The average age of Costa del Sol property buyers is getting younger. This follows Brexit concerns sparking worries about uncertainty in the UK housing market and residency abroad.
Costa del Sol property buyers’ average age getting younger
The Costa del Sol’s healthy climate, low property prices, delicious food and laid-back lifestyle have long been a draw for British retirees. However, it seems the secret’s out â€“ a younger crowd is looking to buy here, too. According to Lucas Fox, more and more young families are moving to the area, especially Marbella. Key attractions include, again, the low cost of living, excellent infrastructure and the multinational environment for entrepreneurs. Parents also enjoy the wide range of international schooling options on offer throughout the region.
Not only that, but we’re seeing a big push of Costa del Sol buers wanting to purchase before Brexit. This way, they’re more or less assured of a five-year residency following the transition period. It also gives them potentially more certainty that the UK housing market, which could have a rocky period ahead. As if that wasn’t a good enough reason to buy, prices are rising.
REPOSTED fromÂ Propertyguides.com
Survey Spain, is an independent Chartered Surveying practice that offers a comprehensive range of professional property services.