CaixaBank Research | Spain’s property sector is on the up and up again, as can be seen from the trend in housing purchases over the last two years. These have been rising at double digit rates, fuelled by a recovery in the jobs market combined with favourable financial conditions.
Despite the success of the Brexit vote last June, the indicators show that 2016 has not only not been a bad year, but has been one of the best in terms of bilateral Spanish-UK economic relations. Spanish exports reached record highs, despite the pound’s depreciation. And Spanish companies are committed to maintaining investments in the UK.
Of all the problems thrown up by Brexit, one of most emotionally charged is the impact it will have on foreigners living in the UK and British citizens living abroad. The other evening in Madrid at a forum on the implications of Brexit, I got a glimpse of the strength of feeling that it generates among the British community in Spain (estimated at around 300,000) and the Spanish community in the UK believed to be around 200,000.