Data from the Office of National Statistics (ONS) has revealed that Spain is home to more UK expats aged 65 or over than the UK is home to Spanish citizens.
The number of British elderly living in Spain has doubled in a decade having reached now 121,000 and with the majority of UK expats relocating to Spain for retirement, there is a steady increase in British expats receiving their state pension upon Spanish shores.
“When it comes to who is moving and living in Spain, over the last decade we have witnessed the marked growth of those of retirement age choosing to relocate. We now receive more the double the number of enquiries from this demographic than we did 10 years ago, a trend which the ONS data also reflects.”
Marc Pritchard, Sales & Marketing Manager, Taylor Wimpey España
Concerns about the freeze of state pension post-Brexit have also been wiped out as the government has stated that British pensioners abroad will continue to have their state pension increase.
And with Pension Awareness Day fast approaching, interest from British pensioners to relocate in Spain is believed by many not to slow down in the near future with many UK pensioners retire in Spain. In 2016, 40% of the 300,000 British citizens living in Spain were retired, according to ONS figures.
Leading Spanish homebuilder Taylor Wimpey España, which offers a range of second homes on Mallorca, the Costa Blanca and Costa del Sol, has also seen an increase in the number of UK buyers aged 50 – 65 years old.
“The majority of British buyers we welcome here to Spain are aged 50 – 65 years old; those who are lucky enough to have retired early but more often than not, those thinking ahead and planning for their silver years in the Spanish sun.”
Marc Pritchard, Sales & Marketing Manager, Taylor Wimpey España
In Costa del Sol, where half of Taylor Wimpey España’s clients are from the UK, golf complex development Horizon Golf receives particular interest from older buyers.
Located just 30 minutes from Malaga airport, ease of access from the UK is a big draw as well as the development’s extensive on site amenities including spa, hotel and golf course which offer both the amenities and community aspects that buyers looking to relocate for retirement are often seeking.
“In response to demand from UK buyers looking for retirement properties, we are delighted to present our latest residential golf project on the Costa del Sol. Horizon Golf has the perfect environment for retirees as it offers a spa, hotel and golf course all close to the residential area. We see in FBD Hotel & Resorts a strategic partner and the signing of our fourth collaboration is further evidence of renewed confidence in the real estate market in southern Spain. “
Javier Ballester CEO at Taylor Wimpey Spain
The new Horizon Golf complex is comprised of 2 and 3 bedroom terraced apartments and 3 bedroom homes which boast breathtaking views over the famous Campo Asia golf course. Price start from £380,000 (€410,000) + VAT.
