Buying second home Spain: Feeling the cold? Time to set up shop in southern Spain
Spain’s new digital nomad visa could see flood of Brits heading to warmer climes
As the temperatures start to plunge in the UK, agents might be forgiven for thinking about setting up a field office in southern Spain.
And there would be good reason – Spain’s much-anticipated digital nomad visa could be introduced in early 2023, triggering another flood of Brits to the country.
The draft proposal provides non-EU citizens with the chance to live in Spain for up to five years while working freelance or as a contracted employee of a company outside Spain.
It is also believed that the visa will deliver a tax rate of 15% for digital nomads, instead of the usual 24%.
While digital nomads await confirmation of the visa’s implementation, energy nomads are also eyeing up Spain. Between the cost of energy in the UK and the potential for supply problems over the winter, escaping to the warmth of Spain is even more appealing than usual.
“We have already seen an increase in the number of people buying second homes in Spain and then using them for work. Buyers are also staying in their properties for longer than they did pre-pandemic,” said Sales and Marketing Director of Taylor Wimpey España.
“We anticipate that this will increase as both digital nomads and energy nomads head to Spain to wait out the winter in the warm.”
AVERAGE WINTER TEMPERATURES OF 12ºC
The Costa del Sol enjoys average temperatures of 12-13°C between December and February, while the abundant sunshine (averaging five hours per day in December and January, before jumping to seven hours per day in February) provides plenty of scope for harnessing solar power.
Taylor Wimpey España has been installing solar thermal panels on its developments along the Costa del Sol for years. They harness the sun’s energy to provide hot water, lowering energy bills for homeowners and reducing reliance on supply from the grid.
The company’s latest resort is Solana Village, at La Cala Golf in Malaga. The first phase of the development will deliver a mix of apartments, penthouses and duplexes with different finishes, within a common architectural concept that slots beautifully into the gently rolling greenery of its surroundings.
East-facing homes, which are priced from €295,000 (£252,650) plus VAT, will deliver views of Solana Village’s communal gardens pools, as well as the golf course beyond. South-facing homes, meanwhile, will deliver front-line golf views, with prices starting from €370,000 (£316,922) plus VAT.
Demand is so strong that three-bedroom townhouses at another Taylor Wimpey España development – Natura – are now fully sold out. Details of a new development will be revealed early in 2023.
“The lifestyle of the Costa del Sol provides a wealth of opportunities for keeping physically fit, while the warm winter weather and stunning scenery can also do much for mental wellness. Combined with factors such as the increase in remote working and the ongoing energy crisis, we’re anticipating a busy winter here in southern Spain,” added.