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.

You May Also Enjoy

Breaking News

Inheritance Tax Receipts raise £0.8 billion in one month

Inheritance tax receipts hit £0.8 billion in April 2025 according to data released by HM Revenue and Customs (HMRC) this morning. This is £97 million higher than in April of the previous tax year, and continues an upward trend over the last two decades. With such a strong start to the new tax year, predictions that Inheritance tax…
Read More →
Breaking News

Zoopla research reveals homeownership outranks marriage as top priority for UK adults

A new survey from Zoopla reveals that 48 per cent of UK renters in a relationship are prioritising saving for a home over a wedding, with this figure rising to 59 per cent amongst Gen Z The financial pressures of saving for a home have resulted in a fifth considering postponing marriage in favour of…
Read More →
Breaking News

London rental market rebalances amid rising supply

Foxtons data shows There was a 5% increase in market supply in April, and a 9%, increase in market supply of new instructions year to date The average rent in April 2025 increased by 3% to stand at £589 per week April saw a 3% month-on-month reduction in applicant registrations, which goes against the trend…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove’s Weekly Mortgage Tracker

Average rates for 2-year and 5-year fixed-rate mortgages   Term Average rate Weekly change Yearly change 2-year fixed 4.60% -0.02% -0.84% 5-year fixed 4.58% -0.02% -0.48% Lowest rates for 2-year and 5-year fixed-rate mortgages   Term Lowest rate Weekly change Yearly change 2-year fixed 3.72% +0.00% -1.03% 5-year fixed 3.78% +0.00% -0.56% Average fixed-term mortgage…
Read More →
Estate Agent Talk

Streamlining Property Documentation for Fast Transactions

Property transactions often stall due to paperwork bottlenecks. Missing documents, hard-to-read files, and format incompatibilities can turn straightforward sales into lengthy ordeals. For estate agents, property managers, and solicitors, these delays mean unhappy clients and lost revenue. Efficient document management sits at the centre of smooth property transactions. Converting files between formats quickly ensures that…
Read More →
Breaking News

Breaking Property News 21/05/25

Daily bite-sized proptech and property news in partnership with Proptech-X.   Welcome to the first instalment of a 52-week exploration into the intersection of data and digital infrastructures, tenant experience, and operational performance in commercial real estate. Andrew Stanton CEO Proptech-PR & Editor of Proptech-X  – ‘Over the past nine years I have worked 1:1…
Read More →