Young Flock To Spain
The image of the Britishdominated Costas in the south of Spain being filled with retirees who have fled the rain and winds of the UK for what we might call an Indian Summer in the autumn of their years is showing signs of disappearing for good. New research from Banco Halifax Hispania shows that young people are flocking to the Iberian peninsular in ever increasing numbers in search of a property overseas.
Of the people quizzed by the recent survey the vast majority who were looking for a property abroad were under retirement age and 68 per cent of those who wanted to live in Spain were under 65 years of age. At the same time of those respondents who had already bought a property in the country 50 per cent were under the age of 35.
This points to a shift in perceptions of the country as well as in how agents and developers are attracting buyers and residents to the country. It also reflects on how these buyers will influence Spain in the future. Younger generations are more likely to integrate into Spanish communities and may encourage their children to learn Spanish from an early age. Or be forced to as their children may have to go to school here.
Halifax Head of European Operations Ian Smith commented It has long been assumed that only the older generation is buying property in Spain but this is far from the case as it is also proving to be a popular location amongst younger age groups.
About the writer:nbsp;nbsp;Montes de Malaga Real Estate have village houses fincas and cortijos villas bed and breakfast businesses rural hotels restaurants and other Spanish property for sale in Andalucia Spain.
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