Wealthy Brits buying luxury villas in exclusive Spanish enclaves despite cost of living crisis

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Wealthy Brits buying luxury villas in exclusive Spanish enclaves despite cost of living crisis
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The cost of living crisis, Brexit and the pandemic have not dampened the enthusiasm among wealthy Britons for buying luxury villas in Spain in this 'super-prime' market, experts say grahamkeeley reports

“Generally, the data says that Britons spent less than other nationalities like the Germans or the Belgians, but in enclaves like Marbella, Ibiza or parts of Mallorca there are Britons buying in the super-prime section of the market.”After Brexit, Britons and other non-EU nationals are only allowed to stay for 90 days within every 180 in Spain and other European states.

The tax cut also applied to Britons who live in Spain for up to six months per year, which can qualify them as tax residents.

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