‘Mallorca Here We Come’ – Home British Workers The best home Omigron Escape Personal Homes in Spain

Despite Britain leaving the EU, the British still want to buy foreign assets, according to the latest figures from builder Taylor Wimpe Spain.

Some are buying second homes, but a growing number are looking for a full-time residence, which allows them to work long distances in the sun. The island of Mallorca is a popular destination.

Mark Tritchard, director of sales and marketing for Taylor Wimpe Spain, said the apartments and duplexes were selling faster than before the government epidemic at their Icod development in Chess Salines.

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That growth is already exhausted, but the demand for villas in Las Villas de Dalt de Sa Rapita II is strong, with prices starting at € 635,000 (539,000) and VAT.

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Many British buyers are looking for quiet, traditional properties that they enjoy living in year-round, Britchard said.

“Some are still looking for second homes, but a growing number prefer full-time residences where they can work remotely.”

Kovit said that location was more important than ever. “People prefer properties with flexible space because many will be working from home.”

Despite the imposition of new epidemic restrictions, including travel, demand is “incredibly strong,” Pritchard said.

Buyers can also find two-bedroom apartments in Cala D’Or in the southeast of Mallorca for 25,256,000 and VAT.

Foreign property portal Kyero.com has reported a recorded interest in Portuguese and Spanish assets as the UK seeks to relocate our rainforests to the Mediterranean.

Read more: Brexit Live: Frost comes out with the last straw with ‘Govit Plan B’

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Founder Louis Dale says that as the cost of living rises, many are fulfilling their dreams of moving to Europe to avoid the winter of British discontent.

Brexit has made it difficult to obtain EU residency, but British buyers are refusing to give up.

After the UK left the EU on January 1, 2021, British citizens became third country citizens and could not spend more than 90 days in any of the 180 days within the EU’s infinite Schengen space.

Staying in it for a long time can be challenging, but Del Brits said you can apply for something called a lucrative residency visa.

This allows citizens from outside the EU to reside in Spain and not perform any economic or professional function while they are there.

Alternatively, Brits can apply for a Golden Visa, but only if they can buy Spanish property for a minimum of € 500,000 (£ 425,000).

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This reopens the entire Schengen area to them.

Similarly, the Portuguese D7 visa, also known as a pension visa or passive income visa, allows non-EU citizens to apply for residency if they have a reasonable net regular income from their pensions and investments.

Portugal also implements the Golden Visa scheme for buyers of assets worth at least 500,000.

Britons who want to go to the EU must show that they and their dependents have sufficient income to avoid being a burden to the state.

Portugal requires Britons to have sufficient income for their national minimum wage, currently € 7,980 per person (6,838 per year) and € 11,970 (£ 10,250) per couple.

However, the rules are strict in Spain, the hotspot for retirement, which requires நப 23,578 per year for singles and £ 29,473 per couple.

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