Hello I hope to move to Mojacar permanently and whilst I have a British state pension I will not have the required€27,000 ( I think that’s the amount)per year coming in. However I will have a substantial capital amount and wonder if anyone knows what the minimum amount would be to be allowed to live in Mojacar permanently please?
Posted: Wed Aug 18, 2021 9:58pm
Legendary helpful member
Well, as stated you need the 27.000€ per year available every year for five years to get residency, but I’m guessing you’re talking about living expenses.
OK, Mojácar - rent will run anywhere between 350€ - 450€ per month depending on what you want; electricity, depending on company and usage about 50€ - 70€ per month; internet - I pay 30€ per month for a 1 GB/s connection. We live (now) in Vera Playa and two people can live comfortably on 1000€ per month, including rent, electricity etc
Janis wrote on Wed Aug 18, 2021 4:04pm:
Hello I hope to move to Mojacar permanently and whilst I have a British state pension I will not have the required€27,000 ( I think that’s the amount)per year coming in. However I will have a substantial capital amount and wonder if anyone knows what the minimum amount would be to be allowed ...
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...to live in Mojacar permanently please?
I don’t know about that sort of capital. But if as you say, it’s substantial (over 135k?) Surely it wouldn’t be to difficult to set up some sort of agreement with a financial authority to pay you 25k year with proof to the necessary people in Spain. Seems easy to me but this is Spain. I’m sure someone will tell me if I’m wrong.
Doris wrote on Wed Aug 18, 2021 10:51pm:
I don’t know about that sort of capital. But if as you say, it’s substantial (over 135k?) Surely it wouldn’t be to difficult to set up some sort of agreement with a financial authority to pay you 25k year with proof to the necessary people in Spain. Seems easy to me but this is Spain. I’m...
Read more...
... sure someone will tell me if I’m wrong.
Thankyou very much Doris I appreciate your help!.
DarioMartin wrote on Wed Aug 18, 2021 9:58pm:
Well, as stated you need the 27.000€ per year available every year for five years to get residency, but I’m guessing you’re talking about living expenses.
OK, Mojácar - rent will run anywhere between 350€ - 450€ per month depending on what you want; electricity, depending on company and usage about 50€ - 70€ per month; internet - I pay 30€ per month for a 1 GB/s connection. We live (now) in Vera Playa and two people can live comfor...
Read more...
...tably on 1000€ per month, including rent, electricity etc
Thank you so much Dario, your info is very useful about €27,000 for 5 years would perhaps be a base line-& ur info about living expenses is v useful too, I really appreciate your help, thank you!
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Janis wrote on Wed Aug 18, 2021 11:08pm:
Thankyou very much Doris I appreciate your help!.
Sorry, I meant €27k per year.
DarioMartin wrote on Wed Aug 18, 2021 9:58pm:
Well, as stated you need the 27.000€ per year available every year for five years to get residency, but I’m guessing you’re talking about living expenses.
OK, Mojácar - rent will run anywhere between 350€ - 450€ per month depending on what you want; electricity, depending on company and usage about 50€ - 70€ per month; internet - I pay 30€ per month for a 1 GB/s connection. We live (now) in Vera Playa and two people can live comfor...
Read more...
...tably on 1000€ per month, including rent, electricity etc
I am about to engage a spanish solicitor to do this for me. She told me I have to have savings of roughly €29,000 and private medical but not english private but spanish. Hope this is true.
Posted: Thu Aug 19, 2021 3:42pm
Legendary helpful member
Joan49 wrote on Thu Aug 19, 2021 2:12pm:
I am about to engage a spanish solicitor to do this for me. She told me I have to have savings of roughly €29,000 and private medical but not english private but spanish. Hope this is true.
Yep, that is true. Health Insurance has to be through a Spanish company that is residency compliant
DarioMartin wrote on Thu Aug 19, 2021 3:42pm:
Yep, that is true. Health Insurance has to be through a Spanish company that is residency compliant
Thank you so much for your help, I really appreciate it!😊
Doris wrote on Wed Aug 18, 2021 10:51pm:
I don’t know about that sort of capital. But if as you say, it’s substantial (over 135k?) Surely it wouldn’t be to difficult to set up some sort of agreement with a financial authority to pay you 25k year with proof to the necessary people in Spain. Seems easy to me but this is Spain. I’m...
Read more...
... sure someone will tell me if I’m wrong.
Thank you very much Doris😊
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