Yorkshire People are the UK Experts on the Cost of Owning Spanish Property

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A Survey by Spanish estate agents HomeEspaña shows that people from Yorkshire know more about buying Spanish property than other people either in the UK or Ireland.

When it comes to knowing the costs of buying a Spanish property, Yorkshire people are more clued up than people from any other UK region. This is just one of the findings of a recent survey by HomeEspaña, a leading Spanish estate agent.

Yorkshire people's superior knowledge extends to the local tax situation - over 40% of people answered a question about Spanish taxes correctly, compared to only 20% of British people overall.

Not many people know that Spanish local taxes are very low, at less than 250 euros a year in most areas. Local services don't suffer because Spain has a local component to income tax - and that's the bad news for anyone planning to live and work in Spain.

Again, nearly 40% of Yorkshire people correctly answered a question about the average costs of buying a property in Spain - the correct answer being around 10% of purchase price. On this one question, however, they were beaten by people from the South East of England, of whom over 50% gave the right answer. But that didn't dent Yorkshire's lead as the overall UK experts.

So why are Yorkshire people relatively more knowledgeable about the costs of buying Spanish property? Could it be that the county is about to suffer an exodus in favour of life in sunny Spain? Or could it be that the old stereotype of Yorkshire people being more knowledgeable about money issues in general is true?

Figures are based on a survey run on HomeEspaña's Website and paper questionnaires given out at exhibitions in August 2005. The total number of respondents was 800.

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Lucy Peacock
HomeEspana
0044-1603-308070
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