Brits quitting Spain in their THOUSANDS over Brexit fears and exchange rates

8
BENIDORM: Resort has reported its worst summer in nearly a decade. Photo credits: Shutterstock

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.

8 COMMENTS

  1. I think there´s a lot of unnecessary fearmongering but also Spain is getting greedy and taking actions that are bound to send tourists elsewhere. On the Costa del Sol it is normal for cigarettes and drinks to be increased in price every summer, while the lovely toll road operators increase their ever swelling coffers by putting up the tolls over the summer. These people really need to wrk out what side their bread is buttered and stop ripping people off

  2. I dont think it has much to do with BREXIT. Just a few weeks ago the press was saying the property market was booming in Spain with the UK the largest market for buyers. We live near Malaga and the only people we see leaving is because they come down here with unrealistic dreams of an easy life only to find out jobs are hard to get and good paying jobs are impossible. Everything is blamed on BREXIT when it hasn’t even happened, OK the pound is weaker but for those of us who have been here for awhile the pound has been much weaker than now.

  3. I don’t know where you get your headline. Here we have an increase in Brits. As for comparing the state of things back in 2007 just when the ‘crisis’ was about to hit so the figures are skewed.

  4. I run a removals company and I am moving so many people from UK back to the home countries such as mechanics nurses doctors and many other professions and and many English people are running away from brexit Land UK as they didn’t see that country a nice country where they were born. I am scratching around for work to go back to UK

  5. If the house prices in the UK hadn’t gone up so much and the ones in Spain hadn’t gone down, I’d be heading back to the UK too but I can’t afford it now. It’s maybe not so bad for the people who have work in Spain because their wages are paid in Euros. A lot of the UK pensioners I’ve spoken with tell me that their incomes (which originate in £ sterling) have halved over the last 12 years – due to the low interest rates on savings and the fall in the value of the pound. It’d the older people who feel trapped that I feel sorry for.

  6. There has been so much scare mongering re Brexit but I personally think it only comes via people who have a vested interest in staying in the EU. Don’t forget Great Britain was great before the EU ever existed and it will be great again. All this talk of expats suffering is rediculous. Spain will not cut off its nose to spite its face, nor will any other country that relies on the UK. It is a well known fact that the EU countries need the UK more that the UK needs them. We fort two world wars against control and freedom. Why now let all that go for nothing. Take our country back now..

    • Do you know what the “great” in Great Britain actually means? From your comments, I’ll assume you don’t. Can you also tell me why the EU needs the UK more than the UK need the EU?

  7. It is a good headline, but I am sure all the people leaving have different reasons for doing so, old age health issues, financial ones too. Remember before the referendum vote the pound against the euro was 1.40, now it is around 1.10, so people selling up have benefitted. Interest rates have been low because of the financial crisis in 2008, nothing to do with Brexit

LEAVE A COMMENT

Please enter your comment!
Please enter your name here