From April 2015 UK residents who are aged 55 and over have an option to draw down from their pension fund releasing resources for investment or other purposes (with certain conditions). One choice maybe to purchase a home in the Costa Del Sol. Spain is seeing a renewed confidence from buyers not just in the UK but from all over Northern and Eastern Europe.
There have been a record number of visitors to Spanish airports in the month of October with a staggering 19.12 million passengers. That figure is up almost 8% on the same month in 2014. A public works minister said the total of 180 million in the first ten months of the year is also up 5.4% on 2014 and is heading to a total of over 200 million for the year. In a world of weather uncertainty it seems that Southern Spain has been spared the wrath of nature or other factors and consistently provided the 300 plus, days of sunshine. This brings a vast amount of winter tourists to the area and seat reservations this winter are also up 11.7% on last year. All in all it’s a great reason to own property in Spain. They all have to stay somewhere!