Exodus from Spain as thousands of expats quit the country amid Brexit fears

Thousands of expats are quitting Spain amid Brexit fears and as the pound continues low against the euro.

Brits made up a fifth of foreigners living in Benidorm before the financial crash.

But there were just 2,825 there last year, down from an estimated 5,000 in 2007.

Nearly 5,000 more fled the Balearic islands of Majorca, Ibiza and Menorca – a quarter of them in the last year alone.

The islands were home to 19,803 Brits in 2007, and just 14,981 last year – down from 16,134 the year before.

One former Majorca resident said: “Several have left because of the fall in the pound.” There may also be fears “that the final Brexit regulations could impact badly on their lives”, they added.

Others say all-inclusive resorts are hitting turnover for shops and bars, many run by Brits who have settled there.

Benidorm has had its worst summer in nearly a decade as tourists turn to Turkey, Tunisia and Egypt. Hotel group Hosbec, which covers the Costa Blanca resort, said: “The loss of strength of the British market is a reality.”

  • The Lake District enjoyed a 14% revenue boost last year as more people took a staycation.

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