Torcal Estates Fincas and Country property - Málaga, Spain

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News - August 2010

A new report shows that 6 out of 10 Brits want to retire abroad

For many of us that have made the move from the UK, this will come as no surprise but a new survey by Aon has found that 60% of Britons would like to escape the UK in their retirement years.

Spain has retained its popularity with the British with nearly one in four (23%) confirming that Spain would be their destination of choice.

Interestingly, the Spanish are quite happy to retire in their own country – 87% of Spaniards said they had no intention of leaving their shores to retire.

It seems that cheap air travel, the ease of communications, the Internet and the cultural and weather benefits all play a part in attracting retirees. The spread of availability of the Internet has made communication with friends and family much easier even in the more isolated parts of Spain.

Facilities such as Skype and Web Cams make keeping in touch with grand children and friends cheap and easy. Even online banking means that a retirement home abroad is easier than ever nowadays.

With property prices having come down by 30% over the last couple of years, the cost of buying a home in Spain has dropped significantly and with the improving exchange rate, sales are starting to pick up across the board.

Spain has always been a popular destination for retirees and this report confirms that in 2010 that hasn’t changed one bit.

The “Obama Effect” hits Marbella

The visit of the First Lady Michelle Obama to the most famous resort along the Costa del Sol has prompted a huge swathe of positive publicity for the stricken town.

Having most recently been targeted by journalists covering the corruption cases and the illegality of housing in the area, the Obama visit is finally turning the tide in favour of the oldest holiday hotspot on the coast.

Newspaper, TV and radio coverage has seen world wide interest in the visit and the headlines keep coming – given the choice that the family has in terms of destinations, it is interesting to ponder just why the Spanish Costa’s were chosen.

Having now got its PGOU approved by the Junta de Andalucia, Marbella can now move forward in terms of its housing policy and is attempting to deal with the numerous cases of “illegally” built properties. Whilst this is going to take many years to sort out, the approval of the PGOU is a great start to the whole process.

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