Jul
05
Brexit May Shatter British Dream of a Home in Spanish Sun
By-
Sales volumes in expat summer hotspots could drop by up to 20%
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Brits are biggest foreign buyers of holiday homes in Spain
Londoner Joanne Connor may sell her holiday home in southern Spain as a falling currency drives up the cost in pounds of her household bills and mortgage payments following the U.K.’s decision to leave the European Union.
“The cost of living in Spain has shot up for us overnight,” the 39-year-old mother of two from London said in a phone interview. “If the pound stays this low or continues to drop, we will end up having to sell.”…
Brexit May Shatter British Dream of a Home in Spanish Sun
