Kyero says that it has seen the highest ever volume of traffic to properties in both Spain and Portugal in the first three quarters of this year (Jan-Sept) compared to the same period in any year since it was founded in 2003.
Proving that this is not solely a result of pent-up demand since lockdown last year, the data also shows a 10% increase in enquiries for properties in Spain compared to the same period in 2019 and a 55% increase in enquiries for properties in Portugal.
Louise Dell, founder of Kyero says: “Hot spots in the Med like Spain and Portugal continue to draw a huge and growing level of interest from Brits. Amidst the British winter of discontent - energy bill increases, petrol shortages, unpredictable weather and ongoing Brexit issues - more and more people are setting about making their dreams of moving to Europe a reality.”
Additional data from a survey of over 2,000 people considering moving to Europe shows that 75% of people are interested in moving to Europe for better weather, while 16% of potential buyers are looking for a cheaper cost of living from their move abroad.
Louise adds: “Brexit has been a major driver for many Brits buying property in Europe over the last few years, and while it has had some implications on residency, a significant proportion of European house hunters are buying holiday homes, so demand has not been negatively impacted.”
