That article is misleading. There’s no indication of what the couple paid for that villa in 1999. It appears that the €250,000 was their asking-price and they somehow consider it a loss that they got less.
Also, the article repeats the ‘fact’ that 90,000 ‘Britons’ have left Spain. 90,000 fewer have registered in Spain, which could be due to tax law changes. But do we really know that they’ve left Spain?
Correct Gary – I am sure there are many who will return as Non Resident owners or will return when they have secured the hard earned equity in their UK homes, I think Mark should write an article to dispel this gloom.
A lot of Brits who leave Spain initially retired there in their 50’s and 60’s, and it’s well known that many return to Blighty later on in life for family reasons, ie they miss children and grandchildren, plus others want nursing home accommodation in the UK.
We are visiting friends near Malaga later this month, and they’ve noticed that several British they rely on for building jobs in particular have also returned because they can’t find enough work now to finance their lifestyle since they don’t receive pensions, and it is this group which has seen larger numbers return for work. However several have not sold their Spanish properties yet, if they recoup monies in UK they will return to Spain, but if things don’t work out then they intend to sell. They are forced to go back but are keeping their options open also 🙄
This website uses cookies to improve your experience. If you continue to use the website you agree to our use of cookies. You can find out more here. Accept
Cookies
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.