Spain is the favourite retirement destination for British and north European silver surfers determined to swap the rainbelt for a sunbelt lifestyle. Internet searches for retirement homes by the older generation have more than doubled in the first quarter of 2016, according to research.
Many retirees, after decades of holiday visits, love Spain for its fantastic year-round climate and historic culture and feel increasingly relaxed about retirement on a favourite Costa or historic city. Internet searches have convinced them property prices are now bumping away from the recessional collapse of the real estate sector and that 2016 is a good time to buy bank-owned bargains.
Some over-60s are keen to reserve a retirement home from Spanish property developers, back in action after years of struggle. Their new developments feature more living space, higher specs and added onsite amenities. Buying offplan gives time to plan for retirement and the move to sunnier climes.
Other over-60s are voting with their feet ahead of the UK’s referendum. Whatever the “in” or “out” result, Spain will still be there as a better place to retire, boosted by its lower cost of living and Brit-friendly population. They also reckon there will always be cheap flights for emergencies or recreation. Top place for retirement is the Costa del Sol >>with a wide selection of bank-owned bargains and offplan apartments from developers.
Data compiled by Quick Move Now from Google searches to coincide with Silver Surfers’ Day, reveals that online searches for terms relating to moving and retiring to Spain, the “most popular country in the world for British expats to move to for retirement”* have increased significantly in the past 12 months.
Spain favourite retirement destination as Q1 2016 Google search volumes show:
- “Retirement homes in Spain” increased 150% compared to this time last year
- “Retire to Spain from UK” online enquiries up 75% in past 12 months
- “Best places to retire in Spain” double year on year
- “Removals from UK to Spain” had 100% increase
- “Retiring in Spain” saw a 125% increase
- “State pension in Spain” showed 100% increase
Commenting on the survey, Danny Luke, Quick Move Now managing director, said: “The investigation we’ve carried out strongly suggests that Spain is becoming a more attractive proposition for UK downsizers of retirement age once again. Brits already buy more Spanish property than expats from any other country. Our research suggests this trend is likely to continue with more people looking at purchasing property there.
“Unfavourable tax considerations in the UK, combined with low mortgage rates and cheaper property prices in Spain, as well as a weak euro are all plausible reasons that more and more buyers from the UK are seriously considering retirement to Spain.
*According to a recent survey by YouGov for financial services company Retirement Advantage.
About Quick Move Now
Quick Move Now >> is the UK’s largest quick house sale company. Established in 1998, Quick Move Now has bought over 5,000 properties and has an annual turnover of £42 million.