The covid eats the Brexit effect

The secretary general of the Hotel Business Association of Benidorm, Costa Blanca and the Valencian Community (Hosbec), Nuria Montes, points out that Brexit is proving irrelevant for the moment. As he recalls, “we have been without British since July, when the Government of that country decided to impose mandatory quarantines on all those who traveled abroad. The priority right now is to restore normalcy and, if from there there are no impediments in terms of the free movement of people, we will be able to recover them as a market, because it is a very loyal customer in our area. In the real estate sector, Pedro Javier Soliveres, president of the Provincial Association of Promoters of Alicante (Provia), explains that, at the moment, Brexit has not been noticed, but the situation in which the so-called military permits are left is worrying, “since in Torrevieja, Orihuela, Pilar de la Horadada and San Miguel de Salinas, the British buy 800 homes a year, and to deed they have to wait for that permit that right now we don’t know how it will be articulated ».

María Durán, communication manager of the Mallorca Hotel Business Federation (Fehm), points out that “the untimely Brexit has arrived with many unknowns, to which must be added the virulence with which the new strain of covid attacks the United Kingdom, that takes us away from normality, which is now the priority ». The most affected area is Palmanova-Magaluf, where, according to the president of its hotel association, Mauricio Carballeda, 60% are English customers. For his part. Florian Hofer, director of the real estate agency Engel & Volkers in the Balearic Islands, is concerned about the fact that the British cannot stay more than 90 days outside the country.

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The president of the hoteliers of the province of Malaga, Luis Callejón, points out that the main concern is the recovery of mobility and, from there, “how the pound will be against the euro, to see if we continue to be competitive.” Regarding the real estate market, the secretary of the Provincial Association of Builders and Developers (ACP), Violeta Aragón, also refers to the uncertainty due to “the evolution of the currency.”


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