not have been used anyway as a substitute for such insurance.

  • Leaving the EU, in our opinion, shouldn’t make buying a second home in Spain any harder. Plenty of non-EU nationals have bought in Spain, among them Russians and Chinese. They haven’t come up against barriers to their purchasing a property. Indeed for Chinese buyers the Spanish introduced the “Golden Visa”  –   maybe they could do the same for us!

Only time will reveal the full impact of our exit from the EU, however we do know that people will continue to travel in Europe, live in Europe and buy property in Europe. Life goes on and if you want that holiday home go for it. The end of the world is not nigh because of BREXIT!!

Keith Pintointernational

You May Also Enjoy

Breaking News

Rent and run? Agents warn of new ‘Stopover Tenant’ epidemic

Nearly 1 in 3 letting agents report tenants walking away from 6–12 month tenancies – some after just a few months Experts warn rental reforms are fueling relocation-style, short-term renting Almost half of agents now advising landlords on how to manage early exits A new trend is sweeping the rental market and it’s leaving landlords…
Read More
Breaking News

Breaking Property News 11/09/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   A ‘workplace companion that’s not just about managing buildings’ Smart Spaces has launched Space Agent, its new agentic AI-driven workplace concierge designed to transform how people manage and engage with buildings and their workplaces. Space Agent – introduced through its friendly persona, Max – is fully…
Read More
Breaking News

Where can you still buy a home for under £150k?

Zoopla reveals Great Britain’s property bargain hotspots Just 12 per cent of all homes for sale across Great Britain are priced under £150,000 making location key for home buyers looking for a bargain In the North East, a remarkable 41 per cent of all homes for sale fall within this price range, followed by Scotland…
Read More
Breaking News

Landlord repossessions soar as Renters’ Rights Bill looms

Landlord repossessions soar as Renters’ Rights Bill looms, with some areas seeing increase of over 2,500% The latest analysis from Dwelly, one of the UK’s leading lettings acquisition and success planning experts, shows that landlord repossessions have increased by 6.8% across England and Wales. However, in some areas of the country they have soared by…
Read More
Breaking News

These are Britain’s most active housing markets

New research from The Property DriveBuy reveals that the busiest homebuying postcodes in Britain right now are found in Croydon, Buckinghamshire and Waltham Forest, however, for those hopeful homebuyers facing tough competition, shifting to a neighbouring postcode could see them secure a property. The Property DriveBuy analysed latest housing market data to discover which of…
Read More
Breaking News

Downsizers can bag 2 for 1 on property purchases

The latest research from over-50s property specialists, Regency Living, reveals that downsizing retirees could own two homes for the price of one, combining a comfortable home in England with a sunny escape in Europe. According to Regency Living’s latest analysis, retirees who sell a traditional bricks and mortar house and purchase a park home can…
Read More