Brexit not putting off Brits from buying Spanish property and moving to Spain
The General Election result in the UK saw the Conservatives lose their House of Commons majority but unexpectedly gain valuable parliamentary seats in Scotland which has brought the second independent referendum in Scotland to a thundering halt and inadvertently saved the United Kingdom from breaking up.
The unexpected election result means that Theresa May has had to adopt a more collaborative and diplomatic approach to the Brexit negotiations and balance the interests of the Remainers and Brexiteers.
The negotiations for the United Kingdom to leave the European Union have commenced but it is still too early to tell what the final result will be and when the UK will indeed leave the European Union. Mrs May’s Florence speech at least provided some oxygen to the negotiations in that there will be a minimum transition period of 2 years after 19 March 2019 thus avoiding a cliff hanging abrupt departure from the common market, customs union and freedom of movement of people. This announcement has been warmly welcomed by business and the European Union.
Many expats in Spain remain concerned about their health rights and pensions increasing in line with UK pensioners’ pensions after Brexit. Both issues have been discussed and it has provisionally been agreed that EU citizens living in the UK before the UK’s departure from the EU will continue to enjoy the same rights as they have enjoyed to date. This will be reciprocated for British expats living in the EU.
Not really a Brexit issue but a concern for expats moving to the EU, the Government has confirmed that British pensioners living in the European Union shall continue to see their pensions increase in line with pensions for those retirees living in the UK which is welcome news. This is not the same for expats retiring to the USA or -TAG- who do not see their pensions increase in line with British pensions.
During our travels to London and Birmingham to attend the A Place in the Sun Live Exhibitions we have talked to and listened to many people about their dream move to Spain. The message that we keep on receiving from clients is that Brexit has not put people off from moving to Spain and that they still intend to move to Spain.
The team at My Lawyer in Spain are here to help people buy property in Spain and advise them on their Spanish property purchase, or with their dream move to Spain. For free advice about buying Spanish property or moving to Spain call 0845 508 2395.
