THOUSANDS of expatriates are heading home to the UK amid Brexit fears and poor exchange rates.
Fearing an uncertain future relationship between the UK and Europe, Britons appear to be packing up and heading home.
Before the financial crash, Brits are said to have accounted for up to a fifth of all foreigners living in Benidorm.
But last year there were just short of 3,000 there, down from an estimated 5,000 in 2007.
Almost 5,000 more left the Balearic islands of Mallorca, Ibiza and Menorca – a quarter of them in the last year alone, according to government statistics.
The islands were home to 19,803 Brits in 2007, and just 14,981 last year – down from 16,134 the year before.
Speaking to an international newspaper, a former resident of Mallorca said that ‘several people have left because of the fall in the pound’, adding there may also be concerns ‘that the final Brexit regulations could impact badly on their lives’.
Others claim all-inclusive resorts are badly affecting turnover for shops and bars, many run by British who have settled there.
Benidorm has reported its worst summer in nearly a decade as tourists turn to Turkey, Tunisia and Egypt.