Since the topic of the EU referendum has been in the news, we’ve had a lot of our long term rental tenants on the Costa del Sol concerned about how it would affect them if the UK did choose to leave the EU. There were fears that we’d all have to return to the UK or become illegal immigrants! So we were really pleased to read an article in the Telegraph at the end of June that these fears were not grounded in legal fact.
The article states that in the case that the UK did leave the EU, British expats would be protected by the Vienna Convention, which means that people living in an EU country before any exit would have “acquired right” to remain in Spain legally, as when they moved this was sanctioned by law and the “the EU’s freedom of movement rights would be honoured for all those citizens who reside in other EEA nations prior to any Treaty changes”. Read the full article here So the 55,000+ British expats living in the Malaga province can relax and enjoy the great lifestyle on the Costa del Sol without worrying about what may happen in the referendum.
Another concern which we are seeing is the impact of the crisis in Greece on Spain, commentators have said that if they leave the EU then it could be a signal to Spain, Portugal and Italy that they could leave too, but with Spain having adopted the austerity measures and now coming out of crisis, there is little suggestion that they would really want to come out of the EU. In fact the signs for the whole economy are excellent, with a recent IMF report predicting that by the end of 2015 growth will be over 3%! This growth and positivity and the improving property market will lead to more jobs and opportunities for people in Spain, so there’s lots of reasons to be cheerful.
In our experience most people relocating to Spain love it so much they never want to leave, but if you’re not sure, then a good move is to rent long term first and then decide your long term future later when you’ve had a chance to try it out for yourselves. You can check out our selection of long term properties in your favourite area by using our click and view interactive map, or if you’re not sure where you want to live don’t worry, our experience team of long term rental specialists can help you find the perfect place.