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British Expats In Spain Heading Back To UK



1 February 2010 6,331 views 17 Comments

For many expats living in Spain it appears that the distressed property market, high levels of unemployment in Spain, and the weak pound have combined to shatter many a dream of enjoying the sunshine, culture and traditions of Spain. A recent survey reported that almost 75% of British expats in Spain are considering moving back to the UK.

  • Of the one million Britons living in Spain some 74 per cent revealed that repatriation is now a distinct possibility, according to a study undertaken by Moneycorp.
  • Some 37 per cent of those surveyed admitted that they were already looking into returning to the British Isles.
  • The house market crash has seen the value of homes on the Costa del Sol crash to below 65 per cent their original asking price

British property owners have been hit particulary hard with rental yeilds dropping, and harder to come by, jobs harder to find, and costs going up in real terms for many pensioners.

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