Property in Spain

Neither a weak currency nor Brexit seem to deter Brits from dreaming of buying their property in Spain. According to removal company AnyVan, Spain is the number one desired destination for British expats, beating such places as Australia, New Zealand, Canada and Dubai.

 

AnyVan poll

In a new poll carried out by removal company AnyVan, people in the UK were asked where they would like to live if they could choose anywhere in the world. 13% of Brits said they would choose Spain, while a 12% said they would equally prefer New Zealand or Australia. Other popular places were the US (10%), Canada (9%), Italy (7%) and France (6%). The CEO of AnyVan, Angus Elphinstone, said: "It's nearly a national sport in the UK to dream about moving. From flicking through property prices and listings on Rightmove to sitting down to watch one of the vast number of primetime TV shows offering advice to those looking to change homes for a place in the sun. Our research highlighted where people dream to move to, but there were still 16% of residents who didn't want to move anywhere."

The research demonstrated the differences between ages, as younger people looked for career opportunities in wealthier and bigger countries, where they can work and live comfortably. For example, those under the age of 34 were attracted to the US, with 16% admitting the US was their favourite, followed by Australia and Spain. Dubai was also a favourite among the young, as 4% wanted to move to the Middle East. On the other hand, those over the age of 55, dreamt of moving to New Zealand (14%).

 

Spain: the UK favourite

It's not just because of the sunny Barcelona or Madrid, the flamenco, bullfights and paella. Spain is so much more for Brits and offers everything they could wish for away from home. It's a stunning destination, with a lively culture. But it has also started to improve economically, with youth unemployment being down to 33 percent from over 50 percent in 2013. This is a place where both the young and the old will get to enjoy a rich lifestyle, without feeling isolated or far away from home.

 

Buying property in Spain is not such a bad idea

Brexit uncertainty might not be a defining factor when choosing to move abroad, but it can definitely hurt your finances when transferring large sums of money. It is not surprising that many economists and business professionals are warning that a no-deal Brexit will make things even worse, as the price of the pound could plummet, while many businesses could be under threat. The pound is currently down, especially due to fears of a hard Brexit and because of Boris Johnson, the frontrunner to replace May, who has said that Britain could leave the EU without a deal at the end of October.

If you are enthralled by Spain and its people, and want to move there, Universal Partners FX can help you with your international transfers and explain the process of moving funds or making regular payments when buying a property abroad. UPFX operates with no hidden fees and ensures that multiple international payments are more cost-effective. With their comprehensive hedging strategies, you can get a level of financial stability and security. Their unparalleled customer service means that you can get hold of them at any time, and they will make sure that your money will get where it needs to be within 24 hours.

If you would like to learn more or want to just understand how currency experts can save you money, give them a call today.