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News: MASSIVE INCREASE IN USA PROPERTY BUYERS IN SPAIN

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MASSIVE INCREASE IN USA PROPERTY BUYERS IN SPAIN

Since the United States Presidential Election - with its surprise result in favour of Donald Trump - there has been an unexpected surge in interest regarding Spanish property from American investors.

The number of searches for property for sale in Spain on the LucasFox.com website from the United States rocketed by a massive 25% in the four weeks following the US elections on November 8th - compared to the previous four weeks.

LucasFox co-founder Alexander Vaughan commented: 'It is still very much early days to see whether this will be a consistent trend. It seems that the US elections have provided a similar spike in interest for Spanish property as the EU Referendum result did for Brits. In the weeks following that result, LucasFox received numerous enquiries from disillusioned British citizens contemplating relocation to Spain for either personal or business reasons'.

In 2017, Americans will also be able to take advantage of cheap flights from the West coast of the US, thanks to four new routes being offered by Norwegian Airlines. They can also currently benefit from the 'Golden Visa' scheme - legislation introduced in 2013 which grants non-EU nationals Spanish residency in exchange for property investment of at least 500,000€. Benefits include free travel within the 26-country Shengen area, and the right to work in Spain.



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