NEW figures show a significant increase in the number of young British people considering a move to Spain.
Kyero.com, the online European property platform for UK buyers, says 2020 saw a 446 per cent year-on-year increase in Brits aged 18 to 24 viewing Spanish property on its website.
Martin Dell, founder of Kyero.com said: “A new, younger generation of ‘corona nomads’ are embracing a move to Spain.
“With no office job, mortgage or family responsibilities to tie them down – as well as no prospect of getting on the UK housing ladder – an increasing number of young British people are considering buying property abroad in Spain.
“While we’ve seen increased interest in Spanish properties from younger people of all nationalities over the last year (up 111 per cent in 2020 compared to 2019) it was British interest that really skyrocketed (up 446 per cent), suggesting that Brexit is a key factor.
“Many young people don’t want to lose their freedom of movement across Europe, and by becoming Spanish residents, they re-gain their pre-Brexit rights as EU citizens.
“There is little doubt that coronavirus and higher levels of remote working has driven up interest in property overseas as the dream of moving to Europe becomes a realistic possibility. And it also appears that many young people disillusioned by Brexit are searching for a European lifestyle in the sun.”
Another trend that Kyero has identified coronavirus as having on the Spanish property market is a change in the types of locations becoming more popular for overseas buyers.
Mr Dell added: “Because of the surge in remote working, people can often base themselves anywhere for longer periods these days, making more remote and often cheaper areas of Spain increasingly viable – and therefore popular – options. Combined with Spain’s already affordable property prices, it’s a very attractive option for young UK buyers.”
Spain remains a popular destination for many UK buyers. With fast internet, a network of high speed trains and the ability to work remotely these are some of the locations now opening up to young digital nomads in Spain:
1. Alcaudete, Jean
The traditional town of Alcaudete in the Andalucia region has seen a six-fold increase in property enquiries over the last year. Located around two hours inland from the tourist hotspots on the south coast, historic features, affordable property and a friendly small town atmosphere make it an appealing option.
2. Deltebre, Catalonia
Two hours’ drive from both Barcelona and Valencia, property in Deltebre has seen a 135 per cent increased number of property enquiries in 2020. Positioned on the Balearic coast, it has good transport links, but is off the beaten path for many.
3. Jerez De La Frontera, Cadiz
Laid back city famous for its sherry bodegas and incredible tapas bars (which double as great sociable spots to work from). Situated 30 mins from the historic port of Cadiz and the Costa de la Luz, it’s one of the hottest spots in Europe with 3,000 hours of sunshine per year. Property in the area saw a 70 per cent increase in enquiries in 2020.