Spain’s proposed100% tax hike for non-EU homebuyers could throw a spanner in the works for wannabe expats looking to move to sunnier climes.
Should such a suggestion become a reality it would likely put an end to British ambitions of a Spanish home from home.
Despite no fixed timeline for implementing the proposed tax changes latest analysis by eXp UK has revealed Spain still continues to offer the greatest choice of homes in the current market.
The research shows that when it comes to the greatest abundance of foreign homes marketed specifically to British buyers, Spain tops the table, accounting for the top three destinations with the greatest choice of potential properties.
BRITS ABROAD
Last year, almost 300,000 people were residing in Spain having originally come from Britain, one of the largest expat communities after Australia, the US and Canada.
For those with plans of following them to the Spanish sun, Andalucia provides the greatest choice of homes currently on the market, with some 28,211 properties listed for sale and advertised specifically to British expats.
The Costa del Sol ranks second with almost 25,000 homes for sale, with the Costa Blanca coming in third with just shy of 13,000 properties in the current market.
But the draw of a better life abroad isn’t restricted to Spain alone – the Algarve region of Portugal also ranking within the top five along with Dubai.
Other areas to make the top 10 include Provence, the Balearic Islands, the French Riviera, the Costa Calida and Tuscany.
FIRM FAVOURITE
Adam Day, Head of eXp UK, says: “We’re a nation that’s obsessed with homeownership and this obsession isn’t restricted to the green and pleasant lands of Britain alone with, with some 79,000 Brits choosing to emigrate last year.
“Spain has long been a firm favourite in this respect and whilst that certainly remains the case today, it’s fair to say we’re broadening our horizons, with the likes of Dubai becoming particularly popular for those looking to advance their professional careers in a warmer, more tax friendly, climate.”
UNRIVALLED FOOTHOLD
“As a worldwide brand, eXp has an unrivalled foothold across the global property market and, as a result of increasing demand from expat homebuyers, we’ve agreed a deal with Rightmove International to list all of our homes across the EMEIA region.
“In doing so, we can ensure that the homes we list around the world get maximum exposure, not just to domestic buyers, but to an international audience of homebuyers that’s growing by the day.”
