An increased number of people are looking to upsticks and move abroad as the cost of living crisis worsens in the UK. More and more Brits are now looking escape the rising cost of energy bills, interest rates, petrol and house prices and are instead considering moving overseas to Spain.
New data from Rightmove has revealed that the number of UK buyers contacting estate agents in Spain about properties available jumped by more than a third in April compared to last year, and data from the Land Registry in Spain also shows that the number of British buyer transactions is now at its highest level since 2018.
British buyers continue to be the biggest overseas market for Spain, accounting for 12 per cent of foreign transactions at the beginning of this year, according to Rightmove. The seaside town of Islantilla, Bahia De Marbella in the Costa Del Sol and the town of Vera in Andalusia are each proving to be hotspots for UK homeowners looking to move abroad.
