Did somebody sneeze!!

March 11, 2016

Did somebody sneeze!! Whoops better hold off from buying a property in Spain. I might have caught a cold!!

Yes seems stupid but this is how fragile property-buying in Spain can be when we have scare mongers all around.

Now we have the “Will we , won’t we” on the EU question!

In the 1980’s when there was an economic crisis in this country statements like” Nobody will buy property in the UK or Spain again” were being bandied about. Didn’t happen though and we have a housing shortage now!!

Buying in Spain will go on whether we are in or out of the EU. People will not stop going on holiday to Spain and people will still buy in Spain.

Norwegians, Swiss, Chinese, Russians etc are not in the EU but have been investing in property in Spain and haven’t held back because they are not part of the Union. Spain hasn’t put obstacles in the way, in fact quite the opposite –  for example “Golden Visas” have been offered as an incentive to the Chinese.

We will still have access to properties already bought and any which are bought in the future. The EU won’t be shutting its borders if we are not part of the Community. If we stay in  likewise.

Many areas particularly on the Costas have a large UK community who bring in a huge income for local businesses and the Spanish Municipalities. Whether permanently resident or not there are areas where house ownership is predominantly British. Spaniards won’t want to see people selling up and taking their custom away.

Like many European countries, the Spanish economy is still fragile, so they are not looking to drive the British away which would just wreck many local Spanish businesses, not to mention the negative effect on the taxes the Spanish Government receives from owners.

Even if the UK does leave the EU it won’t be abandoning Europe!!

Keith Pintointernational

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