Orihuela Costa, a sprawl of dozens of large housing estates with low-rise pastel-coloured buildings about 110km down the Costa Blanca from the resort of Benidorm, is one of the largest British enclaves in Spain.Supermarkets stock British staples such as baked beans, news agents only sell British newspapers, and pubs with names such as “The Randy Leprechaun” and “The Celtic Drop” line its well-kept streets.
There were 2,193 home sales involving British buyers in the third quarter of 2019, the lowest level since the third quarter of 2014, according to the latest figures from the country’s association of land registrars. The British, however, still remain by far the biggest group of foreign buyers.Mark Stucklin, the head of Spanish Property Insight, a property information website, said he is “really surprised” how well British demand had stood up since the referendum.
“I am still young. I had thought of going to Greece at some point but that seems more complicated now,” said Mike Watkins, a bartender from Leicester, central England, as he sunbathed on the beach before starting his shift at a pub. “I feel like I have less opportunities now than I did before.”
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