Golden Visa – BRITONS facing yet another grim Christmas lockdown are buying Spanish properties to escape Omicron misery and work from home in the sun.
Sun-starved Brits are desperate to buy second homes in European hotspots, as winter turns cold and energy bills go through the roof. Others plan to retire in the sun despite Brexit restrictions, buying homes to take advantage of the Spanish and Portuguese Golden Visa schemes.
Brits are still looking to buy overseas properties even though the UK has left the EU, latest figures from builder Taylor Wimpey España show.
Some are buying second homes, but a growing number are seeking full-time residency, which will allow them to work remotely in the sun. The island of Mallorca is a popular destination.
Taylor Wimpey España’s sales and marketing director said apartments and duplexes in its Ikat development in the town of Ses Salines sold faster than before the Covid pandemic.
That development has now sold out but demand is strong for villas at Las Villas de Dalt de Sa Rapita II, where prices start from €635,000 (£539,000) plus VAT.
Many British buyers are also looking for quiet, traditional properties that they are happy to live in year round, he said.
“Some people are still after second homes, but a growing number want full-time residences from which they can work remotely.”
He said location is more important than ever since Covid. “People are also want a property with flexible space, as so many will be working from home.”
Pritchard said demand remains “incredibly strong” even as new pandemic restrictions are imposed, including on travel.
Buyers can also find two-bedroom apartments Cala D’Or on Mallorca’s south-eastern cost starting from €256,000 plus VAT.
Overseas property portal Kyero.com has also reported record interest in Portuguese and Spanish property, as Britons seek to swap our rainy shores for the Mediterranean.