Last week, data compiled by Quick Move Now revealed that online searches for terms relating to retiring in Spain have increased exponentially in the past 12 months.
The findings were significant. It was revealed that the number of those Googling “retirement homes in Spain” had increased by an enormous 150 percent compared to the figure seen this time in 2015. Another popular search was “retire to Spain from UK” (which saw a 75 percent increase in searches year-on-year) It was also revealed that searches for “best places to retire in Spain” have doubled year-on-year.
It was also revealed that searches for “best places to retire in Spain” have doubled year-on-year.
The research delved into the most popular search terms used by the UK population of retirement age. The findings speak for themselves:
- 150% increase in searches for – ‘Retirement homes in Spain’
- 125% increase in searches for – ‘Retiring in Spain’
- 100% increase in searches for – ‘Removals from UK to Spain’
- 100% increase in searches for – ‘Best places to retire in Spain’
- 100% increase in searches for – ‘State pension in Spain’
- 75% increase in searches for – ‘Retire to Spain from UK’
- 23% increase in searches for – ‘Retiring to Spain’
- 22% increase in searches for – ‘Retiring to Spain from UK’
Additionally, the research revealed that since this time in 2015, there has been an increase of 175 percent in the use of the search term, ‘retiring abroad from the UK’ – which suggests that it isn’t just Spain that’s on the radar of those looking to live out their golden years in the sunshine.
For example, looking further afield, we see that South Africa receives its fair share of interest from retirees. A recent survey conducted by Statistics South Africa found that more than 60 percent of the foreign nationals trying to retire in South Africa hailed from Europe. The study found that of the 680 applications for retired person status in South Africa, 26 percent were issued to United Kingdom nationals.
Brits don’t appear to be being put off their dreams of retiring to Europe by the approaching referendum.
As the evidence suggests, Brits don’t appear to be being put off their dreams of retiring to Europe by the approaching referendum, due to take place on June 23rd. Currently there are 760,000 British residents living in Spain, more than in any other European country. At time of writing, it remains unclear as to what a Brexit would mean for these folks. It has been suggested that by living in Spain these expats will have “acquired rights” that will afford them the same rights post-Brexit as they have currently.
Although many Brits are expressing a desire to retire to Spain, until we know the outcome of June’s vote, it remains unclear as to whether the Spanish market will fully benefit from the increased interest.