The couple bought a rock-cut house near Granada for £40,000 in 2016, including the cost of renovations. They enjoyed vacation There are so many things that when Britain left Europe in January 2020, it prompted them to move there forever.
The couple from Newport in Wales did not face any Brexit-related restrictions because they have Spanish residency.
Not content with the three-bedroom house carved into the rock, they have now bought a second cave, for €29,000 (£25,000), to have more space. They hope to spend another €70,000 (£60,000) on improving the place.
Mrs Evans, 55, said she hoped her new cave would be a good investment. “When the new place is finished it will have more rooms and could be worth around €150,000 (£129,000),” the former civil police worker said. Yo.
“Apart from seeing family, we are not returning to Britain. We really like our life here. This is the real Spain.
“There are not many people who speak English here and the expat community is not very large.”
The Evans are typical of a growing number of Britons who are becoming cave dwellers in Spain. Times columnist and author Matthew Parris bought one in 2014.
The advantage of living in caves is that the temperature inside does not vary much between 16C and 22C so they are cool in summer and warm in winter.
Sean Lummis, a real estate agent whose company Spanish Inland Properties specializes in cave sales, said Britons are buying cave homes in droves despite the challenges created by Brexit.
“They had been held back for a while because of the cost of living crisis and because they were hoping for a deal with the EU, but it never happened. Now they are buying again. About eight weeks ago there was another boom,” he said. Yo.
The caves sell for as little as €15,000 (£13,000), but need refurbishment: “luxury” rock houses can cost €350,000 (£300,000), Lummis said.
After Brexit, any non-EU citizen will only be able to spend up to 90 days out of every 180 in Spain, unless they are a resident. To secure Spanish residency, Brits can apply for a non-lucrative visa, but this means a person cannot earn any income for five years, so this route is usually suitable for retirees.
Another option is the new digital nomad visa that came into effect in April and offers tax incentives in an effort to attract tech-savvy professionals.
For the first four years that nomads live in Spain, they will pay a 15 percent tax, instead of the standard 25 percent base rate in Spain.
Data from the Spanish Property Registry found that sales to foreigners increased by 29 percent last year compared to 2021.
The British are the largest foreign buyers by nationality, purchasing 11.07 percent of the villas, followed by the Germans (9.47 percent), the French (6.97 percent) and then the Belgians (5.21 percent).
2022 was a record year for property sales to foreigners, up almost 50 percent from 2019.