Saturday, Nov 11, 2006

Re-pats putting more pressure on housing?

thisismoney: We don't love Spain any more

Britain's long property love-affair with Spain is going cold. UK nationals who emigrated with dreams of a carefree retirement are returning home in increasing numbers. And a leading mortgage business says the country is no longer at the top of the list for families seeking holiday homes or buy-to-let properties.

Posted by uncle chris @ 09:34 AM (405 views)
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3 Comments

1. little professor said...

Interesting piece on PM on Radio 4 yesterday - apparently 70% of under 35s still live at home with their parents, due to the high cost of houses in Spain. Prices have risen by 400% in 5 years. There've been street protests and riots.

Saturday, November 11, 2006 12:13PM Report Comment
 

2. Surfgatinho said...

I bet a fair few of these 're-pats' will be priced out when they return to the UK. Sold their council houses back in '97, bought a villa in Spain 10 years spending the change - I doubt there would be much in the UK for the price of a cheap villa these days, if they can actually sell it in the first place

Saturday, November 11, 2006 07:29PM Report Comment
 

3. indiablue19 said...

Surfgatinho....

Those returning aren't only priced out if they're selling cheap villas either; we cashed in our chips in Spain a few years ago on a five bedroom, four bath golf course home with amazing Med views, and at the height of a bidding war for properties in the subdivision where we lived. Having more than doubled our investment in a year, it was STILL impossible to find anything to buy in the UK when we got back.

Monday, November 13, 2006 11:27AM Report Comment
 

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