Brexit: Is it a risk to buy property?
Hello,
I’ve seen a beautiful apartment that I’m itching to buy but I’m hesitant about Brexit.
Does anyone know if it’s a wise thing to do or could it be a risk buying in Tenerife with Brexit zooming towards us?
Any advice would be appreciated.
Thank you,
Pearl.
Re: Brexit: Is it a risk to buy property?
Blimey, you’re a useless lot!Not to worry as I’ve found out the answer to my question. Apparently us Brits can only stay in Tenerife 3 out of every 6 months. To continue to enjoy EU benefits we need to have residency by 31/12/2020, after that things will be tough, no EHIC card and pensions cannot be drawn form the UK.
Lots of Brits selling I see. Viewed 5 properties a few days ago all owned by Brits......
Re: Brexit: Is it a risk to buy property?
Great to know you found your answer already, hope you make the most out of your stay.