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Recent research shows that approximately five times as many Brits under 25 are buying property in Spain than retirees over 55. The largest age group remains that between 25 and 55, but those under 25 are beginning to purchase real estate in Spain in ever-larger numbers.
In a survey which asked British respondents where they’d most like to live overseas, Spain came out as the most popular destination in Europe. One of the reasons cited was that a home in Spain makes it easy to travel affordably back and forth between their home in Britain.
Almost 70 percent of the respondents who said they’d like to purchase a home in Spain were under 55, while only around 15 percent were over 65. These numbers go somewhat against the typical assumption that most Brits buying homes in Spain are retirees in their sixties and seventies.
Of all the people who took the survey, 5% already owned a home in Spain, and of this group, half were under 35 and 20 percent were under 25.
Although the growth rate of prices has been slowing down, most experts predict a stabilization in the market as prices reach regular, maintainable levels (which so far has been the case). Despite speculation of a crash in the real estate market, buyers and investors see Spanish property as a good long-term investment because of this very stabilization.
Professionals within the industry have little doubt that Spain will maintain its position as the top long-term investment opportunity for Brits.
