Posted: Tue Sep 7, 2021 11:53am
Brits have stopped buying as they did, but there are many other reasons other than squatters, most new buyers have no idea about that problem. One being the 90 in180 day rule which has caused many to have a re-think as many retired people loved to stay out for 4-6 months for the winter, this is no longer possible. Plus all the extra costs for bank accounts, taxes, electricity price hikes and other costs which are significantly rising, will all be a factor. Its not a cheap thing to have a holiday home and Brexit has also caused many not even being able to have the retirement pension amounts to qualify for residency.
There will be a ceiling of new buyers and when some of the older ones die, there will be many homes left with no-one to look after them.
Spain is a lovely but strange country. They really don't care about Uk or other nationals who have invested in Spain. They should, anyone who has had a property for the past 15-20 can clearly see how much we and some other foreign nationals have invested and the infrustructure improvements that have happened due to us buying property, shopping centres, new roads, jobs- many for the Spanish, new business etc. My area is completely changed since 2002.