STRESSED? MOVE TO SPAIN
A recent report uncovered some very interesting facts and demonstrated that UK residents who are now living and working in Spain lead more satisfying lives, incurring much less stress and a lot more free time, despite the fact that they may work longer hours than they did in the UK.
The survey commissioned by the Spanish property developer Lar Sol, indicated that many Britons found the process of purchasing of a house on the different Spanish Costas 'much easier' than in UK, particularly for investors. In addition it also found that over 50 per cent of property buyers who had invested in property in Spain would reinvest their profit in Spain.
An employee of Lar Sol, Katy Katani, explains that, "Spain's economy is booming, growing at twice the rate of its European neighbours. This surge has been fuelled by low interest rates and an unprecedented demand for property. The government is taking several steps to ensure this continues, by introducing cuts in income tax and corporate tax, by planning to reduce the number of tax bands on Spanish property and to eradicate income taxes on mortgages. When you consider these new measures alongside the obvious lifestyle reasons for moving to Spain. Its climate, lower of cost of living, better quality of life, it is not surprising that so many people are choosing to leave the UK to live and work in Spain."
As you might imagine, the UK is in terrible danger of losing its best entrepreneurs to places like Spain, as quoted in the report. An ever increasing number of UK citizens are actively relocating to Spain to set up their own businesses or to find work. In the past year, 30,346 British citizens signed work contracts in Spain and Spain continues to be the most popular place for Britons to move to. Research highlights that Spain is always the first option for 1 in 3 Britons planning to buy a home or move abroad this year. A large proportion of these people are expected to set up successful businesses in Spain, fuelling further growth in the Spanish economy.
Katy continues to say, "British people like to buy from British people and as more and more Britons move to Spain, they are creating a sustainable network of potential clients for British businesspeople. The problem from a UK point of view is that while so many Britons are enjoying huge success in Spain, the UK is at risk of losing some of its best entrepreneurs as they seek a more satisfying life in the sun."
The Lar Sol's survey and report was carried out by Hamilton Research talking to 394 Britons who already own or are considering buying a property on the Costa del Sol.
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