After waking up to the news that the UK is to leave the EU, (a process that will take 2-3 years to fully complete) it is inevitable that some people considering a move to Spain, or indeed to purchase a holiday home, feel nervous. Our view is this; NOW IS THE TIME! Why? Well as the months go on it is likely Spain will commence work and implementation of its own legislation to deal with new applications for people wishing to move here. It is possible they could introduce a points system such as Australia where your entry is assessed based on skills, wealth and assets. For sure, it will be much much harder for new people to enter Spain as residents or holiday home owners in the coming year and beyond.
Secondly, the Euro rate has not altered much today but with economic uncertainty in the UK it is likely to fall meaning you will get less Euros for your Pound.
So what should you do? Well our advice is this:
If you are in the process of moving to Spain – carry on!
If you were thinking of moving to Spain – do it – but do it now!
If you are renting in Spain currently and want to buy a house – do it now!
We can help you every step of the way with advice, guidance and securing a mortgage quickly. Our network of high level contacts in banks give us the edge. We have been supplying mortgages here for 15 years and speak Spanish and English. Give us a call or drop us a note to see how we can help, but do it today!