We are seeing a surge in requests for finance from international clients who are buying in Spain.
During lock-down, we heard about an upswing in overseas buyers showing an interest in buying abroad – particularly in France, Portugal and of course Spain. It was reported that the figures were up 33% in May 2020 compared to the previous year.
What we have noticed.
Here at Mortgage Matters, we are experiencing an increased surge in enquiries from overseas buyers – mainly British, Dutch, German, French, in fact from all European countries. A vast amount of enquiries are currently for finance to purchase a second family home, with a long term view to becoming a retirement property. Many are also looking to relocate with their families and start a new life overseas.
Why the change?
What can we put this down to? As people become used to working from home, they realise they can not only from their home country but anywhere that offer their family a better quality of life. Relocating permanently to enable working remotely with perhaps travelling back for face-to-face office meetings either once or twice a month. This lifestyle choice has become a new reality, some have even gone as far as to call it the New Industrial Revolution.
Is this a turning point for the office?
Times are changing, it is said that one in three jobs in Europe these days can be done remotely, specifically in sectors such as finance, technology and administrative services. There is a great deal to be said for the advantages between leaving work on a dark winter’s evening, and heading home on an hour’s commute, versus switching off the computer and moving outside by the pool with a glass of wine!
Thinking of relocating?
In the meantime, we are delighted to continue to deal with our international clients, who are keen for a lifestyle change and assist them with the process of finance and getting them through to completion.
If you need help with your property purchase finance, please do give us a call us on +34 951 120072.
Have a good week and stay safe!