Friday , 17 November 2017

British Expatriates In Spain Staying Put, Panic Averted

British Expatriates In Spain Staying Put, Panic Averted

According to figures released by Spain’s National Statistics Institute (INE), it appears as if British expatriates in Spain could be on their way back to the United Kingdom in the shape of some form of mass exodus. Of course, this is if there is any truth in the data that has been released.

The media has it wrong, Brits are staying put

The media has it wrong, Brits are staying put

It has been revealed that around 4,000 expats who had been in Baleares in Spain, left the area during the period between January 2012 and January 2013. And looking at Spain as a whole, it has been reported that there were almost 13,000 less Brits living in the Mediterranean nation during the same period of time. Which means, the number of UK registered citizens in Spain has slipped down to 385,588.

Many Brits choose not to register with local councils in Spain

But with around 800,000 British expatriates in Spain, these figures could just be a load of nonsense. Why, you say? Simply put, many of these individuals have not exactly registered with their local town councils, and in turn they don’t appear on any census which can confuse figures.

So if these people are not leaving the country how are they dropping out of the statistics? The problem is that many British expatriates in Spain are not aware that as EU citizens it is important for them to register on the padrón. Because if they haven’t registered in three years since being in Spain, then they will not be included in annual statistics. For those not aware, the padrón is the census of their local town halls.

There a reasons why many Brits remain under the radar so to speak, that go against the fear mongering the British media will try and make you believe. One of those reasons is financially motivated. These Brits have decided it would be best for them to keep a low profile. Because Spanish Law requires any foreign resident who has been in Spain for over six months, to declare any of their assets held overseas valued in excess of £45,470 (50,000 euros).

With many Brits taking advantage of this loophole, and not taking part in a mass exodus from Spain. It would appear as if the response of the INE’s statistical analysis is nothing but an over reaction.

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