Brexit boltholes: where and how to find a solid investment in Europe
Tourist numbers in Spain hit almost 82m last year, making it the world’s second most visited country (after France). And the best Spanish holiday lets are seeing 100% occupancy in high season, according to the Property Finders. “It’s all about the weak pound,” says the buying agency’s founder, Barbara Wood. “Things could change in sterling’s favour if there is renewed eurozone instability, which most analysts consider a cast-iron certainty some time soon.”
The housebuilder Taylor Wimpey España says Britons now constitute 35% of its market on the Costa del Sol, compared with 50% before Brexit — but they are spending more than before. “Most now have budgets of €450,000 or more, which is our upper end,” says its managing director, Javier Ballester.
The firm is launching projects in Ibiza, as well as in Moraira and Javea, on the Costa Blanca, and Marbella and La Cala, on the Costa del Sol. Beachfront apartments in La Vila Paradis, in the Costa Blanca town of Villajoyosa, start at €269,000 (taylorwimpeyspain.com).