Kwame wrote on Sun Jan 3, 2021 4:58pm:
We are in similar positions my wife is retired and my intention is to retire in 4 yrs time, however, due to the nature of my job I can work from anywhere in Europe. Our intention was to move to Spain in 2023 permanently working from there with intention of finishing work in 2025.
Currently we have a couple of investment properties in Spain, however, due to the current situation unless the present circumstances change we’ll probably dispose of a property in Spain and buy something in Cyprus were there are no restrictions on non EU citizens.
We’ll have to give ...Read more...
...it a lot of consideration as really do not need all this hassle during our retirement years. Here lies our dilemma.
Everyone will make their own investment and retirement decisions. I recall when I bought my first property in Spain my father asked me if I was sure I wanted to buy a property that was OUTSIDE the EU!
How times change....
I think that Spain will remain popular as it always has been. The main downside is for people who have been used to, or want in the future to winter for 5/6 months in a block.
Flights to Spain remain short (my last one from Birmingham had a tail wind and was less than 2 hrs 30). Carriers will still operate with reasonable prices once it settles back, and the demand for a cheap short haul holiday to Spain will be strong once people adjust to the new paperwork required.
There was an upswing of EU buyers in Spain in the last 5 years and I'm sure that swallows from Scandinavia and the northern EU countries will eventually take up whatever slack UK owners leave behind. Ironically they will benefit from the property price drops that the market will see in some locations.