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Friday, April 28, 2017

Weak pound melts the British dream of a place in the sun

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Demand from Britons for holiday homes in Spain and Greece has fallen sharply as Brexit uncertainty and the fall in sterling drive house hunters away

Brits abroad? Not so many it seems. Uncertainty about the future of Britain in Europe and the fall in the value of the pound are taking their toll on the number of UK buyers investing in a little place in the Mediterranean sun.

A report by Spain’s Association of Land and Commercial Registrars last week revealed British demand for second homes in Spain is down nearly 30% on last year’s pre-referendum levels.

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April 28, 2017 at 09:39PM

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from Stephen Burgen in Barcelona and Helena Smith in Athens

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