THE UK’s decision to leave the EU has consequences for the Spanish property market, however it is not the end of the British buyers. In fact, UK internet searches to move abroad have increased by 30 per cent since the shock EU referendum result, with Spain in the top three countries of online searches.
British buyers are important to Spain. They make up approximately 21 per cent of foreign house sales, around 4 per cent of the total national market, and a much higher percentage here on the Costa Blanca. There is no denying that there is a lot of uncertainty and hesitation in the market currently, with many potential buyers adopting a ‘wait and see’ policy. However what is certain is that British buyers have the same rights today as they had pre-Brexit, and will retain those rights for some years to come.
The UK’s divorce from the EU cannot begin until Article 50 is triggered, and this is currently scheduled for October 2016. The referendum was ‘non-binding,’ meaning it is up to British politicians to decide what Brexit will look like and when it might happen.
We’re likely to see years of mind numbingly dull negotiation before anything further happens. In the meantime motivated buyers are not putting their dreams and lives on hold with a surge in enquiries at Vista Casas estate agents in Villamartin Plaza. As a result, this well reputed company are looking for more properties to sell.
Exchange rates and property prices will be the immediate effect on the market. At Vista Casas they work closely with currency experts Currencies Direct to help and advise both buyers and sellers on their currency transfers, and Vista Casas’ experienced and knowledgeable sales staff will advise vendors on realistic pricing levels.
Vista Casas report from their busy and prominent office inside the Villamartin Plaza that they are continuing to sell to the Brits, and are completing sales at the notaries as before. Furthermore, Vista Casas does not depend entirely on the British market. With multi-lingual staff they are very active with the Scandinavian, German, French and Belgian markets too, so if you are looking at selling, your property will be advertised extensively on the internet on major properties portals including Rightmove, A Place in the Sun, Kyero and dedicated overseas property portals and websites.
So if you have a property to sell and want an honest and professional agent with a ‘No-Sale, No-Fee’ policy, transparent commission agreement, prominent office and feedback on your viewings call Vista Casas today on 966 764 114 or call into their office in Villamartin Plaza, behind the BBVA bank.
Vista Casas - Avenida de las Brisas, Urb Villagolf Commercial 27.2 - Villamartin Plaza - Orihuela Costa.
Tel: 966 764 114 - Visit www.vistacasas.com