avionisto

A thousand UK retirees will provide far more custom to supermarkets, restaurants, pubs and golf courses than one retired UK millionaire. After all, there is only so much food and drink one individual can consume even if their name is Jacob Rees Mogg.

Moses2013

But the retirees will still be there. If property prices drop in typical low cost British areas just means that other retirees can afford to live there. You might not see the couple from Leeds but you will see the couple from Belfast instead.

Rotor

The demographic will change considerably over the next 10 years , I think there will be more Scandinavians , Russians and Germans making a full time move to the costas .

Moses2013

Although from 2018 some interesting info from Idealista:

The British, the only ones who have gone down

By nationality, us British are losing relative weight although there’s still a big difference from other nationalities. The Brexit effect has caused Brits to buy fewer houses than in 2016, with fewer than 9,200 transactions, and a 10% drop compared with the previous year, when they set a record.

This decline in transactions by the British has been offset by the other nationalities, all of which have grown. The French recorded nearly 5,300 purchases and increased their weight to 8.6% of total foreign purchases. They are followed by the Germans (7.7%), with around 4,750 purchases; Belgians (6.4%), with 3,900 operations; and then Swedes (6.3%), Italians (5.7%) and Romanians (5.3%).

The type of house: the greater the purchasing power, the larger the house

While it’s true that, in general, ex-pats also buy used homes, just like Spaniards usually do, there are nationalities that prefer to buy new homes. By numbers, the Belgians are first with 26.6%, followed by Norwegians (23.9%), Swedes (19.6%), Russians (19.3%) and Dutch (18.1%).

If we look at the size, the average property bought by ex-pats is around 60 to 90 m2 (650-950 sq ft), although by nationality we can see that the greater the purchasing power, the more possibilities there are to buy a larger house of more than 100 m2, or 1076 sq ft.

Dutch (48.2%), Danes (46%), Swiss (43.7%), Germans (36.3%), British (36.3%) and Norwegians (35.3%) are the ones who buy the most houses of this size, most of them being second homes or holiday homes on the coast.
Those who buy properties of 60-80 m2 (650-850 sq ft) and 80-100 m2 (850-1076 sq ft) tend to do so as a main residence rather than a second home. Here it is more Romanians, Algerians, Moroccans or Bulgarians who are in the top positions. Then there is another type of smaller touristic property, apartments of less than 40 m2 or 430 sq ft, where Italians, Poles, French and Irish are the ones who buy the most.

Dxf

Hola
I believe you are wrong in that assumption; "Will the last Brit please turn the lights out" is nearer the mark. Yes there will be some EU retirees that will choose Spain, but I don't believe in the same numbers as the Brits leaving.
I am seeing many more Brits returning to the UK than ever; they are not being replaced in a like for like basis; there are people from Madrid, Cordoba and such like cities taking up some of the slack . but for how long?

I don't have the answer but then again, does anybody

Davexf

Fred James

So why are these Brits that you mention leaving? Are they all the “illegals” who cant get residency now, or what?

Dxf

Hola

No these are people who have spent years legally living here - I know things go around in cycles but there is no one reason from what I can see

Davexf

GC44

I was under the impression that a NLV applicant must only prove funds for the first 5 years.

Rotor

You will probably see a mass exodus soon by working people/small business owners, the covid financial support in Spain has been very poor compared to the UK and very few will survive financially.

Chipmonk

Very few Brits ( proportionately) actually have legitimate small or big businesses and anyone legally employed will have received ERTEs which pay over 70 % of wages. Spain has been as generous as UK but many Brits were not working with legal contracts or not registered as fully autonomo and therefore will have suffered. In fact Spain made the process much easier than UK as it is not means tested and your ERTE was automatic with no requirement to even apply for it!!. Add to the fact that many have been over paid as the ERTES often kept running when people returned to work and it was very generous.

Rotor

Theres the rub , all those working on the black economy are now paying dearly , in the UK the furlough scheme pays 80% of wages up until Oct 21 , many retail businesses who have a premises thats council tax registered have done very well , some picking up more than they would normally earn pre Covid , they've all had at least £20k grants some over £50k , grants do no have to be repaid, then theres the Bounce Back Loan scheme , large business loans have been available without credit checks ,a 12 month holiday before re payments start and then interest at 2.5% , theres been a lot of winners in the UK as well as losers due to Covid.

steviedeluxe

Correct - there has been a lot of support for established businesses, although, no doubt, they'll be paying it all back in taxes and business rates in years to come. However, just like those working on the black, a couple of groups have missed out. Those people who had only just opened a business (and so weren't registered on previous year's rates system) were left out, and many self-employed complained about this. Also, those people who rented business premises via intermediaries (I don't know why they did this, maybe a tax avoidance method) also lost out through not being officially on the business rates register. I know a couple of businesses that had to close because of this, plus several "new" businesses in early 2020 that folded because there was no support. I suppose there had to be a cut-off to prevent fraud, and apparently registration of rates-paying businesses has risen with local councils.

Rotor

I hadn't bothered to register one of my UK business premises for rates as its zero rated in that area , I had to prove I`d had the premises and traded there pre Covid to get the grant payment .

Notdunroamin

In essence for those living here legally Brexit has changed nothing so I would suggest that the people leaving now are those who were considering it anyway and Brexit has little or nothing to do with it.

bfg69bug

My Mrs and I work for the same boss, we went on ERTE, then came back to work and she was "overpaid" (recieving ERTE and nomina(wage), then she went back on ERTE and has been since last year. She has only recieved one payment of 70% of her wages since October. She logged in to her sede / sepe page, and it said that they had taken back every centimo that she was overpaid, and thats why she hasnt recieved anything.

So if shes had 0€ / month since October... what is she meant to live on ?

I´ve always been told by my old man, about 20% of my wages, wether its cash or transfer should be saved. For every €100 .. at least €20 should be in a piggybank or jar or envelope in the cupboard... People in spain dont do that.. they earn €1000 and spend €1200 every month so its no wonder that peopel are struggling...